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Bank of America vs Progressive: revenue, profit, margins and growth compared

Bank of America brought in $113.1B of revenue in fiscal 2025, Progressive $87.7B in fiscal 2025. Revenue changed by +6.8% at Bank of America and +16.3% at Progressive on the year before, so Progressive grew faster. Bank of America kept 27.0% of its revenue as net profit, Progressive 12.9%.

Side by side, latest fiscal year

BACPGR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$113.1B$87.7B
Revenue growth+6.8%+16.3%
Net income$30.5B$11.3B
Net margin27.0%12.9%
Free cash flown/a$17.2B
Free cash flow marginn/a19.6%
Earnings per share (diluted)$3.81$19.23
Cash$231.8B$138M
Debt$317.8B$0
Price to earnings14.910.7
Market value$396.5B$119.5B
Dividend yield1.90%6.76%
Rank by revenue in sector#5 of 495 · Finance#6 of 495 · Finance

Over the years

Revenue
BAC FY2018: $91BBAC FY2019: $91.2BBAC FY2020: $85.5BBAC FY2021: $89.1BBAC FY2022: $95BBAC FY2023: $102.8BBAC FY2024: $105.9BBAC FY2025: $113.1BPGR FY2018: $32BPGR FY2019: $39BPGR FY2020: $42.7BPGR FY2021: $47.7BPGR FY2022: $49.6BPGR FY2023: $62.1BPGR FY2024: $75.4BPGR FY2025: $87.7BFY18FY19FY20FY21FY22FY23FY24FY25
BAC $113.1BPGR $87.7B
Net income
BAC FY2018: $28.1BBAC FY2019: $27.4BBAC FY2020: $17.9BBAC FY2021: $32BBAC FY2022: $27.5BBAC FY2023: $26.3BBAC FY2024: $27BBAC FY2025: $30.5BPGR FY2018: $2.6BPGR FY2019: $4BPGR FY2020: $5.7BPGR FY2021: $3.4BPGR FY2022: $722MPGR FY2023: $3.9BPGR FY2024: $8.5BPGR FY2025: $11.3BFY18FY19FY20FY21FY22FY23FY24FY25
BAC $30.5BPGR $11.3B
Net margin
BAC FY2018: 30.9%BAC FY2019: 30.1%BAC FY2020: 20.9%BAC FY2021: 35.9%BAC FY2022: 29.0%BAC FY2023: 25.6%BAC FY2024: 25.5%BAC FY2025: 27.0%PGR FY2018: 8.2%PGR FY2019: 10.2%PGR FY2020: 13.4%PGR FY2021: 7.0%PGR FY2022: 1.5%PGR FY2023: 6.3%PGR FY2024: 11.3%PGR FY2025: 12.9%FY18FY19FY20FY21FY22FY23FY24FY25
BAC 27.0%PGR 12.9%
Revenue growth
BAC FY2019: +0.2%BAC FY2020: -6.3%BAC FY2021: +4.2%BAC FY2022: +6.6%BAC FY2023: +8.2%BAC FY2024: +3.0%BAC FY2025: +6.8%PGR FY2019: +22.0%PGR FY2020: +9.3%PGR FY2021: +11.8%PGR FY2022: +4.0%PGR FY2023: +25.2%PGR FY2024: +21.4%PGR FY2025: +16.3%FY19FY20FY21FY22FY23FY24FY25
BAC +6.8%PGR +16.3%
Free cash flow
PGR FY2018: $6BPGR FY2019: $5.9BPGR FY2020: $6.7BPGR FY2021: $7.5BPGR FY2022: $6.6BPGR FY2023: $10.4BPGR FY2024: $14.8BPGR FY2025: $17.2BFY18FY19FY20FY21FY22FY23FY24FY25
BACPGR $17.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Bank of America and Progressive

Which is bigger by revenue, Bank of America or Progressive?

Bank of America is bigger by revenue: $113.1B in fiscal 2025, against $87.7B for Progressive in fiscal 2025.

Which keeps more of its revenue as profit, Bank of America or Progressive?

Bank of America had a net margin of 27.0% in fiscal 2025; Progressive had 12.9% in fiscal 2025.

Which grew revenue faster, Bank of America or Progressive?

In their latest fiscal years revenue changed by +6.8% at Bank of America and +16.3% at Progressive.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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