Progress Software (PRGS) Operating Leases (2020 - 2026)
Progress Software's Operating Leases came in at $26.47 million for fiscal Q2 2026 (quarter ended May 31, 2026), up 17.4% from $22.55 million a year earlier and up 4.6% from the prior quarter.
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Analysis
Progress Software (PRGS) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025 (ended Nov 30, 2025), Progress Software's Operating Leases was $21.08 million, down 19.7% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of -4.8% (FY2020 to FY2025).
- Going back by fiscal year, Operating Leases was $26.26 million in FY2024 (+102.0%), $13 million in FY2023 (-13.6%), $15.04 million in FY2022 (-35.0%) and $23.13 million in FY2021 (-14.2%).
- The fiscal Q2 2026 figure represents the highest quarterly Operating Leases since fiscal Q2 2021.
- Year-over-year, Operating Leases increased in six of the last eight quarters, with growth averaging 58.5%.
- The fastest year-over-year change in Operating Leases over five years came in fiscal Q3 2025 (growth of 164.1%), and the weakest in fiscal Q2 2024 (a decline of 43.5%).
- Business Quant data shows PRGS's Operating Leases at $25.31 million (Q1 2026), $21.08 million (Q4 2025) and $22.71 million (Q3 2025) in the three fiscal quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn |
| 10 | Progress Software | 1.63 Bn | 1.22 Bn | 208.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 26.47 Mn |
| Feb 28, 2026 | 25.31 Mn |
| Nov 30, 2025 | 21.08 Mn |
| Aug 31, 2025 | 22.71 Mn |
| May 31, 2025 | 22.55 Mn |
| Feb 28, 2025 | 24.26 Mn |
| Nov 30, 2024 | 26.26 Mn |
| Aug 31, 2024 | 8.60 Mn |
| May 31, 2024 | 9.97 Mn |
| Feb 29, 2024 | 11.21 Mn |
| Nov 30, 2023 | 13.00 Mn |
| Aug 31, 2023 | 15.09 Mn |
| May 31, 2023 | 17.65 Mn |
| Feb 28, 2023 | 17.34 Mn |
| Nov 30, 2022 | 15.04 Mn |
| Aug 31, 2022 | 16.66 Mn |
| May 31, 2022 | 18.97 Mn |
| Feb 28, 2022 | 21.23 Mn |
| Nov 30, 2021 | 23.13 Mn |
| Aug 31, 2021 | 24.01 Mn |
API Access
Progress Software Operating Leases 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-leases&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();