PROCTER & GAMBLE Co Earnings Per Share Disclosure
| Fiscal years ended June 30 | 2025 | 2024 | 2023 | ||||||||||||||
| CONSOLIDATED AMOUNTS | |||||||||||||||||
| Net earnings attributable to P&G (Diluted) | $ | 15,974 | $ | 14,879 | $ | 14,653 | |||||||||||
| Less: Preferred dividends | 291 | 284 | 282 | ||||||||||||||
| Net earnings attributable to P&G available to common shareholders (Basic) | $ | 15,682 | $ | 14,595 | $ | 14,371 | |||||||||||
| SHARES IN MILLIONS | |||||||||||||||||
| Basic weighted average common shares outstanding | 2,350.1 | 2,360.1 | 2,368.2 | ||||||||||||||
| Add effect of dilutive securities: | |||||||||||||||||
Stock options and other unvested equity awards (1) | 33.3 | 38.3 | 39.4 | ||||||||||||||
Convertible preferred shares (2) | 71.0 | 73.6 | 76.3 | ||||||||||||||
| Diluted weighted average common shares outstanding | 2,454.4 | 2,471.9 | 2,483.9 | ||||||||||||||
| NET EARNINGS PER COMMON SHARE | |||||||||||||||||
| Basic | $ | 6.67 | $ | 6.18 | $ | 6.07 | |||||||||||
| Diluted | $ | 6.51 | $ | 6.02 | $ | 5.90 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 4, 2025 | Showing above |
| 2024 | Aug 5, 2024 | |
| 2023 | Aug 4, 2023 | |
| 2022 | Aug 5, 2022 | |
| 2021 | Aug 6, 2021 | |
| 2020 | Aug 6, 2020 | |
| 2019 | Aug 6, 2019 | |
| 2018 | Aug 7, 2018 | |
| 2017 | Aug 7, 2017 | |
| 2016 | Aug 9, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.