PerpEquities

Equity · Financial services

Progressive Corporation (PGR) perpetual futures

PGR perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade PGRUSDT.

Progressive Corporation is a US insurance holding company offering auto, property, and commercial insurance through agencies and direct channels.

$236.97+2.5%NYSE open
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Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$105.7K
Open interest
$81.4K
Best liquidity
$67.1K
MEXC
Tightest spread
+11.0 bps
MEXC
Highest volume
$105.7K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $158.9M
OI / float
0.00%
Float $137.3B
Spot performance
1D+1.89%
5D+2.00%
1M+12.52%
6M+20.99%
YTD+5.06%
1Y+14.51%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradePGR/USDTTrading$236.97-49.5% APR
-0.045% every 8h
+11.0 bps$67.1K$105.7K$81.4KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +21.5 bps

Cheapest execution: MEXC · +21.5 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

PGR

Tightest spread

PGR

Highest volume

PGR

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-02 · next report 2027-01-27 · Updated 451h ago
All financials →

Valuation & key figures

Market cap
$127B
Updated 451h ago
Revenue
$91.7B
Trailing 12 months
Revenue growth
+1%
Next fiscal year
Profit margin
+12.7%
P/E
11.0
Peer P/E 23.1
P/S
1.4
Peer P/E
23.1
Similar listed perps
Free cash flow
$16B
Trailing 12 months
Net income
$11.6B
Trailing 12 months
Revenue estimate
$88.2B
Next fiscal year
Earnings
2027-01-27
Revenue est. $20.9B · Updated 451h ago
Dividend
$0.1
2026-10-01
Revenue (TTM)$91.7B+7.7% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)16.0%+0.2 pp vs a year agoOperating income $14.7B
Net income (TTM)$11.6B+8.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$15.2B-10.7% vs a year agoCapex $438M
Diluted EPS (TTM)$19.86+8.9% vs a year agoSum of the last 4 quarters
Net cash$90.9B+2,528.6% vs a year agoCash + short-term investments - debt
  • Revenue growth slowing: 3.0% year on yearQ3 '26 revenue $23.2B, against an average of 10.6% over the four quarters before.
  • Operating margin 16.0% (TTM), +0.2 pp on a year agoOperating income grew 8.8% while revenue grew 7.7%.
  • Capex 0.5% of revenue (a year ago 0.4%)$438M invested in the last 4 quarters (+29.9% on a year earlier). Free cash flow $15.2B = 131.0% of net income.
  • Returned $9.77B to shareholders = 64.2% of free cash flowBuybacks $1.62B (a year earlier $107M), dividends $8.15B, stock-based pay $137M (TTM).

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Personal Lines Segment$19.4B+5.4%87.3%
Commercial Lines Segment$2.83B+1.2%12.7%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 271 lines The Progressive Corporation reported to the SEC

Next catalyst

Catalysts

Earnings
2027-01-27
Revenue est. $20.9B · Updated 451h ago
Dividend
$0.1
2026-10-01

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202618.33$88.2B+1%15
FY 202716.15$91.9B+5%16
FY 202816.02$97.1B+11%10
Q1 20274.40$24.3B+9%13
Q2 20273.88$22.4B-5%5
Q3 20273.61$23.7B+2%5

Company events

6
2027-01-27EarningsActual - / Estimate 4.03-
2026-10-14Earnings · Before market openActual 4.66 / Estimate 4.35Beat
2026-10-01Dividend$0.1-
2026-07-15EarningsActual 4.85 / Estimate 4.64Beat
2026-07-02Dividend$0.1-
2026-04-15EarningsActual 4.81 / Estimate 4.85Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 02:50 PM UTC

Company profile

Sector
Financial Services
Industry
Insurance - Property & Casualty
Chief executive
Susan Patricia Griffith
Employees
70,053
IPO date
Mar 17, 1980
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei1.36
Piotroski scorei5/9
Overall ratingiB+
Owner earningsi$11.52M$0.02 per share
ESG risk ratingiB-Industry rank: 57 out of 72

Rating factors

Return on equityi
5
Return on assetsi
5
Debt to equityi
3
Price to earningsi
3
Price to booki
1
Market cap history
$134.53B+9.6%Aug 26 – Oct 26
$118.84B$126.69B$134.53BLow: $118.84B · 2026-08-17Latest: $134.53B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $134.53B · 2026-10-30High: $134.53B · 2026-10-30Low: $118.84B · 2026-08-17
Largest fund holders
FundWeightShares held
VTI0.16%18.5M
VOO0.18%15.3M
IVV0.21%7.8M
XAW.TO0.12%7.8M
XSP.TO0.2%7.7M
XWD.TO0.15%7.7M
SPY0.2%7.1M
FXAIX0.18%6.8M
VTV0.46%5.6M
FCNKX0.7%5.5M
XLF1.67%3.9M
VCPA.S0.07%3.6M

Analyst track record

How the analysts covering PGR have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings201579
Analysts2327
Buy / hold / sell76 / 101 / 24333 / 220 / 26
Upgrades / downgrades / initiations4 / 5 / 113 / 12 / 8
Price targets hit / missed81 / 100 (45%)153 / 382 (29%)
Avg. return after a rating (TipRanks)-2.2%-7.2%
Best / worst call+21.2% / -33.9%+105.5% / -34.4%

After buy calls on this stock: median 21-day move +1.3% vs S&P 500 -0.3% (n = 346)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Paul NewsomePiper Sandler89% hit rate on this stock · 9 targets measuredBuytarget $241Jul 16, 2026
  2. Michael ZaremskiBMO Capital83% hit rate on this stock · 24 targets measuredHoldtarget $221Nov 3, 2026
  3. Jimmy BhullarJ.P. Morgan82% hit rate on this stock · 11 targets measuredBuytarget $275Jan 7, 2026

Latest ratings

DateAnalystCallTarget
Nov 3, 2026Joshua ShankerBank of America SecuritiesBuyReiterated$262
Nov 3, 2026Joshua ShankerBank of America SecuritiesBuyReiterated$262
Nov 3, 2026Michael ZaremskiBMO CapitalHoldMaintained$221
Nov 3, 2026Michael ZaremskiBMO CapitalHoldMaintained$221
Nov 3, 2026Meyer ShieldsKBWBuyMaintained$246
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$200$220$240$260Dec 25 · Buy 7 · Hold 13 · Sell 1Dec 25Jan 26 · Buy 7 · Hold 13 · Sell 1Feb 26 · Buy 7 · Hold 11 · Sell 1Feb 26Mar 26 · Buy 8 · Hold 9 · Sell 1Apr 26 · Buy 9 · Hold 9 · Sell 1Apr 26May 26 · Buy 9 · Hold 9 · Sell 1Jun 26 · Buy 9 · Hold 8 · Sell 2Jun 26Jul 26 · Buy 7 · Hold 12 · Sell 1Aug 26 · Buy 8 · Hold 12 · Sell 1Aug 26Sep 26 · Buy 8 · Hold 11 · Sell 1Oct 26 · Buy 8 · Hold 12 · Sell 1Oct 26Nov 26 · Buy 8 · Hold 12 · Sell 1Dec 25 · avg. target $260Jan 26 · avg. target $251Feb 26 · avg. target $242Mar 26 · avg. target $235Apr 26 · avg. target $234May 26 · avg. target $235Jun 26 · avg. target $230Jul 26 · avg. target $229Aug 26 · avg. target $233Sep 26 · avg. target $229Oct 26 · avg. target $230Nov 26 · avg. target $230Dec 25 · month-end close $228Jan 26 · month-end close $208Feb 26 · month-end close $214Mar 26 · month-end close $198Apr 26 · month-end close $201May 26 · month-end close $190Jun 26 · month-end close $218Jul 26 · month-end close $211Aug 26 · month-end close $218Sep 26 · month-end close $207Oct 26 · month-end close $231Nov 26 · month-end close $231

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 4, 2026 · 201 ratings

Frequently asked questions

Where can I trade PGR perpetual futures?

Progressive Corporation (PGR) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade PGR around the clock?

Yes. Unlike the underlying stock, PGR perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on PGR perpetuals?

Right now the PGR perp funding rate is -49.5% annualized (venue median), ranging from -49.5% to -49.5% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the PGR perp price compare to the Progressive Corporation stock?

The venue-median PGR perp mark is $237 versus a reference stock price of $237, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a PGR perpetual future?

A PGR perpetual is a derivative that tracks the price of Progressive Corporation with no expiry date. It lets you take long or short exposure to Progressive Corporation on crypto venues, around the clock.

What is PGRUSDT perpetual?

PGRUSDT is the symbol most crypto exchanges use for the Progressive Corporation perpetual settled in USDT (Tether). It tracks the PGR share price through an index, trades 24/7 with leverage and never expires.

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