Progress Software Quarterly Income Statement
NASDAQ: PRGSTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Progress Software revenue and earnings
In the quarter ended Aug 31, 2026, Progress Software generated $246.0 million in revenue, down 1.5% from the same quarter a year earlier. Net income was $22.8 million (+17.3% year over year), for a net margin of 9.3% versus a median of 8.3% in the prior 5 quarters. Gross margin was 82.7% (up from 81.0%) and operating margin 18.9%.
Diluted earnings per share came in at $0.55, up from $0.44.
Summary generated from market data by MetaCap's automated system. Methodology
Progress Software income statement (quarterly)
| Quarter (USD) | Q3 20262026-08-31 | Q2 20262026-05-31 | Q1 20262026-02-28 | Q4 20252025-11-30 | Q3 20252025-08-31 | Q2 20252025-05-31 | Q1 20252025-02-28 | Q4 20242024-11-30 | Q3 20242024-08-31 | Q2 20242024-05-31 | Q1 20242024-02-29 | Q4 20232023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 246.00M | 253.47M | 247.80M | 252.67M | 249.79M | 237.35M | 238.01M | 214.96M | 178.69M | 175.08M | 184.69M | 176.97M |
| Revenue growth (YoY) | -1.52% | +6.79% | +4.11% | +17.54% | +39.80% | +35.57% | +28.88% | +21.47% | +2.11% | -1.78% | +12.46% | +12.63% |
| Cost of Revenue | 42.47M | 44.87M | 43.86M | 46.53M | 47.54M | 47.29M | 46.23M | 36.54M | 29.06M | 32.07M | 32.81M | 33.66M |
| Gross Profit | 203.54M | 208.59M | 203.94M | 206.14M | 202.26M | 190.07M | 191.78M | 178.42M | 149.62M | 143.01M | 151.88M | 143.31M |
| Operating Expenses | 156.99M | 163.39M | 157.47M | 167.77M | 158.38M | 151.45M | 159.36M | 156.92M | 109.27M | 115.86M | 116.87M | 120.77M |
| Research & Development | 46.05M | 48.84M | 50.47M | 49.89M | 49.43M | 46.57M | 46.38M | 41.20M | 34.72M | 35.44M | 34.99M | 34.01M |
| Selling, General & Admin | 77.24M | 86.58M | 78.50M | 86.84M | 80.16M | 75.31M | 76.92M | 76.12M | 57.64M | 59.87M | 60.45M | 65.67M |
| Operating Income | 46.55M | 45.20M | 46.47M | 38.37M | 43.87M | 38.62M | 32.43M | 21.50M | 40.35M | 27.15M | 35.01M | 22.54M |
| Interest Expense | 16.91M | 15.91M | 15.25M | 16.55M | 17.74M | 18.14M | 18.43M | 10.90M | 6.76M | 7.01M | 7.34M | 7.89M |
| Other Income (Expense) | -17.02M | -16.36M | -16.17M | -16.12M | -17.67M | -18.75M | -19.12M | -9.25M | -6.07M | -7.02M | -7.40M | -8.37M |
| Pretax Income | 29.53M | 28.84M | 30.29M | 22.26M | 26.21M | 19.86M | 13.30M | 12.25M | 34.28M | 20.13M | 27.61M | 14.17M |
| Income Tax | 6.76M | 7.77M | 7.48M | -3.49M | 6.79M | 2.83M | 2.36M | 11.10M | 5.82M | 3.94M | 4.97M | -1.16M |
| Net Income | 22.78M | 21.07M | 22.81M | 25.75M | 19.41M | 17.03M | 10.95M | 1.15M | 28.46M | 16.19M | 22.64M | 15.34M |
| Net Income growth (YoY) | +17.32% | +23.75% | +108.41% | +2144.55% | -31.80% | +5.20% | -51.65% | -92.52% | +49.04% | +33.90% | -4.37% | -35.32% |
| EPS (Basic) | 0.55 | 0.50 | 0.54 | 0.60 | 0.45 | 0.40 | 0.25 | 0.03 | 0.66 | 0.37 | 0.52 | 0.35 |
| EPS (Diluted) | 0.55 | 0.50 | 0.53 | 0.59 | 0.44 | 0.39 | 0.24 | 0.01 | 0.65 | 0.37 | 0.51 | 0.35 |
| Shares Outstanding (Basic) | 41.06M | 41.90M | 42.16M | — | 42.99M | 43.05M | 43.26M | — | 42.87M | 43.21M | 43.80M | — |
| Shares Outstanding (Diluted) | 41.48M | 42.31M | 42.73M | — | 43.72M | 44.16M | 44.89M | — | 43.71M | 43.96M | 44.83M | — |
| EBITDA | 47.86M | 46.96M | 47.96M | 39.85M | 45.41M | 40.21M | 34.05M | 23.12M | 41.98M | 28.73M | 36.59M | 24.19M |
| Gross Margin | 82.74% | 82.30% | 82.30% | 81.59% | 80.97% | 80.08% | 80.58% | 83.00% | 83.73% | 81.68% | 82.24% | 80.98% |
| Operating Margin | 18.92% | 17.83% | 18.75% | 15.19% | 17.56% | 16.27% | 13.62% | 10.00% | 22.58% | 15.51% | 18.95% | 12.73% |
| Net Margin | 9.26% | 8.31% | 9.21% | 10.19% | 7.77% | 7.17% | 4.60% | 53.00% | 15.93% | 9.25% | 12.26% | 8.67% |
This table shows 12 quarterly periods of Progress Software's income statement, from Q3 2026 back to Q4 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PRGS's reporting calendar. What is a income statement?