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Net Income of P&G

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