Progress Software (PRGS) Operating Expenses (2009 - 2026)
Progress Software (PRGS) posted Operating Expenses of $163.39 million for fiscal Q2 2026 (quarter ended May 31, 2026), up 7.9% from $151.45 million a year earlier and up 3.8% from the prior quarter.
Progress Software (PRGS) Operating Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through May 31, 2026, Operating Expenses at Progress Software was $647.01 million, up 12.1% year-over-year; for FY2025 (ended Nov 30, 2025), it was $636.96 million, up 27.7% from FY2024.
- Annual Operating Expenses has increased for five consecutive fiscal years, with a five-year compound annual growth rate of 18.5% (FY2020 to FY2025).
- In prior fiscal years, Progress Software's Operating Expenses was $498.92 million in FY2024 (+9.1%), $457.34 million in FY2023 (+21.8%), $375.39 million in FY2022 (+11.5%) and $336.76 million in FY2021 (+23.7%).
- Quarterly Operating Expenses has run from a low of $81.3 million in fiscal Q3 2021 to a high of $167.77 million in fiscal Q4 2025 over five years.
- On a year-over-year basis, Operating Expenses increased in six of the last eight quarters, with growth averaging 19.1%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was fiscal Q3 2025, with growth of 44.9%; the weakest was fiscal Q2 2024, with a decline of 4.6%.
- According to Business Quant data, Operating Expenses for the three prior fiscal quarters was $157.47 million (Q1 2026), $167.77 million (Q4 2025) and $158.39 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 2.13 Bn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 1.30 Bn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 875.89 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 499.67 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 534.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 4.17 Bn |
| 10 | Progress Software | 1.63 Bn | 1.22 Bn | 208.59 Mn | 163.39 Mn |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 163.39 Mn |
| Feb 28, 2026 | 157.47 Mn |
| Nov 30, 2025 | 167.77 Mn |
| Aug 31, 2025 | 158.39 Mn |
| May 31, 2025 | 151.45 Mn |
| Feb 28, 2025 | 159.36 Mn |
| Nov 30, 2024 | 156.92 Mn |
| Aug 31, 2024 | 109.27 Mn |
| May 31, 2024 | 115.86 Mn |
| Feb 29, 2024 | 116.87 Mn |
| Nov 30, 2023 | 120.77 Mn |
| Aug 31, 2023 | 112.70 Mn |
| May 31, 2023 | 121.45 Mn |
| Feb 28, 2023 | 102.42 Mn |
| Nov 30, 2022 | 103.15 Mn |
| Aug 31, 2022 | 95.40 Mn |
| May 31, 2022 | 84.56 Mn |
| Feb 28, 2022 | 92.28 Mn |
| Nov 30, 2021 | 98.69 Mn |
| Aug 31, 2021 | 81.30 Mn |
Progress Software Operating 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=operating-expenses&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-expenses&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();