PagerDuty (PD) Net Margin (2018 - 2026)
PagerDuty (PD) recorded Net Margin of 3.80% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 4.12 percentage points from 7.92% a year earlier and down 4.67 percentage points from the prior quarter.
PagerDuty (PD) Net Margin (2018 - 2026) Analysis & Trends
On a TTM basis, PagerDuty's Net Margin came in at 37.50% as of Jul 31, 2026, up 40.37 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 35.30%, up 46.95 percentage points from FY2025.
- Annual Net Margin has increased for four straight fiscal years, with a five-year change of +67.56 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Net Margin came in at -11.65% in FY2025 (+7.33 pp), -18.98% in FY2024 (+15.65 pp), -34.63% in FY2023 (+3.55 pp) and -38.19% in FY2022 (-5.92 pp).
- The fiscal Q2 2027 figure is the lowest quarterly Net Margin since fiscal Q1 2026.
- On a year-over-year basis, Net Margin rose in seven of the last eight quarters, with an average year-over-year change of +27.97 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 133.62 percentage points in fiscal Q3 2026, against a drop of 9.80 percentage points in fiscal Q1 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 8.47% (Q1 2027), 8.83% (Q4 2026) and 128.11% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 29.61% |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 3.97% |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 14.41% |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 3.25% |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | 7.38% |
| 10 | PagerDuty | 1.19 Bn | -729.06 Mn | 104.40 Mn | 3.80% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 3.80% |
| Apr 30, 2026 | 8.47% |
| Jan 31, 2026 | 8.83% |
| Oct 31, 2025 | 128.11% |
| Jul 31, 2025 | 7.92% |
| Apr 30, 2025 | -5.42% |
| Jan 31, 2025 | -8.73% |
| Oct 31, 2024 | -5.51% |
| Jul 31, 2024 | -11.42% |
| Apr 30, 2024 | -21.64% |
| Jan 31, 2024 | -27.57% |
| Oct 31, 2023 | -13.91% |
| Jul 31, 2023 | -22.10% |
| Apr 30, 2023 | -11.83% |
| Jan 31, 2023 | -24.33% |
| Oct 31, 2022 | -34.54% |
| Jul 31, 2022 | -42.66% |
| Apr 30, 2022 | -38.44% |
| Jan 31, 2022 | -36.80% |
| Oct 31, 2021 | -36.71% |
PagerDuty Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=PD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();