Progressive (PGR) Operating Expenses (2009 - 2026)

Progressive has disclosed Operating Expenses across 18 years of filings, most recently posting $18.6 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 8.44% year-over-year to $18.6 billion; the TTM figure through Mar 2026 stood at -$16.5 billion (down 116.85% YoY), while the FY2025 annual figure was $34.0 million, down 99.95% from the prior year.
• Operating Expenses improved to $18.6 billion in Q1 2026, from -$54.4 billion in the prior quarter.
• Over the last five years, Operating Expenses for PGR reached as high as $64.6 billion in Q4 2024 and fell as low as -$54.4 billion in Q4 2025.
• The 5-year median for Operating Expenses is $14.2 billion (2023), against an average of $12.1 billion.
• Annual changes were most pronounced in 2023 — Operating Expenses surged 866357.58% — and 2025, when it tumbled 184.08%.
• A 5-year view of Operating Expenses shows it stood at $6.6 million in 2022, then surged by 866357.58% to $57.2 billion in 2023, then grew by 13.03% to $64.6 billion in 2024, then plunged by 184.08% to -$54.4 billion in 2025, then jumped by 134.26% to $18.6 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $18.6 billion, -$54.4 billion, and $19.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.