Progress Software (PRGS) Tax Provisions (2009 - 2026)
Progress Software (PRGS) posted quarterly Tax Provisions of $7.8 million for Q2 2026, up 173.97% year-over-year from $2.8 million in Q2 2025, and up 3.85% quarter-over-quarter from $7.5 million in Q1 2026.
Progress Software (PRGS) Tax Provisions (2009 - 2026) Analysis & Trends
Progress Software's Tax Provisions history runs 18 years deep, the most recent figure standing at $7.8 million for Q2 2026.
- In Q2 2026, Tax Provisions rose 173.97% year-over-year to $7.8 million; the TTM figure through May 2026 stood at $18.6 million (down 16.1% YoY), while the FY2025 annual figure was $8.5 million, down 67.11% from the prior year.
- Tax Provisions for Q2 2026 stood at $7.8 million, up from $7.5 million in the prior quarter.
- The five-year high for Tax Provisions was $11.1 million in Q4 2024, with the low at -$3.5 million in Q4 2025.
- The 5-year median for Tax Provisions is $5.2 million (2022), against an average of $4.5 million.
- The sharpest annual moves came in 2023 and 2024: Tax Provisions slumped 137.91% in 2023, then jumped 1054.69% in 2024.
- Progress Software's Tax Provisions stood at $3.1 million in 2022, then plunged by 137.91% to -$1.2 million in 2023, then surged by 1054.69% to $11.1 million in 2024, then slumped by 131.42% to -$3.5 million in 2025, then soared by 322.61% to $7.8 million in 2026.
- Business Quant data shows PRGS's Tax Provisions at $7.8 million in Q2 2026, $7.5 million in Q1 2026, and -$3.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.94 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 15.38 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -555.00 Mn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 21.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 115.00 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 2.04 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 14.34 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 62.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 214.41 Mn |
| 10 | Progress Software | 1.81 Bn | 1.70 Bn | 208.59 Mn | 7.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 7.77 Mn |
| Feb 28, 2026 | 7.48 Mn |
| Nov 30, 2025 | -3.49 Mn |
| Aug 31, 2025 | 6.79 Mn |
| May 31, 2025 | 2.84 Mn |
| Feb 28, 2025 | 2.36 Mn |
| Nov 30, 2024 | 11.10 Mn |
| Aug 31, 2024 | 5.82 Mn |
| May 31, 2024 | 3.94 Mn |
| Feb 29, 2024 | 4.97 Mn |
| Nov 30, 2023 | -1.16 Mn |
| Aug 31, 2023 | 1.85 Mn |
| May 31, 2023 | 2.52 Mn |
| Feb 28, 2023 | 6.25 Mn |
| Nov 30, 2022 | 3.07 Mn |
| Aug 31, 2022 | 5.89 Mn |
| May 31, 2022 | 7.74 Mn |
| Feb 28, 2022 | 5.50 Mn |
| Nov 30, 2021 | -727,000.00 |
| Aug 31, 2021 | 8.53 Mn |