Monitor next quarter for sustained margin pressure and whether innovation reinvestments offset tariff impacts; full-year EPS guidance is intact but at risk if commodity costs persist.
Price Chart
Executive Summary
Procter & Gamble reported Q3 fiscal 2026 revenue of $21.2 billion (7% YoY growth, 3% organic) and diluted EPS of $1.63, a 6% increase driven by a one-time gain from the dissolution of the Glad joint venture. Core EPS grew 3% to $1.59. The company maintained full-year guidance but expects results toward the lower end due to higher commodity and tariff costs.
Key Financial Metrics
Key Facts
- Q3 revenue: $21.2B (+7% YoY, 3% organic growth)
- Diluted EPS: $1.63 (+6% YoY), includes $0.11 gain from Glad JV dissolution
- Core EPS: $1.59 (+3% YoY)
- Maintained FY26 guidance: organic sales growth in-line to +4%, EPS growth 1-6%
- Operating margin down 150 bps YoY; core margin down 80 bps due to tariffs and reinvestments
Financial Impact
Revenue beat consensus by $680M, EPS beat by $0.07; full-year EPS guidance maintained but expected at lower end due to $0.25/share headwinds from tariffs and commodities
Risk Factors
- Operating margin compression from 230 bps to 215 bps due to tariffs and reinvestment
- Commodity cost headwinds of $150M after tax and tariff impacts of $400M after tax
- Increased reinvestment in innovation and demand creation may pressure earnings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000080424-26-000056 |
| Document: pg-20260424.htm | 0000080424-26-000056 |
| Document: 0000080424-26-000056-index-headers.html | 0000080424-26-000056 |
| Document: 0000080424-26-000056-index.html | 0000080424-26-000056 |
| Document: 0000080424-26-000056.txt | 0000080424-26-000056 |
| 8-K Data (Synthetic) | 0000080424-26-000056 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 424B5 | $160.76 | awaiting T+20 | — | $159.23 (−0.95%) |
Oct 26, 2026 1d ago | Insider Cluster | $159.92 | awaiting T+20 | — | $159.23 (+0.43%) |
Oct 26, 2026 1d ago | 144 | $159.92 | awaiting T+20 | — | $159.23 (−0.43%) |
Oct 26, 2026 1d ago | Insider Cluster | $159.92 | awaiting T+20 | — | $159.23 (−0.43%) |
Oct 26, 2026 1d ago | 424B5 | $159.92 | awaiting T+20 | — | $159.23 (−0.43%) |
Oct 26, 2026 1d ago | 424B5 | $159.92 | awaiting T+20 | — | $159.23 (−0.43%) |
Oct 26, 2026 2d ago | Court Ruling | $159.25 | awaiting T+20 | — | $159.23 (−0.01%) |
Oct 23, 2026 4d ago | ANALYST-UPGRADE | $159.92 | awaiting T+20 | — | $159.23 (−0.43%) |
Oct 22, 2026 5d ago | Institutional Cluster | $161.02 | awaiting T+20 | — | $159.23 (+1.11%) |
Oct 22, 2026 5d ago | 144 | $161.02 | awaiting T+20 | — | $159.23 (−1.11%) |
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