TTM
$24.5B
YoY change
+23.6%
5Y CAGR
+12.6%
Peak year (FY2025)
$25.8B
Cumulative gross profit
$189B
Gross Profit history chart for Progressive (PGR) from 2016 to 2025
Latest: $25.8B
Gross Profit growth chart for Progressive (PGR) from 2016 to 2025
Latest: +23.6%
Gross Profit history table for Progressive (PGR) from 1985 to 2025
| FY2025 | $25.8B | +23.6% | +$4.93B | ||
| FY2024 | $20.9B | +77.7% | +$9.14B | ||
| FY2023 | $11.8B | +55.9% | +$4.22B | ||
| FY2022 | $7.55B | -27.0% | -$2.79B | ||
| FY2021 | $10.3B | -27.4% | -$3.91B | ||
| FY2020 | $14.2B | +35.6% | +$3.74B | ||
| FY2019 | $10.5B | +37.1% | +$2.84B | ||
| FY2018 | $7.66B | +30.2% | +$1.78B | ||
| FY2017 | $5.88B | +25.9% | +$1.21B | ||
| FY2016 | $4.67B | -3.4% | -$164M | ||
| FY2015 | $4.84B | +6.4% | +$291M | ||
| FY2014 | $4.55B | +7.4% | +$315M | ||
| FY2013 | $4.23B | +14.8% | +$547M | ||
| FY2012 | $3.69B | -1.1% | -$41.5M | ||
| FY2011 | $3.73B | +0.6% | +$21.2M | ||
| FY2010 | $3.71B | +12.5% | +$412M | ||
| FY2009 | $3.29B | +124.5% | +$1.83B | ||
| FY2008 | $1.47B | -56.3% | -$1.89B | ||
| FY2007 | $3.36B | +32.0% | +$814M | ||
| FY2006 | $2.55B | +16.9% | +$369M | ||
| FY2005 | $2.18B | -15.3% | -$392M | ||
| FY2004 | $2.57B | +29.0% | +$578M | ||
| FY2003 | $1.99B | +82.9% | +$903M | ||
| FY2002 | $1.09B | +62.1% | +$417M | ||
| FY2001 | $672M | +365.9% | +$528M | ||
| FY2000 | $144M | -73.2% | -$395M | ||
| FY1999 | $539M | -29.1% | -$221M | ||
| FY1998 | $760M | +9.1% | +$63.5M | ||
| FY1997 | $697M | +26.4% | +$146M | ||
| FY1996 | $551M | +24.9% | +$110M | ||
| FY1995 | $441M | -7.2% | -$34.4M | ||
| FY1994 | $476M | +2.5% | +$11.8M | ||
| FY1993 | $464M | -64.1% | -$829M | ||
| FY1992 | $1.29B | +27.1% | +$276M | ||
| FY1991 | $1.02B | +644.2% | +$881M | ||
| FY1990 | $137M | -87.5% | -$959M | ||
| FY1989 | $1.1B | -18.5% | -$249M | ||
| FY1988 | $1.34B | +34.5% | +$345M | ||
| FY1987 | $1B | +36.6% | +$268M | ||
| FY1986 | $732M | +49.1% | +$241M | ||
| FY1985 | $491M | — | — |
- FY2025$25.8B+23.6%
- FY2024$20.9B+77.7%
- FY2023$11.8B+55.9%
- FY2022$7.55B-27.0%
- FY2021$10.3B-27.4%
- FY2020$14.2B+35.6%
- FY2019$10.5B+37.1%
- FY2018$7.66B+30.2%
- FY2017$5.88B+25.9%
- FY2016$4.67B-3.4%
- FY2015$4.84B+6.4%
- FY2014$4.55B+7.4%
- FY2013$4.23B+14.8%
- FY2012$3.69B-1.1%
- FY2011$3.73B+0.6%
- FY2010$3.71B+12.5%
- FY2009$3.29B+124.5%
- FY2008$1.47B-56.3%
- FY2007$3.36B+32.0%
- FY2006$2.55B+16.9%
- FY2005$2.18B-15.3%
- FY2004$2.57B+29.0%
- FY2003$1.99B+82.9%
- FY2002$1.09B+62.1%
- FY2001$672M+365.9%
- FY2000$144M-73.2%
- FY1999$539M-29.1%
- FY1998$760M+9.1%
- FY1997$697M+26.4%
- FY1996$551M+24.9%
- FY1995$441M-7.2%
- FY1994$476M+2.5%
- FY1993$464M-64.1%
- FY1992$1.29B+27.1%
- FY1991$1.02B+644.2%
- FY1990$137M-87.5%
- FY1989$1.1B-18.5%
- FY1988$1.34B+34.5%
- FY1987$1B+36.6%
- FY1986$732M+49.1%
- FY1985$491M—
Gross Profit values are taken from Progressive's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Profit at Progressive (PGR)
According to Progressive's latest reported financial statements, the company's current gross profit (TTM) is $24.5B. 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 .
Progressive (PGR) most recent annual gross profit stands at $25.8B (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 $25.8B, with the historical low of $137M recorded in 1990.
Progressive Gross Profit by Year
Progressive Gross Profit 2025: $25.8B
In 2025, Progressive reported gross profit of $25.8B, grew 23.6% from 2024. This figure represents the highest annual value in the available history.
Progressive Gross Profit 2024: $20.9B
Progressive gross profit in 2024 was $20.9B, surged 77.7% from 2023.
Progressive Gross Profit 2023: $11.8B
2023's gross profit for Progressive came in at $11.8B, surged 55.9% from 2022.
Progressive Gross Profit 2022: $7.55B
Progressive posted gross profit of $7.55B in 2022, declined 27.0% below 2021.
Progressive Gross Profit 2021: $10.3B
Progressive gross profit in 2021 was $10.3B.
See more financial history for Progressive (PGR).
Sector peers by Gross Profit
Financial Services peers of Progressive (PGR), ranked by their latest gross profit
| $168B | |
| $107B | |
| $87.8B | |
| $80B | |
| $65.6B | |
| $59.4B | |
| $32.1B | |
| $27.4B |
- $168B
- $65.6B
- $59.4B
- $32.1B
- $27.4B
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- Buybacks0.51% TTM
- Dividend Profile6.32% yield
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- Stock Split History9 splits
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