The Progressive (PGR) Revenue — Quarter Ended Mar 31, 2023
Revenue rose compared to both the prior quarter and the same quarter last year. The growth indicates strong business performance during the period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue rose compared to both the prior quarter and the same quarter last year. The growth indicates strong business performance during the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.3B
Revenue reported for this quarter.
Quarter-over-quarter
+6.2%
Change from the immediately preceding quarter.
Year-over-year
+20.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$52.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $11.5B | -3.2% |
| Sep 30, 2022 | $12.8B | +7.8% |
| Dec 31, 2022 | $13.5B | +7.8% |
| Mar 31, 2023 | $14.3B | +20.8% |
Revenue performance
The quarter's revenue was higher than the previous quarter and significantly above the level achieved in the same quarter a year ago.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased, and it also exceeded the figure from the same quarter one year earlier.
What to watch
The sustainability of this revenue growth trend will be a key area to observe in upcoming quarters.