Pagaya Technologies (PGY) Net Margin (2022 - 2026)
Pagaya Technologies (PGY) reported Net Margin of 11.70% for Q2 2026, up 6.91 percentage points from 4.79% a year earlier and up 3.93 percentage points from the prior quarter.
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Analysis
Pagaya Technologies (PGY) Net Margin (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Pagaya Technologies' Net Margin came in at 9.03%, up 33.52 percentage points year-over-year; for FY2025, it was 6.25%, up 45.14 percentage points from FY2024.
- Net Margin has a five-year change of +1.29 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at -38.89% in FY2024 (-23.07 pp), -15.82% in FY2023 (+26.18 pp), -42.00% in FY2022 (-13.69 pp) and -28.30% in FY2021 (-33.26 pp).
- The Q2 2026 figure ranks as the highest quarterly Net Margin in data going back to Q2 2022.
- Year over year, Net Margin has now increased in each of the last six quarters, with an average year-over-year change of +11.40 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q4 2025 (a gain of 95.40 percentage points); the low point was Q4 2024 (a drop of 78.54 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.77% (Q1 2026), 10.24% (Q4 2025) and 6.08% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | -29.46% |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 12.72% |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 1.34% |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | -498.45% |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 18.55% |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 11.85% |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 0.39% |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | -179.60% |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 7.64% |
| 10 | Pagaya Technologies | 1.42 Bn | 450.62 Mn | 168.33 Mn | 11.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.70% |
| Mar 31, 2026 | 7.77% |
| Dec 31, 2025 | 10.24% |
| Sep 30, 2025 | 6.08% |
| Jun 30, 2025 | 4.79% |
| Mar 31, 2025 | 2.55% |
| Dec 31, 2024 | -85.16% |
| Sep 30, 2024 | -26.23% |
| Jun 30, 2024 | -29.87% |
| Mar 31, 2024 | -8.65% |
| Dec 31, 2023 | -6.61% |
| Sep 30, 2023 | -10.27% |
| Jun 30, 2023 | -16.00% |
| Mar 31, 2023 | -32.67% |
| Jun 30, 2022 | -99.58% |
API Access
Pagaya Technologies Net 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=net-margin&ticker=PGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=PGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();