Pagaya Technologies (PGY) EBITDA Margin (2023 - 2026)
Pagaya Technologies' EBITDA Margin came in at 30.01% for Q2 2026, up 9.48 percentage points from 20.53% a year earlier and up 2.00 percentage points from the prior quarter.
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Analysis
Pagaya Technologies (PGY) EBITDA Margin (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Pagaya Technologies reported EBITDA Margin of 27.74%, up 10.67 percentage points year-over-year; for FY2025, it was 23.45%, up 13.83 percentage points from FY2024.
- EBITDA Margin has increased in each of the last three years, with a five-year change of +1.69 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 9.62% in FY2024 (+10.27 pp), -0.65% in FY2023 (+32.09 pp), -32.74% in FY2022 (-31.69 pp) and -1.05% in FY2021 (-22.81 pp).
- The Q2 2026 figure represents the highest quarterly EBITDA Margin in data going back to Q1 2023.
- Year-over-year, EBITDA Margin has increased for ten consecutive quarters, with an average year-over-year change of +11.19 percentage points over the last eight quarters.
- Over the past five years, the year-over-year gain in EBITDA Margin ranged from 7.30 percentage points (Q4 2024) to 17.40 percentage points (Q1 2024).
- Business Quant data shows PGY's EBITDA Margin at 28.01% (Q1 2026), 26.83% (Q4 2025) and 25.84% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -5.44% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 19.27% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 8.19% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -370.41% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 44.11% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 35.37% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 37.59% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -24.67% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 19.18% |
| 10 | Pagaya Technologies | 1.42 Bn | 450.62 Mn | 168.33 Mn | 30.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.01% |
| Mar 31, 2026 | 28.01% |
| Dec 31, 2025 | 26.83% |
| Sep 30, 2025 | 25.84% |
| Jun 30, 2025 | 20.53% |
| Mar 31, 2025 | 19.93% |
| Dec 31, 2024 | 14.92% |
| Sep 30, 2024 | 11.78% |
| Jun 30, 2024 | 5.13% |
| Mar 31, 2024 | 5.90% |
| Dec 31, 2023 | 7.62% |
| Sep 30, 2023 | 2.52% |
| Jun 30, 2023 | -2.95% |
| Mar 31, 2023 | -11.50% |
API Access
Pagaya Technologies EBITDA 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=ebitda-margin&ticker=PGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "PGY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=PGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();