Progressive (PGR) Operating Expenses (2009 - 2026)
Progressive's (PGR) quarterly Operating Expenses came in at $19.4 billion in Q2 2026, up 7.65% year-over-year from $18.0 billion in Q2 2025, and up 4.18% quarter-over-quarter from $18.6 billion in Q1 2026.
Progressive (PGR) Operating Expenses (2009 - 2026) Analysis & Trends
Progressive (PGR) has reported Operating Expenses for 18 consecutive years, with $19.4 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 7.65% year-over-year to $19.4 billion in Q2 2026; TTM through Jun 2026 was $76.3 billion, a 10.1% increase from a year earlier, with the FY2025 full-year figure at $73.4 billion, up 13.59% from the prior year.
- Operating Expenses was $19.4 billion for Q2 2026 at Progressive, up from $18.6 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $19.4 billion in Q2 2026 and troughed at $11.5 billion in Q1 2022.
- A 5-year average of $15.7 billion and a median of $15.6 billion in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses climbed 22.73% in 2023 and increased 4.03% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $12.4 billion in 2022, then gained by 15.61% to $14.4 billion in 2023, then grew by 20.3% to $17.3 billion in 2024, then increased by 10.14% to $19.1 billion in 2025, then grew by 1.76% to $19.4 billion in 2026.
- The last three Operating Expenses figures came in at $19.4 billion (Q2 2026), $18.6 billion (Q1 2026), and $19.1 billion (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,085.11 Bn | 760.40 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 129.51 Bn | 121.21 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 120.30 Bn | 115.30 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Marsh & Mclennan Companies | 81.24 Bn | 69.29 Bn | 6.04 Bn | 5.51 Bn |
| 5 | Travelers Companies | 75.54 Bn | 51.79 Bn | 6.23 Bn | 9.39 Bn |
| 6 | Manulife Financial | 75.22 Bn | 76.43 Bn | - | -208.93 Mn |
| 7 | Metlife | 61.21 Bn | 34.19 Bn | 7.82 Bn | 18.12 Bn |
| 8 | Aon | 60.67 Bn | 59.43 Bn | - | 3.33 Bn |
| 9 | Arthur J. Gallagher | 59.09 Bn | 57.73 Bn | - | 3.59 Bn |
| 10 | Allstate | 58.28 Bn | 19.52 Bn | 16.28 Bn | 14.45 Bn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.40 Bn |
| Mar 31, 2026 | 18.62 Bn |
| Dec 31, 2025 | 19.06 Bn |
| Sep 30, 2025 | 19.19 Bn |
| Jun 30, 2025 | 18.02 Bn |
| Mar 31, 2025 | 17.17 Bn |
| Dec 31, 2024 | 17.31 Bn |
| Sep 30, 2024 | 16.77 Bn |
| Jun 30, 2024 | 16.27 Bn |
| Mar 31, 2024 | 14.30 Bn |
| Dec 31, 2023 | 14.39 Bn |
| Sep 30, 2023 | 14.15 Bn |
| Jun 30, 2023 | 14.92 Bn |
| Mar 31, 2023 | 13.75 Bn |
| Dec 31, 2022 | 12.44 Bn |
| Sep 30, 2022 | 12.64 Bn |
| Jun 30, 2022 | 12.16 Bn |
| Mar 31, 2022 | 11.45 Bn |
| Dec 31, 2021 | 11.29 Bn |
| Sep 30, 2021 | 11.72 Bn |
Progressive Operating Expenses 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=operating-expenses&ticker=PGR&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=PGR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();