PGR
Progressive CorporationPrevious close
231.28
Change
+1.10 / +0.48%
P/E (TTM) ?
11.4
Market Cap
$135B
1M
+11.56%
S&P 500 −0.91% over same period
Volume / Avg Volume
1.9M / 2.1M
0.92× average
Latest earnings analysisFY2026 Q2Reported 2026-07-15
Progressive Q2 FY2026: $3.31B profit, EPS beats consensus
The quarter was strong — net income $3.31 billion — but we call it Neutral. Diluted EPS of $5.67 beat the $4.87 consensus estimate by 16.4%, yet the underwriting gain leans on a one-time property reserve adjustment and June alone was weak, with net income down 31.0% to $779 million. Read the year-over-year growth rates — net income +4.3% — as the truer signal.
Read the full analysis →Revenue$23.61BYoY +16.20%
EPS$5.67Beatest. $4.87
Next-day move+0.28%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-15 | $23.6B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-15 | $22.2B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-28 | $87.7B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-15 | $22.5B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-16 | $22.0B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-16 | $20.4B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 23 of its 5-year rangeCheap
5-year range 10.4 – 47.7 · Median 18.4
Last 4 quarters: $0 in buybacks + $8.1B in dividends, 6.01% of market cap combined
P/E (TTM)
11.4
P/B
3.9
P/S
1.5
Dividend Yield
0.24%
Earnings Reaction
Over the last 6 reports, the stock moved ±1.6% on average on the first trading day after, rising 3 times
Most recent +0.28%
Volatility & Correlation
1-year beta -0.50 · Correlation with S&P 500 -0.24Low beta
Annualized volatility 27% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 5 · $10.5MNet selling $10.5M
- 10-22Broz StevenChief Information OfficerSell$0.27M1,225 shares · Avg price 223.32
- 09-24Broz StevenChief Information OfficerSell$0.25M1,225 shares · Avg price 204.29
- 09-01Griffith Susan PatriciaPresident and CEOSell$8.2M37,338 shares · Avg price 219.50
- 08-20Broz StevenChief Information OfficerSell$0.27M1,225 shares · Avg price 219.40
- 08-13Niederst Lori AChief Personal Lines OfficerSell$1.5M7,339 shares · Avg price 209.29
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 23.61 | +7.3% | — | 3.31 | 5.67 |
| FY2026 Q1 | 22.19 | +8.7% | — | 2.82 | 4.80 |
| FY2025 Q4 | 22.75 | +12.2% | — | 2.95 | 5.01 |
| FY2025 Q3 | 22.51 | +14.2% | — | 2.62 | 4.45 |
| FY2025 Q2 | 22.00 | +21.3% | — | 3.18 | 5.40 |
| FY2025 Q1 | 20.41 | +18.4% | — | 2.57 | 4.37 |
| FY2024 Q4 | 20.28 | +20.0% | — | 2.36 | 4.01 |
| FY2024 Q3 | 19.72 | +26.7% | — | 2.33 | 3.97 |
| FY2024 Q2 | 18.13 | +18.1% | — | 1.46 | 2.48 |
| FY2024 Q1 | 17.24 | +20.6% | — | 2.33 | 3.94 |
| FY2023 Q4 | 16.89 | +25.4% | — | 1.99 | 3.37 |
| FY2023 Q3 | 15.56 | +21.8% | — | 1.12 | 1.89 |