Progress Software (PRGS) Operating Margin (2009 - 2026)
Progress Software (PRGS) posted Operating Margin of 17.83% for Q2 2026, down 4.89% on a QoQ basis from 18.75% in Q1 2026, and up 156.0% year-over-year from 6.97% in Q2 2025.
Analysis
Progress Software (PRGS) Operating Margin (2009 - 2026) Analysis & Trends
Progress Software has reported Operating Margin for 18 years, with the latest figure at 17.83% in Q2 2026.
- On a quarterly basis, Operating Margin rose 156.0% year-over-year to 17.83% in Q2 2026; TTM through May 2026 was 17.33%, a 203.0% increase from a year earlier, with the FY2025 full-year figure at 15.68%, down 78.0% from the prior year.
- Operating Margin was 17.83% for Q2 2026 at Progress Software, down from 18.75% in the prior quarter.
- The five-year high for Operating Margin was 27.05% in Q2 2022, with the low at 10.0% in Q4 2024.
- Average Operating Margin over 5 years is 17.68%, with a median of 17.7% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Margin surged 886 bps in 2022, then slumped 1413 bps in 2023.
- Over 5 years, Operating Margin stood at 19.37% in 2022, then plunged by 34 bps to 12.73% in 2023, then slipped by 21 bps to 10.0% in 2024, then soared by 52 bps to 15.19% in 2025, then rose by 17 bps to 17.83% in 2026.
- The last three Operating Margin figures came in at 17.83% (Q2 2026), 18.75% (Q1 2026), and 15.19% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unity Software | 18.69 Bn | 16.34 Bn | 434.76 Mn | -5.90% |
| 2 | JFrog | 10.57 Bn | 9.74 Bn | 127.62 Mn | -8.09% |
| 3 | Gitlab | 7.94 Bn | 6.68 Bn | 240.62 Mn | -19.89% |
| 4 | Aurora Mobile | 4.05 Bn | 4.02 Bn | 10.20 Mn | 1.61% |
| 5 | Progress Software | 1.77 Bn | 1.66 Bn | 208.59 Mn | 17.83% |
Historic Data
Download Data
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% |