Progressive (PGR) Cost of Revenue (2023 - 2026)
Progressive (PGR) posted quarterly Cost of Revenue of $14.6 billion for Q2 2026, up 7.11% year-over-year from $13.6 billion in Q2 2025, and up 5.39% on a QoQ basis from $13.8 billion in Q1 2026.
Progressive (PGR) Cost of Revenue (2023 - 2026) Analysis & Trends
Progressive has reported Cost of Revenue for 4 years, with the latest figure at $14.6 billion in Q2 2026.
- Cost of Revenue for Q2 2026 came in at $14.6 billion, up 7.11% year-over-year; the trailing twelve-month figure through Jun 2026 was $55.9 billion (up 7.8% YoY), and the FY2025 annual result was $54.0 billion, up 9.99% from the prior year.
- Cost of Revenue climbed to $14.6 billion in Q2 2026, 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.
- The widest annual swing landed in 2024, when Cost of Revenue advanced 3.49%; it then climbed 16.7% in 2025.
- A 4-year view of Cost of Revenue shows it stood at $11.5 billion in 2023, then gained by 13.16% to $13.0 billion in 2024, then climbed by 8.64% to $14.1 billion in 2025, then advanced by 3.31% to $14.6 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $14.6 billion in Q2 2026, $13.8 billion in Q1 2026, and $14.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.84 Bn | 121.07 Bn | 9.13 Bn | 6.69 Bn |
| 2 | Progressive | 124.68 Bn | 119.68 Bn | 9.04 Bn | 14.57 Bn |
| 3 | Travelers Companies | 79.28 Bn | 55.53 Bn | 4.83 Bn | 5.92 Bn |
| 4 | Allstate | 68.38 Bn | 29.65 Bn | 16.28 Bn | 2.32 Bn |
| 5 | Fairfax Financial Holdings | 35.41 Bn | 35.41 Bn | - | - |
| 6 | Cincinnati Financial | 26.66 Bn | 24.77 Bn | 2.39 Bn | 1.89 Bn |
| 7 | Loews | 23.24 Bn | 942.02 Mn | 2.57 Bn | 2.17 Bn |
| 8 | Markel | 23.19 Bn | 6.30 Bn | 2.83 Bn | 1.19 Bn |
| 9 | Assurant | 14.09 Bn | 12.06 Bn | 2.71 Bn | 748.30 Mn |
| 10 | Cna Financial | 13.83 Bn | 6.05 Bn | 3.44 Bn | 385.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.57 Bn |
| Jun 30, 2026 | 14.57 Bn |
| Mar 31, 2026 | 13.83 Bn |
| Mar 31, 2026 | 13.83 Bn |
| Dec 31, 2025 | 14.11 Bn |
| Dec 31, 2025 | 14.11 Bn |
| Sep 30, 2025 | 13.45 Bn |
| Sep 30, 2025 | 13.45 Bn |
| Jun 30, 2025 | 13.61 Bn |
| Jun 30, 2025 | 13.61 Bn |
| Mar 31, 2025 | 12.80 Bn |
| Mar 31, 2025 | 12.80 Bn |
| Dec 31, 2024 | 12.98 Bn |
| Dec 31, 2024 | 12.98 Bn |
| Sep 30, 2024 | 12.51 Bn |
| Sep 30, 2024 | 12.51 Bn |
| Jun 30, 2024 | 12.60 Bn |
| Jun 30, 2024 | 12.60 Bn |
| Mar 31, 2024 | 10.97 Bn |
| Mar 31, 2024 | 10.97 Bn |