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Procter & Gamble (PG) Q2 FY2022 earnings: revenue $21.0 billion, up 6.1% on the year

Procter & Gamble Co. (PG) reported revenue of $21.0 billion for Q2 FY2022, the quarter ended 31 December 2021, up 6.1% on the same quarter a year earlier as this quarter's filing gives it. Net income was $4.2 billion, up 9.6% on the year as this quarter's filing gives it, and diluted earnings per share $1.66. The figures are the company's own, from the 10-Q it filed with the SEC on 19 January 2022.

Revenue
$21.0 billion
+6.1% on the year · +3.0% on the quarter
Q3 FY2020Q2 FY2022
Operating margin
24.7%
27.2% a year earlier
Q3 FY2020Q2 FY2022
Net income
$4.2 billion
+9.6% on the year · +2.7% on the quarter
Q3 FY2020Q2 FY2022
Diluted EPS
$1.66
+12.9% on the year · +3.1% on the quarter
Q3 FY2020Q2 FY2022

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ2 FY2022Q1 FY2022Q2 FY2021On the quarterOn the yearLast 8 quarters
Revenue20,95320,33819,745+3.0%+6.1%
Cost of revenue10,664n/an/a
Gross profit10,289n/an/a
Gross margin49.1%n/an/a
Selling, general and administrative5,121n/an/a
Operating income5,1685,0235,380+2.9%-3.9%
Operating margin24.7%24.7%27.2%
Interest expense106n/an/a
Income tax997n/an/a
Net income4,2234,1123,854+2.7%+9.6%
Net margin20.2%n/an/a
Diluted EPS$1.66$1.61$1.47+3.1%+12.9%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2022Q1 FY2022Q2 FY2021On the quarterOn the yearLast 8 quarters
Operating cash flow5,121n/an/a
Capital expenditure626n/an/a
Free cash flow4,495n/an/a
Free cash flow margin21.5%n/an/a
Cash from investing-960n/an/a
Cash from financing-2,858n/an/a
Depreciation and amortisation684711671-3.8%+1.9%
Share-based compensation152n/an/a
Buybacks4,754n/an/a
Dividends paid2,171n/an/a
Dividend per share$0.87n/an/a
Diluted shares, weighted2,544m2,559m2,615m-0.6%-2.7%
Shares outstanding at period end2,397m2,420m2,462m-0.9%-2.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2022Q1 FY2022Q2 FY2021On the quarterOn the yearLast 8 quarters
Shareholders' equity44,89346,40848,540-3.3%-7.5%
Debt35,65332,54722,514+9.5%+58.4%
Other liabilities40,870n/an/a
Total liabilities and equity121,416n/an/a
Fixed assets21,357n/an/a
Goodwill40,315n/an/a
Intangible assets23,538n/an/a
Cash and equivalents11,54410,37011,941+11.3%-3.3%
Receivables5,241n/an/a
Inventory6,673n/an/a
Other assets12,748n/an/a
Total assets121,416n/an/a

Questions

What was Procter & Gamble's revenue in Q2 FY2022?

Procter & Gamble (PG) reported revenue of $21.0 billion for Q2 FY2022, the quarter ended 31 December 2021, up 6.1% on the same quarter a year earlier as the company restated it.

How much did Procter & Gamble earn in Q2 FY2022?

Net income for Q2 FY2022 was $4.2 billion, up 9.6% on the year, and diluted earnings per share $1.66.

When did Procter & Gamble report Q2 FY2022 results?

Procter & Gamble filed its 10-Q for the quarter ended 31 December 2021 with the SEC on 19 January 2022.

Quarterly results, the last 20 quarters

Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue20,95319,38119,51520,61220,77320,06820,55321,87121,44120,19520,53221,73721,88219,77620,88922,38622,20821,23521,20323,276
Cost of revenue10,66410,32610,80210,84610,89710,40410,61310,50110,1449,85510,34810,42110,4189,69410,63110,88710,83410,72210,91911,678
Gross profit10,2899,0558,7139,7669,8769,6649,94011,37011,29710,34010,18411,31611,46410,08210,25811,49911,37410,51310,28411,598
Gross margin49%47%45%47%48%48%48%52%53%51%50%52%52%51%49%51%51%50%49%50%
SG&A5,1215,0315,1154,8275,0915,4165,7785,6045,5225,8806,2995,5195,7235,5245,9035,6436,0085,9366,3355,661
Operating income5,1684,0243,5984,9394,7854,2484,1625,7674,4334,4603,8855,7975,7414,5584,3555,8565,3664,5763,9505,937
Operating margin25%21%18%24%23%21%20%26%21%22%19%27%26%23%21%26%24%22%19%26%
Interest expense106109115123171222240225248233219238240217212197220223237223
Net income4,2233,3553,0523,9393,9333,3973,3844,5213,4683,7543,1363,9594,6303,7693,6164,7504,3193,9323,0454,731
Net margin20%17%16%19%19%17%16%21%16%19%15%18%21%19%17%21%19%19%14%20%
Diluted EPS$1.66$1.33$1.21$1.57$1.59$1.37$1.37$1.83$1.40$1.52$1.27$1.61$1.88$1.54$1.48$1.95$1.78$1.63$1.26$1.97
Operating cash flow5,1213,2463,7134,0703,5743,8635,3414,9045,1004,0885,7544,3024,8253,7054,9855,4084,9724,0455,1315,767
Capital expenditure6267476928907087307349258177977839939258599961,2001,1671,0191,0231,366
Free cash flow4,4952,4993,0213,1802,8663,1334,6073,9794,2833,2914,9713,3093,9002,8463,9894,2083,8053,0264,1084,401
Buybacks4,7541,2491,2504,0002,0021,3510.01,5001,0039871,5161,9392,5101,3517001,2502,2786258751,250
Dividends paid2,1712,1552,2622,2552,2312,2242,2892,2902,2882,2852,4492,4452,4412,4332,5532,5492,5442,5302,6092,603
Shares outstanding2,397m2,399m2,390m2,370m2,359m2,357m2,357m2,357m2,353m2,360m2,354m2,355m2,345m2,345m2,342m2,337m2,324m2,329m2,324m2,318m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 December 2021, filed 19 January 2022: the filing.