Progress Software (PRGS) Gross Margin (2009 - 2026)
Progress Software (PRGS) recorded Gross Margin of 82.30% in fiscal Q2 2026 (quarter ended May 31, 2026), up 2.22 percentage points from 80.08% a year earlier and unchanged from the prior quarter.
Progress Software (PRGS) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Progress Software's Gross Margin came in at 81.79% as of May 31, 2026, up 0.10 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 80.82%, down 1.86 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -5.14 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Gross Margin came in at 82.68% in FY2024 (+0.91 pp), 81.77% in FY2023 (-2.53 pp), 84.30% in FY2022 (-0.93 pp) and 85.23% in FY2021 (-0.72 pp).
- Quarterly Gross Margin has ranged from 80.08% in fiscal Q2 2025 to 86.39% in fiscal Q3 2021 over the past five years.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of +0.13 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 2.55 percentage points in fiscal Q3 2024, against a drop of 4.05 percentage points in fiscal Q4 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 82.30% (Q1 2026), 81.59% (Q4 2025) and 80.97% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 80.24% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 67.02% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 78.59% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 60.42% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 79.63% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 0.03% |
| 10 | Progress Software | 1.63 Bn | 1.22 Bn | 208.59 Mn | 82.30% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 82.30% |
| Feb 28, 2026 | 82.30% |
| Nov 30, 2025 | 81.59% |
| Aug 31, 2025 | 80.97% |
| May 31, 2025 | 80.08% |
| Feb 28, 2025 | 80.58% |
| Nov 30, 2024 | 83.00% |
| Aug 31, 2024 | 83.73% |
| May 31, 2024 | 81.68% |
| Feb 29, 2024 | 82.24% |
| Nov 30, 2023 | 80.98% |
| Aug 31, 2023 | 81.19% |
| May 31, 2023 | 81.05% |
| Feb 28, 2023 | 84.04% |
| Nov 30, 2022 | 85.02% |
| Aug 31, 2022 | 84.26% |
| May 31, 2022 | 83.89% |
| Feb 28, 2022 | 83.98% |
| Nov 30, 2021 | 84.96% |
| Aug 31, 2021 | 86.39% |
Progress Software Gross 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=gross-margin&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();