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Did Progressive Beat Earnings?
Progressive (PGR) reported Q2 '26 revenue of $23.6B, up 7.4% year-over-year, with reported EPS of $4.85. That topped the $4.70 analyst estimate by 3.2% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Progressive’s job postings, web traffic, and employee business outlook. See the full PGR stock analysis or the earnings calendar for upcoming reports.
PGR Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $4.70 | $4.85 | Beat +3.2% |
| Q1 '26 | $4.88 | $4.96 | Beat +1.6% |
| Q4 '25 | $4.43 | $4.67 | Beat +5.4% |
| Q3 '25 | $5.05 | $4.05 | Missed -19.8% |
| Q2 '25 | $4.43 | $4.88 | Beat +10.2% |
| Q1 '25 | $4.78 | $4.65 | Missed -2.7% |
Progressive Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.7B | 20.3B | 20.4B | 22B | 22.5B | 22.7B | 22.2B | 23.6B |
| Gross margin | 100.0% | 28.8% | 30.1% | 31.3% | 15.8% | 29.3% | 37.7% | 25.2% |
| Operating margin | 15.3% | 14.6% | 15.9% | 18.1% | 14.8% | 16.2% | 16.1% | 17.8% |
| Net income | 2.33B | 2.36B | 2.57B | 3.18B | 2.62B | 2.95B | 2.82B | 3.31B |
| Net margin | 11.8% | 11.6% | 12.6% | 14.4% | 11.6% | 13.0% | 12.7% | 14.0% |
| EPS | $3.59 | $4.08 | $4.65 | $4.88 | $4.05 | $4.67 | $4.96 | $4.85 |
Progressive Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Progressive’s quarterly revenue moved from $19.7B to $23.6B. Net margin expanded from 11.8% to 14%, against a 25.2% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Progressive has beaten Wall Street EPS estimates in 5 of its last 8 reported quarters.
When Is Progressive’s Next Earnings Date?
Progressive reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the PGR earnings calendar.
Frequently Asked Questions: Progressive Earnings
Progressive's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Progressive reported Q2 '26 EPS of $4.85 on revenue of $23.6B (+7.4% YoY). Progressive beat estimates, reporting $4.85 vs. the $4.70 estimate.
Progressive reported Q2 '26 revenue of $23.6B, up 7.4% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the PGR AI Score.
