Progress Software Corporation (PRGS)

Progress Software Financials Overview

Financials in millions USD. Fiscal year is December - November.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Revenue Revenue Growth	999.94	977.83	753.41	694.44	602.01	531.31
Revenue Growth	6.36%	29.79%	8.49%	15.35%	13.31%	20.17%
Gross Profit Gross Profit Growth	858.32	831.48	652.15	598.03	529.59	467.8
Operating Income Operating Income Growth	193.87	174.49	157.21	129.8	127.45	126.51
Net Income Net Income Growth	92.41	73.13	68.44	70.2	95.07	78.42
Earnings Per Share EPS Growth	2.18	1.66	1.54	1.57	2.15	1.76
EPS Growth	98.98%	7.79%	-1.91%	-26.98%	22.16%	0%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Software Licenses Software Licenses Growth	265.33	237.89	249.33	220.79	188.34	156.59
Maintenance Maintenance Growth	403.88	410.17	410.56	401.5	362.34	325.86
SaaS SaaS Growth	290.99	287.93	44.56	20.69	-	-
Professional Services Professional Services Growth	39.74	41.84	48.96	51.46	-	-
Revenue (Total) Revenue (Total) Growth	999.94	977.83	753.41	694.44	602.01	531.31

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Cash & Investments Cash & Investments Growth	113.65	94.81	118.08	126.96	256.28	157.37
Total Debt Total Debt Growth	1,265	1,430	1,562	747.11	640.59	594.43
Net Cash (Debt) Net Cash Growth	-1,151	-1,335	-1,444	-620.15	-384.31	-437.06
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-27.12	-30.33	-32.49	-13.89	-8.69	-9.80

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Operating Cash Flow Operating Cash Flow Growth	328.27	235.19	211.49	173.92	192.16	178.53
Capital Expenditures CapEx Growth	-9.13	-5.7	-5.21	-5.57	-6.09	-4.65
Free Cash Flow Free Cash Flow Growth	319.15	229.49	206.29	168.35	186.07	173.88
Free Cash Flow Growth	71.29%	11.24%	22.54%	-9.52%	7.01%	25.70%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Gross Margin	85.84%	85.03%	86.56%	86.12%	87.97%	88.05%
Operating Margin	19.39%	17.84%	20.87%	18.69%	21.17%	23.81%
Pretax Margin	11.09%	8.35%	12.51%	11.47%	19.48%	17.98%
Profit Margin	9.24%	7.48%	9.08%	10.11%	15.79%	14.76%
FCF Margin	31.92%	23.47%	27.38%	24.24%	30.91%	32.73%

Dividends

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Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Dividend Per Share Dividend Per Share Growth	0.530	0.700	0.700	0.700
Dividend Per Share Growth	-24.29%	0%	0%	4.48%
Dividend Yield	0.78%	1.31%	1.32%	1.46%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 26, 2026	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
PE Ratio	21.35	24.30	42.89	33.43	24.12	27.09
Forward PE	7.19	7.48	12.91	12.16	12.63	12.94
P/FCF Ratio	5.95	7.74	14.23	13.94	12.32	12.22
PS Ratio	1.90	1.82	3.90	3.38	3.81	4.00

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Oct 21, 2026

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