Procter & Gamble (NYSE:PG) Posts Earnings Results, Beats Estimates By $0.11 EPS

Posted by Geri Gentry on Oct 23rd, 2026

Procter & Gamble (NYSE:PG – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11, FiscalAI reports. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. During the same quarter in the prior year, the business earned $1.99 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.

Here are the key takeaways from Procter & Gamble’s conference call:

Q1 organic sales rose 4.0%, with volume up 2.4 points and all 10 product categories and six regions posting growth. North American volume improved 3 points, while Greater China organic sales increased 8%.
Market-share trends improved, with more than 70% of P&G’s top U.S. customers holding or growing share, up from less than 10% in the first half of fiscal 2026. Global aggregate share was flat, and 29 of the top 50 category-country combinations held or gained share.
Profitability remains pressured by inflation, freight, energy, and raw-material costs. Core gross margin declined 150 basis points and operating margin fell 80 basis points, while the company raised its expected fiscal-year after-tax cost headwind to approximately $1.4 billion.
P&G maintained fiscal 2027 guidance for organic sales growth of 1%-3%, core EPS growth of 0%-3% ($6.89-$7.11), and free-cash-flow productivity of 85%-90%. Management expects roughly 3% organic growth in the first half, followed by potential acceleration in the second half, but cautioned that consumer demand, oil prices, currencies, and geopolitical conditions could create quarter-to-quarter volatility.
Productivity initiatives are beginning to provide structural leverage through supply-chain automation, digitization, restructuring, and more efficient brand investment. The company plans to return approximately $15 billion to shareholders in fiscal 2027 through dividends and share repurchases.

Procter & Gamble Trading Up 5.8%

Shares of PG opened at $165.94 on Friday. The business has a 50-day moving average of $148.08 and a 200 day moving average of $146.99. Procter & Gamble has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The firm has a market cap of $385.41 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 3.90 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a $1.0885 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 annualized dividend and a yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.

Key Headlines Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Positive Sentiment: Quarterly results exceeded expectations: Procter & Gamble reported adjusted earnings of $2.00 per share versus the $1.89 analyst consensus, while revenue rose 4% year over year to $23.28 billion, ahead of estimates near $22.80 billion. Procter & Gamble earnings beat as sales rise 4%
Positive Sentiment: Underlying demand was resilient: Organic sales increased 4%, with volume contributing 2.4 percentage points. Growth was particularly supported by the laundry and home-care categories, while favorable product mix and productivity savings helped offset cost pressures. Three key takeaways for long-term investors
Positive Sentiment: Sales guidance improved: Management raised its fiscal 2027 all-in sales-growth outlook, partly reflecting the acquisition of Thorne, while maintaining its broader full-year revenue expectations. The guidance update added to the positive earnings surprise. P&G raises fiscal 2027 sales outlook
Neutral Sentiment: Defensive appeal supported buying: With broader large-cap markets under pressure, investors rotated toward consumer-staples companies such as PG for their stable demand, strong brands and long dividend-growth record. Increased call-option activity also indicated heightened short-term bullish interest. Defensive buyers favor Procter & Gamble
Negative Sentiment: Commodity inflation threatens margins: Procter & Gamble warned that raw-material, energy and transportation costs will remain elevated through fiscal 2027. Management expects these pressures to reduce annual profit by roughly $1.4 billion, limiting the benefit of higher sales and creating a key risk for future earnings. P&G flags larger commodity-cost impact

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Whaley sold 2,369 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $145.34, for a total transaction of $344,310.46. Following the completion of the transaction, the insider owned 30,730 shares in the company, valued at $4,466,298.20. This trade represents a 7.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the transaction, the insider owned 187,001 shares of the company’s stock, valued at $26,888,873.79. The trade was a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,135 shares of company stock worth $2,189,970 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on PG shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, September 21st. Bank of America reduced their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Citigroup lifted their price target on shares of Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Finally, UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Friday, October 16th. Fourteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.50.

Get Our Latest Report on PG

About Procter & Gamble

(Get Free Report)

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.

Earnings History for Procter & Gamble (NYSE:PG)

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