Pagaya Technologies (PGY) Tax Rate (2025 - 2026)
Pagaya Technologies' Tax Rate was -2.64% in Q2 2026, down 25.75 percentage points from 23.11% a year earlier and down 14.17 percentage points from the prior quarter.
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Analysis
Pagaya Technologies (PGY) Tax Rate (2025 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pagaya Technologies' Tax Rate was -20.39% through Jun 30, 2026, down 17.93 percentage points year-over-year; for FY2025, it came in at -38.25%, down 32.41 percentage points from FY2024.
- Tax Rate shows a five-year change of -44.27 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was -5.84% in FY2024 (+2.76 pp), -8.59% in FY2023 (-2.66 pp), -5.93% in FY2022 (+6.84 pp) and -12.77% in FY2021 (-18.79 pp).
- Quarterly Tax Rate has moved between -188.64% (Q3 2025) and 5291.67% (Q1 2025) over five years.
- Compared with a year earlier, Tax Rate has declined for four straight quarters, with an average year-over-year change of -17.50 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q1 2025 (a gain of 5310.43 percentage points); the worst was Q1 2026 (a drop of 5280.14 percentage points).
- Per Business Quant data, PGY's Tax Rate in the three quarters before Q2 2026 was 11.53% (Q1 2026), -31.60% (Q4 2025) and -188.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | - |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 15.73% |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 71.11% |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | - |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 26.96% |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 20.13% |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 30.70% |
| 10 | Pagaya Technologies | 1.44 Bn | 477.29 Mn | 168.33 Mn | - |
API Access
Pagaya Technologies Tax Rate 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=tax-rate&ticker=PGY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=PGY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();