Free cash flow
Procter & Gamble Free cash flow decreased by 20.5% to $3.03B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 6.3%, from $2.85B to $3.03B. Over 4 years (FY 2021 to FY 2025), Free cash flow shows relatively stable performance with a -2.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.41B | $3.55B | $4.50B | $2.50B | $3.02B | $3.18B | $2.87B | $3.13B | $4.61B | $3.98B | $4.28B | $3.29B | $4.97B | $3.31B | $3.90B | $2.85B | $3.99B | $4.21B | $3.81B | $3.03B |
| QoQ Change | — | +4.3% | +26.5% | -44.4% | +20.9% | +5.3% | -9.9% | +9.3% | +47.0% | -13.6% | +7.6% | -23.2% | +51.0% | -33.4% | +17.9% | -27.0% | +40.2% | +5.5% | -9.6% | -20.5% |
| YoY Change | — | — | — | — | -11.3% | -10.5% | -36.2% | +25.4% | +52.5% | +25.1% | +49.4% | +5.0% | +7.9% | -16.8% | -8.9% | -13.5% | -19.8% | +27.2% | -2.4% | +6.3% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Procter & Gamble's free cash flow?
- Procter & Gamble (PG) reported free cash flow of $3.03B in Q1 2026.
- How has Procter & Gamble's free cash flow changed year-over-year?
- Procter & Gamble's free cash flow increased by 6.3% year-over-year, from $2.85B to $3.03B.
- What is the long-term trend for Procter & Gamble's free cash flow?
- Over 4 years (2021 to 2025), Procter & Gamble's free cash flow has grown at a -2.6% compound annual growth rate (CAGR), from $15.58B to $14.04B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.