Progress Software Corp income statement

In fiscal 2025, Progress Software Corp reported revenue of $978m, up 29.8% on the year before, operating income of $153m (a 15.7% margin) and net income of $73.1m, or $1.66 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Progress Software Corp: income statement, annual
Fiscal year	2009Nov 2009	2010Nov 2010	2011Nov 2011	2012Nov 2012	2013Nov 2013	2014Nov 2014	2015Nov 2015	2016Nov 2016	2017Nov 2017	2018Nov 2018	2019Nov 2019	2020Nov 2020	2021Nov 2021	2022Nov 2022	2023Nov 2023	2024Nov 2024	2025Nov 2025	LTMAug 2026
Revenue	494	352	334	318	334	333	378	405	398	379	413	442	531	602	694	753	978	1,000
Cost of revenue	93	41	37	36	35	34	64	66	69	67	75	62	78	94	127	130	188	178
Gross profit	401	310	297	281	299	298	314	340	320	312	338	380	453	508	568	623	790	822
Research and development	93	50	38	44	57	59	87	89	77	80	89	89	103	115	132	146	192	195
Selling and marketing	182	92	84	99	106	101	125	122	101	93	102	100	126	141	156	165	211	215
General and administrative	60	51	62	62	56	48	57	47	46	49	53	54	65	78	83	90	108	114
Operating income	51	91	109	68	64	81	15	−30	57	68	40	108	116	132	111	124	153	177
Interest expense	—	—	—	—	1	1	4	4	5	5	10	10	20	16	31	32	71	65
Income before tax	51	95	108	68	63	78	12	−35	52	61	28	97	96	117	80	94	82	111
Income tax	18	33	37	23	23	28	21	20	23	11	2	17	17	22	9	26	8	19
Net income	33	48	60	47	75	49	−9	−56	29	50	26	80	78	95	70	68	73	92
Diluted EPS	$0.53	$0.73	$0.88	$0.74	$1.35	$0.96	−$0.17	−$1.13	$0.60	$1.08	$0.58	$1.76	$1.76	$2.15	$1.57	$1.54	$1.66	$2.18
Diluted shares (average)	62m	66m	68m	64m	55m	51m	50m	49m	49m	46m	45m	45m	45m	44m	45m	44m	44m	42m
EBITDA	63	102	118	77	74	91	24	−21	65	75	48	114	122	137	117	130	159	183

US$ millions unless shown otherwise. Fiscal quarters.

Progress Software Corp: income statement, quarterly
Quarter	2024 Q4Nov 2024	2025 Q1Feb 2025	2025 Q2May 2025	2025 Q3Aug 2025	2025 Q4Nov 2025	2026 Q1Feb 2026	2026 Q2May 2026	2026 Q3Aug 2026
Revenue	215	238	237	250	253	248	253	246
Cost of revenue	37	46	47	48	47	44	45	42
Gross profit	178	192	190	202	206	204	209	204
Research and development	41	46	47	49	50	50	49	46
Selling and marketing	50	51	50	52	58	52	54	50
General and administrative	26	26	26	28	29	27	32	27
Operating income	22	32	39	44	38	46	45	47
Interest expense	11	18	18	18	17	15	16	17
Income before tax	12	13	20	26	22	30	29	30
Income tax	11	2	3	7	−3	7	8	7
Net income	1	11	17	19	26	23	21	23
Diluted EPS	$0.02	$0.24	$0.39	$0.44	$0.59	$0.53	$0.50	$0.55
EBITDA	23	34	40	45	40	48	47	48

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Progress Software Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Progress Software Corp.