Pagaya Technologies (PGY) FCF Margin (2023 - 2026)
Pagaya Technologies (PGY) posted quarterly FCF Margin of 18.41% for Q2 2026, up 200.0% year-over-year from 6.14% in Q2 2025, and up 46.3% quarter-over-quarter from 12.58% in Q1 2026.
Pagaya Technologies (PGY) FCF Margin (2023 - 2026) Analysis & Trends
Pagaya Technologies (PGY) has reported FCF Margin for 4 consecutive years, with 18.41% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 200.0% year-over-year to 18.41%; the TTM figure through Jun 2026 stood at 18.11% (up 972.0% YoY), while the FY2025 annual figure was 17.27%, up 1436.0% from the prior year.
- FCF Margin climbed to 18.41% in Q2 2026 per PGY's latest filing, from 12.58% in the prior quarter.
- Across five years, FCF Margin topped out at 22.91% in Q4 2025 and bottomed at 15.64% in Q1 2023.
- Historically, FCF Margin has averaged 6.33% across 4 years, with a median of 6.89% in 2023.
- Annual changes were most pronounced in 2024 — FCF Margin plunged 964 bps — and 2025, when it jumped 2263 bps.
- Pagaya Technologies' FCF Margin stood at 7.76% in 2023, then jumped by 210 bps to 8.55% in 2024, then surged by 168 bps to 22.91% in 2025, then retreated by 20 bps to 18.41% in 2026.
- Business Quant data shows PGY's FCF Margin at 18.41% in Q2 2026, 12.58% in Q1 2026, and 22.91% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 21.82% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 62.08% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -9.76% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 26.25% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 47.15% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 9.71% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 32.19% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -223.03% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | -114.17% |
| 10 | Pagaya Technologies | 1.70 Bn | 1.45 Bn | 168.33 Mn | 18.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.41% |
| Mar 31, 2026 | 12.58% |
| Dec 31, 2025 | 22.91% |
| Sep 30, 2025 | 18.22% |
| Jun 30, 2025 | 16.41% |
| Mar 31, 2025 | 10.57% |
| Dec 31, 2024 | 8.55% |
| Sep 30, 2024 | -4.41% |
| Jun 30, 2024 | 1.96% |
| Mar 31, 2024 | 5.12% |
| Dec 31, 2023 | -7.76% |
| Sep 30, 2023 | 5.23% |
| Jun 30, 2023 | -3.48% |
| Mar 31, 2023 | -15.64% |