Pagaya Technologies (PGY) Gross Margin (2022 - 2026)
Pagaya Technologies (PGY) reported Gross Margin of 43.49% for Q2 2026, up 2.15 percentage points from 41.34% a year earlier but down 0.66 percentage points from the prior quarter.
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Analysis
Pagaya Technologies (PGY) Gross Margin (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Pagaya Technologies' Gross Margin came in at 43.39%, up 1.12 percentage points year-over-year; for FY2025, it was 42.43%, up 0.33 percentage points from FY2024.
- Gross Margin has a five-year change of -7.99 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 42.10% in FY2024 (+4.78 pp), 37.33% in FY2023 (-2.44 pp), 39.77% in FY2022 (-11.28 pp) and 51.05% in FY2021 (+0.62 pp).
- Five-year quarterly Gross Margin spans a low of 32.99% in Q1 2023 and a high of 44.15% in Q1 2026.
- Year over year, Gross Margin gained in six of the last eight quarters, with an average year-over-year change of +1.67 percentage points.
- The high point for year-over-year Gross Margin in five years was Q1 2024 (a gain of 7.94 percentage points); the low point was Q2 2023 (a drop of 3.83 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 44.15% (Q1 2026), 43.24% (Q4 2025) and 42.72% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | - |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | - |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 47.84% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 75.71% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 54.74% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 61.04% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 87.70% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 65.60% |
| 10 | Pagaya Technologies | 1.42 Bn | 450.62 Mn | 168.33 Mn | 43.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.49% |
| Mar 31, 2026 | 44.15% |
| Dec 31, 2025 | 43.24% |
| Sep 30, 2025 | 42.72% |
| Jun 30, 2025 | 41.34% |
| Mar 31, 2025 | 42.38% |
| Dec 31, 2024 | 43.38% |
| Sep 30, 2024 | 42.09% |
| Jun 30, 2024 | 41.84% |
| Mar 31, 2024 | 40.93% |
| Dec 31, 2023 | 38.32% |
| Sep 30, 2023 | 39.18% |
| Jun 30, 2023 | 38.34% |
| Mar 31, 2023 | 32.99% |
| Jun 30, 2022 | 42.18% |
API Access
Pagaya Technologies Gross 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=gross-margin&ticker=PGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=PGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();