Progressive annual net debt
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Progressive Net Debt Growth & History (PGR)
Progressive's net debt was $6.96B for fiscal 2025.
View full Progressive company overviewProgressive annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $6.96B | $29.0M | +0.42% |
| 2024 | 2024-12-31 | $6.93B | −$31.0M | −0.45% |
| 2023 | 2023-12-31 | $6.97B | $661.5M | +10.49% |
| 2022 | 2022-12-31 | $6.30B | $1.43B | +29.25% |
| 2021 | 2021-12-31 | $4.88B | −$620.9M | −11.29% |
| 2020 | 2020-12-31 | $5.50B | $1.12B | +25.50% |
| 2019 | 2019-12-31 | $4.38B | $51.3M | +1.18% |
| 2018 | 2018-12-31 | $4.33B | $1.30B | +42.85% |
| 2017 | 2017-12-31 | $3.03B | $109.2M | +3.74% |
| 2016 | 2016-12-31 | $2.92B | $438.3M | +17.65% |
| 2015 | 2015-12-31 | $2.48B | $427.2M | +20.78% |
| 2014 | 2014-12-31 | $2.06B | $270.5M | +15.15% |
| 2013 | 2013-12-31 | $1.79B | −$98.2M | −5.21% |
| 2012 | 2012-12-31 | $1.88B | −$402.4M | −17.60% |
| 2011 | 2011-12-31 | $2.29B | $487.1M | +27.07% |
| 2010 | 2010-12-31 | $1.80B | −$217.2M | −10.77% |
| 2009 | 2009-12-31 | $2.02B | −$156.1M | −7.18% |
| 2008 | 2008-12-31 | $2.17B | — | — |
Progressive quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $8.19B | $1.43B | +21.21% |
| Q1 2026 | 2026-03-31 | $8.21B | $1.52B | +22.73% |
| Q4 2025 | 2025-12-31 | $6.96B | $29.0M | +0.42% |
| Q3 2025 | 2025-09-30 | $6.71B | −$34.0M | −0.50% |
| Q2 2025 | 2025-06-30 | $6.76B | −$29.0M | −0.43% |
| Q1 2025 | 2025-03-31 | $6.69B | −$35.0M | −0.52% |
| Q4 2024 | 2024-12-31 | $6.93B | −$31.0M | −0.45% |
| Q3 2024 | 2024-09-30 | $6.75B | −$4.2M | −0.06% |
| Q2 2024 | 2024-06-30 | $6.79B | $82.0M | +1.22% |
| Q1 2024 | 2024-03-31 | $6.72B | $621.3M | +10.18% |
| Q4 2023 | 2023-12-31 | $6.97B | $661.5M | +10.49% |
| Q3 2023 | 2023-09-30 | $6.75B | $727.1M | +12.07% |
| Q2 2023 | 2023-06-30 | $6.71B | $561.0M | +9.13% |
| Q1 2023 | 2023-03-31 | $6.10B | $2.4M | +0.04% |
| Q4 2022 | 2022-12-31 | $6.30B | $1.43B | +29.25% |
| Q3 2022 | 2022-09-30 | $6.02B | $1.41B | +30.55% |
| Q2 2022 | 2022-06-30 | $6.15B | $863.1M | +16.34% |
| Q1 2022 | 2022-03-31 | $6.10B | $824.7M | +15.64% |
| Q4 2021 | 2021-12-31 | $4.88B | −$620.9M | −11.29% |
| Q3 2021 | 2021-09-30 | $4.61B | −$877.8M | −15.99% |
| Q2 2021 | 2021-06-30 | $5.28B | −$185.1M | −3.39% |
| Q1 2021 | 2021-03-31 | $5.27B | $60.7M | +1.16% |
| Q4 2020 | 2020-12-31 | $5.50B | $1.12B | +25.50% |
| Q3 2020 | 2020-09-30 | $5.49B | $926.1M | +20.29% |
| Q2 2020 | 2020-06-30 | $5.47B | $950.7M | +21.05% |
| Q1 2020 | 2020-03-31 | $5.21B | $754.8M | +16.93% |
| Q4 2019 | 2019-12-31 | $4.38B | $51.3M | +1.18% |
| Q3 2019 | 2019-09-30 | $4.56B | $827.2M | +22.13% |
| Q2 2019 | 2019-06-30 | $4.52B | $815.5M | +22.03% |
| Q1 2019 | 2019-03-31 | $4.46B | $795.5M | +21.72% |
| Q4 2018 | 2018-12-31 | $4.33B | $1.30B | +42.85% |
| Q3 2018 | 2018-09-30 | $3.74B | $681.3M | +22.29% |
| Q2 2018 | 2018-06-30 | $3.70B | $480.2M | +14.91% |
| Q1 2018 | 2018-03-31 | $3.66B | $765.9M | +26.44% |
| Q4 2017 | 2017-12-31 | $3.03B | $109.2M | +3.74% |
| Q3 2017 | 2017-09-30 | $3.06B | $45.4M | +1.51% |
| Q2 2017 | 2017-06-30 | $3.22B | $692.2M | +27.37% |
| Q1 2017 | 2017-03-31 | $2.90B | $399.0M | +15.97% |
| Q4 2016 | 2016-12-31 | $2.92B | $438.3M | +17.65% |
| Q3 2016 | 2016-09-30 | $3.01B | $490.7M | +19.47% |
| Q2 2016 | 2016-06-30 | $2.53B | $54.2M | +2.19% |
| Q1 2016 | 2016-03-31 | $2.50B | $39.1M | +1.59% |
| Q4 2015 | 2015-12-31 | $2.48B | $427.2M | +20.78% |
| Q3 2015 | 2015-09-30 | $2.52B | $446.1M | +21.51% |
| Q2 2015 | 2015-06-30 | $2.48B | $393.3M | +18.89% |
| Q1 2015 | 2015-03-31 | $2.46B | $694.0M | +39.33% |
| Q4 2014 | 2014-12-31 | $2.06B | $270.5M | +15.15% |
| Q3 2014 | 2014-09-30 | $2.07B | $164.0M | +8.59% |
| Q2 2014 | 2014-06-30 | $2.08B | $114.9M | +5.84% |
| Q1 2014 | 2014-03-31 | $1.76B | −$188.7M | −9.66% |
| Q4 2013 | 2013-12-31 | $1.79B | −$98.2M | −5.21% |
| Q3 2013 | 2013-09-30 | $1.91B | $39.2M | +2.10% |
| Q2 2013 | 2013-06-30 | $1.97B | $69.7M | +3.67% |
| Q1 2013 | 2013-03-31 | $1.95B | $29.3M | +1.52% |
| Q4 2012 | 2012-12-31 | $1.88B | −$402.4M | −17.60% |
| Q3 2012 | 2012-09-30 | $1.87B | −$403.1M | −17.73% |
| Q2 2012 | 2012-06-30 | $1.90B | $87.9M | +4.86% |
| Q1 2012 | 2012-03-31 | $1.92B | $120.8M | +6.70% |
| Q4 2011 | 2011-12-31 | $2.29B | $487.1M | +27.07% |
| Q3 2011 | 2011-09-30 | $2.27B | $470.8M | +26.11% |
| Q2 2011 | 2011-06-30 | $1.81B | −$214.9M | −10.62% |
| Q1 2011 | 2011-03-31 | $1.80B | −$219.4M | −10.85% |
| Q4 2010 | 2010-12-31 | $1.80B | −$217.2M | −10.77% |
| Q3 2010 | 2010-09-30 | $1.80B | −$201.5M | −10.05% |
| Q2 2010 | 2010-06-30 | $2.02B | $8.6M | +0.43% |
| Q1 2010 | 2010-03-31 | $2.02B | — | — |
| Q4 2009 | 2009-12-31 | $2.02B | −$156.1M | −7.18% |
| Q3 2009 | 2009-09-30 | $2.00B | — | — |
| Q2 2009 | 2009-06-30 | $2.02B | — | — |
| Q4 2008 | 2008-12-31 | $2.17B | — | — |
Progressive net debt trends
Over the last five fiscal years, Progressive's net debt increased from $5.50B to $6.96B, a change of $1.47B. The latest reported quarter, Q2 2026, shows $8.19B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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