Procter & Gamble Company (PG)
Operating profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 20,451,000 | 19,981,000 | 19,883,000 | 18,575,000 | 18,545,000 | 18,822,000 | 18,610,000 | 18,962,000 | 18,134,000 | 17,570,000 | 17,346,000 | 17,729,000 | 17,813,000 | 17,755,000 | 17,516,000 | 17,728,000 | 17,986,000 | 17,927,000 | 17,595,000 | 16,697,000 |
| Revenue (ttm) | US$ in thousands | 84,284,000 | 83,927,000 | 84,346,000 | 83,905,000 | 84,039,000 | 84,060,000 | 83,933,000 | 83,265,000 | 82,006,000 | 80,968,000 | 80,281,000 | 80,461,000 | 80,187,000 | 79,618,000 | 78,346,000 | 77,138,000 | 76,118,000 | 74,870,000 | 73,975,000 | 72,470,000 |
| Operating profit margin | 24.26% | 23.81% | 23.57% | 22.14% | 22.07% | 22.39% | 22.17% | 22.77% | 22.11% | 21.70% | 21.61% | 22.03% | 22.21% | 22.30% | 22.36% | 22.98% | 23.63% | 23.94% | 23.79% | 23.04% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $20,451,000K ÷ $84,284,000K
= 24.26%
The operating profit margin for Procter & Gamble (P&G) exhibited fluctuations over the analyzed period from September 30, 2020, through June 30, 2025. Initially, at the end of September 2020, the margin stood at 23.04%. It experienced a mild upward trend through the following quarter, reaching 23.79% by the end of December 2020, and further increased to approximately 23.94% by March 31, 2021. During this period, the margin maintained a relatively stable high level, with slight variations.
In the subsequent quarters, a gradual decline became evident. By September 30, 2021, the margin decreased to 22.98%, and this downward trend continued into 2022, reaching 21.61% at the end of December 2022. The margin further declined in early 2023, with a modest uptick to 22.11% by June 30, 2023, and subsequently to 22.77% by September 30, 2023.
Starting from late 2023, the margin displayed signs of recovery and upward movement. It was 22.17% at the end of December 2023, increased slightly to 22.39% by March 31, 2024, and then stabilized around 22.07% for June 2024 before increasing again to 22.14% by September 30, 2024. Notably, the margin experienced a significant upward shift by the end of the period, reaching 23.57% at December 31, 2024, and continuing to improve to 23.81% in March 2025, with a further increase to 24.26% by June 2025.
Overall, the operating profit margin of P&G demonstrates a pattern of initial stability and slight growth, followed by a period of decline over 2021 and 2022, and subsequently, a recovery trend beginning in late 2023 through mid-2025. The recent upward trajectory, especially noted in the last two quarters, indicates improvements in operational efficiency and cost management, contributing to better profitability margins.
See also:
Procter & Gamble Company Operating Profit Margin (Quarterly Data)