Progressive Quarterly Income Statement
NYSE: PGRFinanceProperty-Casualty InsurersUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Progressive revenue and earnings
In the quarter ended Jun 30, 2026, Progressive generated $23.61 billion in revenue, up 7.3% from the same quarter a year earlier. Net income was $3.31 billion (+4.3% year over year), for a net margin of 14.0% versus a median of 12.7% in the prior 5 quarters. Diluted earnings per share came in at $5.67, up from $5.40.
Summary generated from market data by MetaCap's automated system. Methodology
Progressive income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.61B | 22.19B | 22.75B | 22.51B | 22.00B | 20.41B | 20.28B | 19.72B | 18.13B | 17.24B | 16.89B | 15.56B |
| Revenue growth (YoY) | +7.29% | +8.72% | +12.18% | +14.16% | +21.34% | +18.36% | +20.04% | +26.72% | +18.11% | +20.55% | +25.40% | +21.76% |
| Operating Expenses | 19.40B | 18.62B | 19.06B | 19.19B | 18.02B | 17.17B | 17.31B | 16.77B | 16.27B | 14.30B | 14.39B | 14.15B |
| Interest Expense | 88.00M | 70.00M | 69.00M | 70.00M | 69.00M | 70.00M | 70.00M | 70.00M | 69.00M | 70.00M | 69.30M | 69.70M |
| Pretax Income | 4.21B | 3.57B | 3.68B | 3.32B | 3.98B | 3.24B | 2.97B | 2.95B | 1.86B | 2.94B | 2.50B | 1.41B |
| Income Tax | 898.00M | 748.00M | 731.00M | 708.00M | 807.00M | 669.00M | 611.00M | 612.00M | 401.00M | 609.00M | 515.30M | 288.90M |
| Net Income | 3.31B | 2.82B | 2.95B | 2.62B | 3.17B | 2.57B | 2.36B | 2.33B | 1.46B | 2.33B | 1.99B | 1.12B |
| Net Income growth (YoY) | +4.28% | +9.78% | +25.25% | +12.04% | +117.61% | +10.12% | +18.49% | +108.15% | +322.41% | +420.43% | +140.46% | +803.55% |
| EPS (Basic) | 5.68 | 4.81 | 5.03 | 4.46 | 5.42 | 4.38 | 4.03 | 3.98 | 2.49 | 3.95 | 3.39 | 1.90 |
| EPS (Diluted) | 5.67 | 4.80 | 5.01 | 4.45 | 5.40 | 4.37 | 4.01 | 3.97 | 2.48 | 3.94 | 3.37 | 1.89 |
| Shares Outstanding (Basic) | 583.00M | 585.60M | — | 586.50M | 586.20M | 586.00M | — | 585.60M | 585.40M | 585.40M | — | 584.80M |
| Shares Outstanding (Diluted) | 584.20M | 586.90M | — | 588.20M | 587.80M | 587.70M | — | 587.60M | 587.40M | 587.30M | — | 587.50M |
| Net Margin | 14.02% | 12.70% | 12.97% | 11.62% | 14.43% | 12.58% | 11.62% | 11.84% | 8.05% | 13.52% | 11.77% | 7.21% |
This table shows 12 quarterly periods of Progressive's income statement, from Q2 2026 back to Q3 2023, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow PGR's reporting calendar. What is a income statement?