PagerDuty (PD) Operating Margin (2018 - 2026)
PagerDuty (PD) posted Operating Margin of 8.23% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 5.34 percentage points from 2.89% a year earlier and up 0.64 percentage points from the prior quarter.
PagerDuty (PD) Operating Margin (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Operating Margin at PagerDuty was 6.47%, up 12.42 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 1.19%, up 13.97 percentage points from FY2025.
- Annual Operating Margin has increased for four consecutive fiscal years, with a five-year change of +32.22 percentage points (FY2021 to FY2026).
- In prior fiscal years, PagerDuty's Operating Margin was -12.79% in FY2025 (+9.56 pp), -22.35% in FY2024 (+12.55 pp), -34.89% in FY2023 (+1.25 pp) and -36.15% in FY2022 (-5.11 pp).
- The fiscal Q2 2027 figure stands as the highest quarterly Operating Margin in data going back to fiscal Q1 2019.
- On a year-over-year basis, Operating Margin has increased in each of the last nine quarters, with an average year-over-year change of +13.57 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was fiscal Q1 2024, with a gain of 22.72 percentage points; the weakest was fiscal Q1 2023, with a drop of 4.62 percentage points.
- According to Business Quant data, Operating Margin for the three prior fiscal quarters was 7.59% (Q1 2027), 3.62% (Q4 2026) and 6.49% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 5.04% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 33.66% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | -17.00% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 0.49% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 5.17% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 13.29% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 9.66% |
| 10 | PagerDuty | 1.14 Bn | -779.40 Mn | 104.40 Mn | 8.23% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 8.23% |
| 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% |
PagerDuty Operating 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=operating-margin&ticker=PD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=PD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();