Pagaya Technologies PGY
NASDAQ PGY
$22.08 -0.90 (-3.91%)
As of: Sep 8, 2026 · 3:59 PM EDT

Pagaya Technologies (PGY) Net Margin (2022 - 2026)

Pagaya Technologies' (PGY) quarterly Net Margin came in at 10.94% in Q2 2026, up 615.0% year-over-year from 1.53% in Q2 2025, and up 43.94% quarter-over-quarter from 7.6% in Q1 2026.

Analysis

Pagaya Technologies (PGY) Net Margin (2022 - 2026) Analysis & Trends

Pagaya Technologies (PGY) has reported Net Margin for 5 consecutive years, with 10.94% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Net Margin rose 615.0% year-over-year to 10.94% in Q2 2026; TTM through Jun 2026 was 8.4%, a 3289.0% increase from a year earlier, with the FY2025 full-year figure at 5.48%, up 4437.0% from the prior year.
  • Net Margin was 10.94% for Q2 2026 at Pagaya Technologies, up from 7.6% in the prior quarter.
  • Over five years, Net Margin peaked at 10.94% in Q2 2026 and troughed at 99.58% in Q2 2022.
  • A 5-year average of 18.44% and a median of 8.65% in 2024 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin sank 6588 bps in 2024 and surged 9383 bps in 2025, its largest moves.
  • Over 5 years, Net Margin stood at 99.58% in 2022, then soared by 81 bps to 19.28% in 2023, then slumped by 342 bps to 85.16% in 2024, then jumped by 110 bps to 8.67% in 2025, then climbed by 26 bps to 10.94% in 2026.
  • The last three Net Margin figures came in at 10.94% (Q2 2026), 7.6% (Q1 2026), and 8.67% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Upstart Holdings 2.61 Bn 2.16 Bn 303.39 Mn 4.53%
2 Pagaya Technologies 1.85 Bn 1.60 Bn 168.33 Mn 10.94%
3 Qfin Holdings 1.18 Bn 177.78 Mn - 11.38%
4 FinVolution 851.66 Mn -91.39 Mn - 19.31%
5 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn -2.24%
6 Blend Labs 357.46 Mn 312.60 Mn 24.89 Mn -18.94%
7 X Financial 221.20 Mn -347.11 Mn 84.09 Mn 4.73%
8 LexinFintech Holdings 143.88 Mn 143.88 Mn 73.06 Mn 3.18%
9 Jiayin 80.95 Mn 6.93 Mn - -34.35%
10 Antalpha Platform Holding 76.01 Mn -885.41 Mn 11.94 Mn -102.75%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 10.94%
Mar 31, 2026 7.60%
Dec 31, 2025 8.67%
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 -19.28%
Sep 30, 2023 -7.87%
Jun 30, 2023 -16.00%
Mar 31, 2023 -24.63%
Jun 30, 2022 -99.58%