Progressive (PGR) Cost of Revenue (2023 - 2026)

Progressive has disclosed Cost of Revenue across 4 years of filings, most recently posting $13.8 billion for Q1 2026.

• In Q1 2026, Cost of Revenue rose 7.99% year-over-year to $13.8 billion; the TTM figure through Mar 2026 stood at $55.0 billion (up 8.04% YoY), while the FY2025 annual figure was $54.0 billion, up 9.99% from the prior year.
• Cost of Revenue retreated to $13.8 billion in Q1 2026, from $14.1 billion in the prior quarter.
• Over the last five years, Cost of Revenue for PGR reached as high as $14.1 billion in Q4 2025 and fell as low as $11.0 billion in Q1 2024.
• The 4-year median for Cost of Revenue is $12.7 billion (2024), against an average of $12.7 billion.
• Annual changes were most pronounced in 2024 — Cost of Revenue grew 3.49% — and 2025, when it increased 16.7%.
• A 4-year view of Cost of Revenue shows it stood at $11.5 billion in 2023, then rose by 13.16% to $13.0 billion in 2024, then advanced by 8.64% to $14.1 billion in 2025, then decreased by 1.97% to $13.8 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $13.8 billion, $14.1 billion, and $13.4 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.