P&G Q1 FY 26/27 Earnings ReleaseClose submenu

Dear External Business Partners:

P&G released its Q1 2027 results on Thursday, October 22, 2026. More details are provided in the chart below and in the official press release on P&G’s Investor Relations site.

We are off to a great start this fiscal year. Organic sales are up 4%, with growth in all 10 product categories and all 6 regions. Most of that growth came from volume. The steps we have taken through our integrated growth strategy are taking hold. That growth is meaningful for our external business partners, too.

Partnership Through Global Volatility

I want to pause and recognize what many of you continue to navigate. I've written about the situation in the Middle East before, and many months later, it remains real and, in recent weeks, increasingly uncertain. For many partners, that means more than disrupted routes and longer lead times. It also means looking out for the safety of your teams and families. Through it all, you have worked side by side with our teams to reroute shipments, activate and adjust business continuity plans, and keep products moving to the consumers who rely on them. That kind of steady commitment, month after month, doesn't go unnoticed. Thank you for continuing to show up for each other and for us.

Looking Ahead

• Productivity: Through Supply 3.0, P&G is building a more productive, more connected supply network with the capacity to keep growing, and you are a big part of that network. We are working side by side with you to build that capacity and find new productivity.
• Innovation: Superior innovation is what’s winning with consumers. Continued co-innovation on materials, packaging, and technology helps us deliver superior products consumers count on and love.
• Sustainability: Last month at New York Climate Week, I spent time with many of you, along with NGOs and industry peers. I’m always inspired by the passion and energy for this work. Supply chain resilience and sustainability belong in the same conversation, the standards are moving in a positive direction, and there’s no shortage of innovation.

Thank you for your continued partnership and investment in growth. It helps us serve consumers better every day. This is what mutual value creation looks like, and I’m excited about the momentum we have together.

With appreciation,

Erik Roberts
Chief Purchasing Officer, P&G

*See P&G’s investor website (www.pginvestor.com) for P&G's full Q1 earnings release issued October 22, 2026, the associated webcast presentation, definitions of non-GAAP measures and reconciliation to the most closely related GAAP measure, as well as cautionary information on forward-looking statements, which are based on current assumptions and subject to risks and uncertainties that may cause actual results to differ materially.