Growth Metrics

Progressive (PGR) Cost of Revenue (2023 - 2025)

Progressive (PGR) has disclosed Cost of Revenue for 3 consecutive years, with $14.1 billion as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 8.64% to $14.1 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $54.0 billion, a 9.99% increase, with the full-year FY2025 number at $54.0 billion, up 9.99% from a year prior.
  • Cost of Revenue was $14.1 billion for Q4 2025 at Progressive, up from $13.4 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $14.1 billion in Q4 2025 to a low of $11.0 billion in Q1 2024.
  • A 3-year average of $12.6 billion and a median of $12.7 billion in 2024 define the central range for Cost of Revenue.
  • Biggest YoY gain for Cost of Revenue was 16.7% in 2025; the steepest drop was 7.47% in 2025.
  • Progressive's Cost of Revenue stood at $11.5 billion in 2023, then grew by 13.16% to $13.0 billion in 2024, then grew by 8.64% to $14.1 billion in 2025.
  • Per Business Quant, the three most recent readings for PGR's Cost of Revenue are $14.1 billion (Q4 2025), $13.4 billion (Q3 2025), and $13.6 billion (Q2 2025).