PagerDuty (PD) Operating Expenses (2018 - 2026)
PagerDuty (PD) reported Operating Expenses of $92.8 million for Q2 2026, down 16.39% on a YoY basis from $110.9 million in Q2 2025, and down 9.64% quarter-over-quarter from $102.7 million in Q1 2026.
PagerDuty (PD) Operating Expenses (2018 - 2026) Analysis & Trends
PagerDuty has reported Operating Expenses for 9 years, with the latest figure at $92.8 million in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 16.39% year-over-year to $92.8 million; the trailing twelve-month figure through Apr 2026 stood at $394.4 million (down 11.37% YoY), and the FY2026 full-year result was $412.6 million, down 7.83% from the prior year.
- Operating Expenses for Q2 2026 stood at $92.8 million, down from $102.7 million in the prior quarter.
- The five-year high for Operating Expenses was $124.2 million in Q1 2024, with the low at $91.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $106.9 million across 5 years, with a median of $109.0 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 37.23% — and 2026, when it retreated 16.39%.
- PagerDuty's Operating Expenses stood at $108.7 million in 2022, then increased by 1.03% to $109.9 million in 2023, then slipped by 0.81% to $109.0 million in 2024, then dropped by 9.97% to $98.1 million in 2025, then fell by 5.45% to $92.8 million in 2026.
- The last three Operating Expenses figures came in at $92.8 million (Q2 2026), $102.7 million (Q1 2026), and $98.1 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -269.42 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 6.22 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 1.04 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 2.33 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 3.67 Bn |
| 10 | PagerDuty | 693.67 Mn | 261.67 Mn | 101.95 Mn | 92.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 92.76 Mn |
| Jan 31, 2026 | 102.66 Mn |
| Oct 31, 2025 | 98.11 Mn |
| Jul 31, 2025 | 100.84 Mn |
| Apr 30, 2025 | 110.95 Mn |
| Jan 31, 2025 | 113.19 Mn |
| Oct 31, 2024 | 108.97 Mn |
| Jul 31, 2024 | 111.88 Mn |
| Apr 30, 2024 | 113.56 Mn |
| Jan 31, 2024 | 124.19 Mn |
| Oct 31, 2023 | 109.86 Mn |
| Jul 31, 2023 | 113.96 Mn |
| Apr 30, 2023 | 101.11 Mn |
| Jan 31, 2023 | 109.11 Mn |
| Oct 31, 2022 | 108.74 Mn |
| Jul 31, 2022 | 109.77 Mn |
| Apr 30, 2022 | 102.11 Mn |
| Jan 31, 2022 | 91.78 Mn |
| Oct 31, 2021 | 84.54 Mn |
| Jul 31, 2021 | 84.02 Mn |