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Operating Margin for Procter & Gamble (PG)

As of · Reported

Metric

TTM

23.2%

YoY change

+2.20pp

Trough year (1993)

1.5%

Peak year (2025)

24.3%

Operating Margin history chart for Procter & Gamble (PG) from 1986 to 2025

Latest: 24.3%

Operating Margin change chart for Procter & Gamble (PG) from 1986 to 2025

Latest: +2.20pp

Operating Margin history table for Procter & Gamble (PG) from 1986 to 2025

  • 202524.3%+2.20pp
  • 202422.1%-0.05pp
  • 202322.1%-0.10pp
  • 202222.2%-1.41pp
  • 202123.6%+1.49pp
  • 202022.1%+14.03pp
  • 20198.1%-11.89pp
  • 201820.0%-1.16pp
  • 201721.2%+0.58pp
  • 201620.6%+4.97pp
  • 201515.6%-3.08pp
  • 201418.7%+1.45pp
  • 201317.2%+1.35pp
  • 201215.9%-3.21pp
  • 201119.1%-1.18pp
  • 201020.3%-1.44pp
  • 200921.7%+1.02pp
  • 200820.7%+0.50pp
  • 200720.2%+0.78pp
  • 200619.4%+0.97pp
  • 200518.5%+0.20pp
  • 200418.3%+0.15pp
  • 200318.1%+1.51pp
  • 200216.6%+4.53pp
  • 200112.1%-2.84pp
  • 200014.9%-1.50pp
  • 199916.4%+0.10pp
  • 199816.3%+0.95pp
  • 199715.3%+1.70pp
  • 199613.6%+0.97pp
  • 199512.7%+0.86pp
  • 199411.8%+10.32pp
  • 19931.5%-8.27pp
  • 19929.8%-0.23pp
  • 199110.0%+0.44pp
  • 19909.6%+0.03pp
  • 19899.5%+0.24pp
  • 19889.3%+4.54pp
  • 19874.7%-3.71pp
  • 19868.5%—

Operating Margin values are taken from Procter & Gamble's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Procter & Gamble (PG)

According to Procter & Gamble's latest reported financial statements, the company's latest reported operating margin is 23.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Procter & Gamble (PG) operating margin totalled 24.26% – expanded 2.2 percentage points year-over-year.

2025 marks the peak operating margin at 24.26%, with the historical low of 1.50% recorded in 1993.

Procter & Gamble Operating Margin by Year

Procter & Gamble Operating Margin 2025: 24.3%

Procter & Gamble posted operating margin of 24.26% in 2025, expanded 2.2 percentage points from 2024. This figure represents the highest annual value in the available history.

Procter & Gamble Operating Margin 2024: 22.1%

In 2024, Procter & Gamble reported operating margin of 22.07%, contracted 0.0 percentage points from 2023.

Procter & Gamble Operating Margin 2023: 22.1%

Procter & Gamble operating margin in 2023 was 22.11%, contracted 0.1 percentage points from 2022.

Procter & Gamble Operating Margin 2022: 22.2%

2022's operating margin for Procter & Gamble came in at 22.21%, contracted 1.4 percentage points from 2021.

Procter & Gamble Operating Margin 2021: 23.6%

Procter & Gamble operating margin in 2021 was 23.63%.

See more financial history for Procter & Gamble (PG).

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