Progress Software Corp (PRGS) financials
Progress Software revenue and earnings by year
Progress Software's revenue was $978 million in the fiscal year to November 30, 2025, up 29.8% from the year before. Net income was $73.1 million, 7.5% of revenue. Since the fiscal year to November 30, 2016, revenue has grown 10.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 978 | 753 | 694 | 602 | 531 | 442 | 413 | 379 | 389 | 405 |
| Revenue growth | 29.8% | 8.5% | 15.4% | 13.3% | 20.2% | 7.0% | 9.1% | -2.6% | -4.0% | — |
| Gross profit | 790 | 623 | 568 | 508 | 453 | 380 | 338 | 312 | 320 | 340 |
| Gross margin | 80.8% | 82.7% | 81.8% | 84.3% | 85.2% | 86.0% | 81.8% | 82.3% | 82.2% | 83.8% |
| Operating income | 153 | 124 | 111 | 132 | 116 | 108 | 40 | 68 | 57 | -30 |
| Operating margin | 15.7% | 16.5% | 15.9% | 21.9% | 21.9% | 24.4% | 9.7% | 17.9% | 14.8% | -7.3% |
| Net income | 73 | 68 | 70 | 95 | 78 | 80 | 26 | 50 | 29 | -56 |
| Net margin | 7.5% | 9.1% | 10.1% | 15.8% | 14.8% | 18.0% | 6.4% | 13.1% | 7.5% | -13.7% |
| Diluted EPS | $1.66 | $1.54 | $1.57 | $2.15 | $1.76 | $1.75 | $0.58 | $1.08 | — | -$1.17 |
| Free cash flow | 229 | 206 | 168 | 172 | 174 | 139 | 126 | 114 | 104 | 97 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PRGS in Markets.
How Progress Software makes money
Revenue by segment in the quarter to August 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Maintenance & Services | $182M | 74.2% |
| Software Licenses | $63.6M | 25.8% |
See also: PRGS valuation and P/E history · PRGS returns
No forecast, no recommendation. This page describes Progress Software Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.