Pagaya Technologies (PGY) EBT Margin (2022 - 2026)
Pagaya Technologies' EBT Margin was 10.66% in Q2 2026, up 4.06 percentage points from 6.60% a year earlier and up 2.07 percentage points from the prior quarter.
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Analysis
Pagaya Technologies (PGY) EBT Margin (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pagaya Technologies' EBT Margin was 7.10% through Jun 30, 2026, up 33.54 percentage points year-over-year; for FY2025, it was 3.97%, up 44.76 percentage points from FY2024.
- EBT Margin shows a five-year change of -17.44 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was -40.80% in FY2024 (-18.49 pp), -22.31% in FY2023 (+14.59 pp), -36.90% in FY2022 (-23.91 pp) and -12.99% in FY2021 (-34.40 pp).
- The Q2 2026 figure marks the highest quarterly EBT Margin in data going back to Q2 2022.
- Compared with a year earlier, EBT Margin has increased for six straight quarters, with an average year-over-year change of +11.92 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was Q4 2025 (a gain of 92.69 percentage points); the worst was Q4 2024 (a drop of 79.22 percentage points).
- Per Business Quant data, PGY's EBT Margin in the three quarters before Q2 2026 was 8.59% (Q1 2026), 6.59% (Q4 2025) and 2.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -32.41% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 15.09% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 4.56% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -504.27% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 25.75% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 14.64% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 3.14% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -179.64% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 11.02% |
| 10 | Pagaya Technologies | 1.42 Bn | 450.62 Mn | 168.33 Mn | 10.66% |
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% |
API Access
Pagaya Technologies EBT 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=ebt-margin&ticker=PGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=PGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();