Procter & Gamble (PG) FY2025 results: revenue $84.3 billion, up 0.3% on the year
Procter & Gamble Co. (PG) reported revenue of $84.3 billion for fiscal 2025, the year ended 30 June 2025, up 0.3% on the year before. Net income was $16.0 billion, up 7.4%, and diluted earnings per share $6.51. The figures are the company's own, from the 10-K it filed with the SEC on 4 August 2025.
Revenue
$84.3 billion
+0.3% on the year
FY2018FY2025
Operating margin
24.3%
22.1% a year earlier
FY2018FY2025
Net income
$16.0 billion
+7.4% on the year
FY2018FY2025
Diluted EPS
$6.51
+8.1% on the year
FY2018FY2025
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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
17,817
19,846
16,848
-10.2%
Capital expenditure
3,773
3,322
3,062
+13.6%
Free cash flow
14,044
16,524
13,786
-15.0%
Free cash flow margin
16.7%
19.7%
16.8%
Cash from investing
-3,818
-3,504
-3,500
Cash from financing
-14,036
-14,855
-12,146
Depreciation and amortisation
2,847
2,896
2,714
-1.7%
Share-based compensation
476
562
545
-15.3%
Buybacks
6,500
5,006
7,353
+29.8%
Dividends paid
9,872
9,312
8,999
+6.0%
Dividend per share
$4.08
$3.83
$3.68
+6.5%
Diluted shares, weighted
2,454m
2,472m
2,484m
-0.7%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
52,284
50,559
47,065
+3.4%
Debt
34,508
32,460
34,607
+6.3%
Operating lease liabilities
701
666
595
+5.3%
Other liabilities
37,738
38,685
38,562
-2.4%
Total liabilities and equity
125,231
122,370
120,829
+2.3%
Fixed assets
23,897
22,152
21,909
+7.9%
Goodwill
41,650
40,303
40,659
+3.3%
Intangible assets
21,910
22,047
23,783
-0.6%
Cash and equivalents
9,556
9,482
8,246
+0.8%
Receivables
6,185
6,118
5,471
+1.1%
Inventory
7,551
7,016
7,073
+7.6%
Other assets
14,482
15,252
13,688
-5.0%
Total assets
125,231
122,370
120,829
+2.3%
10-K for the year ended 30 June 2025, filed 4 August 2025: the filing.