Progressive Corp (PGR)

Official site

FINANCIAL SERVICES • INSURANCE - PROPERTY & CASUALTY • NYSE

$213.70

+0.24 (+0.11%)

Market Cap: $123.89B

Last updated: Oct 16, 2026 at 1:55 PM ET

Earnings

Performance (10Y)

Beat Rate

68%(27/40)

Avg Surprise

+1.42%

Upcoming Estimates

Period ending Dec 31, 2026

EPS Consensus$4.36

Range$3.31 - $5.37

23 analysts

Revenue Consensus

$20.6B

Range$20.4B - $20.8B

6 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$4.36	$3.31 - $5.37	-	-	23	-	-
Sep 30, 2026Sep 26 Reported Oct 14, 2026Reported Oct 14	$4.05	$4.46	$3.95 - $4.76	-9.19%	Miss	19	14 2 30d	+0.0%
Jun 30, 2026Jun 26 Reported Jul 15, 2026Reported Jul 15	$4.85	$4.70	$3.46 - $5.24	+3.19%	Beat	19	17 1 30d	-0.6%
Mar 31, 2026Mar 26 Reported Apr 15, 2026Reported Apr 15	$4.96	$4.88	$4.47 - $5.09	+1.64%	Beat	18	15 2 30d	+6.7%
Dec 31, 2025Dec 25 Reported Jan 28, 2026Reported Jan 28	$4.67	$4.43	$4.05 - $4.83	+5.42%	Beat	21	9 5 30d	+14.5%
Sep 30, 2025Sep 25 Reported Oct 15, 2025Reported Oct 15	$4.05	$5.05	$4.14 - $5.63	-19.80%	Miss	20	18 0 30d	+12.8%
Jun 30, 2025Jun 25 Reported Jul 16, 2025Reported Jul 16	$4.88	$4.43	$3.37 - $4.62	+10.16%	Beat	17	15 0 30d	+84.2%
Mar 31, 2025Mar 25 Reported Apr 16, 2025Reported Apr 16	$4.65	$4.78	$3.87 - $5.17	-2.72%	Miss	17	15 1 30d	+23.7%
Dec 31, 2024Dec 24 Reported Jan 29, 2025Reported Jan 29	$4.08	$3.23	$3.00 - $3.45	+26.32%	Beat	17	6 3 30d	+37.4%
Sep 30, 2024Sep 24 Reported Oct 15, 2024Reported Oct 15	$3.59	$3.64	$3.33 - $3.92	-1.37%	Miss	19	9 5 30d	+70.1%
Jun 30, 2024Jun 24 Reported Jul 16, 2024Reported Jul 16	$2.65	$2.01	$1.73 - $2.36	+31.84%	Beat	18	2 1 30d	+531.0%
Mar 31, 2024Mar 24 Reported May 15, 2024Reported May 15	$3.76	$3.21	$2.96 - $3.45	+17.13%	Beat	18	17 0 30d	+469.7%
Dec 31, 2023Dec 23 Reported Jan 24, 2024Reported Jan 24	$2.97	$2.39	$2.24 - $2.54	+24.27%	Beat	18	6 0 30d	+96.7%
Sep 30, 2023Sep 23 Reported Oct 13, 2023Reported Oct 13	$2.11	$1.71	$1.40 - $1.88	+23.39%	Beat	17	9 1 30d	+298.1%
Jun 30, 2023Jun 23 Reported Jul 13, 2023Reported Jul 13	$0.42	$0.84	-	-50.00%	Miss	17	1 10 30d	-46.8%
Mar 31, 2023Mar 23 Reported Apr 13, 2023Reported Apr 13	$0.66	N/A	-	-51.11%	Miss	17	2 3 30d	-42.6%
Dec 31, 2022Dec 22 Reported Jan 25, 2023Reported Jan 25	$1.51	$1.43	$1.24 - $1.88	+5.59%	Beat	17	1 3 30d	+39.8%
Sep 30, 2022Sep 22 Reported Oct 13, 2022Reported Oct 13	$0.53	$0.92	$0.16 - $1.77	-42.39%	Miss	18	2 11 30d	+253.3%
Jun 30, 2022Jun 22 Reported Jul 15, 2022Reported Jul 15	$0.79	$0.93	$0.93 - $0.93	-15.05%	Miss	0	3 1 30d	+11.3%
Mar 31, 2022Mar 22 Reported Apr 14, 2022Reported Apr 14	$1.15	$1.24	$1.12 - $1.31	-7.26%	Miss	15	No revisions (30d)	-33.1%
Dec 31, 2021Dec 21 Reported Jan 26, 2022Reported Jan 26	$1.08	$1.02	$0.88 - $1.12	+5.88%	Beat	16	6 1 30d	-41.3%
Sep 30, 2021Sep 21 Reported Oct 14, 2021Reported Oct 14	$0.15	$0.22	-	-31.82%	Miss	13	4 2 30d	-92.0%
Jun 30, 2021Jun 21 Reported Jul 15, 2021Reported Jul 15	$0.71	$1.05	$0.90 - $1.92	-32.38%	Miss	15	2 0 30d	-61.6%
Mar 31, 2021Mar 21 Reported Apr 15, 2021Reported Apr 15	$1.72	$1.72	$1.34 - $2.13	+0.00%	Beat	18	5 0 30d	-10.9%
Dec 31, 2020Dec 20 Reported Jan 27, 2021Reported Jan 27	$1.84	$1.69	$1.40 - $1.85	+8.88%	Beat	18	5 0 30d	+55.9%
Sep 30, 2020Sep 20 Reported Oct 14, 2020Reported Oct 14	$1.88	$1.69	$1.54 - $1.83	+11.24%	Beat	17	4 0 30d	+41.4%
Jun 30, 2020Jun 20 Reported Jul 15, 2020Reported Jul 15	$1.85	$1.73	$1.54 - $1.93	+6.94%	Beat	17	3 0 30d	+29.4%
Mar 31, 2020Mar 20 Reported Apr 15, 2020Reported Apr 15	$1.93	$1.46	$1.26 - $2.42	+32.19%	Beat	18	10 0 30d	+43.0%
Dec 31, 2019Dec 19 Reported Jan 29, 2020Reported Jan 29	$1.18	$1.16	$1.06 - $1.32	+1.72%	Beat	18	3 0 30d	-5.6%
Sep 30, 2019Sep 19 Reported Oct 16, 2019Reported Oct 16	$1.33	$1.30	$1.25 - $1.40	+2.31%	Beat	18	6 0 30d	+0.0%
Jun 30, 2019Jun 19 Reported Jul 17, 2019Reported Jul 17	$1.43	$1.41	$1.30 - $1.49	+1.42%	Beat	18	8 0 30d	+23.3%
Mar 31, 2019Mar 19 Reported Apr 16, 2019Reported Apr 16	$1.35	$1.36	$1.30 - $1.45	-0.74%	Miss	18	2 0 30d	+4.7%
Dec 31, 2018Dec 18 Reported Jan 23, 2019Reported Jan 23	$1.25	$1.01	$0.90 - $1.12	+23.76%	Beat	19	2 0 30d	+56.2%
Sep 30, 2018Sep 18 Reported Oct 16, 2018Reported Oct 16	$1.33	$1.10	$0.93 - $1.22	+20.91%	Beat	19	4 0 30d	+216.7%
Jun 30, 2018Jun 18 Reported Jul 17, 2018Reported Jul 17	$1.16	$1.11	$0.98 - $1.21	+4.50%	Beat	18	8 0 30d	+96.6%
Mar 31, 2018Mar 18 Reported Apr 17, 2018Reported Apr 17	$1.29	$1.18	$0.82 - $1.30	+9.32%	Beat	18	5 0 30d	+92.5%
Dec 31, 2017Dec 17 Reported Jan 24, 2018Reported Jan 24	$0.80	$0.77	$0.67 - $0.87	+3.90%	Beat	19	4 0 30d	+29.0%
Sep 30, 2017Sep 17 Reported Oct 17, 2017Reported Oct 17	$0.42	$0.35	$0.14 - $0.54	+20.00%	Beat	15	7 0 30d	-
Jun 30, 2017Jun 17 Reported Jul 18, 2017Reported Jul 18	$0.59	$0.59	$0.55 - $0.64	+0.00%	Beat	17	4 0 30d	-
Mar 31, 2017Mar 17 Reported Apr 18, 2017Reported Apr 18	$0.67	$0.69	-	-2.90%	Miss	-	-	-
Dec 31, 2016Dec 16 Reported Jan 25, 2017Reported Jan 25	$0.62	$0.51	-	+21.57%	Beat	-	-	-

Dividends

Dividend Metrics

Forward Yield0.19%

Forward Annual Dividend$0.40

Payout Ratio1.50%

FrequencyQuarterly

Pay MonthsJan, Apr, Jul, Oct

Growth

3Y CAGR-9.14%

5Y CAGR+0.00%

PGR dividend history and ex-dividend dates Run PGR in the free DRIP calculator

Key Metrics

Valuation
P/E Ratio	11.53	EV/EBITDA	8.88x
Price/FCF	7.81x	FCF Yield	12.80%
Profitability
Profit Margin	12.90%	Operating Margin	18.20%
ROE	34.90%	ROIC	27.38%
Financial Health
Debt/Equity	0.24x	Interest Coverage	49.76x
Current Ratio	N/A	Quick Ratio	N/A
Trading Statistics
Beta	0.23	Avg Volume	3.34M
52-Week High	$239.26	52-Week Low	$187.69

Technical Indicators Dashboard

Moving Averages

SMA 10$215.56

SMA 20$211.82

SMA 50$214.63

SMA 200$208.40

EMA 10$215.33

EMA 20$214.39

EMA 50$214.02

EMA 200$214.22

MACD

Line: 0.75Signal: 0.04Hist: 0.71

ADX

ADX: 16.0+DI: 28.4-DI: 31.4

Aroon & PSAR

Aroon Up92.0

Aroon Down40.0

PSAR$223.32

Bollinger Bands

Upper Band$222.66

Lower Band$200.98

%B Position1024%(Upper)

Band Width0.59

RSI (14-Day)

Neutral

49.2

Momentum Oscillators

Stoch %K68.8

Stoch %D81.5

Williams %R-44.3

ROC (10d)1.3%

Momentum2.74

CCI (20d)67.9

MFI (14d)76.5

Volatility Measures

ATR (14d)$5.73(2.7%)

StdDev (20d)5.42

Hist Vol26.4%(Moderate)

Volume Flow

VWAP$215.94

OBV-26.1M

AD Line-2.3B

CMF (20d)0.081

Volume Metrics

Avg Vol (20d)3.4M

Vol Ratio1.0x

VWMA (20d)$211.19

Pivot Points

R3$231.00

R2$222.51

R1$217.99

Pivot Point$209.50

S1$204.98

S2$196.49

S3$191.97

Advanced Oscillators

TSI3.90

Ultimate Osc54.1

KST-3.37

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$23.52B	$22.12B	$22.68B	$22.44B	$21.93B	$20.34B	$20.21B	$19.65B	$18.07B	$17.17B	$16.82B	$15.49B
Cost of Revenue	N/A	$13.83B	$16.08B	$18.96B	$15.12B	$14.26B	$14.44B	$-19,433,500,000	$13.90B	$12.20B	$12.70B	$12.56B
Gross Profit	N/A	$8.35B	$6.66B	$3.55B	$6.88B	$6.14B	$5.83B	$19.71B	$4.22B	$5.03B	$4.19B	$2.99B

Operating Expenses	$19.31B	$18.55B	$19.00B	$19.12B	$17.95B	$17.10B	$17.24B	$16.70B	$16.20B	$14.23B	$14.33B	$14.08B
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Income	N/A	$3.57B	$3.68B	$3.32B	$3.98B	$3.24B	$2.97B	$3.01B	$1.86B	$2.94B	$2.50B	$1.41B

Interest Income	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Interest Expense	$88.00M	$70.00M	$69.00M	$70.00M	$69.00M	$70.00M	$70.00M	$70.00M	$69.00M	$70.00M	$69.30M	$69.70M
Income Before Tax	$4.21B	$3.57B	$3.68B	$3.32B	$3.98B	$3.24B	$2.97B	$2.95B	$1.86B	$2.94B	$2.50B	$1.41B
Income Tax Expense	$898.00M	$748.00M	$731.00M	$708.00M	$807.00M	$669.00M	$611.00M	$612.00M	$401.00M	$609.00M	$515.30M	$288.90M

Net Income	$3.31B	$2.82B	$2.95B	$2.62B	$3.17B	$2.57B	$2.36B	$2.33B	$1.46B	$2.33B	$1.99B	$1.12B

EBITDA	$4.26B	$3.59B	$3.72B	$3.38B	$4.03B	$3.29B	$3.04B	$3.01B	$1.92B	$3.00B	$2.62B	$1.48B
EBIT	$4.21B	$3.57B	$3.68B	$3.32B	$3.98B	$3.24B	$2.97B	$2.95B	$1.86B	$2.94B	$2.49B	$1.41B

* Some calculated fields are derived from available data when not provided by source

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PGR Valuation and Fair Value

P/E: 11.5x
Forward P/E: 12.7x
EV/EBITDA: 8.9x
P/FCF: 7.8x
PEG: 63.5x
P/B: 3.6x

See GNG's fair value

PGR Profitability: Margins, ROIC and FCF

Operating margin: 18.2%
Net margin: 12.9%
ROIC: 27.4%
ROE: 34.9%
FCF margin: 17.6%
FCF yield: 12.8%

PGR Competitors

Company	Ticker
Blackstone Group Inc	BX
S&P Global Inc	SPGI
Chubb Ltd	CB
Capital One Financial Corporation	COF
Interactive Brokers Group Inc	IBKR
HDFC Bank Limited ADR	HDB
UBS Group AG	UBS
Bank of Montreal	BMO

Sector: Financial Services

PGR Analyst Ratings

Consensus: Hold
Analysts: 25
Strong Buy: 4
Buy: 4
Hold: 16
Sell: 1
Strong Sell: 0

PGR Bull Case vs Bear Case

Bull case

PGR earns a 27.4% return on invested capital.
PGR converts 17.6% of revenue into free cash flow.

PGR Earnings: Beat Rate and Next Report

Beat rate: 5 of 8 quarters (62.5%)
Average surprise: 1.9%
EPS estimate (fiscal period ending Dec 31, 2026): $4.36

PGR Dividend

Forward yield: 0.2%
Payout ratio: 1.5%
3Y DPS growth: -9.1%
5Y DPS growth: 0.0%
Pay months: Jan, Apr, Jul, Oct

PGR dividend history

Frequently Asked Questions About PGR

What is PGR's current dividend yield?

Progressive Corp (PGR) has a forward dividend yield of 0.19%.

Does PGR pay dividends?

Yes, Progressive Corp pays dividends with a forward dividend yield of 0.19%.

What is PGR's P/E ratio?

Progressive Corp has a price-to-earnings (P/E) ratio of 11.53.

What is PGR's market cap?

Progressive Corp (PGR) has a market capitalization of $123.89B with a current stock price of $213.70.

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