The Progressive Corporation
PGR · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 49.59B | 7.55B | 922.00M | 722.00M | 1.19 |
| 2023 FY | 62.08B | 11.76B | 4.90B | 3.90B | 6.61 |
| 2024 FY | 75.34B | 20.90B | 10.71B | 8.48B | 14.45 |
| 2025 FY | 87.64B | 25.83B | 14.22B | 11.31B | 19.29 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 75.47B | 59.57B | 203.50M | 6.39B | 15.89B |
| 2023 FY | 88.69B | 68.41B | 85.00M | 6.89B | 20.28B |
| 2024 FY | 105.75B | 80.15B | 143.00M | 6.89B | 25.59B |
| 2025 FY | 123.04B | 92.72B | 125.00M | 6.90B | 30.32B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 6.85B | -292.00M | 6.56B | -260.80M | 18.80M |
| 2023 FY | 10.64B | -252.00M | 10.39B | -277.60M | -121.30M |
| 2024 FY | 15.12B | -285.00M | 14.83B | -682.00M | 54.00M |
| 2025 FY | 17.55B | -348.00M | 17.20B | -2.87B | -16.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 75.80B | 81.99B | — | — | — |
| 2023 FY | 93.16B | 99.97B | — | — | — |
| 2024 FY | 140.29B | 147.04B | — | — | — |
| 2025 FY | 133.51B | 140.28B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q3 | 22.51B | 3.55B | 3.32B | 2.62B | 4.45 |
| 2025 Q4 | 22.74B | 6.66B | 3.68B | 2.95B | 5.04 |
| 2026 Q1 | 22.18B | 8.35B | 3.57B | 2.82B | 4.81 |
| 2026 Q2 | 23.62B | 5.94B | 4.21B | 3.31B | 5.68 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q3 | 121.54B | 86.09B | 173.00M | 6.90B | 35.45B |
| 2025 Q4 | 123.04B | 92.72B | 125.00M | 6.90B | 30.32B |
| 2026 Q1 | 122.21B | 90.17B | 162.00M | 8.39B | 32.04B |
| 2026 Q2 | 124.52B | 90.68B | — | 8.39B | 33.83B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 4.04B | -102.00M | 3.94B | -59.00M | -72.00M |
| 2025 Q3 | 5.20B | -66.00M | 5.13B | -58.00M | 50.00M |
| 2025 Q4 | 3.17B | -121.00M | 3.05B | -59.00M | -47.00M |
| 2026 Q1 | 4.37B | -63.00M | 4.30B | -7.97B | 41.00M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q3 | 145.26B | 151.98B | — | — | — |
| 2025 Q4 | 133.94B | 140.72B | — | — | — |
| 2026 Q1 | 116.09B | 124.31B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |