Pagaya Technologies (PGYWW) Operating Margin (2023 - 2026)

Pagaya Technologies has disclosed Operating Margin across 4 years of filings, most recently posting 25.16% for Q1 2026.

• In Q1 2026, Operating Margin rose 872.0% year-over-year to 25.16%; the TTM figure through Mar 2026 stood at 22.66% (up 1256.0% YoY), while the FY2025 annual figure was 20.92%, up 1426.0% from the prior year.
• Operating Margin rose to 25.16% in Q1 2026, from 24.83% in the prior quarter.
• Over the last five years, Operating Margin for PGYWW reached as high as 25.16% in Q1 2026 and fell as low as 13.38% in Q1 2023.
• The 4-year median for Operating Margin is 8.98% (2024), against an average of 9.09%.
• The widest YoY moves for Operating Margin: up 1652 bps in 2024, down 725 bps in 2024.
• A 4-year view of Operating Margin shows it stood at 4.27% in 2023, then surged by 170 bps to 11.51% in 2024, then surged by 116 bps to 24.83% in 2025, then rose by 1 bps to 25.16% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 25.16%, 24.83%, and 22.83% for Q1 2026, Q4 2025, and Q3 2025 respectively.