P&G earnings date and guidance
P&G's next results are expected on October 22, 2026. The one thing to watch is whether market share and consumer demand support the rest of the year.
What has P&G guided for FY2027?
For FY2027, management guides to 1%–3% organic sales growth and 0%–3% core EPS growth. The core EPS midpoint is $7.00. Adjusted free-cash-flow productivity is expected at 85%–90%. Higher raw materials, energy and transportation costs are expected to create $1,000 million of after-tax pressure.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Organic Sales Growth (%) | Year to Jun 2027 | 1.0% | 3.0% | Jul 29, 2026 |
| Diluted EPS Growth (%) | Year to Jun 2027 | 1.0% | 5.0% | Jul 29, 2026 |
| core earnings per share, mid-point estimate | Year to Jun 2027 | 7.00 | 7.00 | Jul 29, 2026 |
| adjusted free cash flow productivity (%) | Year to Jun 2027 | 85.0% | 90.0% | Jul 29, 2026 |
Did P&G keep its past promises?
P&G’s fiscal 2026 promise was organic-sales and core-EPS growth ranging from flat to 4%. Both finished at 1%. That met the stated range, but fell below its midpoint, so the promise was kept in the narrow sense without delivering the central expectation.
How have P&G revenue and profit trended over the last eight quarters?
Profit weakened more clearly. Gross margin fell from 49.1% to 48.5%, and diluted EPS fell from $1.48 to $1.26. Restructuring caused part of the decline, but core EPS also fell 3%. Productivity savings were offset by marketing, product and packaging investment, unfavorable mix and higher commodity costs.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21,203 | 21,235 | 22,208 | 22,386 | 20,889 | 19,776 | 21,882 | 21,737 |
| Operating income | 3,949 | 4,576 | 5,366 | 5,856 | 4,355 | 4,558 | 5,741 | 5,797 |
| Net income | 3,044 | 3,932 | 4,319 | 4,750 | 3,615 | 3,769 | 4,630 | 3,959 |
| EPS, diluted | 1.26 | 1.63 | 1.78 | 1.95 | 1.48 | 1.54 | 1.88 | 1.61 |
What should investors watch in P&G's next results?
The first checkpoint is the anticipated October 22, 2026 first-quarter earnings call. Investors should watch market share, consumer demand and confidence in the rest of the year, not just whether EPS beats a forecast. P&G reported that fourth-quarter sell-out rose 2% while sell-in fell 1%.