Progressive Corporation (PGR) income statement
NYSE · Financial Services · Insurance - Property & Casualty · 70,053 employees · CEO Susan Patricia Griffith
- Price
- $231.28 +0.48%
- Market cap
- $134B
- Enterprise value
- $143B
- Last report
- Q3 '26 filed 2026-10-14
- Next report
- 2027-01-27
Progressive Corporation (PGR) reported revenue of $23.2B for Q3 '26 (+3.0% year on year), operating income of $3.24B (14.0% of revenue) and net income of $2.54B. Over the last four quarters revenue was $91.7B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.9B | $17.2B | $18.1B | $19.7B | $20.3B | $20.4B | $22B | $22.5B | $22.7B | $22.2B | $23.6B | $23.2B | |
| Cost of revenue | $12.7B | $12.2B | $13.9B | $13.9B | $14.4B | $14.3B | $15.1B | $19B | $16.1B | $13.8B | $17.7B | $0 | |
| Gross profit | $4.19B | $5.03B | $4.22B | $5.81B | $5.83B | $6.14B | $6.88B | $3.55B | $6.66B | $8.35B | $5.94B | $23.2B | |
| Other operating expenses | $1.69B | $2.09B | $2.36B | $2.87B | $2.86B | $2.91B | $2.9B | $224M | $2.98B | $4.79B | $1.73B | $19.9B | |
| Operating expenses | $1.69B | $2.09B | $2.36B | $2.87B | $2.86B | $2.91B | $2.9B | $224M | $2.98B | $4.79B | $1.73B | $19.9B | |
| Operating income | $2.5B | $2.94B | $1.86B | $2.94B | $2.97B | $3.24B | $3.98B | $3.32B | $3.68B | $3.57B | $4.21B | $3.24B | |
| Interest expense | $69.7M | $70M | $69M | $69.9M | $69.9M | $70M | $69M | $70M | $69M | $70M | $88M | $87M | |
| Other non-operating income (gains on investments, FX ...) | -$69.7M | -$70M | -$69M | -$69.9M | -$69.9M | -$70M | -$69M | -$70M | -$69M | -$70M | -$88M | -$87M | |
| Income before tax | $2.5B | $2.94B | $1.86B | $2.94B | $2.97B | $3.24B | $3.98B | $3.32B | $3.68B | $3.57B | $4.21B | $3.24B | |
| Income tax | $516M | $609M | $401M | $611M | $611M | $669M | $807M | $708M | $731M | $748M | $898M | $694M | |
| Net income | $1.99B | $2.33B | $1.46B | $2.33B | $2.36B | $2.57B | $3.18B | $2.62B | $2.95B | $2.82B | $3.31B | $2.54B | |
| EPS (basic) | $3.38 | $3.95 | $2.49 | $3.98 | $4.02 | $4.38 | $5.42 | $4.45 | $5.04 | $4.81 | $5.68 | $4.37 | |
| EPS (diluted) | $3.37 | $3.94 | $2.48 | $3.97 | $4.01 | $4.37 | $5.40 | $4.45 | $5.02 | $4.80 | $5.67 | $4.37 | |
| Shares (basic, weighted) | 585M | 585M | 585M | 586M | 586M | 586M | 586M | 588M | 588M | 586M | 583M | 582M | |
| Shares (diluted, weighted) | 588M | 587M | 587M | 588M | 588M | 588M | 588M | 588M | 588M | 587M | 584M | 582M | |
| Depreciation & amortization | $76.3M | $70M | $68M | $70M | $75.8M | $70M | $79M | $81M | $83M | $75M | $82M | $0 | |
| EBITDA | $2.65B | $3.08B | $2B | $3.08B | $3.11B | $3.38B | $4.13B | $3.47B | $3.83B | $3.71B | $4.38B | $3.32B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.4B | $26.8B | $32B | $39B | $42.6B | $47.7B | $49.6B | $62.1B | $75.3B | $87.6B | |
| Cost of revenue | $18.7B | $20.9B | $24.3B | $28.5B | $28.4B | $37.3B | $42B | $50.3B | $54.4B | $61.8B | |
| Gross profit | $4.67B | $5.88B | $7.66B | $10.5B | $14.2B | $10.3B | $7.55B | $11.8B | $20.9B | $25.8B | |
| General & administrative | $92M | $110M | $134M | $179M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $3.11B | $3.63B | $4.36B | $5.16B | $7.07B | $6.13B | $6.63B | $6.86B | $10.2B | $11.6B | |
| Operating expenses | $3.2B | $3.74B | $4.5B | $5.34B | $7.07B | $6.13B | $6.63B | $6.86B | $10.2B | $11.6B | |
| Operating income | $1.47B | $2.14B | $3.16B | $5.16B | $7.17B | $4.21B | $922M | $4.9B | $10.7B | $14.2B | |
| Interest expense | $141M | $153M | $167M | $190M | $217M | $219M | $244M | $268M | $279M | $278M | |
| Other non-operating income (gains on investments, FX ...) | -$141M | -$153M | -$167M | -$190M | -$217M | -$219M | -$244M | -$268M | -$279M | -$278M | |
| Income before tax | $1.47B | $2.14B | $3.16B | $5.16B | $7.17B | $4.21B | $922M | $4.9B | $10.7B | $14.2B | |
| Income tax | $414M | $541M | $543M | $1.18B | $1.47B | $859M | $200M | $1B | $2.23B | $2.92B | |
| Net income | $1.03B | $1.59B | $2.62B | $3.97B | $5.7B | $3.35B | $722M | $3.9B | $8.48B | $11.3B | |
| EPS (basic) | $1.77 | $2.74 | $4.49 | $6.75 | $9.71 | $5.69 | $1.19 | $6.61 | $14.45 | $19.29 | |
| EPS (diluted) | $1.76 | $2.72 | $4.46 | $6.72 | $9.66 | $5.66 | $1.18 | $6.58 | $14.40 | $19.23 | |
| Shares (basic, weighted) | 582M | 581M | 582M | 584M | 585M | 585M | 584M | 585M | 586M | 586M | |
| Shares (diluted, weighted) | 585M | 586M | 587M | 587M | 588M | 587M | 587M | 588M | 588M | 588M | |
| Depreciation & amortization | $200M | $236M | $262M | $306M | $332M | $337M | $306M | $285M | $284M | $313M | |
| EBITDA | $1.81B | $2.53B | $3.59B | $5.66B | $7.72B | $4.77B | $1.47B | $5.46B | $11.3B | $14.8B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01