Operating Income for Progressive (PGR)
According to Progressive's latest reported financial statements, the company's current operating income (TTM) is $14.55B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PGR
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$14.55B
YoY change
+32.8%
5Y CAGR
+14.7%
Peak year (2025)
$14.22B
Cumulative operating income
$87.49B
Operating Income history chart for Progressive (PGR) from 1985 to 2025
Operating Income history table for Progressive (PGR) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $14.22B | +32.8% | ||
| 2024 | $10.71B | +118.5% | ||
| 2023 | $4.90B | +431.9% | ||
| 2022 | $922.00M | -78.1% | ||
| 2021 | $4.21B | -41.3% | ||
| 2020 | $7.17B | +39.0% | ||
| 2019 | $5.16B | +63.1% | ||
| 2018 | $3.16B | +47.9% | ||
| 2017 | $2.14B | +45.4% | ||
| 2016 | $1.47B | -23.1% | ||
| 2015 | $1.91B | +0.2% | ||
| 2014 | $1.91B | +10.9% | ||
| 2013 | $1.72B | +30.5% | ||
| 2012 | $1.32B | -11.4% | ||
| 2011 | $1.49B | -5.0% | ||
| 2010 | $1.57B | +0.5% | ||
| 2009 | $1.56B | -800.4% | ||
| 2008 | -$222.30M | -113.1% | ||
| 2007 | $1.69B | -30.4% | ||
| 2006 | $2.43B | +18.2% | ||
| 2005 | $2.06B | -16.0% | ||
| 2004 | $2.45B | +31.8% | ||
| 2003 | $1.86B | +89.5% | ||
| 2002 | $981.40M | +67.0% | ||
| 2001 | $587.60M | +1747.8% | ||
| 2000 | $31.80M | -92.3% | ||
| 1999 | $412.20M | -37.6% | ||
| 1998 | $661.10M | +14.3% | ||
| 1997 | $578.50M | +31.0% | ||
| 1996 | $441.70M | +27.7% | ||
| 1995 | $345.90M | -8.9% | ||
| 1994 | $379.80M | +1.8% | ||
| 1993 | $373.10M | -70.1% | ||
| 1992 | $1.25B | +28.8% | ||
| 1991 | $969.50M | +998.0% | ||
| 1990 | $88.30M | -91.6% | ||
| 1989 | $1.05B | -21.2% | ||
| 1988 | $1.33B | +34.3% | ||
| 1987 | $989.10M | +36.3% | ||
| 1986 | $725.80M | +50.6% | ||
| 1985 | $482.00M | — |
Operating Income 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
As of the 2025 fiscal year, Progressive (PGR) reported operating income of $14.22B – surged 32.8% year-over-year.
Through 2020–2025 (5 years), Progressive operating income delivered a +14.7% annualised rate; sustaining 3 straight years of year-over-year growth.
2025 marks the peak operating income at $14.22B, with the historical low of -$222.30M recorded in 2008.
Among 8 Financial Services peers, Progressive (PGR) ranks 9th; the peer median for operating income is $24.60B.
Progressive Operating Income by Year
Progressive Operating Income 2025: $14.22B
Progressive operating income in 2025 was $14.22B, surged 32.8% from 2024. This figure represents the highest annual value in the available history.
Progressive Operating Income 2024: $10.71B
Progressive operating income in 2024 was $10.71B, surged 118.5% from 2023.
Progressive Operating Income 2023: $4.90B
Progressive operating income in 2023 was $4.90B, surged 431.9% from 2022.
Progressive Operating Income 2022: $922.00M
Progressive operating income in 2022 was $922.00M, plunged 78.1% below 2021.
Progressive Operating Income 2021: $4.21B
Progressive operating income in 2021 was $4.21B.
See more financial history for Progressive (PGR).
Sector peers — Operating Income
Companies in the same sector as Progressive, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Progressive's operating income?
- Latest reported operating income for Progressive (PGR) is $14.55B (period ending March 31, 2026).
How has Progressive operating income changed year-over-year?
- Progressive (PGR) operating income changed +32.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Progressive operating income?
- Progressive (PGR) operating income compound annual growth rate is +14.7% over the most recent 5 years available.
When did Progressive operating income hit its highest annual value?
- Progressive operating income reached its highest annual value of $14.22B in 2025.
What was Progressive operating income in 2024?
- Progressive (PGR) operating income in 2024 was $10.71B.
What was Progressive operating income in 2025?
- Progressive (PGR) operating income in 2025 was $14.22B.
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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