Progress Software (PRGS) Net Margin (2009 - 2026)
Progress Software's Net Margin came in at 8.31% for fiscal Q2 2026 (quarter ended May 31, 2026), up 1.14 percentage points from 7.17% a year earlier but down 0.89 percentage points from the prior quarter.
Progress Software (PRGS) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to May 31, 2026, Progress Software reported Net Margin of 8.87%, up 2.24 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 7.48%, down 1.60 percentage points from FY2024.
- Net Margin has declined in each of the last three fiscal years, with a five-year change of -10.55 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Net Margin was 9.08% in FY2024 (-1.02 pp), 10.11% in FY2023 (-5.68 pp), 15.79% in FY2022 (+1.03 pp) and 14.76% in FY2021 (-3.27 pp).
- The five-year range for quarterly Net Margin is 0.53% (fiscal Q4 2024) to 21.01% (fiscal Q3 2021).
- Year-over-year, Net Margin has increased for three consecutive quarters, with an average year-over-year change of -0.70 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q4 2025 (a gain of 9.66 percentage points), and the weakest in fiscal Q2 2023 (a drop of 12.79 percentage points).
- Business Quant data shows PRGS's Net Margin at 9.21% (Q1 2026), 10.19% (Q4 2025) and 7.77% (Q3 2025) in the three fiscal quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 29.61% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 3.97% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 3.25% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 14.41% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 7.38% |
| 10 | Progress Software | 1.63 Bn | 1.22 Bn | 208.59 Mn | 8.31% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 8.31% |
| Feb 28, 2026 | 9.21% |
| Nov 30, 2025 | 10.19% |
| Aug 31, 2025 | 7.77% |
| May 31, 2025 | 7.17% |
| Feb 28, 2025 | 4.60% |
| Nov 30, 2024 | 0.53% |
| Aug 31, 2024 | 15.93% |
| May 31, 2024 | 9.25% |
| Feb 29, 2024 | 12.26% |
| Nov 30, 2023 | 8.67% |
| Aug 31, 2023 | 10.91% |
| May 31, 2023 | 6.78% |
| Feb 28, 2023 | 14.42% |
| Nov 30, 2022 | 15.09% |
| Aug 31, 2022 | 14.41% |
| May 31, 2022 | 19.57% |
| Feb 28, 2022 | 14.11% |
| Nov 30, 2021 | 10.65% |
| Aug 31, 2021 | 21.01% |
Progress Software Net 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=net-margin&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();