PROCTER & GAMBLE Co

Company facts

Industry

Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics

Headquarters

Cincinnati, Ohio

Most recent report

8-K, filed Nov 3, 2026

Incorporated

Ohio

Filings on record

1,003+ filings

On EDGAR

CIK 80424

Fiscal year ends

June

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 0 positive, 10 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Balance sheet shows $5.4B cash jump from debt; notes flag Gillette impairment risk and $3.9B acquisition.
  Notable

  • Supply Chain Finance program: $6.5B in accounts payable at September 30, 2026, up from $6.2B.
  • Restructuring plan announced June 2025: expects ~$2.0B in costs over two years, up to 7,000 job cuts.
  • On October 1, 2026, P&G completed $3.9B all-cash acquisition of Thorne, a wellness supplement brand.
  Negative

  • Gillette intangible asset ($12.8B) fair value exceeds carrying by only >10%; impairment risk remains.

• Management's Discussion (Item 2)

  Full MD&A with segment results, margin drivers, restructuring costs, and a $3.9B acquisition.
  Notable

  • Restructuring plan expects $2B in before-tax costs over two years; over half incurred in fiscal 2026, remainder in fiscal 2027.
  • Restructuring includes reduction of up to 7,000 non-manufacturing overhead personnel by end of fiscal 2027.
  • Operating cash flow $5.8B in Q1 2026, up $359M; free cash flow $4.4B, productivity 93%.
  • Financing activities generated $1.1B net cash, mainly from debt increase related to planned Thorne acquisition.
  • Current liabilities exceeded current assets by $12.5B as of Sep 30, 2026, but company expects to fund via operations.
  Negative

  • Gross margin dropped 160 bps to 49.8% in Q1 2026, driven by 140 bps higher commodity costs and 140 bps product investments.
  • Beauty net earnings fell 1% to $868M in Q1 2026 despite 6% sales growth, due to 150 bps margin decline.
  • Baby, Feminine & Family Care net earnings fell 4% to $1.1B in Q1 2026, with 150 bps margin decline.

• Other Information (Item 5)

  Segment realignment with restated financials; materiality is assessed but the change is structural.
  Notable

  • Habitat Care moved from Corporate to Fabric & Home Care segment, effective Q1 FY2027.
  • Segment changes were not material for FY2024-2026, per the filing.

What changed: Sep 2026 vs. Mar 2026

About 7% of PG's Sep 2026 10-Q is new information. 22 paragraphs were added, 131 changed, and 126 removed. Below are the most important lines SECSift identified.

• Item 2 77
• Item 1 36
• Item 6 7
• Item 5 5
• Item 4 2
• Item 3 1
• Item 1A 1