# Progress Software share price today (Progress Software Corporation, PRGS)

> Progress Software Corporation's earnings have grown faster than its share price. Earnings per share grew +7.8% in a year while the price moved +3.5%. PRGS · Technology · Software - Infrastructure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/prgs

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: $44.12 (+3.5% in a year)
- P/E: 20.3× (lower than 59% of the last 1 year)
- Revenue (Aug 2026): $246 M (−1.5% on a year ago)
- Profit (Aug 2026): $22.8 M (+17.3% on a year ago)
- Operating margin: 22.0% (+3.5 points on a year ago)
- ROE: 15%, FY25
- ROIC: 9.5%, against a 7.1% cost of capital: +2.4 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Progress Software share price today? Progress Software Corporation's share price was $44.12 at the close on 3 November 2026. That is 20.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between $26 and $46, and at that close it sat 89% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 3 weeks in a row. Over the last 1 year the share price moved −11% while the S&P 500 moved +21%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Progress Software pay? Progress Software Corporation paid $0.53 per share over the last four reported quarters. The most recent declaration was $0.01 for Nov 2024. At today's price of $44.12 that is a yield of 1.20%, based on dividends already paid, not a forecast. ## Which stock lists is Progress Software on? Progress Software is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Progress Software profitable? Progress Software Corporation earned $22.8 M of net profit in the Aug 2026 quarter, +17.3% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY25 profit was $73.1 M. Over 4 years profit has grown −1.7% a year on average. That is 9.3% of the quarter's revenue. The same quarter a year earlier earned $19.4 M. For the full year, FY25 profit was $73.1 M (+6.9% on the year before). Why profit moved: revenue changed −1.5% on a year earlier and the margin moved +3.5 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +573.5% and revenue +6.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Progress Software make, and is it growing? Progress Software Corporation reported $246 M of revenue in the Aug 2026 quarter, −1.5% on the same quarter a year earlier. Over 4 years it has grown 16.5% a year on average. The last full year, FY25, came in at $978 M. The last four reported quarters add to $1,000 M. FY25 revenue was $978 M, +29.8% on the year before. Recent pace: the last four quarters grew +6.7% on average, against 16.5% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +6.4%, against +18.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +90.4%, against −1.8% a year (accelerating). ## How much of every $100 of sales does Progress Software keep? Progress Software Corporation's operating margin was 22.0% in the Aug 2026 quarter, 3.5 percentage points higher than the same quarter a year ago. Across 5 years it has been between 17.8% and 23.8%. The latest quarter is within that range. Why the margin moved: operating margin changed +3.5 percentage points on the year while gross margin changed +1.1 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Progress Software's profit turning into cash? Over the last 3 years, 293% of Progress Software Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $235 M of operating cash against $73.1 M of profit. After $5.7 M of spending on assets, $229 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Progress Software's cash go? Progress Software Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $16.5 M on assets over the last 3 years. Averaged over those years that is 0.6% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $16.5 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Progress Software's P/E ratio, and how does it compare with its own history? Progress Software Corporation's P/E is 20.3×, in the middle of its own history: higher than 41% of past readings. Its usual P/E (the middle reading) is 21.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +7.8% while the price moved +3.5%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Progress Software business getting better or worse? Progress Software Corporation's business is getting better. Profit growth hit its low 4 quarters ago at −30.3% and has recovered to +90.4%, with ROCE steady at 11.0%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Progress Software earn on its capital? Progress Software Corporation earned a ROE of 15% in FY25. Its return on capital used (ROIC) is 2.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.5% net margin and 0.40× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 7.5% net margin × 0.40× asset turnover × 5.14× leverage (assets divided by equity) ≈ 15.4% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.5% − 7.1% = +2.4 percentage points. The 7.1% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 9.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 8.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Progress Software have too much debt? Progress Software Corporation has total debt of $1.3 B against shareholder equity of $530 M as of Aug 2026, so its debt is 2.39× its equity. Year by year, that ratio went from 1.44 in FY21 to 2.99 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Progress Software shareholding pattern? 11.7% of Progress Software Corporation's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 7.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Progress Software from balance-sheet trouble? For Progress Software Corporation, the Z-score is 1.30. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.30 is inside the danger zone, so the balance sheet is a real risk. ## How does Progress Software rank in its industry? There is no score against its industry: Progress Software Corporation is not among the largest members shown in this industry comparison for Software - Infrastructure. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Progress Software compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Progress Software in size? Progress Software is the 71st largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: C3.ai, Inc., Marqeta, Inc. and Nayax. Just below it: A10 Networks, Inc., StoneCo and NextNav Inc. ### Software - Infrastructure companies close in size

1. [C3.ai, Inc.](https://www.sectoralpha.in/us/stocks/ai) $1.9 billion
2. [Marqeta, Inc.](https://www.sectoralpha.in/us/stocks/mq) $1.9 billion
3. [Nayax Ltd.](https://www.sectoralpha.in/us/stocks/nyax) $1.8 billion
4. Progress Software Corporation $1.8 billion
5. [A10 Networks, Inc.](https://www.sectoralpha.in/us/stocks/aten) $1.8 billion
6. [StoneCo Ltd.](https://www.sectoralpha.in/us/stocks/stne) $1.7 billion
7. [NextNav Inc.](https://www.sectoralpha.in/us/stocks/nn) $1.7 billion

[All 117 Software - Infrastructure companies, largest first](https://www.sectoralpha.in/us/sectors/software-infrastructure#all-companies)

### Companies close in size in other industries

1. [CleanSpark, Inc.](https://www.sectoralpha.in/us/stocks/clsk) $1.8 billion · Capital Markets
2. [S&T Bancorp, Inc.](https://www.sectoralpha.in/us/stocks/stba) $1.8 billion · Banks - Regional
3. Progress Software Corporation $1.8 billion
4. [Plug Power Inc.](https://www.sectoralpha.in/us/stocks/plug) $1.8 billion · Electrical Equipment & Parts
5. [Blue Bird Corporation](https://www.sectoralpha.in/us/stocks/blbd) $1.8 billion · Farm & Heavy Construction Machinery

## What else do people ask about Progress Software? ### What were Progress Software's latest quarterly results? Progress Software Corporation reported revenue of $246 M and net profit of $22.8 M for the Aug 2026 quarter. Revenue fell 1.5% and profit rose 17.3% compared with a year earlier. Earnings per share were $0.55. The operating margin was 22.0%, 3.5 percentage points higher than a year earlier (as of 3 November 2026). ### What is Progress Software's market cap? Progress Software Corporation's market capitalisation is $1.8 B at a stock price of $44.12. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Progress Software performing? Progress Software Corporation's latest readings are below. In its latest quarter, revenue fell 1.5% and profit rose 17.3% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 3 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Progress Software's stock price go up? This page does not forecast Progress Software Corporation's stock price. What it shows instead: the stock price is $44.12. Its P/E of 20.3× is higher than 41% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Progress Software in its business cycle? Progress Software Corporation's FY25 operating margin was 17.8%, against a 5-year range of 17.8% to 23.8%: the low end of its own range, which is often where recoveries start. The latest quarter was 22.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Progress Software story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Progress Software a stock worth studying right now? What the numbers show: Progress Software Corporation's earnings have grown faster than its share price. Earnings per share grew +7.8% in a year while the price moved +3.5%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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