PGProcter & Gamble

Consumer staples · Household Products · NYSE

Employees: 104,000
Headquarters: Cincinnati, OH
CEO: Shailesh Jejurikar
Next results: around Jan 21, 2027

The biggest changes in the 10-K filed 2026-08-04, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Operating margin

24.3% → 22.7% (-1.6 pts) Big change FY to 2026-06-30 vs 2025-06-30

“Operating income decreased $703 million, or 3%, to $19.7 billion as the net sales increase was more than offset by a decrease in operating margin.”
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“Operating income decreased $703 million, or 3%, to $19.7 billion as the increase in net sales was more than offset by the decrease in gross margin and increase in SG&A spending.”
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Cash from operations

+9.8% FY to 2026-06-30 vs 2025-06-30

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Revenue

+3.3% FY to 2026-06-30 vs 2025-06-30

“Net sales increased 3% to $87.0 billion in fiscal 2026 driven by favorable foreign exchange of 2% and pricing of 1%.”
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“Marketing spending as a percentage of net sales increased 80 basis points due to an increase in marketing spending, partially offset by productivity savings.”
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Net income

+0.5% FY to 2026-06-30 vs 2025-06-30

“Net earnings increased $79 million to $16.1 billion as the decrease in operating income was offset by higher non-operating restructuring charges in the prior year, primarily driven by the non-cash charge for accumulated foreign currency translation losses due to the substantial liquidation of operations in Argentina.”
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“Net earnings attributable to Procter & Gamble increased $72 million to $16.0 billion.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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