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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.02B | $22.19B | $22.75B | $22.51B | $21.64B | $20.41B | $20.28B | $19.72B |
| Cost of revenue | $16.14B | $15.37B | $14.73B | $15.95B | $15.12B | $14.26B | $14.44B | $13.90B |
| Gross profit | $6.88B | $6.82B | $8.02B | $6.56B | $6.52B | $6.15B | $5.84B | $5.82B |
| Gross margin | 29.9% | 30.8% | 35.2% | 29.1% | 30.1% | 30.1% | 28.8% | 29.5% |
| Selling, general and administrative | $3.01B | $3.05B | $2.91B | $3.02B | $2.69B | $2.72B | $2.68B | $2.67B |
| Operating expenses | $19.31B | $18.55B | $19.00B | $19.12B | $17.95B | $17.10B | $17.24B | $16.70B |
| Operating income | $3.71B | $3.64B | $3.75B | $3.39B | $3.68B | $3.31B | $3.04B | $3.02B |
| Operating margin | 16.1% | 16.4% | 16.5% | 15.1% | 17.0% | 16.2% | 15.0% | 15.3% |
| EBITDA | $3.76B | $3.66B | $3.79B | $3.45B | $3.73B | $3.36B | $3.11B | $3.08B |
| Interest expense | −$88.00M | −$70.00M | −$69.00M | −$70.00M | −$69.00M | −$70.00M | −$70.00M | −$70.00M |
| Income before taxes | $4.21B | $3.57B | $3.68B | $3.32B | $3.98B | $3.24B | $2.97B | $2.95B |
| Income taxes | $898.00M | $748.00M | $731.00M | $708.00M | $807.00M | $669.00M | $611.00M | $612.00M |
| Net income | $3.31B | $2.82B | $2.95B | $2.62B | $3.18B | $2.57B | $2.36B | $2.33B |
| Net margin | 14.4% | 12.7% | 13.0% | 11.6% | 14.7% | 12.6% | 11.6% | 11.8% |
| EPS, basic | $5.68 | $4.81 | $5.03 | $4.46 | $5.42 | $4.38 | $4.02 | $3.98 |
| EPS, diluted | $5.67 | $4.80 | $5.01 | $4.45 | $5.40 | $4.37 | $4.00 | $3.97 |
| Diluted shares | 584.20M | 586.90M | 588.70M | 588.20M | 587.80M | 587.70M | 588.50M | 587.60M |
Figures describe Progressive shares, not any token. As of Aug 3, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.