PG · 8-K · 20261022PR000250
Income Tax Rate Changes
PROCTER & GAMBLE Co · 2026-10-22 · Importance 44 · Surprise 42 · In source text
P&G now expects a fiscal 2027 core effective tax rate of 20%–21%. The company reported a 21.0% GAAP effective tax rate for the first quarter of fiscal 2027, compared with 20.8% in the prior-year quarter. The forward tax-rate outlook is part of the company’s fiscal 2027 earnings planning, although P&G stated that certain forward-looking non-GAAP tax measures cannot be reconciled because discrete items such as acquisitions, divestitures and impairments are unpredictable.
Key facts
- P&G now expects a core effective tax rate in the range of 20% to 21% in fiscal 2027. source
- P&G reported an effective tax rate of 21.0% for the three months ended September 30, 2026 (20.8% prior year). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | unclear | committed | — | P&G now expects a core effective tax rate in the range of 20% to 21% in fiscal 2027. |