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Colgate-Palmolive Announces 3rd Quarter 2026 Results

•Net sales increased 4.6%; Organic sales* increased 3.6%, including a 0.2% negative impact from lower private label pet food sales
•GAAP EPS increased 3% to $0.94; Base Business EPS* increased 7% to $0.97
•GAAP Gross profit margin increased 80 basis points to 60.2%; Base Business Gross profit margin* increased 90 basis points to 60.3%
•Net cash provided by operations was $2,913 million for the first nine months of 2026
•The Company’s leadership in toothpaste continued with its global market share at 41.4% year to date
•The Company’s leadership in manual toothbrushes continued with its global market share at 33.1% year to date
•The Company narrowed its sales guidance and raised its gross profit margin and Base Business earnings per share guidance for full year 2026

Third Quarter Total Company Results (GAAP)
($ in millions except per share amounts)20262025Change
Net Sales$5,369$5,131+4.6 %
EPS (diluted)$0.94$0.91+3 %
Third Quarter Total Company Results (Base Business - Non-GAAP)*
20262025Change
Organic Sales Growth+3.6 %
Base Business EPS (diluted) $0.97$0.91+7 %
*Indicates a non-GAAP financial measure. Please refer to “Non-GAAP Financial Measures” later in this release for definitions of non-GAAP financial measures and to “Table 6 - Geographic Sales Analysis Percentage Changes” and “Table 8 - Non-GAAP Reconciliations” included with this release for a reconciliation of these non-GAAP financial measures to the related GAAP measures.



New York, New York, October 30, 2026…Colgate-Palmolive Company (NYSE:CL) today reported results for third quarter 2026. Noel Wallace, Chairman, President and Chief Executive Officer, commented on the Base Business third quarter results, “Our growth momentum continued, delivering another strong quarter of broad-based top- and bottom-line growth with net sales and organic sales increasing in all four categories and in four of five divisions. We were particularly pleased to have delivered our fourth quarter of sequential improvement in worldwide volume growth, while delivering strong pricing growth in the third quarter. As was the case last quarter, gross profit, gross profit margin, operating profit, operating profit margin, net income, earnings per share and free cash flow all increased year over year.

“We remain focused on executing our 2030 strategy, with an emphasis on driving premium, science-based innovation, and we continue to invest behind our brands globally supported by another double-digit increase in advertising this quarter.

“Despite consumer uncertainty and ongoing macroeconomic volatility, our proactive focus on driving growth while building flexibility into our P&L gives us confidence we can navigate these challenges while continuing to deliver consistent, compounded earnings per share growth and drive long-term shareholder value.”

Full Year 2026 Guidance
Based on current spot rates:
•The Company now expects net sales to be up 4% to 5% (versus 2% to 6% previously), including a low-single-digit positive impact from foreign exchange.
•The Company now expects organic sales growth to be broadly in line with its nine-month performance (versus 1% to 4% previously). This includes the impact from our exit from the private label pet food business.
•On a GAAP basis, the Company now expects gross profit margin to be up (versus roughly flat previously) and still expects advertising to be up on both a dollar basis and as a percentage of net sales and double-digit earnings per share growth.
•On a non-GAAP (Base Business) basis, the Company now expects gross profit margin to be up (versus roughly flat previously) and still expects advertising to be up on both a dollar basis and as a percentage of net sales; it also now expects 5% to 7% earnings per share growth (versus mid-single-digit growth previously).

Divisional Performance
See attached "Table 6 - Geographic Sales Analysis Percentage Changes" and "Table 5 - Segment Information" for additional information on net sales and operating profit by division.

Third Quarter Sales Growth By Division
(% change 3Q 2026 vs. 3Q 2025 except % of Total Company Sales)
% of Total Company SalesNet
Sales 		Organic
Sales*
  Volume		PricingFX
North America(1)
17%-1.7%-1.6%-3.7%+2.2%-0.2%
Latin America25%+12.5%+6.0%+3.9%+2.1%+6.5%
Europe, Middle East & Africa(1)
21%+1.4%+2.7%+3.5%-0.9%-1.2%
Asia Pacific(1)
15%+3.5%+4.6%+1.9%+2.8%-1.1%
Hill’s Pet Nutrition
22%+5.6%+5.7%+1.8%+3.9%-0.1%
Total Company100%+4.6%+3.6%+1.7%+2.0%+1.0%
Table may not sum due to rounding.
(1) The Company has recast its historical geographic segment information to conform to the reporting structure effective for the quarter ended March 31, 2026. Recast historical geographic segment information can be found on the Company's website.
*Indicates a non-GAAP financial measure. Please refer to “Non-GAAP Financial Measures” later in this release for definitions of non-GAAP financial measures and to “Table 6 - Geographic Sales Analysis Percentage Changes” included with this release for a reconciliation of these non-GAAP financial measures to the related GAAP measures.


Third Quarter Operating Profit By Division
($ in millions)
3Q 2026
% Change vs 3Q 2025
% to Net Sales
Change in basis points vs 3Q 2025
% to Net Sales
North America(1)
$177-11%19.5%-210
Latin America$39217%29.6%+100
Europe, Middle East & Africa(1)
$2628%23.2%+140
Asia Pacific(1)
$211-1%26.4%-110
Hill’s Pet Nutrition
$2675%22.2%-20
Total Company, As Reported$1,0883%20.3%-30
Total Company, Base Business* $1,1175%20.8%+20
(1) The Company has recast its historical geographic segment information to conform to the reporting structure effective for the quarter ended March 31, 2026.
*Indicates a non-GAAP financial measure. Please refer to “Non-GAAP Financial Measures” later in this release for definitions of non-GAAP financial measures and to “Table 8 - Non-GAAP Reconciliations” included with this release for a reconciliation of these non-GAAP financial measures to the related GAAP measures.




Prepared Materials and Webcast Information
At approximately 7:00 a.m. ET today, the Company will post its prepared materials regarding third quarter results to the Investor Center section of its website at https://investor.colgatepalmolive.com/events-and-presentations.

At 8:30 a.m. ET today, the Company will host a conference call regarding third quarter results. To access this call as a webcast, please go to Colgate-Palmolive’s website at www.colgatepalmolive.com.

About Colgate-Palmolive
Colgate-Palmolive Company is a caring, innovative growth company that is reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, we sell our products in more than 200 countries and territories under brands such as Colgate, Palmolive, Ajax, Axion, Darlie, elmex, EltaMD, Fabuloso, Filorga, hello, Hill’s Prescription Diet, Hill’s Science Diet, Irish Spring, Lady Speed Stick, meridol, PCA SKIN, Prime100, Protex, Sanex, Softsoap, Sorriso, Soupline, Speed Stick, Suavitel and Tom’s of Maine. We are recognized for our leadership and innovation in promoting community wellbeing and improving children’s oral health through our Colgate Bright Smiles, Bright Futures program, which has reached approximately two billion children and their families since 1991. For more information about Colgate-Palmolive and how we make more smiles, visit www.colgatepalmolive.com. CL-E

Market Share Information
Management uses market share information as a key indicator to monitor business health and performance. References to market share in this press release are based on a combination of consumption and market share data provided by third-party vendors, primarily Nielsen, and internal estimates. Except as otherwise noted, all market share references represent the percentage of the dollar value of sales of our products, relative to all product sales in the category in the countries in which the Company competes and purchases data (excluding Venezuela from all periods).
Market share data is subject to limitations on the availability of up-to-date information. In particular, market share data is currently not generally available for certain retail channels, such as eCommerce and certain club retailers and discounters. The Company measures year-to-date market shares from January 1 of the relevant year through the most recent period for which market share data is available, which typically reflects a lag time of one or two months. The Company believes that the third-party vendors it uses to provide data are reliable, but it has not verified the accuracy or completeness of the data or any assumptions underlying the data. In addition, market share information reported by the Company may be different from market share information reported by other companies due to differences in category definitions, the use of data from different countries, internal estimates and other factors.




Cautionary Statement on Forward-Looking Statements
This press release and the related prepared materials and webcast may contain forward-looking statements (as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission (SEC) in its rules, regulations and releases) that set forth anticipated results based on management’s current plans and assumptions. Such statements may relate, for example, to sales or volume growth, net selling price increases, organic sales growth, profit or profit margin levels, earnings per share levels, financial goals, category growth rates, the impact of foreign exchange, the impact of developments in global trade relations and tariffs, the impact of geopolitical events and tensions, wars and military conflicts, such as in Ukraine and the Middle East, cost reduction plans (including the Strategic Growth and Productivity Program), tax rates, interest rates, new product introductions, digital capabilities, commercial investment levels, acquisitions, divestitures, share repurchases or legal or tax proceedings, among other matters. These statements are made on the basis of the Company’s views and assumptions as of October 30, 2026. The Company undertakes no obligation to update these statements whether as a result of new information, future events or otherwise, except as required by law or by the rules and regulations of the SEC. Moreover, the Company does not, nor does any other person, assume responsibility for the accuracy and completeness of these statements. The Company cautions investors that any such forward-looking statements are not guarantees of future performance and that actual events or results may differ materially from those statements. For more information about factors that could impact the Company’s business and cause actual results to differ materially from forward-looking statements, investors should refer to the Company’s filings with the SEC (including, but not limited to, the information set forth under the captions “Risk Factors” and “Cautionary Statement on Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent filings with the SEC). Copies of these filings may be obtained upon request from the Company’s Investor Relations Department or on the Company’s website at www.colgatepalmolive.com.

Non-GAAP Financial Measures
The following provides definitions and other information regarding the non-GAAP financial measures used in this press release and the related prepared materials and webcast, which may not be the same as or comparable to similar measures presented by other companies:
•Base Business: Base Business refers to non-GAAP measures of operating results that exclude certain items. Base Business operating results exclude, as applicable, charges related to the Strategic Growth and Productivity Program and the ERISA litigation matter and acquisition-related costs.
•Organic sales growth: Net sales growth excluding the impact of foreign exchange, acquisitions and divestments.
•Free cash flow before dividends: Net cash provided by operations less Capital expenditures.

This press release and the related prepared materials and webcast discuss Net sales growth (GAAP) and Organic sales growth (non-GAAP). Management believes the organic sales growth measure provides investors and analysts with useful supplemental information regarding the Company’s underlying sales trends by presenting sales growth excluding the external factor of foreign exchange as well as the impact from acquisitions and divestments. See “Geographic Sales Analysis Percentage Changes” for the three and nine months ended September 30, 2026 versus 2025 included with this release for a comparison of Organic sales growth to Net sales growth in accordance with GAAP.

Gross profit, Gross profit margin, Selling, general and administrative expenses, Selling, general and administrative expenses as a percentage of Net sales, Other (income) expense, net, Operating profit, Operating profit margin, Non-service related postretirement costs, Effective income tax rate, Net income attributable to Colgate-Palmolive Company and Diluted earnings per common share are disclosed on both an as reported (GAAP) and Base Business (non-GAAP) basis. These non-GAAP financial measures exclude items that, either by their nature or amount, management would not expect to occur as part of the Company’s normal business on a regular basis, such as restructuring charges, charges for certain litigation and tax matters, acquisition-related costs, gains and losses from certain divestitures and certain other unusual, non-recurring items. Investors and analysts use these financial measures in assessing the Company’s business performance, and management believes that presenting these financial measures on a non-GAAP basis provides them with useful supplemental information to enhance their understanding of the Company’s underlying business performance and trends. These non-GAAP financial measures also enhance the ability to compare period-to-period financial results. See “Non-GAAP Reconciliations” for the three and nine months ended September 30, 2026 and 2025 included with this release for a reconciliation of these financial measures to the related GAAP measures.

The Company uses these financial measures internally in its budgeting process, to evaluate segment and overall operating performance and as factors in determining compensation. While the Company believes that these financial measures are useful in evaluating the Company’s underlying business performance and trends, this information should be considered as supplemental in nature and is not meant to be considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP.

As management uses free cash flow before dividends to evaluate the Company’s ability to satisfy current and future obligations, pay dividends, fund future business opportunities and repurchase stock, the Company believes that it provides useful information to investors. Free cash flow before dividends is not a measure of cash available for discretionary expenditures since the Company has certain non-discretionary obligations such as debt service that are not deducted from the measure. See “Condensed Consolidated Statements of Cash Flows” for the nine months ended September 30, 2026 and 2025 for a comparison of free cash flow before dividends to Net cash provided by operations as reported in accordance with GAAP.

(See attached tables for third quarter results.)


Contacts
Investor Relations: investor_relations@colpal.com
Communications: colgate_palmolive_media_inquiry@colpal.com
Table 1
Colgate-Palmolive Company
Condensed Consolidated Statements of Income
For the Three Months Ended September 30, 2026 and 2025
(Dollars in Millions Except Per Share Amounts) (Unaudited)
20262025
Net sales$5,369 $5,131 
Cost of sales2,136 2,082 
Gross profit3,233 3,049 
Gross profit margin60.2 %59.4 %
Selling, general and administrative expenses2,111 1,971 
Other (income) expense, net34 19 
Operating profit1,088 1,059 
Operating profit margin20.3 %20.6 %
Non-service related postretirement costs24 21 
Interest expense62 67 
Interest income 17 21 
Income before income taxes1,019 992 
Provision for income taxes240 226 
Effective tax rate23.6 %22.8 %
Net income including noncontrolling interests779 766 
Less: Net income attributable to noncontrolling interests28 31 
Net income attributable to Colgate-Palmolive Company$751 $735 
Earnings per common share
Basic$0.94 $0.91 
Diluted$0.94 $0.91 
Supplemental Income Statement Information
Average common shares outstanding
Basic796.9 807.8 
Diluted799.7 810.2 
Advertising $775 $674 
Table 2
Colgate-Palmolive Company
Condensed Consolidated Statements of Income
For the Nine Months Ended September 30, 2026 and 2025
(Dollars in Millions Except Per Share Amounts) (Unaudited)
20262025
Net sales$16,055 $15,152 
Cost of sales6,300 6,047 
Gross profit9,755 9,105 
Gross profit margin60.8 %60.1 %
Selling, general and administrative expenses6,316 5,833 
Other (income) expense, net370 58 
Operating profit3,069 3,214 
Operating profit margin19.1 %21.2 %
Non-service related postretirement costs70 116 
Interest expense186 203 
Interest income50 56 
Income before income taxes2,863 2,951 
Provision for income taxes682 685 
Effective tax rate23.8 %23.2 %
Net income including noncontrolling interests2,181 2,266 
Less: Net income attributable to noncontrolling interests91 97 
Net income attributable to Colgate-Palmolive Company$2,090 $2,169 
Earnings per common share
Basic(1)
$2.61 $2.68 
Diluted(1)
$2.61 $2.67 
Supplemental Income Statement Information
Average common shares outstanding
Basic799.5 810.0 
Diluted802.2 812.8 
Advertising$2,286 $2,020 
Note:
(1) Basic and diluted earnings per share are computed independently for each quarter and any year-to-date period presented. As a result of changes in shares outstanding during the year and rounding, the sum of the quarters' earnings per share may not equal the earnings per share for any year-to-date period.
Table 3
Colgate-Palmolive Company
Condensed Consolidated Balance Sheets
As of September 30, 2026, December 31, 2025 and September 30, 2025
(Dollars in Millions) (Unaudited)
September 30,December 31,September 30,
202620252025
Cash and cash equivalents$1,527 $1,288 $1,279 
Receivables, net1,901 1,675 1,807 
Inventories2,182 2,032 2,109 
Other current assets747 714 844 
Property, plant and equipment, net4,613 4,660 4,560 
Goodwill3,080 3,122 3,702 
Other intangible assets, net1,472 1,536 1,889 
Other assets1,220 1,303 1,323 
   Total assets$16,742 $16,330 $17,513 
Total debt$7,716 $7,988 $8,419 
Other current liabilities6,107 5,736 5,383 
Other non-current liabilities2,279 2,241 2,473 
   Total liabilities16,102 15,965 16,275 
Total Colgate-Palmolive Company shareholders’ equity288 54 856 
Noncontrolling interests352 311 382 
   Total liabilities and equity$16,742 $16,330 $17,513 
Supplemental Balance Sheet Information
Debt less cash, cash equivalents and marketable securities(1)
$6,104 $6,593 $6,947 
Working capital % of sales(6.3)%(7.0)%(4.0)%

Note:
(1) Marketable securities of $85, $107 and $193 as of September 30, 2026, December 31, 2025 and September 30, 2025, respectively, are included in Other current assets.


Table 4
Colgate-Palmolive Company
Condensed Consolidated Statements of Cash Flows
For the Nine Months Ended September 30, 2026 and 2025
(Dollars in Millions) (Unaudited)
20262025
Operating Activities
Net income including noncontrolling interests$2,181 $2,266 
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:
Depreciation and amortization470 457 
ERISA litigation matter— 65 
Restructuring and termination benefits, net of cash177 (15)
Stock-based compensation expense141 127 
        Deferred income taxes54 8 
        Cash effects of changes in:
             Receivables(224)(180)
             Inventories(104)9 
            Accounts payable and other working capital 254 30 
Other non-current assets48 48 
Other non-current liabilities(84)(70)
                  Net cash provided by (used in) operations2,913 2,745 
Investing Activities
   Capital expenditures(400)(387)
   Purchases of marketable securities and investments(163)(537)
   Proceeds from sale of marketable securities and investments187 508 
Payment for acquisition, net of cash acquired— (293)
   Other investing activities(5)(5)
                  Net cash provided by (used in) investing activities(381)(714)
Financing Activities
   Short-term borrowing (repayment) less than 90 days, net947 139 
   Principal payments on debt(1,087)(655)
   Proceeds from issuance of debt— 497 
   Dividends paid(1,308)(1,300)
   Purchases of treasury shares(927)(804)
   Proceeds from exercise of stock options178 83 
   Other financing activities(75)145 
                  Net cash provided by (used in) financing activities(2,272)(1,895)
Effect of exchange rate changes on Cash and cash equivalents(21)47 
Net increase (decrease) in Cash and cash equivalents239 183 
Cash and cash equivalents at beginning of the period1,288 1,096 
Cash and cash equivalents at end of the period$1,527 $1,279 
Supplemental Cash Flow Information
Free cash flow before dividends (Net cash provided by operations less Capital expenditures)
   Net cash provided by operations$2,913 $2,745 
   Less: Capital expenditures(400)(387)
Free cash flow before dividends$2,513 $2,358 
Income taxes paid$648 $712 
Interest paid$205 $235 
Table 5
Colgate-Palmolive Company
Segment Information
For the Three and Nine Months Ended September 30, 2026 and 2025
(Dollars in Millions) (Unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Net Sales
Oral, Personal and Home Care
North America(1)
$905 $922 $2,684 $2,745 
Latin America1,326 1,178 4,011 3,528 
Europe, Middle East & Africa(1)
1,130 1,115 3,377 3,204 
Asia Pacific(1)
802 775 2,388 2,259 
Total Oral, Personal and Home Care4,164 3,989 12,461 11,735 
Hill's Pet Nutrition1,205 1,142 3,594 3,417 
Total Net Sales$5,369 $5,131 $16,055 $15,152 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Operating Profit
Oral, Personal and Home Care
North America(1)
$177 $199 $510 $583 
Latin America392 337 1,211 1,052 
Europe, Middle East & Africa(1)
262 243 791 706 
Asia Pacific(1)
211 213 643 620 
Total Oral, Personal and Home Care1,042 992 3,155 2,961 
Hill's Pet Nutrition267 255 816 778 
Corporate(2)
(221)(189)(902)(523)
Total Operating Profit$1,088 $1,059 $3,069 $3,214 

Tables may not sum due to rounding.

Notes:
(1) The Company has recast its historical geographic segment information to conform to the reporting structure effective for the quarter ended March 31, 2026.

(2) Corporate operations include costs related to stock options and restricted stock units, research and development costs, Corporate overhead costs, restructuring and related implementation charges and gains and losses on sales of non-core product lines and assets.
Corporate Operating profit (loss) for the three and nine months ended September 30, 2026 included charges resulting from the Strategic Growth and Productivity Program of $29 and $327, respectively.

Corporate Operating profit (loss) for the nine months ended September 30, 2025 included charges resulting from the ERISA litigation matter of $15 and acquisition-related costs of $9.


Table 6
Colgate-Palmolive Company
Geographic Sales Analysis Percentage Changes
For the Three Months Ended September 30, 2026 vs. 2025
(Unaudited)
COMPONENTS OF SALES CHANGE
Pricing
Coupons
SalesConsumer &
ChangeOrganicTradeForeign
RegionAs ReportedSales ChangeVolumeIncentivesExchange
Total Company4.6 %3.6 %1.7 %2.0 %1.0 %
North America(1)
(1.7)%(1.6)%(3.7)%2.2 %(0.2)%
Latin America12.5 %6.0 %3.9 %2.1 %6.5 %
Europe, Middle East & Africa(1)
1.4 %2.7 %3.5 %(0.9)%(1.2)%
Asia Pacific(1)
3.5 %4.6 %1.9 %2.8 %(1.1)%
Total CP Products4.4 %3.1 %1.6 %1.4 %1.3 %
Hill’s Pet Nutrition 5.6 %5.7 %1.8 %3.9 %(0.1)%
Emerging Markets(2)
8.0 %5.4 %3.7 %1.7 %2.7 %
Developed Markets
2.0 %2.3 %0.1 %2.2 %(0.3)%

Table may not sum due to rounding.

Notes:
(1) The Company has recast its historical geographic segment information to conform to the reporting structure effective for the quarter ended March 31, 2026.

(2) Emerging Markets include Latin America, Asia (excluding Japan), Africa, the Middle East and Eastern and Central Europe.





Table 7
Colgate-Palmolive Company
Geographic Sales Analysis Percentage Changes
For the Nine Months Ended September 30, 2026 vs. 2025
(Unaudited)
COMPONENTS OF SALES CHANGE
Pricing
Coupons
SalesConsumer &
ChangeOrganicAs ReportedOrganicTradeForeign
RegionAs ReportedSales Change
Volume(1)
VolumeIncentivesExchange
Total Company6.0 %3.0 %1.2 %1.0 %1.9 %2.8 %
North America(2)
(2.2)%(2.3)%(3.6)%(3.6)%1.4 %0.1 %
Latin America13.7 %5.6 %2.8 %2.8 %2.7 %8.1 %
Europe, Middle East & Africa(2)
5.4 %2.7 %3.0 %3.0 %(0.3)%2.8 %
Asia Pacific(2)
5.7 %5.1 %3.5 %3.5 %1.6 %0.6 %
Total CP Products6.2 %2.9 %1.5 %1.5 %1.4 %3.3 %
Hill’s Pet Nutrition5.2 %3.3 %0.3 %(0.6)%3.9 %1.1 %
Emerging Markets(3)
10.0 %5.4 %3.3 %3.3 %2.1 %4.6 %
Developed Markets2.8 %1.0 %(0.5)%(0.8)%1.8 %1.4 %

Table may not sum due to rounding.

Notes:
(1) The impact of the acquisition of the Prime100 pet food business on as reported volume was 0.2%, 0.8% and 0.3% for Total Company, Hill's Pet Nutrition and Developed Markets, respectively.

(2) The Company has recast its historical geographic segment information to conform to the reporting structure effective for the quarter ended March 31, 2026.

(3) Emerging Markets include Latin America, Asia (excluding Japan), Africa, the Middle East and Eastern and Central Europe.

Table 8
Colgate-Palmolive Company
Non-GAAP Reconciliations
For the Three Months Ended September 30, 2026 and 2025
(Dollars in Millions Except Per Share Amounts) (Unaudited)
Gross Profit20262025
Gross profit, GAAP$3,233 $3,049 
Strategic Growth and Productivity Program5 — 
Gross profit, non-GAAP$3,238 $3,049 
Basis Point
Gross Profit Margin20262025Change
Gross profit margin, GAAP60.2 %59.4 %80 
Strategic Growth and Productivity Program0.1 %— %
Gross profit margin, non-GAAP60.3 %59.4 %90 
Selling, General and Administrative Expenses20262025
Selling, general and administrative expenses, GAAP$2,111 $1,971 
Strategic Growth and Productivity Program(9)— 
Selling, general and administrative expenses, non-GAAP$2,102 $1,971 
Basis Point
Selling, General and Administrative Expenses as a Percentage of Net Sales20262025Change
Selling, general and administrative expenses as a percentage of Net sales, GAAP39.3 %38.4 %90 
Strategic Growth and Productivity Program(0.2)%— %
Selling, general and administrative expenses as a percentage of Net sales, non-GAAP39.1 %38.4 %70 
Other (Income) Expense, Net20262025
Other (income) expense, net, GAAP$34 $19 
Strategic Growth and Productivity Program(15)— 
Other (income) expense, net, non-GAAP$19 $19 
Operating Profit20262025% Change
Operating profit, GAAP$1,088 $1,059 3 %
Strategic Growth and Productivity Program29 — 
Operating profit, non-GAAP$1,117 $1,059 5 %
Basis Point
Operating Profit Margin20262025Change
Operating profit margin, GAAP20.3 %20.6 %(30)
Strategic Growth and Productivity Program0.5 %— %
Operating profit margin, non-GAAP20.8 %20.6 %20 
Non-Service Related Postretirement Costs20262025
Non-service related postretirement costs, GAAP$24 $21 
Strategic Growth and Productivity Program(1)— 
Non-service related postretirement costs, non-GAAP$23 $21 
Note: The impact of non-GAAP adjustments may not necessarily equal the difference between “GAAP” and “non-GAAP” as a result of rounding.
Table 8
Continued
Colgate-Palmolive Company
Non-GAAP Reconciliations
For the Three Months Ended September 30, 2026
(Dollars in Millions Except Per Share Amounts) (Unaudited)
2026
Income Before
Income Taxes
Provision For Income Taxes(1)
Net Income
Including
Noncontrolling
Interests		Less: Income Attributable to Noncontrolling InterestsNet Income
Attributable To
Colgate-Palmolive
Company
Effective Income
Tax Rate(2)
Diluted Earnings
Per Share
As Reported GAAP$1,019 $240 $779 $28 $751 23.6 %$0.94 
Strategic Growth and Productivity Program30 3 26 — 26 (0.3)%0.03 
Non-GAAP$1,049 $244 $805 $28 $777 23.3 %$0.97 

The impact of non-GAAP adjustments may not necessarily equal the difference between “GAAP” and “non-GAAP” as a result of rounding.

Notes:
(1) The income tax effect on non-GAAP items is calculated based upon the tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.

(2) The impact of non-GAAP items on the Company’s effective tax rate represents the difference in the effective tax rate calculated with and without the non-GAAP adjustment on Income before income taxes and Provision for income taxes.
Table 9
Colgate-Palmolive Company
Non-GAAP Reconciliations
For the Nine Months Ended September 30, 2026 and 2025
(Dollars in Millions Except Per Share Amounts) (Unaudited)
Gross Profit20262025
Gross profit, GAAP$9,755 $9,105 
Strategic Growth and Productivity Program7 — 
Gross profit, non-GAAP$9,762 $9,105 
Selling, General and Administrative Expenses20262025
Selling, general and administrative expenses, GAAP$6,316 $5,833 
Strategic Growth and Productivity Program(20)— 
ERISA litigation matter— (15)
Selling, general and administrative expenses, non-GAAP$6,296 $5,817 
Basis Point
Selling, General and Administrative Expenses as a Percentage of Net Sales20262025Change
Selling, general and administrative expenses as a percentage of Net sales, GAAP39.3 %38.5 %80 
Strategic Growth and Productivity Program(0.1)%— %
ERISA litigation matter— %(0.1)%
Selling, general and administrative expenses as a percentage of Net sales, non-GAAP39.2 %38.4 %80 
Other (Income) Expense, Net20262025
Other (income) expense, net, GAAP$370 $58 
Strategic Growth and Productivity Program(300)— 
Acquisition-related costs— (9)
Other (income) expense, net, non-GAAP$70 $48 
Operating Profit20262025% Change
Operating profit, GAAP
$3,069 $3,214 (5)%
Strategic Growth and Productivity Program327 — 
ERISA litigation matter— 15 
Acquisition-related costs— 9 
Operating profit, non-GAAP
$3,396 $3,240 5 %
Basis Point
Operating Profit Margin20262025Change
Operating profit margin, GAAP19.1 %21.2 %(210)
Strategic Growth and Productivity Program2.1 %— %
ERISA litigation matter— %0.1 %
Acquisition-related costs— %0.1 %
Operating profit margin, non-GAAP21.2 %21.4 %(20)
Non-Service Related Postretirement Costs20262025
Non-service related postretirement costs, GAAP$70 $116 
Strategic Growth and Productivity Program(6)— 
ERISA litigation matter— (50)
Non-service related postretirement costs, non-GAAP$64 $66 
Note: The impact of non-GAAP adjustments may not necessarily equal the difference between “GAAP” and “non-GAAP” as a result of rounding.
Table 9
Continued
Colgate-Palmolive Company
Non-GAAP Reconciliations
For the Nine Months Ended September 30, 2026 and 2025
(Dollars in Millions Except Per Share Amounts) (Unaudited)
2026
Income Before
Income Taxes
Provision For Income Taxes(1)
Net Income
Including
Noncontrolling
Interests		Less: Income Attributable to Noncontrolling InterestsNet Income
Attributable To
Colgate-Palmolive
Company
Effective Income
Tax Rate(2)
Diluted Earnings
Per Share
As Reported GAAP$2,863 $682 $2,181 $91 $2,090 23.8 %$2.61 
Strategic Growth and Productivity Program333 64 269 1 268 (0.5)%0.33 
Non-GAAP$3,196 $746 $2,450 $91 $2,359 23.3 %$2.94 
2025
Income Before
Income Taxes
Provision For Income Taxes(1)
Net Income
Including
Noncontrolling
Interests		Less: Income Attributable to Noncontrolling InterestsNet Income
Attributable To
Colgate-Palmolive
Company
Effective Income
Tax Rate(2)
Diluted Earnings
Per Share
As Reported GAAP$2,951 $685 $2,266 $97 $2,169 23.2 %$2.67 
ERISA litigation matter65 12 53 — 53 — %0.06 
Acquisition-related costs9 2 7 — 7 — %0.01 
Non-GAAP$3,027 $702 $2,325 $97 $2,228 23.2 %$2.74 

The impact of non-GAAP adjustments may not necessarily equal the difference between “GAAP” and “non-GAAP” as a result of rounding.

Notes:
(1) The income tax effect on non-GAAP items is calculated based upon the tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.

(2) The impact of non-GAAP items on the Company’s effective tax rate represents the difference in the effective tax rate calculated with and without the non-GAAP adjustment on Income before income taxes and Provision for income taxes.