Procter & Gamble (PG) FY2024 results: revenue $84.0 billion, up 2.5% on the year
Procter & Gamble Co. (PG) reported revenue of $84.0 billion for fiscal 2024, the year ended 30 June 2024, up 2.5% on the year before. Net income was $14.9 billion, up 1.5%, and diluted earnings per share $6.02. The figures are the company's own, from the 10-K it filed with the SEC on 5 August 2024.
Revenue
$84.0 billion
+2.5% on the year
FY2017FY2024
Operating margin
22.1%
22.1% a year earlier
FY2017FY2024
Net income
$14.9 billion
+1.5% on the year
FY2017FY2024
Diluted EPS
$6.02
+2.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
19,846
16,848
16,723
+17.8%
Capital expenditure
3,322
3,062
3,156
+8.5%
Free cash flow
16,524
13,786
13,567
+19.9%
Free cash flow margin
19.7%
16.8%
16.9%
Cash from investing
-3,504
-3,500
-4,424
Cash from financing
-14,855
-12,146
-14,876
Depreciation and amortisation
2,896
2,714
2,807
+6.7%
Share-based compensation
562
545
528
+3.1%
Buybacks
5,006
7,353
10,003
-31.9%
Dividends paid
9,312
8,999
8,770
+3.5%
Dividend per share
$3.83
$3.68
$3.52
+4.0%
Diluted shares, weighted
2,472m
2,484m
2,539m
-0.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
50,559
47,065
46,854
+7.4%
Debt
32,460
34,607
31,493
-6.2%
Operating lease liabilities
666
595
595
+11.9%
Other liabilities
38,685
38,562
38,266
+0.3%
Total liabilities and equity
122,370
120,829
117,208
+1.3%
Fixed assets
22,152
21,909
21,195
+1.1%
Goodwill
40,303
40,659
39,700
-0.9%
Intangible assets
22,047
23,783
23,679
-7.3%
Cash and equivalents
9,482
8,246
7,214
+15.0%
Receivables
6,118
5,471
5,143
+11.8%
Inventory
7,016
7,073
6,924
-0.8%
Other assets
15,252
13,688
13,353
+11.4%
Total assets
122,370
120,829
117,208
+1.3%
10-K for the year ended 30 June 2024, filed 5 August 2024: the filing.