What is Procter & Gamble's deferred taxes?

Procter & Gamble (PG) reported deferred taxes of $143M in Q4 2025.

How has Procter & Gamble's deferred taxes changed year-over-year?

Procter & Gamble's deferred taxes increased by 286.5% year-over-year, from $37M to $143M.

What is the long-term trend for Procter & Gamble's deferred taxes?

Over 2 years (2022 to 2024), Procter & Gamble's deferred taxes has grown at a -22.1% compound annual growth rate (CAGR), from -$402M to -$244M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Procter & Gamble PG Deferred Taxes

Deferred Taxes at other companies

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-$18M+25.0%

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$36M+414%

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$159M-92.7%

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$4.5M+229%

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-$6.9M-111%

Hain Celestial GroupHAIN

-$2.66M-76.5%

Other financials

Income statement

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Revenue$21.2B+7.4%

Gross profit$10.5B+4.3%

Operating income$4.6B+0.4%

Net income$3.9B+4.3%

EPS (diluted)$1.63+5.8%

Balance sheet

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Cash & equivalents$12.3B+35.0%

Total debt$23.9B-30.1%

Total assets$128.38B+4.4%

Cash flow

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Operating cash flow$4.0B+9.2%

CapEx$1.0B+18.6%

Free cash flow$3.0B+6.3%

Valuation

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Market cap$341.47B-5.2%

Enterprise value$353.01B-8.5%

P/E20.6×-2.0×

P/S3.9×-0.3×

Profitability

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Gross margin50.3%-1.0pp

Operating margin23.2%-0.6pp

Net margin19.2%+0.7pp

FCF margin17.3%-0.6pp

Returns & leverage

See full

Current ratio0.7×0.0×

Where this comes from

Reported directly by Procter & Gamble in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Procter & Gamble’s 10-Q, filed January 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Procter & Gamble's deferred taxes?: Procter & Gamble (PG) reported deferred taxes of $143M in Q4 2025.
How has Procter & Gamble's deferred taxes changed year-over-year?: Procter & Gamble's deferred taxes increased by 286.5% year-over-year, from $37M to $143M.
What is the long-term trend for Procter & Gamble's deferred taxes?: Over 2 years (2022 to 2024), Procter & Gamble's deferred taxes has grown at a -22.1% compound annual growth rate (CAGR), from -$402M to -$244M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.