The Progressive Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 47.68B | 49.59B | 62.08B | 75.34B | 87.64B | 16.3% | |
| Cost of Revenue | (37.34B) | (42.04B) | (50.32B) | (54.44B) | (61.81B) | 13.5% | |
Gross Profit | 10.34B | 7.55B | 11.76B | 20.90B | 25.83B | 23.6% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | — | — | — | — | — | — | |
| Depreciation & Amortization | (337.40M) | (306.00M) | (285.00M) | (284.00M) | (313.00M) | 10.2% | |
Operating Income (EBIT) | 4.21B | 922.00M | 4.90B | 10.71B | 14.22B | 32.8% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (218.60M) | (244.00M) | (268.00M) | (279.00M) | (278.00M) | -0.4% | |
| Other Income/Expenses (Net) | — | — | — | — | — | — | |
Income Before Tax | 4.21B | 922.00M | 4.90B | 10.71B | 14.22B | 32.8% | |
| Income Tax Expense | (859.10M) | (200.00M) | (1.00B) | (2.23B) | (2.92B) | 30.5% | |
Net Income | 3.35B | 722.00M | 3.90B | 8.48B | 11.31B | 33.3% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $6 | $1 | $7 | $14 | $19 | 33.5% | |
| Weighted Avg Shares Outstanding | 584.50M | 584.40M | 584.90M | 585.50M | 586.30M | 0.1% | |
| Weighted Avg Shares Outstanding (Diluted) | 587.10M | 587.10M | 587.50M | 587.70M | 588.20M | 0.1% | |
EBITDA | 4.77B | 1.47B | 5.46B | 11.28B | 14.81B | 31.4% |
Explore PGR
PGR in the Financial Services
Large Cap