Progressive (PGR) EBITDA Margin (2012 - 2026)
Progressive's EBITDA Margin was 18.55% in Q2 2026, down 0.22 percentage points from 18.77% a year earlier but up 1.82 percentage points from the prior quarter.
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Analysis
Progressive (PGR) EBITDA Margin (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Progressive's EBITDA Margin was 16.91% through Jun 30, 2026, up 0.28 percentage points year-over-year; for FY2025, it came in at 16.90%, up 1.94 percentage points from FY2024.
- EBITDA Margin has now increased for three consecutive years, though with a five-year change of -1.20 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 14.96% in FY2024 (+6.15 pp), 8.81% in FY2023 (+5.78 pp), 3.03% in FY2022 (-6.96 pp) and 9.99% in FY2021 (-8.11 pp).
- Quarterly EBITDA Margin has moved between -4.24% (Q2 2022) and 18.77% (Q2 2025) over five years.
- Compared with a year earlier, EBITDA Margin was higher in four of the last eight quarters, with an average year-over-year change of +1.63 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q1 2024 (a gain of 13.03 percentage points); the worst was Q3 2021 (a drop of 16.48 percentage points).
- Per Business Quant data, PGR's EBITDA Margin in the three quarters before Q2 2026 was 16.73% (Q1 2026), 16.86% (Q4 2025) and 15.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.29 Bn | 85.93 Bn | 8.67 Bn | - |
| 2 | Progressive | 132.20 Bn | 107.72 Bn | 8.29 Bn | 14.75% |
| 3 | Marsh & Mclennan Companies | 96.60 Bn | 88.76 Bn | - | 21.07% |
| 4 | Travelers Companies | 82.11 Bn | 59.60 Bn | 5.93 Bn | 36.39% |
| 5 | Manulife Financial | 75.43 Bn | 8.45 Bn | - | - |
| 6 | Arthur J. Gallagher | 71.09 Bn | 65.68 Bn | - | 26.01% |
| 7 | Aon | 70.49 Bn | 49.69 Bn | - | 25.19% |
| 8 | Metlife | 65.52 Bn | -41.26 Bn | 7.82 Bn | - |
| 9 | Allstate | 64.49 Bn | 24.33 Bn | 7.41 Bn | 16.11% |
| 10 | Aflac | 62.39 Bn | 38.74 Bn | 1.87 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.75% |
| Jun 30, 2026 | 18.55% |
| Mar 31, 2026 | 16.73% |
| Dec 31, 2025 | 16.86% |
| Sep 30, 2025 | 15.43% |
| Jun 30, 2025 | 18.77% |
| Mar 31, 2025 | 16.54% |
| Dec 31, 2024 | 15.35% |
| Sep 30, 2024 | 15.65% |
| Jun 30, 2024 | 11.01% |
| Mar 31, 2024 | 17.86% |
| Dec 31, 2023 | 15.68% |
| Sep 30, 2023 | 9.99% |
| Jun 30, 2023 | 3.76% |
| Mar 31, 2023 | 4.83% |
| Dec 31, 2022 | 8.71% |
| Sep 30, 2022 | 2.26% |
| Jun 30, 2022 | -4.24% |
| Mar 31, 2022 | 4.48% |
| Dec 31, 2021 | 10.77% |
API Access
Progressive EBITDA Margin 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=ebitda-margin&ticker=PGR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();