Filing Flows › Pagaya Technologies (PGY) › Operating margin
Pagaya Technologies (PGY) operating margin by quarter
Pagaya Technologies' operating margin was 28.8% in Q3 2026 (third quarter 2026), +1.5 pts from Q2 2026. Over the last 6 quarters it ranged from 17.3% (Q2 2025) to 28.8% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 28.8% | +1.5 pts | +6.0 pts |
| Q2 2026 | 27.3% | +2.2 pts | +10.0 pts |
| Q1 2026 | 25.2% | +1.4 pts | — |
| Q4 2025 | 23.8% | +1.0 pts | — |
| Q3 2025 | 22.8% | +5.5 pts | — |
| Q2 2025 | 17.3% | — | — |
Q3 2026 at a glance
Pagaya Technologies, Q3 2026: revenue $390M (+12% year over year), operating margin 28.8%, net earnings $49.7M, operating cash flow $49.0M. The chart follows the revenue to costs, profit and cash.
Questions
What is Pagaya Technologies' operating margin?
Pagaya Technologies' operating margin was 28.8% in Q3 2026 (third quarter 2026), +1.5 pts from Q2 2026.
How has Pagaya Technologies' operating margin changed?
Over the last 6 quarters it ranged from 17.3% (Q2 2025) to 28.8% (Q3 2026).