Progress Software (PRGS) Operating Margin (2009 - 2026)
Progress Software (PRGS) recorded Operating Margin of 17.83% in fiscal Q2 2026 (quarter ended May 31, 2026), up 1.56 percentage points from 16.27% a year earlier but down 0.92 percentage points from the prior quarter.
Progress Software (PRGS) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Progress Software's Operating Margin came in at 17.33% as of May 31, 2026, up 2.03 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 15.68%, down 0.78 percentage points from FY2024.
- Annual Operating Margin has a five-year change of -8.69 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Operating Margin came in at 16.46% in FY2024 (+0.54 pp), 15.92% in FY2023 (-6.03 pp), 21.95% in FY2022 (+0.10 pp) and 21.85% in FY2021 (-2.51 pp).
- Quarterly Operating Margin has ranged from 10.00% in fiscal Q4 2024 to 31.24% in fiscal Q3 2021 over the past five years.
- On a year-over-year basis, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +0.67 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 8.86 percentage points in fiscal Q2 2022, against a drop of 14.13 percentage points in fiscal Q2 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 18.75% (Q1 2026), 15.19% (Q4 2025) and 17.56% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 5.04% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 33.66% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | -17.00% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 0.49% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 5.17% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 13.29% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 9.66% |
| 10 | Progress Software | 1.63 Bn | 1.22 Bn | 208.59 Mn | 17.83% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 17.83% |
| Feb 28, 2026 | 18.75% |
| Nov 30, 2025 | 15.19% |
| Aug 31, 2025 | 17.56% |
| May 31, 2025 | 16.27% |
| Feb 28, 2025 | 13.62% |
| Nov 30, 2024 | 10.00% |
| Aug 31, 2024 | 22.58% |
| May 31, 2024 | 15.51% |
| Feb 29, 2024 | 18.95% |
| Nov 30, 2023 | 12.73% |
| Aug 31, 2023 | 16.78% |
| May 31, 2023 | 12.92% |
| Feb 28, 2023 | 21.67% |
| Nov 30, 2022 | 19.37% |
| Aug 31, 2022 | 21.18% |
| May 31, 2022 | 27.05% |
| Feb 28, 2022 | 20.31% |
| Nov 30, 2021 | 14.53% |
| Aug 31, 2021 | 31.24% |
Progress Software Operating 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=operating-margin&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();