Gross Profit for Progressive (PGR)
According to Progressive's latest reported financial statements, the company's current gross profit (TTM) is $25.44B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PGR
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$25.44B
YoY change
+23.6%
5Y CAGR
+12.6%
Peak year (2025)
$25.83B
Cumulative gross profit
$174.43B
Gross Profit history chart for Progressive (PGR) from 1985 to 2025
Gross Profit history table for Progressive (PGR) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $25.83B | +23.6% | ||
| 2024 | $20.90B | +77.7% | ||
| 2023 | $11.76B | +55.9% | ||
| 2022 | $7.55B | -27.0% | ||
| 2021 | $10.34B | -27.4% | ||
| 2020 | $14.24B | +35.6% | ||
| 2019 | $10.50B | +37.1% | ||
| 2018 | $7.66B | +30.2% | ||
| 2017 | $5.88B | +25.9% | ||
| 2016 | $4.67B | -3.4% | ||
| 2015 | $4.84B | +6.4% | ||
| 2014 | $4.55B | +7.4% | ||
| 2013 | $4.23B | +14.8% | ||
| 2012 | $3.69B | -1.1% | ||
| 2011 | $3.73B | +0.6% | ||
| 2010 | $3.71B | +12.5% | ||
| 2009 | $3.29B | +124.5% | ||
| 2008 | $1.47B | -56.3% | ||
| 2007 | $3.36B | +32.0% | ||
| 2006 | $2.55B | +16.9% | ||
| 2005 | $2.18B | -15.3% | ||
| 2004 | $2.57B | +29.0% | ||
| 2003 | $1.99B | +82.9% | ||
| 2002 | $1.09B | +62.1% | ||
| 2001 | $672.30M | +365.9% | ||
| 2000 | $144.30M | -73.2% | ||
| 1999 | $539.00M | -29.1% | ||
| 1998 | $760.40M | +9.1% | ||
| 1997 | $696.90M | +26.4% | ||
| 1996 | $551.20M | +24.9% | ||
| 1995 | $441.30M | -7.2% | ||
| 1994 | $475.70M | +2.5% | ||
| 1993 | $463.90M | -64.1% | ||
| 1992 | $1.29B | +27.1% | ||
| 1991 | $1.02B | +644.2% | ||
| 1990 | $136.70M | -87.5% | ||
| 1989 | $1.10B | -18.5% | ||
| 1988 | $1.34B | +34.5% | ||
| 1987 | $999.90M | +36.6% | ||
| 1986 | $731.90M | +49.1% | ||
| 1985 | $490.80M | — |
Gross Profit values are taken from Progressive's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Progressive (PGR) most recent annual gross profit stands at $25.83B (2025) – grew 23.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Progressive gross profit compounded at +12.6% per year, sustaining 3 straight years of year-over-year growth.
2025 marks the peak gross profit at $25.83B, with the historical low of $136.70M recorded in 1990.
Progressive (PGR) sits 9th of 8 Financial Services peers we track on this metric, against a peer median of $72.83B.
Progressive Gross Profit by Year
Progressive Gross Profit 2025: $25.83B
Progressive gross profit in 2025 was $25.83B, grew 23.6% from 2024. This figure represents the highest annual value in the available history.
Progressive Gross Profit 2024: $20.90B
Progressive gross profit in 2024 was $20.90B, surged 77.7% from 2023.
Progressive Gross Profit 2023: $11.76B
Progressive gross profit in 2023 was $11.76B, surged 55.9% from 2022.
Progressive Gross Profit 2022: $7.55B
Progressive gross profit in 2022 was $7.55B, declined 27.0% below 2021.
Progressive Gross Profit 2021: $10.34B
Progressive gross profit in 2021 was $10.34B.
See more financial history for Progressive (PGR).
Sector peers — Gross Profit
Companies in the same sector as Progressive, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Progressive's gross profit?
- Latest reported gross profit for Progressive (PGR) is $25.44B (period ending March 31, 2026).
How has Progressive gross profit changed year-over-year?
- Progressive (PGR) gross profit changed +23.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Progressive gross profit?
- Progressive (PGR) gross profit compound annual growth rate is +12.6% over the most recent 5 years available.
When did Progressive gross profit hit its highest annual value?
- Progressive gross profit reached its highest annual value of $25.83B in 2025.
What was Progressive gross profit in 2024?
- Progressive (PGR) gross profit in 2024 was $20.90B.
What was Progressive gross profit in 2025?
- Progressive (PGR) gross profit in 2025 was $25.83B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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