Progress Software (PRGS) Tax Rate (2009 - 2026)
Progress Software (PRGS) posted quarterly Tax Rate of 26.93% for Q2 2026, up 1266.0% year-over-year from 1.97% in Q2 2025, and up 9.08% quarter-over-quarter from 24.69% in Q1 2026.
Progress Software (PRGS) Tax Rate (2009 - 2026) Analysis & Trends
Progress Software's Tax Rate history runs 18 years deep, the most recent figure standing at 26.93% for Q2 2026.
- In Q2 2026, Tax Rate rose 1266.0% year-over-year to 26.93%; the TTM figure through May 2026 stood at 17.24% (down 1050.0% YoY), while the FY2025 annual figure was 10.41%, down 1699.0% from the prior year.
- Tax Rate for Q2 2026 stood at 26.93%, up from 24.69% in the prior quarter.
- The five-year high for Tax Rate was 90.64% in Q4 2024, with the low at 15.68% in Q4 2025.
- The 5-year median for Tax Rate is 18.79% (2024), against an average of 19.59%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 9884 bps in 2024, then slumped 10631 bps in 2025.
- Progress Software's Tax Rate stood at 11.46% in 2022, then sank by 172 bps to 8.21% in 2023, then soared by 1204 bps to 90.64% in 2024, then plunged by 117 bps to 15.68% in 2025, then jumped by 272 bps to 26.93% in 2026.
- Business Quant data shows PRGS's Tax Rate at 26.93% in Q2 2026, 24.69% in Q1 2026, and 15.68% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 24.84% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 1.42% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -10.34% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -13.46% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 15.97% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -1.22% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 18.14% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -10.99% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 71.11% |
| 10 | Progress Software | 1.81 Bn | 1.70 Bn | 208.59 Mn | 26.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 26.93% |
| May 31, 2026 | 26.93% |
| May 31, 2026 | 26.93% |
| Feb 28, 2026 | 24.69% |
| Feb 28, 2026 | 24.69% |
| Feb 28, 2026 | 24.69% |
| Nov 30, 2025 | -15.68% |
| Nov 30, 2025 | -15.68% |
| Nov 30, 2025 | -15.68% |
| Aug 31, 2025 | 25.92% |
| Aug 31, 2025 | 25.92% |
| Aug 31, 2025 | 25.92% |
| May 31, 2025 | 14.27% |
| May 31, 2025 | 14.27% |
| May 31, 2025 | 14.27% |
| Feb 28, 2025 | 17.71% |
| Feb 28, 2025 | 17.71% |
| Feb 28, 2025 | 17.71% |
| Nov 30, 2024 | 90.64% |
| Nov 30, 2024 | 90.64% |