Progress Software (PRGS) Interest Expenses (2014 - 2026)
Progress Software (PRGS) recorded Interest Expenses of $15.91 million in fiscal Q2 2026 (quarter ended May 31, 2026), down 12.3% from $18.14 million a year earlier but up 4.4% from the prior quarter.
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Analysis
Progress Software (PRGS) Interest Expenses (2014 - 2026) Analysis & Trends
On a TTM basis, Progress Software's Interest Expenses came in at $65.44 million as of May 31, 2026, up 20.7% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at $70.85 million, up 121.3% from FY2024.
- Annual Interest Expenses has increased for three straight fiscal years, with a five-year compound annual growth rate of 47.4% (FY2020 to FY2025).
- Across earlier fiscal years, Interest Expenses came in at $32.01 million in FY2024 (+4.0%), $30.78 million in FY2023 (+94.9%), $15.79 million in FY2022 (-21.2%) and $20.05 million in FY2021 (+97.1%).
- Quarterly Interest Expenses has ranged from $3.66 million in fiscal Q2 2022 to $18.43 million in fiscal Q1 2025 over the past five years.
- On a year-over-year basis, Interest Expenses rose in five of the last eight quarters, with growth averaging 64.0%.
- Peak year-over-year performance for Interest Expenses in the last five years was growth of 182.8% in fiscal Q3 2021, against a decline of 38.4% in fiscal Q3 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $15.25 million (Q1 2026), $16.55 million (Q4 2025) and $17.74 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 6.05 Mn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 3.20 Mn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | 2.08 Mn |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 3.26 Mn |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | -19.00 Mn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 28.10 Mn |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | -89.29 Mn |
| 10 | Progress Software | 1.64 Bn | 1.21 Bn | 203.54 Mn | 16.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 16.91 Mn |
| May 31, 2026 | 15.91 Mn |
| Feb 28, 2026 | 15.25 Mn |
| Nov 30, 2025 | 16.55 Mn |
| Aug 31, 2025 | 17.74 Mn |
| May 31, 2025 | 18.14 Mn |
| Feb 28, 2025 | 18.43 Mn |
| Nov 30, 2024 | 10.90 Mn |
| Aug 31, 2024 | 6.77 Mn |
| May 31, 2024 | 7.01 Mn |
| Feb 29, 2024 | 7.34 Mn |
| Nov 30, 2023 | 7.89 Mn |
| Aug 31, 2023 | 8.53 Mn |
| May 31, 2023 | 8.51 Mn |
| Feb 28, 2023 | 5.85 Mn |
| Nov 30, 2022 | 4.42 Mn |
| Aug 31, 2022 | 4.01 Mn |
| May 31, 2022 | 3.66 Mn |
| Feb 28, 2022 | 3.70 Mn |
| Nov 30, 2021 | 6.42 Mn |
API Access
Progress Software Interest 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=interest-expenses&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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=interest-expenses&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();