Progress Software (PRGS) Tax Rate (2009 - 2026)
Progress Software (PRGS) posted Tax Rate of 26.93% for fiscal Q2 2026 (quarter ended May 31, 2026), up 12.66 percentage points from 14.27% a year earlier and up 2.24 percentage points from the prior quarter.
Progress Software (PRGS) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through May 31, 2026, Tax Rate at Progress Software was 17.24%, down 10.50 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 10.41%, down 16.99 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -7.09 percentage points (FY2020 to FY2025).
- In prior fiscal years, Progress Software's Tax Rate was 27.40% in FY2024 (+15.52 pp), 11.88% in FY2023 (-7.05 pp), 18.92% in FY2022 (+1.01 pp) and 17.91% in FY2021 (+0.41 pp).
- The fiscal Q2 2026 figure stands as the highest quarterly Tax Rate since fiscal Q4 2024.
- On a year-over-year basis, Tax Rate increased in five of the last eight quarters, with an average year-over-year change of +2.96 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was fiscal Q4 2024, with a gain of 98.84 percentage points; the weakest was fiscal Q4 2025, with a drop of 106.31 percentage points.
- According to Business Quant data, Tax Rate for the three prior fiscal quarters was 24.69% (Q1 2026), -15.68% (Q4 2025) and 25.92% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 316.55 Bn | 301.63 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 269.03 Bn | 249.47 Bn | 1.10 Bn | - |
| 3 | Fortinet | 129.08 Bn | 115.01 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 116.42 Bn | 103.73 Bn | 1.04 Bn | - |
| 5 | Datadog | 96.40 Bn | 78.04 Bn | 881.34 Mn | 13.92% |
| 6 | Okta | 34.24 Bn | 24.34 Bn | 641.00 Mn | 7.94% |
| 7 | Axon Enterprise | 34.08 Bn | 28.61 Bn | 546.45 Mn | 9.97% |
| 8 | Zscaler | 32.34 Bn | 18.46 Bn | - | - |
| 9 | Baidu | 29.50 Bn | -44.13 Bn | 1.47 Mn | 31.08% |
| 10 | Progress Software | 1.63 Bn | 1.22 Bn | 208.59 Mn | 26.93% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 26.93% |
| Feb 28, 2026 | 24.69% |
| Aug 31, 2025 | 25.92% |
| May 31, 2025 | 14.27% |
| Feb 28, 2025 | 17.71% |
| Nov 30, 2024 | 90.64% |
| Aug 31, 2024 | 16.96% |
| May 31, 2024 | 19.57% |
| Feb 29, 2024 | 18.00% |
| Aug 31, 2023 | 8.85% |
| May 31, 2023 | 17.24% |
| Feb 28, 2023 | 20.89% |
| Nov 30, 2022 | 11.46% |
| Aug 31, 2022 | 21.26% |
| May 31, 2022 | 20.99% |
| Feb 28, 2022 | 21.19% |
| Aug 31, 2021 | 21.59% |
| May 31, 2021 | 20.55% |
| Feb 28, 2021 | 23.43% |
| Aug 31, 2020 | 20.69% |
Progress Software Tax Rate 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-rate&ticker=PRGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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-rate&ticker=PRGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();