Progressive Gross Margin 2010-2025 | PGR
- Progressive average gross margin for 2024 was 14.14%, a 131.42% increase from 2023.
- Progressive average gross margin for 2023 was 6.11%, a 36.69% increase from 2022.
- Progressive average gross margin for 2022 was 4.47%, a 68.76% increase from 2021.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.