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Did Progress Software Beat Earnings?
Progress Software (PRGS) reported Q2 '26 revenue of $253M, up 6.8% year-over-year, with reported EPS of $1.22. That topped the $1.15 analyst estimate by 6.1% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Progress Software’s job postings, web traffic, and employee business outlook. See the full PRGS stock analysis or the earnings calendar for upcoming reports.
PRGS Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $1.15 | $1.22 | Beat +6.1% |
| Q1 '26 | $1.57 | $1.60 | Beat +1.9% |
| Q4 '25 | $1.31 | $1.51 | Beat +15.3% |
| Q3 '25 | $1.30 | $1.50 | Beat +15.4% |
| Q2 '25 | $1.30 | $1.40 | Beat +7.7% |
| Q1 '25 | $1.06 | $1.31 | Beat +23.6% |
Progress Software Quarterly Financial Trends
| Metric | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 215M | 238M | 237M | 250M | 253M | 248M | 253M | 246M |
| Gross margin | 83.0% | 80.6% | 80.1% | 81.0% | 81.6% | 72.0% | 82.3% | 82.7% |
| Operating margin | 10.0% | 13.6% | 16.3% | 17.6% | 15.2% | 19.9% | 18.5% | 18.9% |
| Net income | 1.1M | 11M | 17M | 19M | 26M | 23M | 21M | 23M |
| Net margin | 0.5% | 4.6% | 7.2% | 7.8% | 10.2% | 9.2% | 8.3% | 9.3% |
| EPS | $1.33 | $1.31 | $1.40 | $1.50 | $1.51 | $1.60 | $1.22 | — |
Progress Software Earnings Trend Analysis
Over the eight quarters from Q4 '24 to Q3 '26, Progress Software’s quarterly revenue moved from $215M to $246M. Net margin expanded from 0.5% to 9.3%, against a 82.7% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Progress Software has beaten Wall Street EPS estimates in 8 of its last 8 reported quarters.
When Is Progress Software’s Next Earnings Date?
Progress Software 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 PRGS earnings calendar.
Frequently Asked Questions: Progress Software Earnings
Progress Software's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Progress Software reported Q2 '26 EPS of $1.22 on revenue of $253M (+6.8% YoY). Progress Software beat estimates, reporting $1.22 vs. the $1.15 estimate.
Progress Software reported Q2 '26 revenue of $253M, up 6.8% 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 PRGS AI Score.
