Progress Software (PRGS) Net Income (2009 - 2026)
Progress Software (PRGS) reported Net Income of $21.07 million for fiscal Q2 2026 (quarter ended May 31, 2026), up 23.7% from $17.03 million a year earlier but down 7.6% from the prior quarter.
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Analysis
Progress Software (PRGS) Net Income (2009 - 2026) Analysis & Trends
Over the twelve months ended May 31, 2026, Progress Software's Net Income came in at $89.04 million, up 54.6% year-over-year; for FY2025 (ended Nov 30, 2025), it was $73.13 million, up 6.9% from FY2024.
- Net Income has a five-year compound annual growth rate of -1.7% (FY2020 to FY2025).
- By fiscal year, Net Income came in at $68.44 million in FY2024 (-2.5%), $70.2 million in FY2023 (-26.2%), $95.07 million in FY2022 (+21.2%) and $78.42 million in FY2021 (-1.6%).
- Five-year quarterly Net Income spans a low of $1.15 million in fiscal Q4 2024 and a high of $30.98 million in fiscal Q3 2021.
- Year over year, Net Income gained in four of the last seven quarters, with growth averaging 1.5%.
- The high point for year-over-year Net Income in five years was fiscal Q2 2022 (growth of 114.7%); the low point was fiscal Q4 2024 (a decline of 92.5%).
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at $22.81 million (Q1 2026), $25.75 million (Q4 2025) and $19.41 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | -282.00 Mn |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 5.31 Mn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 605.20 Mn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | -191.72 Mn |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 44.53 Mn |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 116.00 Mn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 29.43 Mn |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 324.27 Mn |
| 10 | Progress Software | 1.64 Bn | 1.21 Bn | 203.54 Mn | 22.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 22.78 Mn |
| May 31, 2026 | 21.07 Mn |
| Feb 28, 2026 | 22.81 Mn |
| Nov 30, 2025 | 25.75 Mn |
| Aug 31, 2025 | 19.41 Mn |
| May 31, 2025 | 17.03 Mn |
| Feb 28, 2025 | 10.95 Mn |
| Nov 30, 2024 | 1.15 Mn |
| Aug 31, 2024 | 28.46 Mn |
| May 31, 2024 | 16.19 Mn |
| Feb 29, 2024 | 22.64 Mn |
| Nov 30, 2023 | 15.34 Mn |
| Aug 31, 2023 | 19.10 Mn |
| May 31, 2023 | 12.09 Mn |
| Feb 28, 2023 | 23.67 Mn |
| Nov 30, 2022 | 23.71 Mn |
| Aug 31, 2022 | 21.80 Mn |
| May 31, 2022 | 29.11 Mn |
| Feb 28, 2022 | 20.45 Mn |
| Nov 30, 2021 | 14.93 Mn |
API Access
Progress Software Net Income 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=net-income&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();