The Progressive Corporation
The Progressive Corporation (PGR) Financial Performance & Income Statement Overview
Review The Progressive Corporation (PGR) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
The Progressive Corporation (PGR) Income Statement & Financial Overview
Explore comprehensive income reports for The Progressive Corporation PGR, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $20.40B | $20.27B | $19.71B | $18.13B |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $20.40B | $20.27B | $19.71B | $18.13B |
| Gross Profit Ratio | $1.00 | $1.00 | $1.00 | $1.00 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Expenses | $17.17B | $17.30B | $16.77B | $16.27B |
| Total Costs & Expenses | $17.17B | $17.30B | $16.77B | $16.27B |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $70.00M | $69.90M | $69.90M | $69.60M |
| Depreciation & Amortization | $70.00M | $75.80M | $70.70M | $67.50M |
| EBITDA | $3.38B | $3.11B | $3.09B | $2.00B |
| EBITDA Ratio | $0.17 | $0.15 | $0.16 | $0.11 |
| Operating Income | $3.24B | $2.97B | $2.94B | $1.86B |
| Operating Income Ratio | $0.16 | $0.15 | $0.15 | $0.10 |
| Other Income/Expenses (Net) | $0.00 | $0.00 | $0.00 | $0.00 |
| Income Before Tax | $3.24B | $2.97B | $2.94B | $1.86B |
| Income Before Tax Ratio | $0.16 | $0.15 | $0.15 | $0.10 |
| Income Tax Expense | $669.00M | $611.40M | $611.40M | $401.70M |
| Net Income | $2.57B | $2.36B | $2.33B | $1.46B |
| Net Income Ratio | $0.13 | $0.12 | $0.12 | $0.08 |
| EPS | $4.38 | $4.02 | $3.98 | $2.49 |
| Diluted EPS | $4.37 | $4.01 | $3.97 | $2.48 |
| Weighted Avg Shares Outstanding | $586.00M | $585.55M | $585.60M | $585.40M |
| Weighted Avg Shares Outstanding (Diluted) | $587.70M | $587.65M | $587.60M | $587.40M |
Financial performance has remained strong, with revenue growing from $18.13B in Q2 2024 to $20.40B in Q1 2025. Gross profit continued to perform well, with margins at 100% in the latest quarter. Operating income reached $3.24B in Q1 2025, holding a steady 16% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at $3.38B. Net income rose to $2.57B, keeping EPS at $4.38. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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