Progyny (PGNY) Net Margin (2018 - 2026)
Progyny (PGNY) recorded Net Margin of 8.00% in Q2 2026, up 2.86 percentage points from 5.14% a year earlier and up 0.63 percentage points from the prior quarter.
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Analysis
Progyny (PGNY) Net Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Progyny's Net Margin came in at 6.00% as of Jun 30, 2026, up 1.72 percentage points year-over-year; for FY2025, it came in at 4.54%, down 0.11 percentage points from FY2024.
- Annual Net Margin has a five-year change of -8.93 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 4.66% in FY2024 (-1.04 pp), 5.70% in FY2023 (+1.84 pp), 3.86% in FY2022 (-9.28 pp) and 13.14% in FY2021 (-0.33 pp).
- The Q2 2026 figure is the highest quarterly Net Margin since Q4 2021.
- On a year-over-year basis, Net Margin has increased for four consecutive quarters, with an average year-over-year change of +0.20 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 8.86 percentage points in Q3 2021, against a drop of 27.13 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.38% (Q1 2026), 3.92% (Q4 2025) and 4.42% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 100.51 Bn | 96.52 Bn | - | 8.40% |
| 2 | Natera | 57.27 Bn | 52.95 Bn | 485.19 Mn | -8.90% |
| 3 | Quest Diagnostics | 26.09 Bn | 24.22 Bn | 1.03 Bn | 10.52% |
| 4 | Labcorp Holdings | 26.08 Bn | 23.83 Bn | 1.11 Bn | 8.01% |
| 5 | Tenet Healthcare | 22.29 Bn | 11.30 Bn | - | 14.68% |
| 6 | Guardant Health | 21.03 Bn | 17.09 Bn | 219.03 Mn | -35.87% |
| 7 | Fresenius Medical Care AG | 12.78 Bn | 4.73 Bn | 1.52 Bn | 4.49% |
| 8 | BrightSpring Health Services | 12.65 Bn | 10.98 Bn | 492.75 Mn | 2.18% |
| 9 | Davita | 12.13 Bn | 9.34 Bn | 1.16 Bn | 7.47% |
| 10 | Progyny | 2.18 Bn | 1.06 Bn | 89.30 Mn | 8.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.00% |
| Mar 31, 2026 | 7.38% |
| Dec 31, 2025 | 3.92% |
| Sep 30, 2025 | 4.42% |
| Jun 30, 2025 | 5.14% |
| Mar 31, 2025 | 4.65% |
| Dec 31, 2024 | 3.53% |
| Sep 30, 2024 | 3.64% |
| Jun 30, 2024 | 5.42% |
| Mar 31, 2024 | 6.08% |
| Dec 31, 2023 | 4.99% |
| Sep 30, 2023 | 5.66% |
| Jun 30, 2023 | 5.37% |
| Mar 31, 2023 | 6.84% |
| Dec 31, 2022 | 1.59% |
| Sep 30, 2022 | 6.43% |
| Jun 30, 2022 | 4.50% |
| Mar 31, 2022 | 2.89% |
| Dec 31, 2021 | 11.82% |
| Sep 30, 2021 | 13.74% |
API Access
Progyny Net 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=net-margin&ticker=PGNY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PGNY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PGNY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();