Filing Flows › Progressive (PGR) › Operating margin
Progressive (PGR) operating margin by quarter
Progressive's operating margin was 14.0% in Q3 2026 (third quarter 2026), -3.9 pts from Q2 2026. Over the last 7 quarters it ranged from 14.0% (Q3 2026) to 18.1% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 14.0% | -3.9 pts | -0.8 pts |
| Q2 2026 | 17.8% | +1.8 pts | -0.3 pts |
| Q1 2026 | 16.1% | -0.1 pts | +0.2 pts |
| Q4 2025 | 16.2% | +1.4 pts | — |
| Q3 2025 | 14.8% | -3.3 pts | — |
| Q2 2025 | 18.1% | +2.2 pts | — |
| Q1 2025 | 15.9% | — | — |
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 operating margin?
Progressive's operating margin was 14.0% in Q3 2026 (third quarter 2026), -3.9 pts from Q2 2026.
How has Progressive's operating margin changed?
Over the last 7 quarters it ranged from 14.0% (Q3 2026) to 18.1% (Q2 2025).