Earnings recap · PG
Procter & Gamble Q1 fiscal 2027 results
What Procter & Gamble reported for Jul to Sep 2026, compared with the same quarter a year earlier, from the press release it filed with the SEC.
10-Q filed Procter & Gamble filed its quarterly report for this quarter on Oct 22, 2026. Read the 10-Q on SEC EDGAR. The figures below are from the earlier press release; the 10-Q has the full statements and notes.
The headline numbers
Procter & Gamble reported net sales of $23.3B for Q1 fiscal 2027, compared with $22.4B a year earlier (+4.0%). Net earnings to P&G was $4.7B, compared with $4.8B (−0.4%), and diluted earnings per share were $1.97, compared with $1.95. These are GAAP figures, prepared under the standard accounting rules. How EPS is calculated.
Comparing Q1 fiscal 2027 (Jul to Sep 2026) with Q1 fiscal 2026 (Jul to Sep 2025)
Each pair of bars shows both periods. Longer bar, more money. Bars in a group share one scale.
Q1 fiscal 2027Q1 fiscal 2026
Revenue and profit (GAAP)
Source: Exhibit 99.1 to Procter & Gamble's 8-K filed Oct 22, 2026
Per share (GAAP)
Source: Exhibit 99.1 to Procter & Gamble's 8-K filed Oct 22, 2026
Cash flow (GAAP)
Source: Exhibit 99.1 to Procter & Gamble's 8-K filed Oct 22, 2026
| Line | Q1 fiscal 2027 | Q1 fiscal 2026 | Change |
|---|---|---|---|
| Net sales | $23,300M | $22,400M | +4.0% |
| Operating income | $5,937M | $5,856M | +1.4% |
| Net earnings to P&G | $4,731M | $4,750M | −0.4% |
| Diluted EPS | $1.97 | $1.95 | +1.0% |
Change is worked out by Ticker Sage from the two figures shown. Operating margin, operating income as a share of revenue, was 25.5% compared with 26.1%. What profit margins measure.
Cash flow
| Line | Q1 fiscal 2027 | Q1 fiscal 2026 | Change |
|---|---|---|---|
| Cash from operations | $5,767M | $5,408M | +6.6% |
Procter & Gamble's own adjusted measures (non-GAAP)
Read this first
These are measures Procter & Gamble defines itself. They aren't prepared under GAAP, other companies may define similar names differently, and the release reconciles each one to the nearest GAAP figure. Why companies exclude one-time items.
| Measure | Q1 fiscal 2027 | Q1 fiscal 2026 | Change |
|---|---|---|---|
| Adjusted EPS (company measure) | $2.00 | $1.99 | +0.5% |
| Diluted EPS (GAAP) | $1.97 | $1.95 | +1.0% |
Procter & Gamble's outlook
The release's outlook section says:
P&G updated its guidance range for fiscal 2027 all-in sales growth to be in the range of two to four percent versus the prior year, reflecting the acquisition of Thorne as of October 1, 2026. The Company maintained its outlook for organic sales growth in the range of one to three percent versus the prior year.
Included in the organic sales growth guidance is a headwind of 30 to 50 basis points from brand, product form and go-to-market discontinuations.
These are the company's own forecasts, quoted from the release, and forecasts can change. The release lists the assumptions and risks behind them.
What to look for in the 10-Q
The press release has the headline tables. The 10-Q adds the full statements, the notes and management's discussion, including:
- Segment detail. Revenue and profit by business, and the reasons the company gives for changes.
- Items the adjusted measures leave out. Where those charges sit in the GAAP statements.
- Debt and risk factors. Any changes to borrowings and the risk factors section since the 10-K.
How an 8-K, a 10-Q and a 10-K differ. When the 10-Q is filed, the box at the top of this page links to it.
Sources
- Exhibit 99.1: press release and financial tables, filed Oct 22, 2026
- Form 8-K filing index on SEC EDGAR
- Procter & Gamble Form 10-K for fiscal 2026
Common questions
When did Procter & Gamble report Q1 fiscal 2027 results?
Procter & Gamble filed its Q1 fiscal 2027 press release with the SEC on Oct 22, 2026, as Exhibit 99.1 to a Form 8-K under Item 2.02 (Results of Operations and Financial Condition).
What were Procter & Gamble's revenue and EPS for Q1 fiscal 2027?
Net sales was $23.3B, compared with $22.4B in Q1 fiscal 2026. Diluted EPS was $1.97, compared with $1.95.
What is the difference between EPS and adjusted EPS?
EPS is the GAAP figure: net income attributable to the company divided by the diluted share count. Adjusted EPS is Procter & Gamble's own measure that leaves out items it chooses to exclude. For Q1 fiscal 2027 EPS was $1.97 and Adjusted EPS was $2.00.
Has Procter & Gamble filed its 10-Q for Q1 fiscal 2027?
Yes. Procter & Gamble filed the 10-Q on Oct 22, 2026.
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Disclosures
- Editor holdings in PG
- The editor holds no position in Procter & Gamble (PG). As of Oct 25, 2026.
- Compensation
- Nobody paid for this page. No affiliate links.
- Sources
- Procter & Gamble's own SEC filings, linked next to each number.
- Last updated
- Oct 26, 2026
A summary of a public filing for general education, the same for every reader. Not a recommendation to buy, sell or hold PG. It reports what the company said and doesn't compare the results with forecasts by anyone else.