PagerDuty (PD) Operating Expenses (2018 - 2026)
PagerDuty (PD) posted Operating Expenses of $92.8 million for Q2 2026, down 9.64% on a QoQ basis from $102.7 million in Q1 2026, and down 16.39% year-over-year from $110.9 million in Q2 2025.
PagerDuty (PD) Operating Expenses (2018 - 2026) Analysis & Trends
PagerDuty's Operating Expenses history runs 9 years deep, the most recent figure standing at $92.8 million for Q2 2026.
- Quarterly Operating Expenses fell 16.39% year-over-year to $92.8 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $394.4 million (down 11.37% YoY) and the FY2026 annual result came in at $412.6 million, down 7.83% from the prior year.
- Operating Expenses was $92.8 million for Q2 2026 at PagerDuty, down from $102.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $124.2 million in Q1 2024 and bottomed at $91.8 million in Q1 2022.
- A 5-year average of $106.9 million and a median of $109.0 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 37.23% — and 2026, when it dropped 16.39%.
- PagerDuty's Operating Expenses stood at $108.7 million in 2022, then gained by 1.03% to $109.9 million in 2023, then declined by 0.81% to $109.0 million in 2024, then fell by 9.97% to $98.1 million in 2025, then decreased by 5.45% to $92.8 million in 2026.
- Business Quant data shows PD's Operating Expenses at $92.8 million in Q2 2026, $102.7 million in Q1 2026, and $98.1 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | PagerDuty | 677.94 Mn | 245.94 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 |