Progress Software (PRGS) FCF Margin (2009 - 2026)
Progress Software (PRGS) posted FCF Margin of 30.37% for fiscal Q2 2026 (quarter ended May 31, 2026), up 17.94 percentage points from 12.43% a year earlier but down 8.34 percentage points from the prior quarter.
Progress Software (PRGS) FCF Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through May 31, 2026, FCF Margin at Progress Software was 30.41%, up 10.79 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 23.47%, down 3.91 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of -7.82 percentage points (FY2020 to FY2025).
- In prior fiscal years, Progress Software's FCF Margin was 27.38% in FY2024 (+3.14 pp), 24.24% in FY2023 (-6.67 pp), 30.91% in FY2022 (-1.82 pp) and 32.73% in FY2021 (+1.44 pp).
- Quarterly FCF Margin has run from a low of 7.80% in fiscal Q4 2024 to a high of 45.12% in fiscal Q2 2022 over five years.
- On a year-over-year basis, FCF Margin has increased in each of the last three quarters, with an average year-over-year change of +0.62 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was fiscal Q2 2026, with a gain of 17.94 percentage points; the weakest was fiscal Q2 2025, with a drop of 23.40 percentage points.
- According to Business Quant data, FCF Margin for the three prior fiscal quarters was 38.71% (Q1 2026), 23.72% (Q4 2025) and 28.98% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 27.28% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | -0.11% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 28.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 47.16% |
| 10 | Progress Software | 1.63 Bn | 1.22 Bn | 208.59 Mn | 30.37% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 30.37% |
| Feb 28, 2026 | 38.71% |
| Nov 30, 2025 | 23.72% |
| Aug 31, 2025 | 28.98% |
| May 31, 2025 | 12.43% |
| Feb 28, 2025 | 28.43% |
| Nov 30, 2024 | 7.80% |
| Aug 31, 2024 | 31.67% |
| May 31, 2024 | 35.83% |
| Feb 29, 2024 | 38.01% |
| Nov 30, 2023 | 17.39% |
| Aug 31, 2023 | 25.62% |
| May 31, 2023 | 26.01% |
| Feb 28, 2023 | 28.24% |
| Nov 30, 2022 | 23.63% |
| Aug 31, 2022 | 25.50% |
| May 31, 2022 | 45.12% |
| Feb 28, 2022 | 29.85% |
| Nov 30, 2021 | 29.98% |
| Aug 31, 2021 | 23.47% |
Progress Software FCF Margin 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=fcf-margin&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "PRGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();