Progress Software Income Statement

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

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	987.62	977.83	753.41	694.44	602.01	531.31
Revenue Growth (YoY)	22.42%	29.79%	8.49%	15.35%	13.31%	20.17%
Cost of Revenue	185.21	187.58	130.48	126.58	94.5	78.45
Gross Profit	802.4	790.25	622.93	567.86	507.52	452.86
Selling, General & Admin	320.81	319.23	254.09	239.23	218.64	191.02
Depreciation & Amortization Expenses	104.08	104.27	65.29	66.43	46.87	32
Research & Development	196.36	192.27	146.34	132.4	114.57	103.34
Other Operating Expenses	13.82	21.2	33.2	19.28	-4.69	10.41
Total Operating Expenses	635.07	636.96	498.92	457.34	375.39	336.76
Operating Income	167.33	153.29	124	110.52	132.13	116.1
Interest Income	1.59	1.76	4.73	2.54	1.41	0.78
Interest Expense	-67.67	-70.85	-32.01	-30.78	-15.79	-20.05
Other Non-Operating Income (Expense)	-71.34	-74.23	-32.2	-33.49	-15.38	-21.87
Total Non-Operating Income (Expense)	-137.42	-143.32	-59.48	-61.73	-29.75	-41.14
Pretax Income	98.62	81.63	94.26	79.66	117.26	95.53
Provision for Income Taxes	13.62	8.5	25.83	9.46	22.19	17.11
Net Income	85	73.13	68.44	70.2	95.07	78.42
Net Income to Common	85	73.13	68.44	70.2	95.07	78.42
Net Income Growth	49.79%	6.86%	-2.51%	-26.16%	21.23%	-1.63%
Shares Outstanding (Basic)	43	43	43	43	43	44
Shares Outstanding (Diluted)	43	44	44	45	44	45
Shares Change (YoY)	-2.58%	-0.92%	-0.52%	0.93%	-0.84%	-1.55%
EPS (Basic)	1.99	1.70	1.58	1.62	2.19	1.79
EPS (Diluted)	1.95	1.66	1.54	1.57	2.15	1.76
EPS Growth	53.37%	7.79%	-1.91%	-26.98%	22.16%	-
Shares Outstanding	42.07	42.34	43.36	43.8	43.26	44.15
Free Cash Flow	254.89	229.49	206.29	168.35	186.07	173.88
Free Cash Flow Growth	11.07%	11.24%	22.54%	-9.52%	7.01%	25.70%
Free Cash Flow Per Share	5.86	5.21	4.64	3.77	4.21	3.90
Dividends Per Share	-	-	0.530	0.700	0.700	0.700
Dividend Growth	-	-	-24.29%	-	-	4.48%
Gross Margin	81.25%	80.82%	82.68%	81.77%	84.30%	85.23%
Operating Margin	16.94%	15.68%	16.46%	15.92%	21.95%	21.85%
Profit Margin	8.61%	7.48%	9.08%	10.11%	15.79%	14.76%
FCF Margin	25.81%	23.47%	27.38%	24.24%	30.91%	32.73%
EBITDA	435.06	305.01	227.05	213.67	206.86	169.09
EBITDA Margin	44.05%	31.19%	30.14%	30.77%	34.36%	31.82%
EBIT	167.33	153.29	124	110.52	132.13	116.1
EBIT Margin	16.94%	15.68%	16.46%	15.92%	21.95%	21.85%
Effective Tax Rate	13.81%	10.41%	27.40%	11.88%	18.92%	17.91%

Updated Mar 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q