Superworth

PagerDuty profit margin PD

Gross, operating and net profit as a share of revenue over the last twelve months, from 2019.

Net margin, 12 months
37.2%
Operating margin, 12 months
6.5%
Net margin on a year earlier
+39.7 pts
Peer median
5.1%

Over the twelve months to Jul 31, 2026, PagerDuty kept 37.2% of its revenue as net profit, with an operating margin of 6.5% and a gross margin of 84.8%.

Five years earlier its net margin was −38.9%.

The median for 10 infrastructure software stocks of a similar size is 5.1%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202635.2%1.2%84.9%
FY2025−9.1%−12.8%83.0%
FY2024−17.5%−22.3%81.9%
FY2023−34.6%−34.9%81.0%
FY2022−38.2%−36.1%82.8%
FY2021−32.3%−31.0%85.6%
FY2020−30.3%−33.4%85.2%
FY2019−34.6%−35.9%85.4%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY2737.2%+39.7 pts6.5%
Q1 FY2737.6%+44.5 pts5.1%
Q4 FY2635.2%+44.3 pts1.2%
Q3 FY2631.7%+45.3 pts−2.1%
Q2 FY26−2.5%+12.9 pts−5.9%
Q1 FY26−6.9%+11.4 pts−10.2%
Q4 FY25−9.1%+8.3 pts−12.8%
Q3 FY25−13.6%+3.4 pts−17.8%
Q2 FY25−15.4%+7.1 pts−20.6%
Q1 FY25−18.3%+9.5 pts−23.3%
Q4 FY24−17.5%+17.2 pts−22.3%
Q3 FY24−17.0%+21.1 pts−21.2%

Against its peers

Companies in Software - Infrastructure nearest PagerDuty's size, closest first, today.

CompanyProfit margin
PDPagerDuty37.2%
RDVTRed Violet16.5%
XZOExzeo39.1%
CXMSprinklr2.7%
EVCMEverCommerce5.7%
PDFSPDF Solutions4.3%
RPDRapid72.4%
MQMarqeta1.5%
BLBlackline4.7%
NCNOnCino5.4%
BLKBBlackbaud13.1%
Peer median5.1%

Where PagerDuty ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on PagerDuty

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.