PG · 10-K · 2026A · Full report
Capital Return Program
PROCTER & GAMBLE Co · 2026-08-04 · Importance 50 · Surprise 24 · Matches filing data
P&G generated $19.6 billion of operating cash flow in fiscal 2026, up 10% year over year, and $15.8 billion of adjusted free cash flow, up 8%. Operating cash is primarily used to fund shareholder dividends, while other discretionary uses include share repurchases and acquisitions. Financing activities used $14.5 billion, mainly for dividends and treasury stock purchases, and the Company stated that it may use debt to fund discretionary activities when necessary.
Key facts
- Net financing activities used $14,460 million of cash in 2026, mainly due to dividends to shareholders and treasury stock purchases. source
- Diluted net earnings per common share (GAAP) were $6.62 and Core EPS was $6.89 after a $0.37 incremental restructuring adjustment and a -$0.11 Glad joint venture adjustment. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -11.4% | Net financing activities used $14,460 million of cash in 2026, mainly due to dividends to shareholders and treasury stock purchases. |