Progress Software Corporation (PRGS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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PRGS Revenue Growth
Revenue Breakdown (FY 2025)
PRGS's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PRGS Revenue Analysis (2014–2025)
As of May 8, 2026, Progress Software Corporation (PRGS) generated trailing twelve-month (TTM) revenue of $977.8 million, reflecting strong growth of +17.5% year-over-year. The most recent quarter (Q4 2025) recorded $252.7 million in revenue, up 1.1% sequentially.
Looking at the longer-term picture, PRGS's 5-year compound annual growth rate (CAGR) stands at +17.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $977.8 million in 2025, representing a new all-time high.
Revenue diversification analysis shows PRGS's business is primarily driven by Maintenance and Services (76%), and Software Licenses (24%). With over half of revenue concentrated in Maintenance and Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including GWRE (+23.7% YoY), PDFS (+24.4% YoY), and PEGA (+3.5% YoY), PRGS has underperformed the peer group in terms of revenue growth. Compare PRGS vs GWRE →
PRGS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PRGSCurrent | $978M | +17.5% | +17.2% | 15.7% | |
 GWRE | $1.2B | +23.7% | +10.1% | 3.4% | |
 PDFS | $219M | +24.4% | +20.0% | 2.7% | |
 PEGA | $1.7B | +3.5% | +11.4% | 15.1% | |
 APPN | $727M | +20.4% | +19.0% | 0.1% | |
 MSFT | $281.7B | +17.9% | +14.5% | 45.6% |
PRGS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $977.8M | +29.8% | $790.3M | 80.8% | $153.3M | 15.7% |
| 2024 | $753.4M | +8.5% | $622.9M | 82.7% | $124.0M | 16.5% |
| 2023 | $694.4M | +15.4% | $567.9M | 81.8% | $110.5M | 15.9% |
| 2022 | $602.0M | +13.3% | $507.5M | 84.3% | $132.1M | 21.9% |
| 2021 | $531.3M | +20.2% | $452.9M | 85.2% | $116.1M | 21.9% |
| 2020 | $442.1M | +7.0% | $380.0M | 86.0% | $107.7M | 24.4% |
| 2019 | $413.3M | +4.1% | $338.1M | 81.8% | $40.1M | 9.7% |
| 2018 | $397.2M | -0.1% | $312.0M | 78.6% | $67.8M | 17.1% |
| 2017 | $397.6M | -1.9% | $320.0M | 80.5% | $57.5M | 14.5% |
| 2016 | $405.3M | +7.4% | $339.6M | 83.8% | $-29,709,000 | -7.3% |
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Start ComparisonPRGS — Frequently Asked Questions
Quick answers to the most common questions about buying PRGS stock.
Is PRGS's revenue growth accelerating or slowing?
PRGS revenue is accelerating at +17.5% year-over-year, exceeding the 5-year CAGR of +17.2%. TTM revenue reached $978M. Growth momentum has increased versus prior periods.
What is PRGS's long-term revenue growth rate?
Progress Software Corporation's 5-year revenue CAGR of +17.2% reflects the sustained expansion pattern. Current YoY growth of +17.5% is above this long-term average.
How is PRGS's revenue distributed by segment?
PRGS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.