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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) Operating Margin (2023 - 2026)

Progressive has reported Operating Margin over the past 4 years, most recently at 46.25% for Q1 2026.

  • Quarterly Operating Margin rose 64.0% to 46.25% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 55.34% through Mar 2026, up 14730.0% year-over-year, with the annual reading at 38.41% for FY2025, 8929.0% up from the prior year.
  • Operating Margin was 46.25% for Q1 2026 at Progressive, down from 276.93% in the prior quarter.
  • Over five years, Operating Margin peaked at 276.93% in Q4 2025 and troughed at 410.56% in Q4 2023.
  • The 4-year median for Operating Margin is 56.52% (2024), against an average of 63.45%.
  • The largest YoY upside for Operating Margin was 55976bps in 2025 against a maximum downside of -9305bps in 2025.
  • A 4-year view of Operating Margin shows it stood at 410.56% in 2023, then soared by 31bps to 282.83% in 2024, then soared by 198bps to 276.93% in 2025, then tumbled by -117bps to 46.25% in 2026.
  • Per Business Quant, the three most recent readings for PGR's Operating Margin are 46.25% (Q1 2026), 276.93% (Q4 2025), and 56.53% (Q3 2025).