Progressive (PGR) Cost of Revenue (2023 - 2026)
Progressive's (PGR) quarterly Cost of Revenue came in at $14.6 billion in Q2 2026, up 7.11% year-over-year from $13.6 billion in Q2 2025, and up 5.39% quarter-over-quarter from $13.8 billion in Q1 2026.
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Analysis
Progressive (PGR) Cost of Revenue (2023 - 2026) Analysis & Trends
Progressive (PGR) has reported Cost of Revenue for 4 consecutive years, with $14.6 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 7.11% year-over-year to $14.6 billion in Q2 2026; TTM through Jun 2026 was $55.9 billion, a 7.8% increase from a year earlier, with the FY2025 full-year figure at $54.0 billion, up 9.99% from the prior year.
- Cost of Revenue was $14.6 billion for Q2 2026 at Progressive, up from $13.8 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $14.6 billion in Q2 2026 and troughed at $11.0 billion in Q1 2024.
- A 4-year average of $12.8 billion and a median of $12.8 billion in 2025 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue climbed 3.49% in 2024 and grew 16.7% in 2025, its largest moves.
- Over 4 years, Cost of Revenue stood at $11.5 billion in 2023, then increased by 13.16% to $13.0 billion in 2024, then gained by 8.64% to $14.1 billion in 2025, then rose by 3.31% to $14.6 billion in 2026.
- The last three Cost of Revenue figures came in at $14.6 billion (Q2 2026), $13.8 billion (Q1 2026), and $14.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,085.11 Bn | 760.40 Bn | 55.86 Bn | 45.95 Bn |
| 2 | Chubb | 129.51 Bn | 121.21 Bn | 9.13 Bn | 6.69 Bn |
| 3 | Progressive | 120.30 Bn | 115.30 Bn | 9.04 Bn | 14.57 Bn |
| 4 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | 1.36 Bn |
| 5 | Travelers Companies | 75.54 Bn | 51.79 Bn | 6.23 Bn | 5.92 Bn |
| 6 | Manulife Financial | 75.22 Bn | 76.43 Bn | - | - |
| 7 | Metlife | 61.21 Bn | 34.19 Bn | 7.82 Bn | 11.34 Bn |
| 8 | Aon | 60.67 Bn | 59.43 Bn | - | - |
| 9 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | - |
| 10 | Allstate | 58.28 Bn | 19.52 Bn | 16.28 Bn | 2.32 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.57 Bn |
| Mar 31, 2026 | 13.83 Bn |
| Dec 31, 2025 | 14.11 Bn |
| Sep 30, 2025 | 13.45 Bn |
| Jun 30, 2025 | 13.61 Bn |
| Mar 31, 2025 | 12.80 Bn |
| Dec 31, 2024 | 12.98 Bn |
| Sep 30, 2024 | 12.51 Bn |
| Jun 30, 2024 | 12.60 Bn |
| Mar 31, 2024 | 10.97 Bn |
| Dec 31, 2023 | 11.47 Bn |
| Sep 30, 2023 | 11.39 Bn |
| Jun 30, 2023 | 12.17 Bn |
API Access
Progressive Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "PGR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();