Progressive (PGR)
Writes auto, property and small-business insurance through direct and independent-agent channels.
$206.94
After hours+0.02 (+0.01%)
At close$206.92(−2.51%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15,553 | 16,884 | 17,237 | 18,127 | 19,712 | 20,267 | 20,402 | 21,995 | 22,512 | 22,738 | 22,180 | 23,617 |
| Cost of revenue | 12,561 | 12,695 | 12,204 | 13,903 | 13,901 | 14,436 | 14,260 | 15,116 | 18,965 | 16,081 | 13,827 | 17,677 |
| Gross profit | 2,992 | 4,189 | 5,033 | 4,224 | 5,811 | 5,832 | 6,142 | 6,879 | 3,547 | 6,657 | 8,353 | 5,940 |
| 1,582 | 1,685 | 2,093 | 2,364 | 2,867 | 2,864 | 2,906 | 2,897 | 224 | 2,975 | 4,787 | 1,731 | |
| Other expenses | 1,582 | 1,685 | 2,093 | 2,364 | 2,867 | 2,864 | 2,906 | 2,897 | 224 | 2,975 | 4,787 | 1,731 |
| Operating income | 1,410 | 2,503 | 2,940 | 1,860 | 2,945 | 2,968 | 3,236 | 3,982 | 3,323 | 3,682 | 3,566 | 4,209 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest expense | 70 | 70 | 70 | 69 | 70 | 70 | 70 | 69 | 70 | 69 | 70 | 88 |
| Other non-operating income | −70 | −70 | −70 | −69 | −70 | −70 | −70 | −69 | −70 | −69 | −70 | −88 |
| Income before tax | 1,410 | 2,503 | 2,940 | 1,860 | 2,945 | 2,968 | 3,236 | 3,982 | 3,323 | 3,682 | 3,566 | 4,209 |
| Income tax expense | 289 | 516 | 609 | 401 | 611 | 611 | 669 | 807 | 708 | 731 | 748 | 898 |
| Net income from continuing operations | 1,121 | 1,988 | 2,331 | 1,459 | 2,333 | 2,357 | 2,567 | 3,175 | 2,615 | 2,951 | 2,818 | 3,311 |
| Net income | 1,121 | 1,988 | 2,331 | 1,459 | 2,333 | 2,357 | 2,567 | 3,175 | 2,615 | 2,951 | 2,818 | 3,311 |
| EPS, basic | $1.90 | $3.38 | $3.95 | $2.49 | $3.98 | $4.02 | $4.38 | $5.42 | $4.45 | $5.04 | $4.81 | $5.68 |
| EPS, diluted | $1.89 | $3.37 | $3.94 | $2.48 | $3.97 | $4.01 | $4.37 | $5.40 | $4.45 | $5.02 | $4.80 | $5.67 |
| Weighted average shares, basic | 585 | 585 | 585 | 585 | 586 | 586 | 586 | 586 | 588 | 588 | 586 | 583 |
| Weighted average shares, diluted | 588 | 588 | 587 | 587 | 588 | 588 | 588 | 588 | 588 | 588 | 587 | 584 |
| EBITDA | 1,551 | 2,649 | 3,080 | 1,997 | 3,085 | 3,114 | 3,376 | 4,130 | 3,474 | 3,834 | 3,711 | 4,376 |
| Depreciation & amortization | 71 | 76 | 70 | 68 | 70 | 76 | 70 | 79 | 81 | 83 | 75 | 79 |
| EBIT | 1,480 | 2,573 | 3,010 | 1,929 | 3,015 | 3,038 | 3,306 | 4,051 | 3,393 | 3,751 | 3,636 | 4,297 |