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Colgate-Palmolive

Colgate-Palmolive (CL) Q2 2026 Earnings

Reported Jul 31, 2026 at 7:58 AM ET · SEC Source

Q2 26 EPS

$0.99

BEAT +4.53%

Est. $0.95

Q2 26 Revenue

$5.36B

BEAT +0.06%

Est. $5.36B

vs S&P Since Q2 26

-2.8%

TRAILING MARKET

CL +1.3% vs S&P +4.0%

Market Reaction

Did CL Beat Earnings? Q2 2026 Results

Colgate-Palmolive posted a solid second quarter for 2026, extending its EPS beat streak to five consecutive quarters as non-GAAP Base Business earnings of $0.99 per share topped the $0.95 consensus estimate by 4.53%, while revenue of $5.36 billion gr… Read more Colgate-Palmolive posted a solid second quarter for 2026, extending its EPS beat streak to five consecutive quarters as non-GAAP Base Business earnings of $0.99 per share topped the $0.95 consensus estimate by 4.53%, while revenue of $5.36 billion grew 4.9% year over year and edged past expectations by 0.06%. The headline story, however, was the divergence between GAAP and adjusted results; GAAP EPS fell 5% to $0.86, weighed down by $129 million in charges tied to the company's Strategic Growth and Productivity Program, even as Base Business operating profit rose 5% to $1.15 billion with margins expanding to 21.4%. Gross profit margin widened 140 basis points to 61.5%, supported by a 15% surge in advertising spend to $777 million as Colgate leaned into premium, science-led innovation across its portfolio. Shares traded lower immediately after the report, suggesting investors had anticipated stronger momentum, though the company's decision to raise its Base Business EPS growth outlook to mid-single-digit and upgrade its gross margin guidance to roughly flat offered a constructive forward picture.

Key Takeaways

  • • Organic volume growth improving sequentially for third consecutive quarter
  • • Latin America strong volume and pricing growth
  • • Asia Pacific volume-driven organic growth of 5.2%
  • • Gross profit margin expansion of 140 basis points to 61.5%
  • • 15% increase in advertising investment
  • • Foreign exchange tailwind of 2.4%

CL Forward Guidance & Outlook

The company maintained its full year 2026 net sales growth guidance of 2% to 6%, including a low-single-digit positive impact from foreign exchange, and organic sales growth guidance of 1% to 4% (including impact from private label pet food exit). GAAP gross profit margin outlook was upgraded to roughly flat from previously expected down. Base Business gross profit margin was also upgraded to roughly flat. GAAP double-digit EPS growth guidance was maintained. Base Business EPS growth guidance was raised to mid-single-digit from low- to mid-single-digit previously. Advertising is still expected to increase on both a dollar basis and as a percentage of net sales.

24/7 Wall St

CL YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

CL Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26
24/7 Wall St

CL Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“Our growth momentum continued in the second quarter, as we delivered strong broad-based top- and bottom-line results, despite a difficult operating environment. Net sales and organic sales grew in three of four categories and in four of five divisions with worldwide organic volume growth improving sequentially for the third consecutive quarter. Gross profit margin, operating profit, operating profit margin, net income, earnings per share and free cash flow all increased year over year.”

— Noel Wallace, Q2 2026 Earnings Press Release

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