The Progressive
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. The Progressive's past years’ income statements indicate that its last revenue has increased compared to the previous period by 25% to $62,082,300,000. The net income raised on $3,902,400,000 and profit margin reached 6%. Total operating expenses were $56,910,200,000.
Profit Margin
| 2014 | 19.37B | 1.28B | 6.61% |
|---|---|---|---|
| 2015 | 20.83B | 1.26B | 6.08% |
| 2016 | 23.41B | 1.03B | 4.4% |
| 2017 | 26.81B | 1.59B | 5.94% |
| 2018 | 31.95B | 2.61B | 8.18% |
| 2019 | 38.99B | 3.97B | 10.18% |
| 2020 | 42.63B | 5.70B | 13.38% |
| 2021 | 47.67B | 3.35B | 7.03% |
| 2022 | 49.58B | 721.5M | 1.46% |
| 2023 | 62.08B | 3.90B | 6.29% |
PGR Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 62.08B | 49.58B | 47.67B | 42.63B | 38.99B | 31.95B | 26.81B | 23.41B | 20.83B | 19.37B |
Cost of revenue | 7.6M | 0 | 0 | 7.2M | 0 | 0 | 4.6M | 0 | 5.4M | 4.4M |
Gross profit | 62.07B | 49.58B | 47.67B | 42.63B | 38.99B | 31.95B | 26.81B | 23.41B | 20.82B | 19.37B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 56.91B | 48.42B | 43.24B | 35.46B | 33.64B | 28.62B | 24.67B | 21.80B | 18.92B | 17.46B |
Operating income | 5.17B | 1.16B | 4.21B | 7.17B | 4.95B | 3.32B | 2.13B | 1.58B | 1.91B | 1.90B |
Other income (expenses), net | -268.4M | -243.5M | 691.8M | 7.2M | 204.7M | 158.5M | -154.1M | 103.3M | -136.9M | -121.7M |
Income before tax | 4.90B | 922.1M | 4.21B | 7.17B | 5.16B | 3.16B | 2.13B | 1.47B | 1.91B | 1.90B |
Income tax expense | 1.00B | 200.6M | 859.1M | 1.46B | 1.18B | 542.6M | 540.8M | 413.5M | 611.1M | 626.4M |
Net income | 3.90B | 721.5M | 3.35B | 5.70B | 3.97B | 2.61B | 1.59B | 1.03B | 1.26B | 1.28B |
Earnings per share | ||||||||||
Basic EPS | 6.61 | 1.19 | 5.69 | 9.71 | 6.75 | 4.49 | 2.74 | 1.77 | 2.16 | 2.17 |
Diluted EPS | 6.58 | 1.18 | 5.66 | 9.66 | 6.72 | 4.46 | 2.72 | 1.76 | 2.15 | 2.15 |
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