P&G Q4 Revenue Rises to $21.2B, Missing Estimates as Profit Falls 15%
P&G's fiscal 2026 fourth-quarter revenue came in at $21.2 billion, up 2% year-over-year but below Wall Street estimates. Diluted EPS fell 15% to $1.26.
- P&G's fiscal Q4 revenue rose 2% to $21.2B but missed estimates, while diluted EPS fell 15% to $1.26
- Shares fell 2.57% to $145.05 after the earnings release
Procter & Gamble (P&G) reported fiscal 2026 fourth-quarter revenue of $21.2 billion in an SEC Form 8-K filing on July 29 (local time). Revenue rose from a year earlier but fell short of market expectations.
📊 Price at Time of Writing (Jul 29, 2026, 23:02 KST)
$145.05 ▼ -2.57%
Quarter at a Glance
P&G said revenue for the April-June quarter rose 2% year-over-year. However, organic revenue — which strips out currency effects and M&A impact — was flat versus the prior year. Diluted earnings per share fell 15% amid higher SG&A expenses and lower gross margin.
- Revenue: $21.2 billion, +2% year-over-year
- Organic revenue (excluding currency and M&A effects): flat versus prior year (0%)
- Diluted EPS: $1.26, down 15% from $1.48 a year earlier
- Core EPS (adjusted, excluding one-time items): $1.43, down 3% year-over-year
- Full fiscal 2026 revenue: $87.0 billion, up 3% year-over-year
- Fiscal 2026 total shareholder returns (dividends and buybacks): more than $15 billion
Market Reaction
Following the earnings release, P&G shares fell 2.57% from the previous trading day to close at $145.05. Media outlets noted that revenue missed Wall Street estimates and organic revenue growth stalled. Seeking Alpha reported that shares declined despite an in-line outlook, pointing to the soft revenue as the culprit. Reuters reported that P&G issued a somewhat muted outlook for fiscal 2027, citing weaker consumer spending, though the company did not disclose specific figures.
Segment Breakdown
By segment, only Beauty posted organic revenue growth, while the rest were flat or declined.
- Beauty (hair, personal care, skin care): organic revenue +4% year-over-year
- Grooming (razors and shaving products): organic revenue flat (0%)
- Health Care (oral care, personal health): organic revenue -1% year-over-year
- Fabric & Home Care (laundry, dish detergent, etc.): organic revenue flat (0%)
- Baby, Feminine & Family Care: organic revenue -2% year-over-year
This article was automatically generated based on the original SEC Form 8-K filing and media reports, with the goal of delivering key data quickly after the announcement. Readers are advised to review the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.
PGFrequently Asked Questions
P&G's Q4 revenue increased, so why did the stock price fall?
Revenue did rise from a year earlier, but it missed Wall Street estimates. Organic revenue (excluding currency effects) was flat, and diluted EPS fell 15% year-over-year, prompting a negative market reaction.
What is Core EPS?
Core EPS is an adjusted earnings-per-share figure that excludes one-time costs or gains. Companies calculate it internally to more accurately reflect recurring operating performance.
Did P&G raise its dividend again this time?
Yes. P&G raised its dividend in April 2026, marking 70 consecutive years of dividend increases, and has paid dividends for 136 straight years since its founding in 1890. In fiscal 2026, the company paid out $10.2 billion in dividends alone.
What is P&G's outlook for fiscal 2027?
According to Reuters, P&G said it expects somewhat muted growth in fiscal 2027, citing slowing consumer spending. However, the company did not disclose specific revenue or profit figures.
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