Progress Software (PRGS) Tax Provisions (2009 - 2026)
Progress Software (PRGS) posted Tax Provisions of $7.77 million for fiscal Q2 2026 (quarter ended May 31, 2026), up 174.0% from $2.84 million a year earlier and up 3.9% from the prior quarter.
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Analysis
Progress Software (PRGS) Tax Provisions (2009 - 2026) Analysis & Trends
For the trailing twelve months through May 31, 2026, Tax Provisions at Progress Software was $18.55 million, down 16.1% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at $8.5 million, down 67.1% from FY2024.
- Annual Tax Provisions shows a five-year compound annual growth rate of -12.9% (FY2020 to FY2025).
- In prior fiscal years, Progress Software's Tax Provisions was $25.83 million in FY2024 (+173.0%), $9.46 million in FY2023 (-57.4%), $22.19 million in FY2022 (+29.6%) and $17.11 million in FY2021 (+1.2%).
- The fiscal Q2 2026 figure stands as the highest quarterly Tax Provisions since fiscal Q4 2024.
- On a year-over-year basis, Tax Provisions increased in four of the last six quarters, with growth averaging 90.2%.
- The strongest year-over-year quarter for Tax Provisions in the past five years was fiscal Q1 2026, with growth of 217.4%; the weakest was fiscal Q3 2023, with a decline of 68.5%.
- According to Business Quant data, Tax Provisions for the three prior fiscal quarters was $7.48 million (Q1 2026), -$3.49 million (Q4 2025) and $6.79 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | 13.00 Mn |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | -1.40 Mn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 115.00 Mn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | 3.43 Mn |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 7.20 Mn |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 10.00 Mn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 3.26 Mn |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 147.00 Mn |
| 10 | Progress Software | 1.64 Bn | 1.21 Bn | 203.54 Mn | 6.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 6.76 Mn |
| 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 |
API Access
Progress Software Tax Provisions 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=tax-provisions&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();