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Progressive (PGR) free cash flow by quarter

Progressive's free cash flow was $4.4B in Q3 2026 (third quarter 2026), +27% from Q2 2026. Over the last 7 quarters it ranged from $3.0B (Q4 2025) to $5.1B (Q3 2025).

Progressive free cash flow by quarterProgressive free cash flow by quarter$5.1BQ1 2025$3.9BQ2 2025$5.1BQ3 2025$3.0BQ4 2025$4.3BQ1 2026$3.5BQ2 2026$4.4BQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$4.4B+27%-14%
Q2 2026$3.5B-19%-12%
Q1 2026$4.3B+41%-15%
Q4 2025$3.0B-41%—
Q3 2025$5.1B+30%—
Q2 2025$3.9B-23%—
Q1 2025$5.1B——

Q3 2026 at a glance

Progressive, Q3 2026: revenue $23.2B (+3% year over year), operating margin 14.0%, net earnings $2.5B, operating cash flow $4.5B. The chart follows the revenue to costs, profit and cash.

Questions

What is Progressive's free cash flow?

Progressive's free cash flow was $4.4B in Q3 2026 (third quarter 2026), +27% from Q2 2026.

How has Progressive's free cash flow changed?

Over the last 7 quarters it ranged from $3.0B (Q4 2025) to $5.1B (Q3 2025).

Q3 2026 results → · How Progressive makes money →