PagerDuty (PD) Operating Margin (2018 - 2026)
PagerDuty (PD) reported Operating Margin of 7.59% for Q2 2026, up 1621.0% on a YoY basis from 0.44% in Q2 2025, and up 109.48% quarter-over-quarter from 3.62% in Q1 2026.
PagerDuty (PD) Operating Margin (2018 - 2026) Analysis & Trends
PagerDuty has reported Operating Margin for 9 years, with the latest figure at 7.59% in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 1621.0% year-over-year to 7.59%; the trailing twelve-month figure through Apr 2026 stood at 5.13% (up 1529.0% YoY), and the FY2026 full-year result was 1.19%, up 1397.0% from the prior year.
- Operating Margin for Q2 2026 stood at 7.59%, up from 3.62% in the prior quarter.
- The five-year high for Operating Margin was 7.59% in Q2 2026, with the low at 41.98% in Q3 2022.
- Historically, Operating Margin has averaged 16.89% across 5 years, with a median of 17.24% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 462 bps — and 2023, when it soared 2272 bps.
- PagerDuty's Operating Margin stood at 34.54% in 2022, then jumped by 45 bps to 19.17% in 2023, then surged by 55 bps to 8.65% in 2024, then soared by 175 bps to 6.49% in 2025, then climbed by 17 bps to 7.59% in 2026.
- The last three Operating Margin figures came in at 7.59% (Q2 2026), 3.62% (Q1 2026), and 6.49% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | PagerDuty | 693.67 Mn | 261.67 Mn | 101.95 Mn | 7.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 7.59% |
| Jan 31, 2026 | 3.62% |
| Oct 31, 2025 | 6.49% |
| Jul 31, 2025 | 2.89% |
| Apr 30, 2025 | -8.62% |
| Jan 31, 2025 | -9.65% |
| Oct 31, 2024 | -8.65% |
| Jul 31, 2024 | -13.82% |
| Apr 30, 2024 | -19.55% |
| Jan 31, 2024 | -30.09% |
| Oct 31, 2023 | -19.17% |
| Jul 31, 2023 | -24.32% |
| Apr 30, 2023 | -15.30% |
| Jan 31, 2023 | -26.24% |
| Oct 31, 2022 | -34.54% |
| Jul 31, 2022 | -41.98% |
| Apr 30, 2022 | -38.02% |
| Jan 31, 2022 | -34.64% |
| Oct 31, 2021 | -34.58% |
| Jul 31, 2021 | -42.14% |