Progress Software (PRGS) Tax Rate (2009 - 2026)
Progress Software (PRGS) posted Tax Rate of 22.88% for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 3.04 percentage points from 25.92% a year earlier and down 4.05 percentage points from the prior quarter.
Progress Software (PRGS) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Aug 31, 2026, Tax Rate at Progress Software was 16.69%, down 15.54 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 Q3 2026 figure stands as the lowest quarterly Tax Rate since fiscal Q2 2025.
- On a year-over-year basis, Tax Rate increased in three of the last six quarters, with an average year-over-year change of +3.33 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was fiscal Q2 2026, with a gain of 12.66 percentage points; the weakest was fiscal Q3 2023, with a drop of 12.41 percentage points.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 322.94 Bn | 308.02 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 272.46 Bn | 252.90 Bn | 1.10 Bn | - |
| 3 | Fortinet | 131.11 Bn | 117.04 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 120.49 Bn | 107.81 Bn | 1.04 Bn | - |
| 5 | Datadog | 99.24 Bn | 80.88 Bn | 881.34 Mn | 13.92% |
| 6 | Okta | 35.54 Bn | 25.63 Bn | 641.00 Mn | 7.94% |
| 7 | Axon Enterprise | 34.30 Bn | 28.82 Bn | 546.45 Mn | 9.97% |
| 8 | Zscaler | 32.41 Bn | 18.53 Bn | - | - |
| 9 | Baidu | 29.12 Bn | -44.51 Bn | 1.47 Mn | 31.08% |
| 10 | Progress Software | 1.50 Bn | 1.07 Bn | 203.54 Mn | 22.88% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 22.88% |
| 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% |
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();