Earnings Per Share

3 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic net earnings per common share are calculated by dividing Net earnings attributable to Procter & Gamble less preferred dividends by the weighted average number of common shares outstanding during the period. Diluted net earnings per common share are calculated by dividing Net earnings attributable to Procter & Gamble by the diluted weighted average number of common shares outstanding during the period. The diluted shares include the dilutive effect of stock options and other share-based awards based on the treasury stock method and the assumed conversion of preferred stock.

Net earnings per common share were calculated as follows:

CONSOLIDATED AMOUNTS	Three Months Ended September 30
	2025		2024
Net earnings attributable to P&G (Diluted)	4,750		3,959
Less: Preferred dividends	73		72
Net earnings attributable to P&G available to common shareholders (Basic)	$	4,677	$	3,887
SHARES IN MILLIONS
Basic weighted average common shares outstanding	2,342.1		2,356.2
Add effect of dilutive securities:
Stock options and other unvested equity awards (1)	25.3		37.9
Convertible preferred shares (2)	69.4		71.9
Diluted weighted average common shares outstanding	2,436.8		2,466.0
NET EARNINGS PER COMMON SHARE
Basic	$	2.00	$	1.65
Diluted	$	1.95	$	1.61

(1)For the three months ended September 30, 2025 and 2024, the weighted average of stock options that were antidilutive and not included in the diluted net earnings per share calculation were 11 million and 1 million, respectively.

(2)An overview of preferred shares can be found in our Annual Report on Form 10-K for the fiscal year ended June 30, 2025.