Progress Tax Provision from 2010 to 2025

PRGS Stock  USD 55.19  0.19  0.35%   
Progress Software Tax Provision yearly trend continues to be comparatively stable with very little volatility. Tax Provision will likely drop to about 14.3 M in 2025. Tax Provision is the amount set aside by Progress Software to cover any estimated taxes for the current period. It reflects Progress Software's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-02-28
Previous Quarter
5.8 M
Current Value
11.1 M
Quarterly Volatility
3.6 M
 
Covid
Check Progress Software financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Progress Software's main balance sheet or income statement drivers, such as Depreciation And Amortization of 124.6 M, Interest Expense of 38.7 M or Total Revenue of 909.7 M, as well as many indicators such as Price To Sales Ratio of 2.46, Dividend Yield of 0.0154 or PTB Ratio of 4.73. Progress financial statements analysis is a perfect complement when working with Progress Software Valuation or Volatility modules.
  
Check out the analysis of Progress Software Correlation against competitors.
For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.

Latest Progress Software's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Progress Software over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Progress Software's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Progress Software's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Pretty Stable
   Tax Provision   
       Timeline  

Progress Tax Provision Regression Statistics

Arithmetic Mean18,814,108
Geometric Mean16,827,117
Coefficient Of Variation33.69
Mean Deviation4,688,166
Median21,155,000
Standard Deviation6,338,457
Sample Variance40.2T
Range26.1M
R-Value(0.21)
Mean Square Error41.2T
R-Squared0.04
Significance0.45
Slope(273,578)
Total Sum of Squares602.6T

Progress Tax Provision History

202514.3 M
202423.2 M
202325.8 M
20229.5 M
202122.2 M
202017.1 M
201916.9 M

About Progress Software Financial Statements

Progress Software shareholders use historical fundamental indicators, such as Tax Provision, to determine how well the company is positioned to perform in the future. Although Progress Software investors may analyze each financial statement separately, they are all interrelated. The changes in Progress Software's assets and liabilities, for example, are also reflected in the revenues and expenses on on Progress Software's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Tax Provision23.2 M14.3 M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Progress Stock Analysis

When running Progress Software's price analysis, check to measure Progress Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.