Operating Income for Procter & Gamble (PG)
According to Procter & Gamble's latest reported financial statements, the company's current operating income (TTM) is $20.15B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$20.15B
YoY change
+10.3%
5Y CAGR
+5.4%
Peak year (2025)
$20.45B
Cumulative operating income
$389.80B
Operating Income history chart for Procter & Gamble (PG) from 1986 to 2025
Operating Income history table for Procter & Gamble (PG) from 1986 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $20.45B | +10.3% | ||
| 2024 | $18.55B | +2.3% | ||
| 2023 | $18.13B | +1.8% | ||
| 2022 | $17.81B | -1.0% | ||
| 2021 | $17.99B | +14.5% | ||
| 2020 | $15.71B | +186.2% | ||
| 2019 | $5.49B | -58.9% | ||
| 2018 | $13.36B | -2.9% | ||
| 2017 | $13.77B | +2.4% | ||
| 2016 | $13.44B | +21.6% | ||
| 2015 | $11.05B | -20.6% | ||
| 2014 | $13.91B | +0.7% | ||
| 2013 | $13.82B | +6.0% | ||
| 2012 | $13.04B | -15.9% | ||
| 2011 | $15.49B | -1.5% | ||
| 2010 | $15.73B | -5.6% | ||
| 2009 | $16.66B | -1.5% | ||
| 2008 | $16.92B | +9.5% | ||
| 2007 | $15.45B | +16.6% | ||
| 2006 | $13.25B | +26.6% | ||
| 2005 | $10.47B | +11.6% | ||
| 2004 | $9.38B | +19.5% | ||
| 2003 | $7.85B | +17.6% | ||
| 2002 | $6.68B | +41.0% | ||
| 2001 | $4.74B | -20.5% | ||
| 2000 | $5.95B | -4.8% | ||
| 1999 | $6.25B | +3.3% | ||
| 1998 | $6.05B | +10.3% | ||
| 1997 | $5.49B | +14.0% | ||
| 1996 | $4.82B | +13.5% | ||
| 1995 | $4.24B | +18.5% | ||
| 1994 | $3.58B | +685.1% | ||
| 1993 | $456.00M | -84.1% | ||
| 1992 | $2.87B | +6.1% | ||
| 1991 | $2.70B | +17.4% | ||
| 1990 | $2.30B | +12.9% | ||
| 1989 | $2.04B | +13.5% | ||
| 1988 | $1.80B | +122.6% | ||
| 1987 | $807.00M | -38.2% | ||
| 1986 | $1.30B | — |
Operating Income values are taken from Procter & Gamble's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Procter & Gamble (PG) operating income totalled $20.45B – grew 10.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Procter & Gamble operating income compounded at +5.4% per year, sustaining 3 straight years of year-over-year growth.
The highest annual operating income of $20.45B was reported in 2025. The lowest in the available history was $456.00M in 1993.
Procter & Gamble (PG) sits 2nd of 8 Consumer Defensive peers we track on this metric, against a peer median of $13.63B.
Procter & Gamble Operating Income by Year
Procter & Gamble Operating Income 2025: $20.45B
Procter & Gamble operating income in 2025 was $20.45B, grew 10.3% from 2024. This figure represents the highest annual value in the available history.
Procter & Gamble Operating Income 2024: $18.55B
Procter & Gamble operating income in 2024 was $18.55B, edged up 2.3% from 2023.
Procter & Gamble Operating Income 2023: $18.13B
Procter & Gamble operating income in 2023 was $18.13B, edged up 1.8% from 2022.
Procter & Gamble Operating Income 2022: $17.81B
Procter & Gamble operating income in 2022 was $17.81B, edged down 1.0% below 2021.
Procter & Gamble Operating Income 2021: $17.99B
Procter & Gamble operating income in 2021 was $17.99B.
See more financial history for Procter & Gamble (PG).
Sector peers — Operating Income
Companies in the same sector as Procter & Gamble, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $29.82B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $14.93B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.76B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Mondelez International, Inc. (MDLZ) | $3.62B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is Procter & Gamble's operating income?
- Latest reported operating income for Procter & Gamble (PG) is $20.15B (period ending March 31, 2026).
How has Procter & Gamble operating income changed year-over-year?
- Procter & Gamble (PG) operating income changed +10.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Procter & Gamble operating income?
- Procter & Gamble (PG) operating income compound annual growth rate is +5.4% over the most recent 5 years available.
When did Procter & Gamble operating income hit its highest annual value?
- Procter & Gamble operating income reached its highest annual value of $20.45B in 2025.
What was Procter & Gamble operating income in 2024?
- Procter & Gamble (PG) operating income in 2024 was $18.55B.
What was Procter & Gamble operating income in 2025?
- Procter & Gamble (PG) operating income in 2025 was $20.45B.
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