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Progress Software (PRGS) Tax Rate: 2009-2024

Historic Tax Rate for Progress Software (PRGS) over the last 14 years, with Nov 2024 value amounting to 27.40%.

  • Progress Software's Tax Rate rose 896.00% to 25.92% in Q3 2025 from the same period last year, while for Aug 2025 it was 32.23%, marking a year-over-year increase of 1814.00%. This contributed to the annual value of 27.40% for FY2024, which is 1552.00% up from last year.
  • Latest data reveals that Progress Software reported Tax Rate of 27.40% as of FY2024, which was up 130.70% from 11.88% recorded in FY2023.
  • Progress Software's Tax Rate's 5-year high stood at 27.40% during FY2024, with a 5-year trough of 11.88% in FY2023.
  • Over the past 3 years, Progress Software's median Tax Rate value was 18.92% (recorded in 2022), while the average stood at 19.40%.
  • As far as peak fluctuations go, Progress Software's Tax Rate crashed by 705bps in 2023, and later skyrocketed by 1,552bps in 2024.
  • Yearly analysis of 5 years shows Progress Software's Tax Rate stood at 17.50% in 2020, then skyrocketed by 41bps to 17.91% in 2021, then surged by 101bps to 18.92% in 2022, then crashed by 705bps to 11.88% in 2023, then skyrocketed by 1,552bps to 27.40% in 2024.