The Procter & Gamble Company(PG)
Household & Personal Products · Cincinnati, OH
$145.30-1.14 (-0.78%)
Delayed quote: Sep 8, 2026, 2:50 PM EDT
Household & Personal Products · Cincinnati, OH
Delayed quote: Sep 8, 2026, 2:50 PM EDT
Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 64.30% is in line with its 5-year average of 62.58%, around the middle of its 5-year range (52.41%–76.98%).
As of the fiscal period ended Tuesday, June 30, 2026. 4.59% below its 12-month average of 67.39%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
64.30%
FCF PAYOUT RATIO AVG TTM
67.39%
FCF PAYOUT RATIO AVG 3Y
61.84%
FCF PAYOUT RATIO AVG 5Y
62.58%
FCF PAYOUT RATIO AVG 10Y
63.08%
FCF PAYOUT RATIO AVG 15Y
63.23%
FCF PAYOUT RATIO AVG 20Y
58.80%
CURRENT VS TTM AVG
-4.59%
CURRENT VS 3Y AVG
+3.98%
CURRENT VS 5Y AVG
+2.75%
CURRENT VS 10Y AVG
+1.94%
CURRENT VS 15Y AVG
+1.69%
CURRENT VS 20Y AVG
+9.35%
FCF Payout Ratio TTM
64.3%
Earnings Payout Ratio
64.8%
Dividend Yield
2.93%
FCF Yield
4.49%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $15.91B | $10.23B | 64.3% |
| 2025 | $14.04B | $9.87B | 70.3% |
| 2024 | $16.52B | $9.31B | 56.4% |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-06-30 | 64.30% |
| 2026-03-31 | 67.71% |
| 2025-12-31 | 67.88% |
| 2025-09-30 | 66.76% |
| 2025-06-30 | 70.29% |
| 2025-03-31 | 65.01% |
| 2024-12-31 | 57.55% |
| 2024-09-30 | 55.37% |
| 2024-06-30 | 52.41% |
| 2024-03-31 | 52.58% |
| 2023-12-31 | 56.81% |
| 2023-09-30 | 61.94% |
| 2023-06-30 | 65.28% |
| 2023-03-31 | 73.54% |
| 2022-12-31 | 76.98% |
| 2022-09-30 | 67.02% |
| 2022-06-30 | 64.64% |
| 2022-03-31 | 62.39% |
| 2021-12-31 | 57.51% |
| 2021-09-30 | 55.19% |
| 2021-06-30 | 53.02% |
| 2021-03-31 | 49.58% |
| 2020-12-31 | 49.23% |
| 2020-09-30 | 52.13% |
| 2020-06-30 | 54.35% |
| 2020-03-31 | 56.94% |
| 2019-12-31 | 59.07% |
| 2019-09-30 | 60.63% |
| 2019-06-30 | 63.03% |
| 2019-03-31 | 62.63% |
| 2018-12-31 | 63.99% |
| 2018-09-30 | 65.90% |
| 2018-06-30 | 65.56% |
| 2018-03-31 | 70.01% |
| 2017-12-31 | 71.01% |
| 2017-09-30 | 75.66% |
| 2017-06-30 | 77.23% |
| 2017-03-31 | 74.95% |
| 2016-12-31 | 73.98% |
| 2016-09-30 | 64.79% |
| 2016-06-30 | 61.35% |
| 2016-03-31 | 62.23% |
| 2015-12-31 | 60.50% |
| 2015-09-30 | 66.45% |
| 2015-06-30 | 67.03% |
| 2015-03-31 | 63.29% |
| 2014-12-31 | 60.02% |
| 2014-09-30 | 60.35% |
| 2014-06-30 | 68.36% |
| 2014-03-31 | 70.63% |
| 2013-12-31 | 71.09% |
| 2013-09-30 | 64.80% |
| 2013-06-30 | 60.00% |
| 2013-03-31 | 59.80% |
| 2012-12-31 | 59.21% |
| 2012-09-30 | 62.72% |
| 2012-06-30 | 65.87% |
| 2012-03-31 | 65.39% |
| 2011-12-31 | 62.15% |
| 2011-09-30 | 62.71% |
| 2011-06-30 | 58.11% |
| 2011-03-31 | 59.65% |
| 2010-12-31 | 53.51% |
| 2010-09-30 | 50.70% |
| 2010-06-30 | 41.97% |
| 2010-03-31 | 36.32% |
| 2009-12-31 | 37.21% |
| 2009-09-30 | 39.03% |
| 2009-06-30 | 43.18% |
| 2009-03-31 | 46.67% |
| 2008-12-31 | 34.85% |
| 2008-09-30 | 28.93% |
| 2008-06-30 | 27.70% |
| 2008-03-31 | 27.26% |
| 2007-12-31 | 35.41% |
| 2007-09-30 | 40.05% |
| 2007-06-30 | 40.12% |
| 2007-03-31 | 41.08% |
| 2006-12-31 | 44.31% |
| 2006-09-30 | 42.90% |
| 2006-06-30 | 42.52% |
| 2006-03-31 | 43.19% |
| 2005-12-31 | 42.93% |
| 2005-09-30 | 40.74% |
| 2005-06-30 | 41.75% |
| 2005-03-31 | 55.44% |
| 2004-12-31 | 52.65% |
| 2004-09-30 | 49.89% |
| 2004-06-30 | 50.83% |
| 2004-03-31 | 34.32% |
| 2003-12-31 | 35.47% |
| 2003-09-30 | 34.23% |
| 2003-06-30 | 31.12% |
| 2023 |
| $13.79B |
| $9.00B |
| 65.3% |
| 2022 | $13.57B | $8.77B | 64.6% |
| 2021 | $15.58B | $8.26B | 53.0% |
| 2020 | $14.33B | $7.79B | 54.4% |
| 2019 | $11.89B | $7.50B | 63.0% |
| 2018 | $11.15B | $7.31B | 65.6% |
| 2017 | $9.37B | $7.24B | 77.2% |
| 2016 | $12.12B | $7.44B | 61.3% |
| 2015 | $10.87B | $7.29B | 67.0% |
| 2014 | $10.11B | $6.91B | 68.4% |
| 2013 | $10.87B | $6.52B | 60.0% |
| 2012 | $9.32B | $6.14B | 65.9% |
| 2011 | $10.02B | $5.77B | 57.5% |
| 2010 | $13.06B | $5.46B | 41.8% |
| 2009 | $11.68B | $5.04B | 43.2% |
| 2008 | $11.96B | $4.66B | 38.9% |
| 2007 | $10.49B | $4.21B | 40.1% |
| 2006 | $8.71B | $3.70B | 42.5% |
| 2005 | $6.50B | $2.73B | 42.0% |
| 2004 | $7.34B | $2.54B | 34.6% |
| 2003 | $7.22B | $2.25B | 31.1% |
| 2002 | $6.06B | $2.10B | 34.6% |
| 2001 | $3.32B | $1.94B | 58.6% |
| 2000 | $1.66B | $1.80B | 108.4% |
| 1999 | $2.72B | $1.63B | 59.9% |
| 1998 | $2.33B | $1.46B | 62.9% |
| 1997 | $3.75B | $1.33B | 35.4% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.