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
DateValue
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