Pagaya Technologies (PGY) EBT Margin (2022 - 2026)
Pagaya Technologies' (PGY) quarterly EBT Margin came in at 10.66% in Q2 2026, up 406.0% year-over-year from 2.11% in Q2 2025, and up 24.07% quarter-over-quarter from 8.59% in Q1 2026.
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Pagaya Technologies (PGY) EBT Margin (2022 - 2026) Analysis & Trends
Pagaya Technologies (PGY) has reported EBT Margin for 5 consecutive years, with 10.66% the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBT Margin rose 406.0% year-over-year to 10.66% in Q2 2026; TTM through Jun 2026 was 7.1%, a 3354.0% increase from a year earlier, with the FY2025 full-year figure at 3.97%, up 4476.0% from the prior year.
- EBT Margin was 10.66% for Q2 2026 at Pagaya Technologies, up from 8.59% in the prior quarter.
- Over five years, EBT Margin peaked at 10.66% in Q2 2026 and troughed at 86.09% in Q4 2024.
- A 5-year average of 19.64% and a median of 10.87% in 2024 frame the typical range for EBT Margin.
- Across the five-year window, EBT Margin sank 7922 bps in 2024 and surged 9269 bps in 2025, its largest moves.
- Over 5 years, EBT Margin stood at 79.5% in 2022, then jumped by 91 bps to 6.87% in 2023, then sank by 1153 bps to 86.09% in 2024, then surged by 108 bps to 6.59% in 2025, then surged by 62 bps to 10.66% in 2026.
- The last three EBT Margin figures came in at 10.66% (Q2 2026), 8.59% (Q1 2026), and 6.59% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.61 Bn | 2.16 Bn | 303.39 Mn | 4.70% |
| 2 | Pagaya Technologies | 1.85 Bn | 1.60 Bn | 168.33 Mn | 10.66% |
| 3 | Qfin Holdings | 1.18 Bn | 177.78 Mn | - | 30.63% |
| 4 | FinVolution | 851.66 Mn | -91.39 Mn | - | 15.96% |
| 5 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -2.29% |
| 6 | Blend Labs | 357.46 Mn | 312.60 Mn | 24.89 Mn | -4.00% |
| 7 | X Financial | 221.20 Mn | -347.11 Mn | 84.09 Mn | 22.14% |
| 8 | LexinFintech Holdings | 143.88 Mn | 143.88 Mn | 73.06 Mn | 4.86% |
| 9 | Jiayin | 80.95 Mn | 6.93 Mn | - | -29.69% |
| 10 | Antalpha Platform Holding | 76.01 Mn | -885.41 Mn | 11.94 Mn | -242.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.66% |
| Mar 31, 2026 | 8.59% |
| Dec 31, 2025 | 6.59% |
| Sep 30, 2025 | 2.30% |
| Jun 30, 2025 | 6.60% |
| Mar 31, 2025 | -0.02% |
| Dec 31, 2024 | -86.09% |
| Sep 30, 2024 | -33.34% |
| Jun 30, 2024 | -27.23% |
| Mar 31, 2024 | -10.87% |
| Dec 31, 2023 | -6.87% |
| Sep 30, 2023 | -22.24% |
| Jun 30, 2023 | -13.87% |
| Mar 31, 2023 | -49.27% |
| Jun 30, 2022 | -79.50% |