Filing Flows › Progressive (PGR) › Q2 2026
Progressive (PGR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Progressive (PGR) reported revenue of $23.6B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +6% from the quarter before. Operating margin was 17.8%, net earnings $3.3B (14.0% of revenue).
Progressive, Q2 2026: revenue $23.6B (+7% year over year), operating margin 17.8%, net earnings $3.3B, operating cash flow $3.6B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.6B | +6% | +7% |
| Operating profit | $4.2B | +18% | +6% |
| Net earnings | $3.3B | +17% | +4% |
| Operating cash flow | $3.6B | -17% | -11% |
| Free cash flow | $3.5B | -19% | -12% |
What changed
Revenue was $23.6B in Q2 2026, up 7% year over year and up 6% from the previous quarter.
Operating profit was $4.2B, a 17.8% margin (down 0.3 points year over year). Of the extra revenue versus Q2 2025, 14% reached operating profit, below the 18% margin then. Total costs grew 8% against revenue growth of 7%. Net earnings were $3.3B, up 4% year over year. The effective tax rate was 21.3%.
Operating cash flow was $3.6B (down 11% year over year), 109% of net earnings. Non-cash charges added back $0.08B of depreciation. Working capital and other items added $0.21B. Capital expenditures of $0.14B left free cash flow of $3.5B.
Questions
What was Progressive's revenue in the second quarter 2026?
Progressive (PGR) reported revenue of $23.6B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +6% from the quarter before.
Was Progressive profitable in the second quarter 2026?
Operating profit was $4.2B (17.8% of revenue) and net earnings $3.3B.
Source: Progressive 10-Q on SEC EDGAR.