Buyback yield (TTM)
0.51%
Shareholder yield (TTM)
7.53%
5Y share count change
0.1%
Buyback spend (TTM)
$590.00M
Cumulative buybacks
$10.47B
Key takeaways
- Progressive (PGR) repurchased about $590.00M of stock over the trailing twelve months.
- Diluted share count is roughly flat (0.1%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM buyback ÷ stock-based-comp ratio of 4.47× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +8.3% per year over the latest 5-year window.
- TTM repurchases used about 7% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Progressive (PGR)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Progressive (PGR)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Progressive (PGR)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Progressive (PGR)
Latest: $166.00M
Overview
In 2025, Progressive (PGR) buyback spend totalled $166.00M – plunged 73.8% year-over-year.
Progressive buyback spend has grown on net over the period, with a +8.3% compound annual growth rate over 2020–2025 (5 years).
Between 2004 and 2025, Progressive buyback spend plunged 89.8%, falling from $1.63B to $166.00M.
2004 marks the peak buyback spend at $1.63B, with the historical low of $600.00K recorded in 1999.
Progressive Buyback Spend 2025: $166.00M
Progressive buyback spend in 2025 was $166.00M, plunged 73.8% below 2024.
Progressive Buyback Spend 2024: $634.00M
2024's buyback spend for Progressive came in at $634.00M, surged 350.6% from 2023.
Progressive Buyback Spend 2023: $140.70M
Progressive posted buyback spend of $140.70M in 2023, surged 42.1% from 2022.
Progressive Buyback Spend 2022: $99.00M
In 2022, Progressive reported buyback spend of $99.00M, plunged 55.6% below 2021.
Progressive Buyback Spend 2021: $223.00M
Progressive buyback spend in 2021 was $223.00M.
See more financial history for Progressive (PGR).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $166.00M | $132.00M | $34.00M | 0.12% | 0.59B | +0.1% | |
| 2024 | $634.00M | $122.00M | $512.00M | 0.45% | 0.59B | +0.0% | |
| 2023 | $140.70M | $121.30M | $19.40M | 0.15% | 0.59B | +0.1% | |
| 2022 | $99.00M | $122.70M | −$23.70M | 0.13% | 0.59B | 0.0% | |
| 2021 | $223.00M | $100.70M | $122.30M | 0.37% | 0.59B | -0.1% | |
| 2020 | $111.60M | $89.40M | $22.20M | 0.19% | 0.59B | +0.1% | |
| 2019 | $91.30M | $90.20M | $1.10M | 0.22% | 0.59B | +0.1% | |
| 2018 | $79.00M | $77.20M | $1.80M | 0.22% | 0.59B | +0.2% | |
| 2017 | $62.50M | $95.40M | −$32.90M | 0.19% | 0.59B | +0.1% | |
| 2016 | $192.50M | $85.20M | $107.30M | 0.94% | 0.58B | -0.7% | |
| 2015 | $208.50M | $66.20M | $142.30M | 1.12% | 0.59B | -0.9% | |
| 2014 | $271.40M | $51.40M | $220.00M | 1.71% | 0.59B | -1.5% | |
| 2013 | $273.40M | $64.90M | $208.50M | 1.69% | 0.60B | -0.7% | |
| 2012 | $174.20M | $63.40M | $110.80M | 1.38% | 0.61B | -4.6% | |
| 2011 | $997.80M | $2.10M | $995.70M | 8.44% | 0.64B | -4.0% | |
| 2010 | $258.60M | $2.40M | $256.20M | 2.00% | 0.66B | -0.5% | |
| 2009 | $180.60M | $1.80M | $178.80M | 1.52% | 0.67B | -1.1% | |
| 2008 | $179.40M | $0.00 | $179.40M | 1.82% | 0.67B | -6.2% | |
| 2007 | $1.55B | $0.00 | $1.55B | 12.03% | 0.72B | -7.2% | |
| 2006 | $1.21B | $0.00 | $1.21B | 6.80% | 0.77B | -3.1% | |
| 2005 | $482.80M | $0.00 | $482.80M | 2.12% | 0.80B | -7.6% | |
| 2004 | $1.63B | $0.00 | $1.63B | 9.65% | 0.86B | -2.0% | |
| 2003 | $316.80M | $0.00 | $316.80M | 1.77% | 0.88B | -1.2% | |
| 2002 | $214.30M | $0.00 | $214.30M | 1.98% | 0.89B | -0.9% | |
| 2001 | $120.20M | $0.00 | $120.20M | 1.10% | 0.90B | +1.0% | |
| 2000 | $17.80M | $0.00 | $17.80M | — | 0.89B | -0.4% | |
| 1999 | $600.00K | $0.00 | $600.00K | — | 0.90B | -0.1% | |
| 1998 | $42.60M | $0.00 | $42.60M | — | 0.90B | -0.8% | |
| 1997 | $2.90M | $0.00 | $2.90M | — | 0.90B | -1.3% | |
| 1996 | $128.70M | $0.00 | $128.70M | — | 0.92B | — | |
| 1995 | $2.30M | $0.00 | $2.30M | — | — | — | |
| 1994 | $36.30M | $0.00 | $36.30M | — | — | — | |
| 1993 | $12.20M | $0.00 | $12.20M | — | — | — | |
| 1992 | $105.90M | $0.00 | $105.90M | — | — | — | |
| 1991 | $107.30M | $0.00 | $107.30M | — | — | — | |
| 1990 | $95.70M | $0.00 | $95.70M | — | — | — | |
| 1989 | $52.50M | $0.00 | $52.50M | — | — | — |
- 2025$166.00M
- 2024$634.00M
- 2023$140.70M
- 2022$99.00M
- 2021$223.00M
- 2020$111.60M
- 2019$91.30M
- 2018$79.00M
- 2017$62.50M
- 2016$192.50M
- 2015$208.50M
- 2014$271.40M
- 2013$273.40M
- 2012$174.20M
- 2011$997.80M
- 2010$258.60M
- 2009$180.60M
- 2008$179.40M
- 2007$1.55B
- 2006$1.21B
- 2005$482.80M
- 2004$1.63B
- 2003$316.80M
- 2002$214.30M
- 2001$120.20M
- 2000$17.80M
- 1999$600.00K
- 1998$42.60M
- 1997$2.90M
- 1996$128.70M
- 1995$2.30M
- 1994$36.30M
- 1993$12.20M
- 1992$105.90M
- 1991$107.30M
- 1990$95.70M
- 1989$52.50M
Buybacks vs stock-based compensation for Progressive (PGR)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 4.47×.
Buybacks vs dividends (share of cash returned) for Progressive (PGR)
How Progressive splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Progressive, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $8.27B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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