The net income of Procter and gamble remained flat in 2023 compared to the prior year. the total net income of P&G in 2023 was $14.74 billion compared to $14.8 billion in 2022.
P&G generated $82,006 million in 2023 in net sales compared to $80,187 million in 2022. Its operating income also increased by 2% in 2023 compared to the prior year.
Procter & Gamble Net Income 2001-2023.
The following table shows the Net Income attributable to P&G from 2001-2023. The sums are in Million Dollars.
| Year | Net Income ($mn) |
|---|---|
| 2023 | $14,738 |
| 2022 | $14,793 |
| 2021 | $14,352 |
| 2020 | $13,103 |
| 2019 | $3,966 |
| 2018 | $9,861 |
| 2017 | $15,411 |
| 2016 | $10,604 |
| 2015 | $7,144 |
| 2014 | $11,785 |
| 2013 | $11,402 |
| 2012 | $10,904 |
| 2011 | $11,927 |
| 2010 | $12,846 |
Net Income of P&G was $9.9 billion in 2018 compared to $15.4 billion in 2017.
About Procter & Gamble:
Procter & Gamble was incorporated in Ohio in 1905. However, the original business upon which P&G was built was founded in 1837 by William Procter and James Gamble. P&G offers a large range of consumer packaged goods. Today, its products sell across more than 180 countries and territories. The company operates across five reportable segments that include Beauty; Grooming; Health Care; Fabric & Home Care and Baby, Feminine & Family Care. The largest segment among these is fabric and homeware followed by Baby, Feminine and Family Care. Its largest market is united States which accounts for 41% of its net sales. P&G also spends a large sum on Research and development as well as marketing every year. The brand has focused its business on 65 brands across 10 product categories.
Sources:
P&G Annual Reports