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How Procter & Gamble (PG) makes money
Procter & Gamble (PG) made $23.3B of revenue in the first quarter fiscal 2027 (Q1 FY27), +4% from a year earlier. Of every dollar of revenue, 26¢ was left as operating profit, 20¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $23.3B | 100.0% |
| Operating profit | $5.9B | 25.5% |
| Income tax | $1.3B | 5.4% |
| Net earnings | $4.7B | 20.3% |
| Operating cash flow | $5.8B | 24.8% |
| Free cash flow | $4.4B | 18.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $23.3B | +4% |
| Q4 FY26 | $21.2B | +2% |
| Q3 FY26 | $21.2B | +7% |
| Q2 FY26 | $22.2B | +2% |
| Q1 FY26 | $22.4B | +3% |
| Q4 FY25 | $20.9B | +2% |
| Q3 FY25 | $19.8B | -2% |
From Procter & Gamble's 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Procter & Gamble make money?
Procter & Gamble (PG) made $23.3B of revenue in the first quarter fiscal 2027 (Q1 FY27), +4% from a year earlier. Of every dollar of revenue, 26¢ was left as operating profit, 20¢ was left as net earnings.
What is Procter & Gamble's profit margin?
Net earnings were $4.7B, 20.3% of revenue, in the first quarter fiscal 2027; the operating margin was 25.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.