Progressive (PGR) Net Margin (2009 - 2026)

Progressive has reported Net Margin for 18 years, with the latest figure at 14.02% in Q2 2026.

• Net Margin for Q2 2026 came in at 14.02%, down 40.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 12.84% (up 18.0% YoY), and the FY2025 annual result was 12.9%, up 167.0% from the prior year.
• Net Margin rose to 14.02% in Q2 2026, from 12.7% in the prior quarter.
• Over five years, Net Margin peaked at 14.43% in Q2 2025 and troughed at 4.77% in Q2 2022.
• A 5-year average of 8.45% and a median of 11.62% in 2025 frame the typical range for Net Margin.
• The widest annual swing landed in 2022, when Net Margin sank 1135 bps; it then surged 1034 bps in 2024.
• A 5-year view of Net Margin shows it stood at 6.09% in 2022, then soared by 92 bps to 11.71% in 2023, then dropped by 1 bps to 11.62% in 2024, then gained by 12 bps to 12.97% in 2025, then advanced by 8 bps to 14.02% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 14.02% in Q2 2026, 12.7% in Q1 2026, and 12.97% in Q4 2025.