Earnings release
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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) 2026 2025 Change Net Sales $5,369 $5,131 +4.6 % EPS (diluted) $0.94 $0.91 +3 % Third Quarter Total Company Results (Base Business - Non-GAAP)* 2026 2025 Change 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.
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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).
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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 Sales Net Sales Organic Sales* Volume Pricing FX North America(1) 17% -1.7% -1.6% -3.7% +2.2% -0.2% Latin America 25% +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 Company 100% +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 $392 17% 29.6% +100 Europe, Middle East & Africa(1) $262 8% 23.2% +140 Asia Pacific(1) $211 -1% 26.4% -110 Hill’s Pet Nutrition $267 5% 22.2% -20 Total Company, As Reported $1,088 3% 20.3% -30 Total Company, Base Business* $1,117 5% 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.
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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.
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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.
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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
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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) 2026 2025 Net sales $ 5,369 $ 5,131 Cost of sales 2,136 2,082 Gross profit 3,233 3,049 Gross profit margin 60.2 % 59.4 % Selling, general and administrative expenses 2,111 1,971 Other (income) expense, net 34 19 Operating profit 1,088 1,059 Operating profit margin 20.3 % 20.6 % Non-service related postretirement costs 24 21 Interest expense 62 67 Interest income 17 21 Income before income taxes 1,019 992 Provision for income taxes 240 226 Effective tax rate 23.6 % 22.8 % Net income including noncontrolling interests 779 766 Less: Net income attributable to noncontrolling interests 28 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 Basic 796.9 807.8 Diluted 799.7 810.2 Advertising $ 775 $ 674
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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) 2026 2025 Net sales $ 16,055 $ 15,152 Cost of sales 6,300 6,047 Gross profit 9,755 9,105 Gross profit margin 60.8 % 60.1 % Selling, general and administrative expenses 6,316 5,833 Other (income) expense, net 370 58 Operating profit 3,069 3,214 Operating profit margin 19.1 % 21.2 % Non-service related postretirement costs 70 116 Interest expense 186 203 Interest income 50 56 Income before income taxes 2,863 2,951 Provision for income taxes 682 685 Effective tax rate 23.8 % 23.2 % Net income including noncontrolling interests 2,181 2,266 Less: Net income attributable to noncontrolling interests 91 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 Basic 799.5 810.0 Diluted 802.2 812.8 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.
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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, 2026 2025 2025 Cash and cash equivalents $ 1,527 $ 1,288 $ 1,279 Receivables, net 1,901 1,675 1,807 Inventories 2,182 2,032 2,109 Other current assets 747 714 844 Property, plant and equipment, net 4,613 4,660 4,560 Goodwill 3,080 3,122 3,702 Other intangible assets, net 1,472 1,536 1,889 Other assets 1,220 1,303 1,323 Total assets $ 16,742 $ 16,330 $ 17,513 Total debt $ 7,716 $ 7,988 $ 8,419 Other current liabilities 6,107 5,736 5,383 Other non-current liabilities 2,279 2,241 2,473 Total liabilities 16,102 15,965 16,275 Total Colgate-Palmolive Company shareholders’ equity 288 54 856 Noncontrolling interests 352 311 382 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.
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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) 2026 2025 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 amortization 470 457 ERISA litigation matter — 65 Restructuring and termination benefits, net of cash 177 (15) Stock-based compensation expense 141 127 Deferred income taxes 54 8 Cash effects of changes in: Receivables (224) (180) Inventories (104) 9 Accounts payable and other working capital 254 30 Other non-current assets 48 48 Other non-current liabilities (84) (70) Net cash provided by (used in) operations 2,913 2,745 Investing Activities Capital expenditures (400) (387) Purchases of marketable securities and investments (163) (537) Proceeds from sale of marketable securities and investments 187 508 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, net 947 139 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 options 178 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 equivalents 239 183 Cash and cash equivalents at beginning of the period 1,288 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
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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, 2026 2025 2026 2025 Net Sales Oral, Personal and Home Care North America(1) $ 905 $ 922 $ 2,684 $ 2,745 Latin America 1,326 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 Care 4,164 3,989 12,461 11,735 Hill's Pet Nutrition 1,205 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, 2026 2025 2026 2025 Operating Profit Oral, Personal and Home Care North America(1) $ 177 $ 199 $ 510 $ 583 Latin America 392 337 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 Care 1,042 992 3,155 2,961 Hill's Pet Nutrition 267 255 816 778 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.
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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 Sales Consumer & Change Organic Trade Foreign Region As Reported Sales Change Volume Incentives Exchange Total Company 4.6 % 3.6 % 1.7 % 2.0 % 1.0 % North America(1) (1.7) % (1.6) % (3.7) % 2.2 % (0.2) % Latin America 12.5 % 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 Products 4.4 % 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.
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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 Sales Consumer & Change Organic As Reported Organic Trade Foreign Region As Reported Sales Change Volume(1) Volume Incentives Exchange Total Company 6.0 % 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 America 13.7 % 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 Products 6.2 % 2.9 % 1.5 % 1.5 % 1.4 % 3.3 % Hill’s Pet Nutrition 5.2 % 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 Markets 2.8 % 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.
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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 Profit 2026 2025 Gross profit, GAAP $ 3,233 $ 3,049 Strategic Growth and Productivity Program 5 — Gross profit, non-GAAP $ 3,238 $ 3,049 Basis Point Gross Profit Margin 2026 2025 Change Gross profit margin, GAAP 60.2 % 59.4 % 80 Strategic Growth and Productivity Program 0.1 % — % Gross profit margin, non-GAAP 60.3 % 59.4 % 90 Selling, General and Administrative Expenses 2026 2025 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 Sales 2026 2025 Change Selling, general and administrative expenses as a percentage of Net sales, GAAP 39.3 % 38.4 % 90 Strategic Growth and Productivity Program (0.2) % — % Selling, general and administrative expenses as a percentage of Net sales, non-GAAP 39.1 % 38.4 % 70 Other (Income) Expense, Net 2026 2025 Other (income) expense, net, GAAP $ 34 $ 19 Strategic Growth and Productivity Program (15) — Other (income) expense, net, non-GAAP $ 19 $ 19 Operating Profit 2026 2025 % Change Operating profit, GAAP $ 1,088 $ 1,059 3 % Strategic Growth and Productivity Program 29 — Operating profit, non-GAAP $ 1,117 $ 1,059 5 % Basis Point Operating Profit Margin 2026 2025 Change Operating profit margin, GAAP 20.3 % 20.6 % (30) Strategic Growth and Productivity Program 0.5 % — % Operating profit margin, non-GAAP 20.8 % 20.6 % 20 Non-Service Related Postretirement Costs 2026 2025 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.
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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 Interests Net 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 Program 30 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.
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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 Profit 2026 2025 Gross profit, GAAP $ 9,755 $ 9,105 Strategic Growth and Productivity Program 7 — Gross profit, non-GAAP $ 9,762 $ 9,105 Selling, General and Administrative Expenses 2026 2025 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 Sales 2026 2025 Change Selling, general and administrative expenses as a percentage of Net sales, GAAP 39.3 % 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-GAAP 39.2 % 38.4 % 80 Other (Income) Expense, Net 2026 2025 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 Profit 2026 2025 % Change Operating profit, GAAP $ 3,069 $ 3,214 (5) % Strategic Growth and Productivity Program 327 — ERISA litigation matter — 15 Acquisition-related costs — 9 Operating profit, non-GAAP $ 3,396 $ 3,240 5 % Basis Point Operating Profit Margin 2026 2025 Change Operating profit margin, GAAP 19.1 % 21.2 % (210) Strategic Growth and Productivity Program 2.1 % — % ERISA litigation matter — % 0.1 % Acquisition-related costs — % 0.1 % Operating profit margin, non-GAAP 21.2 % 21.4 % (20) Non-Service Related Postretirement Costs 2026 2025 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.
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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 Interests Net 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 Program 333 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 Interests Net 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 matter 65 12 53 — 53 — % 0.06 Acquisition-related costs 9 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.