Q3 26 EPS
$1.59
BEAT +2.24%
Est. $1.56
Q3 26 Revenue
$21.24B
BEAT +3.50%
Est. $20.52B
vs S&P Since Q3 26
-7.9%
TRAILING MARKET
PG +0.4% vs S&P +8.3%
Market Reaction
Did PG Beat Earnings? Q3 2026 Results
Procter & Gamble delivered a solid fiscal third-quarter 2026 performance, beating Wall Street expectations on both the top and bottom lines for the fourth consecutive quarter. The consumer goods giant posted core EPS of $1.59, ahead of the $1.56 cons… Read more Procter & Gamble delivered a solid fiscal third-quarter 2026 performance, beating Wall Street expectations on both the top and bottom lines for the fourth consecutive quarter. The consumer goods giant posted core EPS of $1.59, ahead of the $1.56 consensus estimate by 2.24%, while net sales of $21.23 billion topped forecasts by 3.50% and rose 7.4% year-over-year, powered by broad-based organic growth across all five business segments and a 4-percentage-point foreign exchange tailwind. The Beauty segment led the way with 7% organic growth, while Fabric & Home Care and Baby, Feminine & Family Care each contributed 3% gains. The strong top-line result came despite a 100-basis-point compression in core gross margin, pressured by tariff-related costs and unfavorable mix. Looking ahead, P&G maintained its fiscal 2026 guidance for core EPS of $6.83 to $7.09, though management signaled results are now expected toward the lower end of those ranges, citing roughly $400 million in after-tax tariff costs and $150 million in commodity headwinds as key pressures heading into the final quarter.
Key Takeaways
- • Organic sales growth of 3% driven by 2% volume increase and 1% pricing
- • Beauty segment led organic growth at 7%, driven by Hair Care, Personal Care, and Skin Care
- • Foreign exchange provided 4-percentage-point tailwind to reported net sales
- • Gross productivity savings of 210 basis points partially offset margin pressures
- • Gain from dissolution of Glad joint venture contributed $261 million after-tax, boosting GAAP EPS
- • Broad-based growth across all five product categories and all regions
PG YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
PG Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions.”
— Shailesh Jejurikar, Q3 2026 Earnings Press Release
PG Earnings Trends
PG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PG EPS Trend
Earnings per share: estimate vs actual
PG Revenue Trend
Quarterly revenue: estimate vs actual
PG Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.41 | $1.43 | +1.63% | $21.20B | -0.82% |
| FY Full Year | $6.88 | $6.89 | +0.11% | $87.03B | -0.07% |
| Q3 26 BEAT | $1.56 | $1.59 | +2.24% | $21.24B | +3.50% |
| Q2 26 BEAT | $1.86 | $1.88 | +1.24% | $22.21B | -0.37% |
| Q1 26 BEAT | $1.90 | $1.99 | +4.91% | $22.39B | +0.98% |
| Q4 25 BEAT FY | $1.42 | $1.48 | +4.14% | $20.89B | +0.22% |
| FY Full Year | $6.78 | $6.51 | -3.95% | $84.28B | +0.09% |
| Q3 25 BEAT | $1.53 | $1.54 | +0.93% | $19.78B | -1.87% |