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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Progressive (PGR) Net Margin (2016 - 2026)

Progressive has reported Net Margin over the past 18 years, most recently at 12.7% for Q1 2026.

  • Quarterly Net Margin rose 12.0% to 12.7% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 13.43% through Mar 2026, up 220.0% year-over-year, with the annual reading at 12.9% for FY2025, 167.0% up from the prior year.
  • Net Margin was 12.7% for Q1 2026 at Progressive, down from 12.97% in the prior quarter.
  • Over five years, Net Margin peaked at 15.63% in Q2 2025 and troughed at 4.77% in Q2 2022.
  • The 5-year median for Net Margin is 11.62% (2024), against an average of 8.51%.
  • Year-over-year, Net Margin tumbled -1135bps in 2022 and then soared 1125bps in 2024.
  • A 5-year view of Net Margin shows it stood at 6.09% in 2022, then soared by 142bps to 14.71% in 2023, then dropped by -21bps to 11.62% in 2024, then rose by 12bps to 12.97% in 2025, then decreased by -2bps to 12.7% in 2026.
  • Per Business Quant, the three most recent readings for PGR's Net Margin are 12.7% (Q1 2026), 12.97% (Q4 2025), and 12.54% (Q3 2025).