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Progress Software PRGS Q2 2026 earnings

Reported June 30, 2026 · After market close

Revenue$253.5MBeat by $10.7M
EPS$0.50Miss by $0.99
Revenue estimate$242.7M
EPS estimate$1.49
“Q2 was another strong quarter for Progress, highlighted by broad-based demand across our portfolio and driven meaningfully by continued momentum in our AI-powered offerings, Our teams are executing well against our strategy, while maintaining the operational discipline that enables us to invest in innovation, strengthen the balance sheet, and continue to create long-term value for shareholders. As we look ahead, we remain confident that our customers will leverage our products to accelerate their AI and digital transformation initiatives.”
Yogesh Gupta

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$253.5M+6.8%
Gross profit$208.6M+9.7%
Operating income$45.2M+17.1%
Net income$21.1M+23.7%
EPS (diluted)$0.50+28.2%

Balance sheet

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Cash & equivalents$103.0M+1.0%
Total debt$884.6M-15.7%
Total equity$506.1M+11.8%
Total assets$2.3B-2.8%

Cash flow

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Operating cash flow$78.8M+163%
CapEx$1.9M+277%
Free cash flow$77.0M+161%

Valuation & ratios

Valuation

as of 05/31/26
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Market cap$1.38B-48.1%
Enterprise value$2.16B-40.0%
P/E15.5×-30.7×
P/S1.4×-1.7×

Profitability

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Gross margin81.8%+0.1pp
Operating margin17.3%+2.0pp
Net margin8.9%+2.2pp
FCF margin30.4%+10.8pp

Returns & leverage

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Return on equity18.6%+5.1pp
Debt / equity1.7×-0.6×
Current ratio0.8×+0.4×

Segments

By geography

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North America$162.5M+10.3%
EMEA$70.6M-3.3%
Asia Pacific$14.5M+19.8%
Latin America$5.8M+19.3%

By product

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Maintenance$101.2M-2.2%
SaaS$73.0M+1.2%
Software licenses$69.0M+35.8%
Professional services$10.3M-6.4%

By segment

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Reportable Segment$253.5M+6.8%

FAQ

When did Progress Software report Q2 2026 earnings?
Progress Software (PRGS) reported Q2 2026 earnings on June 30, 2026 after market close.
What were Progress Software's Q2 2026 revenue and EPS?
Progress Software reported revenue of $253.5M and eps of $0.50 for Q2 2026.
Did Progress Software beat estimates in Q2 2026?
Revenue beat the consensus estimate of $242.7M by $10.7M. EPS missed the consensus estimate of $1.49 by $0.99.
How did Progress Software's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.8% from $237.4M a year earlier and eps declined 64.3% from $1.40.
Where can I find Progress Software's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000876167-26-000077) and the 10-Q periodic report (0000876167-26-000078) directly on SEC EDGAR. The filing index links above go to sec.gov.