Net Profit Margin
since 2005
Calculation
Procter & Gamble Co., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings attributable to Procter & Gamble1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | 18.44% | = | 100 | × | 16,046) | ÷ | 87,032) |
| Jun 30, 2025 | 18.95% | = | 100 | × | 15,974) | ÷ | 84,284) |
| Jun 30, 2024 | 17.70% | = | 100 | × | 14,879) | ÷ | 84,039) |
| Jun 30, 2023 | 17.87% | = | 100 | × | 14,653) | ÷ | 82,006) |
| Jun 30, 2022 | 18.38% | = | 100 | × | 14,742) | ÷ | 80,187) |
| Jun 30, 2021 | 18.79% | = | 100 | × | 14,306) | ÷ | 76,118) |
| Jun 30, 2020 | 18.36% | = | 100 | × | 13,027) | ÷ | 70,950) |
| Jun 30, 2019 | 5.76% | = | 100 | × | 3,897) | ÷ | 67,684) |
| Jun 30, 2018 | 14.59% | = | 100 | × | 9,750) | ÷ | 66,832) |
| Jun 30, 2017 | 23.56% | = | 100 | × | 15,326) | ÷ | 65,058) |
| Jun 30, 2016 | 16.09% | = | 100 | × | 10,508) | ÷ | 65,299) |
| Jun 30, 2015 | 9.22% | = | 100 | × | 7,036) | ÷ | 76,279) |
| Jun 30, 2014 | 14.02% | = | 100 | × | 11,643) | ÷ | 83,062) |
| Jun 30, 2013 | 13.44% | = | 100 | × | 11,312) | ÷ | 84,167) |
| Jun 30, 2012 | 12.85% | = | 100 | × | 10,756) | ÷ | 83,680) |
| Jun 30, 2011 | 14.29% | = | 100 | × | 11,797) | ÷ | 82,559) |
| Jun 30, 2010 | 16.13% | = | 100 | × | 12,736) | ÷ | 78,938) |
| Jun 30, 2009 | 17.00% | = | 100 | × | 13,436) | ÷ | 79,029) |
| Jun 30, 2008 | 14.46% | = | 100 | × | 12,075) | ÷ | 83,503) |
| Jun 30, 2007 | 13.52% | = | 100 | × | 10,340) | ÷ | 76,476) |
| Jun 30, 2006 | 12.73% | = | 100 | × | 8,684) | ÷ | 68,222) |
| Jun 30, 2005 | 12.79% | = | 100 | × | 7,257) | ÷ | 56,741) |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
The net profit margin exhibits a long-term upward trajectory, evolving from 12.79% in 2005 to a projected 18.44% by 2026. While the overall trend suggests improved operational efficiency and profitability relative to sales over the two-decade span, the progression is marked by significant intermittent volatility and distinct phases of performance.
- Early Growth Phase (2005–2009)
- A consistent increase in profitability is observed during this period, with margins rising from 12.79% to a peak of 17.00% in 2009. This growth occurred alongside a steady rise in net sales, indicating that earnings grew at a faster rate than revenue.
- Period of Instability and Extreme Fluctuations (2010–2019)
- This interval is characterized by high variance in profit margins. A significant contraction occurred in 2015, where the margin dropped to 9.22%. This was followed by a rapid recovery to a historical peak of 23.56% in 2017. However, a severe decline followed, culminating in a period low of 5.76% in 2019, suggesting substantial non-recurring expenses or strategic shifts during those years.
- Stabilization and Sustained Performance (2020–2026)
- A sharp recovery is noted starting in 2020, with the net profit margin returning to 18.36%. From 2020 through the projected 2026 figures, profitability has remained remarkably stable, fluctuating within a narrow range between 17.70% and 18.95%. This suggests a transition toward a more predictable and sustainable cost structure.
Analysis of the relationship between net sales and net earnings indicates that while sales have grown from $56.74 billion in 2005 to a projected $87.03 billion in 2026, the ability to convert those sales into profit has become more efficient. The stabilization of the margin near 18% in the most recent years represents a significant improvement over the baseline levels observed in the mid-2000s.
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Comparison to Industry (Consumer Staples)
Procter & Gamble Co., net profit margin, long-term trends, comparison to industry (consumer staples)
| Procter & Gamble Co. | Consumer Staples | |
|---|---|---|
| Jun 30, 2026 | 18.44% | — |
| Jun 30, 2025 | 18.95% | 6.10% |
| Jun 30, 2024 | 17.70% | 5.69% |
| Jun 30, 2023 | 17.87% | 5.47% |
| Jun 30, 2022 | 18.38% | 6.11% |
| Jun 30, 2021 | 18.79% | 6.21% |
| Jun 30, 2020 | 18.36% | 6.22% |
| Jun 30, 2019 | 5.76% | 4.62% |
| Jun 30, 2018 | 14.59% | 6.05% |
| Jun 30, 2017 | 23.56% | 5.52% |
| Jun 30, 2016 | 16.09% | 5.88% |
| Jun 30, 2015 | 9.22% | 5.62% |
| Jun 30, 2014 | 14.02% | 6.00% |
| Jun 30, 2013 | 13.44% | 6.75% |
| Jun 30, 2012 | 12.85% | 6.65% |
| Jun 30, 2011 | 14.29% | 6.99% |
| Jun 30, 2010 | 16.13% | 7.59% |
| Jun 30, 2009 | 17.00% | 6.93% |
| Jun 30, 2008 | 14.46% | 6.75% |
| Jun 30, 2007 | 13.52% | 6.11% |
| Jun 30, 2006 | 12.73% | 6.35% |
| Jun 30, 2005 | 12.79% | 6.29% |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).