Progressive Corporation Income Statement

PGR / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Progressive Corporation reported $87.7B in revenue and $11.3B in net income for FY2025. Revenue has grown at a 13.7% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 1.04 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)
Strong return on equity: 30.2%

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$87.7B	$75.4B	$62.1B	$42.7B	$39.0B	$32.0B	$39.0B	$23.4B	$20.9B	$19.4B	$18.2B	$17.1B	$15.8B	$15.2B	$14.6B
Interest Expense	$278.0M	$279.0M	$268.0M	$217.0M	$189.7M	$166.5M	$189.7M	$140.9M	$136.0M	$116.9M	$118.2M	$123.8M	$132.7M	$133.5M	$139.0M
Income Tax	$2.9B	$2.2B	$1.0B	$1.5B	$1.2B	$542.6M	$1.2B	$413.5M	$611.1M	$626.4M	$554.6M	$415.4M	$471.5M	$496.9M	$499.4M
Net Income	$11.3B	$8.5B	$3.9B	$5.7B	$4.0B	$2.6B	$4.0B	$1.0B	$1.3B	$1.3B	$1.2B	$902.3M	$1.0B	$1.1B	$1.1B
EPS (Basic)	$6.61	$1.19	$5.69	$9.71	$6.75	$4.45	$2.74	$1.77	$2.16	$2.17	$1.95	$1.50	$1.61	$1.62	$1.59
EPS (Diluted)	$6.58	$1.18	$5.66	$9.66	$6.72	$4.42	$2.72	$1.76	$2.15	$2.15	$1.93	$1.48	$1.59	$1.61	$1.57
Shares Outstanding	587.5M	587.1M	587.1M	587.6M	587.2M	586.7M	585.7M	585.0M	589.2M	594.8M	603.6M	607.8M	636.9M	663.3M	672.2M
Profit Margin	12.9%	11.3%	6.3%	13.4%	10.2%	8.2%	10.2%	4.4%	6.1%	6.6%	6.4%	5.3%	6.4%	7.0%	7.3%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Progressive Corporation Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$87.7B

$75.4B

$62.1B

$42.7B

$39.0B

$32.0B

$39.0B

$23.4B

$20.9B

$19.4B

$18.2B

$17.1B

$15.8B

$15.2B

$14.6B

Interest Expense

$278.0M

$279.0M

$268.0M

$217.0M

$189.7M

$166.5M

$189.7M

$140.9M

$136.0M

$116.9M

$118.2M

$123.8M

$132.7M

$133.5M

$139.0M

Income Tax

$2.9B

$2.2B

$1.0B

$1.5B

$1.2B

$542.6M

$1.2B

$413.5M

$611.1M

$626.4M

$554.6M

$415.4M

$471.5M

$496.9M

$499.4M

Net Income

$11.3B

$8.5B

$3.9B

$5.7B

$4.0B

$2.6B

$4.0B

$1.0B

$1.3B

$1.2B

$902.3M

$1.0B

$1.1B

EPS (Basic)

$6.61

$1.19

$5.69

$9.71

$6.75

$4.45

$2.74

$1.77

$2.16

$2.17

$1.95

$1.50

$1.61

$1.62

$1.59

EPS (Diluted)

$6.58

$1.18

$5.66

$9.66

$6.72

$4.42

$2.72

$1.76

$2.15

$1.93

$1.48

$1.59

$1.61

$1.57

Shares Outstanding

587.5M

587.1M

587.6M

587.2M

586.7M

585.7M

585.0M

589.2M

594.8M

603.6M

607.8M

636.9M

663.3M

672.2M

Profit Margin

12.9%

11.3%

6.3%

13.4%

10.2%

8.2%

10.2%

4.4%

6.1%

6.6%

6.4%

5.3%

6.4%

7.0%

7.3%