What move does the options market price into Procter & Gamble's report?

Implied ±7.4%, either direction · provisional.

How often does Procter & Gamble move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

PGNYSESoap, Detergents, Cleang Preparations, Perfumes, Cosmetics

Procter & Gamble Co (PG) earnings date, market-implied expected move, and options open interest by expiry

161.55

pre 161.25 −0.20%

Pre-market09:22 ET

Open163.55Volume11.6MMkt cap$374.5BP/E23.89EPS6.75Div yield2.68%

Day161.39 – 164.990%52-wk133.74 – 165.7586%

Procter & Gamble Co

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.4%implied · straddle

149.63173.51

spot 161.57exp Feb 19ATM strike 160ATM straddle 14.05IV 20%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Jan 21

before open · in 80 days

est.Q2 FY27

Calendar

Next report

Last report

+5.58%

vs ±2.6% implied · ×2.16

shaded = implied · ▲▼ = realized

Oct 22 '26 · confirmed

Implied vs realized

Largest filed tie

16.00%

of PG revenue · Walmart

customerPG 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+0.78%

shares held · 10 largest managers

13F · Jun 30 '26125d lag

4,032 managers

Top fund weight

7.43%

PG weight · XLP

N-PORTJun 30 '26

13 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Procter & Gamble (PG) is expected to report on Jan 21 before open (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±3.0%
avg realized: ±2.4%

Jan 22 '25Jan 22 '25confirmed±3.0%▲+1.87%×0.63

Apr 24 '25Apr 24 '25confirmed±3.2%▼−3.74%×1.16

Jul 29 '25Jul 29 '25confirmed±3.0%▼−0.32%×0.11

Oct 24 '25Oct 24 '25confirmed±2.6%▲+0.88%×0.33

Q2 FY26Jan 22 '26confirmed±2.9%▲+2.65%×0.92

Q3 FY26Apr 24 '26confirmed±2.6%▲+2.46%×0.94

Q4 FY26Jul 29 '26confirmed±3.7%▼−1.87%×0.50

Q1 FY27Oct 22 '26confirmed±2.6%▲+5.58%×2.16

quarterimplied−10%0+10%realized×

Q1 FY27±2.6%▲+5.58%×2.16

Q4 FY26±3.7%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 11 expiries · Oct 30 close

0.54OI · 11 expiries · Oct 30 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

3,239+42%Nov 64d1.781,816+30%1.78

2,377+124%Nov 1311d0.415,832+10%0.41

22,639+21%Nov 2018d0.5640,540+78%0.56

581+88%Nov 2725d0.272,172+38%0.27

23—Dec 432d0.09258—0.09

0—Dec 1139d0.001—0.00

18,1250%Dec 1846d0.5831,028+1%0.58

31,252+4%Jan 1574d0.6746,410−1%0.67

report · Jan 21 · before open · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 64d3,239+42%1,816+30%1.78

Nov 1311d2,377+124%5,832+10%0.41

Nov 2018d22,639+21%40,540

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±7.4%

Funds 4

XLP±0.5%

SCHD±0.3%

DIA±0.1%

VIG±0.1%

Customers 1

WMT±3.4%×0.47

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

20.44%as filednet margin · revenue +9.78% QoQ · +3.98% YoY

Revenue

$23.3B+9.78% QoQ

Gross profit

$11.6B+12.78% QoQ

49.83% margin

Operating income

$5.9B+50.30% QoQ

25.51% margin

Pre-tax income

$6.0B+53.14% QoQ

Net income

$4.8B+54.40% QoQ

20.44% margin

Cost of revenue

$11.7B+6.95% QoQ

Operating expenses

$5.7B−10.64% QoQ

Tax

$1.3B+48.88% QoQ

Other income

$86M+552.63% QoQ

Revenue$23.3B+9.78%

Gross profit

$11.6B+12.78%

49.83% margin

Operating income

$5.9B+50.30%

25.51% margin

Pre-tax income

$6.0B+53.14%

Net income

$4.8B+54.40%

20.44% margin

Cost of revenue

$11.7B+6.95%

Operating expenses

$5.7B−10.64%

Other income$86M+552.63%

Tax$1.3B+48.88%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 18:30 ET

Intraday

Event sensitivity

CPI ×1.31· ±1.1% vs ±0.9% · 11 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.1%5 of 11×1.31

PPIproducer prices±1.1%8 of 11×1.29

CPROFcorporate profits±1.1%5 of 12×1.27

PCEpersonal income & outlays±1.1%11 of 20×1.24

GDPgross domestic product±1.0%11 of 20×1.19

NFPjobs report±1.0%7 of 10×1.16

FOMCrate decision±1.0%10 of 24×1.15

Bar = avg |move| to ±2% · tick = ±0.9% avg day · ×base = |move| ÷ ±0.9% · min 6 releases

Earnings history

EPS 1.97 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Oct 22 '26 · confirmed	1.97	—
Q4 FY26	Jul 29 '26 · confirmed	1.26	—
Q3 FY26	Apr 24 '26 · confirmed	1.63	—
Q2 FY26	Jan 22 '26 · confirmed	1.78	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod