Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 26.91% is 20% above its 5-year average of 22.49%, around the middle of its 5-year range (10.06%–37.66%).
3.28% below its 12-month average of 27.82%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
26.91%
GROSS MARGIN AVG TTM
27.82%
GROSS MARGIN AVG 3Y
27.00%
GROSS MARGIN AVG 5Y
22.49%
GROSS MARGIN AVG 10Y
24.02%
GROSS MARGIN AVG 15Y
23.74%
GROSS MARGIN AVG 20Y
22.75%
CURRENT VS TTM AVG
-3.28%
CURRENT VS 3Y AVG
-0.34%
CURRENT VS 5Y AVG
+19.67%
CURRENT VS 10Y AVG
+12.02%
CURRENT VS 15Y AVG
+13.34%
CURRENT VS 20Y AVG
+18.29%
SECTOR MEDIAN · FINANCIAL SERVICES
57.83%
median of 101 covered companies
CURRENT VS SECTOR MEDIAN
-53.47%
vs the sector median at left
The Progressive Corporation
Market Cap
$124.75B
Gross Margin
26.91%
TTM Avg
27.82%
3Y Avg
27.00%
5Y Avg
22.49%
Market Cap
$129.45B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$130.43B
Gross Margin
47.33%
TTM Avg
49.06%
3Y Avg
56.35%
5Y Avg
64.03%
Market Cap
$112.16B
Gross Margin
48.94%
TTM Avg
47.46%
3Y Avg
56.97%
5Y Avg
69.84%
Market Cap
$104.19B
Gross Margin
N/A
TTM Avg
81.39%
3Y Avg
77.91%
5Y Avg
76.48%
Market Cap
$97.76B
Gross Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Progressive Corporation (PGR) | $124.75B | 26.91% | 27.82% | 27.00% | 22.49% |
| S&P Global Inc. (SPGI)vs › | $123.78B | 70.90% | 69.67% | 68.16% | 69.70% |
| Vanguard Dividend Appreciation ETF (VIG)vs › | $129.45B | N/A | N/A | N/A | N/A |
| Chubb Limited (CB)vs › | $130.38B | 29.45% | 29.13% | 27.76% | 26.38% |
| Capital One Financial Corporation (COF)vs › | $130.43B | 47.33% | 49.06% | 56.35% | 64.03% |
| Bank of New York Mellon Corp (BNY)vs › | $112.16B | 48.94% | 47.46% | 56.97% | 69.84% |
| Robinhood Markets, Inc. (HOOD)vs › | $104.19B | N/A | 81.39% | 77.91% | 76.48% |
| CME Group Inc. (CME)vs › | $98.76B | 81.89% | 86.11% | 85.59% | 84.50% |
| Schwab U.S. Dividend Equity ETF (SCHD)vs › | $97.76B | N/A | N/A | N/A | N/A |
| U.S. Bancorp (USB)vs › | $97.02B | 63.78% | 60.80% | 66.50% | 73.95% |
Gross Margin
26.9%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-05-31 | 25.15% |
| 2026-03-31 | 37.66% |
| 2025-12-31 | 29.28% |
| 2025-09-30 | 15.76% |
| 2025-06-30 | 31.28% |
| 2025-03-31 | 30.10% |
| 2024-12-31 | 28.77% |
| 2024-09-30 | 29.48% |
| 2024-06-30 | 23.30% |
| 2024-03-31 | 29.20% |
| 2023-12-31 | 24.81% |
| 2023-09-30 | 19.24% |
| 2023-06-30 | 13.19% |
| 2023-03-31 | 17.89% |
| 2022-12-31 | 19.23% |
| 2022-09-30 | 13.97% |
| 2022-06-30 | 10.06% |
| 2022-03-31 | 17.02% |
| 2021-12-31 | 21.36% |
| 2021-09-30 | 13.92% |
| 2021-06-30 | 21.55% |
| 2021-03-31 | 30.20% |
| 2020-12-31 | 31.71% |
| 2020-09-30 | 31.02% |
| 2020-06-30 | 44.23% |
| 2020-03-31 | 25.54% |
| 2019-12-31 | 25.76% |
| 2019-09-30 | 24.64% |
| 2019-06-30 | 27.19% |
| 2019-03-31 | 30.39% |
| 2018-12-31 | 17.35% |
| 2018-09-30 | 27.14% |
| 2018-06-30 | 25.03% |
| 2018-03-31 | 26.36% |
| 2017-12-31 | 23.45% |
| 2017-09-30 | 17.62% |
| 2017-06-30 | 22.28% |
| 2017-03-31 | 24.53% |
| 2016-12-31 | 21.36% |
| 2016-09-30 | 17.82% |
| 2016-06-30 | 19.11% |
| 2016-03-31 | 21.59% |
| 2015-12-31 | 23.37% |
| 2015-09-30 | 22.63% |
| 2015-06-30 | 23.55% |
| 2015-03-31 | 23.35% |
| 2014-12-31 | 23.73% |
| 2014-09-30 | 23.08% |
| 2014-06-30 | 23.05% |
| 2014-03-31 | 23.99% |
| 2013-12-31 | 22.60% |
| 2013-09-30 | 21.97% |
| 2013-06-30 | 24.15% |
| 2013-03-31 | 24.54% |
| 2012-12-31 | 24.62% |
| 2012-09-30 | 22.51% |
| 2012-06-30 | 18.47% |
| 2012-03-31 | 24.28% |
| 2011-12-31 | 21.54% |
| 2011-09-30 | 18.67% |
| 2011-06-30 | 22.30% |
| 2011-03-31 | 26.68% |
| 2010-12-31 | 22.94% |
| 2010-09-30 | 23.18% |
| 2010-06-30 | 21.82% |
| 2010-03-31 | 24.81% |
| 2009-12-31 | 22.94% |
| 2009-09-30 | 22.43% |
| 2009-06-30 | 21.96% |
| 2009-03-31 | 22.92% |
| 2008-12-31 | 17.87% |
| 2008-09-30 | -29.27% |
| 2008-06-30 | 20.49% |
| 2008-03-31 | 10.54% |
| 2007-12-31 | 10.31% |
| 2007-09-30 | 22.99% |
| 2007-06-30 | 22.64% |
| 2007-03-31 | 15.18% |
| 2006-12-31 | 16.73% |
| 2006-09-30 | 16.94% |
| 2006-06-30 | 16.75% |
| 2006-03-31 | 18.50% |
| 2005-12-31 | 12.21% |
| 2005-09-30 | 13.19% |
| 2005-06-30 | 17.19% |
| 2005-03-31 | 18.43% |
| 2004-12-31 | 17.55% |
| 2004-09-30 | 17.73% |
| 2004-06-30 | 17.94% |
| 2004-03-31 | 21.58% |
| 2003-12-31 | 17.65% |
| 2003-09-30 | 16.51% |
| 2003-06-30 | 15.67% |
| 2003-03-31 | 17.15% |
| 2002-12-31 | 9.78% |
| 2002-09-30 | 11.99% |
