TTM
16.3%
YoY change
+2.01pp
Trough year (2008)
-1.7%
Peak year (1986)
99.2%
Latest annual
16.2%
Operating Margin history chart for Progressive (PGR) from 1985 to 2025
Latest: 16.2%
Operating Margin change chart for Progressive (PGR) from 1985 to 2025
Latest: +2.01pp
Operating Margin history table for Progressive (PGR) from 1985 to 2025
| 2025 | 16.2% | +2.01pp | ||
| 2024 | 14.2% | +6.32pp | ||
| 2023 | 7.9% | +6.04pp | ||
| 2022 | 1.9% | -6.97pp | ||
| 2021 | 8.8% | -7.99pp | ||
| 2020 | 16.8% | +3.59pp | ||
| 2019 | 13.2% | +3.33pp | ||
| 2018 | 9.9% | +1.92pp | ||
| 2017 | 8.0% | +1.70pp | ||
| 2016 | 6.3% | -2.90pp | ||
| 2015 | 9.2% | -0.67pp | ||
| 2014 | 9.8% | +0.37pp | ||
| 2013 | 9.5% | +1.75pp | ||
| 2012 | 7.7% | -1.72pp | ||
| 2011 | 9.4% | -0.86pp | ||
| 2010 | 10.3% | -0.39pp | ||
| 2009 | 10.7% | +12.42pp | ||
| 2008 | -1.7% | -13.26pp | ||
| 2007 | 11.5% | -4.93pp | ||
| 2006 | 16.5% | +2.06pp | ||
| 2005 | 14.4% | -3.39pp | ||
| 2004 | 17.8% | +2.14pp | ||
| 2003 | 15.6% | +5.08pp | ||
| 2002 | 10.6% | +2.71pp | ||
| 2001 | 7.8% | +7.38pp | ||
| 2000 | 0.5% | -6.26pp | ||
| 1999 | 6.7% | -5.76pp | ||
| 1998 | 12.5% | -0.06pp | ||
| 1997 | 12.6% | -0.14pp | ||
| 1996 | 12.7% | +1.21pp | ||
| 1995 | 11.5% | -4.24pp | ||
| 1994 | 15.7% | -3.36pp | ||
| 1993 | 19.1% | -52.73pp | ||
| 1992 | 71.8% | +6.88pp | ||
| 1991 | 64.9% | +0.34pp | ||
| 1990 | 64.6% | -10.56pp | ||
| 1989 | 75.2% | -23.65pp | ||
| 1988 | 98.8% | -0.11pp | ||
| 1987 | 98.9% | -0.25pp | ||
| 1986 | 99.2% | +0.96pp | ||
| 1985 | 98.2% | — |
- 202516.2%+2.01pp
- 202414.2%+6.32pp
- 20237.9%+6.04pp
- 20221.9%-6.97pp
- 20218.8%-7.99pp
- 202016.8%+3.59pp
- 201913.2%+3.33pp
- 20189.9%+1.92pp
- 20178.0%+1.70pp
- 20166.3%-2.90pp
- 20159.2%-0.67pp
- 20149.8%+0.37pp
- 20139.5%+1.75pp
- 20127.7%-1.72pp
- 20119.4%-0.86pp
- 201010.3%-0.39pp
- 200910.7%+12.42pp
- 2008-1.7%-13.26pp
- 200711.5%-4.93pp
- 200616.5%+2.06pp
- 200514.4%-3.39pp
- 200417.8%+2.14pp
- 200315.6%+5.08pp
- 200210.6%+2.71pp
- 20017.8%+7.38pp
- 20000.5%-6.26pp
- 19996.7%-5.76pp
- 199812.5%-0.06pp
- 199712.6%-0.14pp
- 199612.7%+1.21pp
- 199511.5%-4.24pp
- 199415.7%-3.36pp
- 199319.1%-52.73pp
- 199271.8%+6.88pp
- 199164.9%+0.34pp
- 199064.6%-10.56pp
- 198975.2%-23.65pp
- 198898.8%-0.11pp
- 198798.9%-0.25pp
- 198699.2%+0.96pp
- 198598.2%—
Operating Margin 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 Operating Margin at Progressive (PGR)
According to Progressive's latest reported financial statements, the company's latest reported operating margin is 16.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Progressive (PGR) came in at 16.23% – expanded 2.0 percentage points year-over-year.
Across the available history, operating margin reached its high of 99.17% in 1986 and its low of -1.73% in 2008.
Progressive Operating Margin by Year
Progressive Operating Margin 2025: 16.2%
Progressive posted operating margin of 16.23% in 2025, expanded 2.0 percentage points from 2024.
Progressive Operating Margin 2024: 14.2%
In 2024, Progressive reported operating margin of 14.22%, expanded 6.3 percentage points from 2023.
Progressive Operating Margin 2023: 7.9%
Progressive operating margin in 2023 was 7.90%, expanded 6.0 percentage points from 2022.
Progressive Operating Margin 2022: 1.9%
2022's operating margin for Progressive came in at 1.86%, contracted 7.0 percentage points from 2021.
Progressive Operating Margin 2021: 8.8%
Progressive operating margin in 2021 was 8.83%.
See more financial history for Progressive (PGR).
Sector peers by Operating Margin
Financial Services peers of Progressive (PGR), ranked by their latest operating margin
| 61.1% | |
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% |
- 61.1%
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
Frequently asked questions
Progressive (PGR) Key Financials
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