Pegasystems
Connects AI decisioning, customer engagement, service, and workflow automation for complex enterprise processes.
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Profile
Sells software that combines AI decisioning and workflow automation across customer engagement, customer service, and legacy transformation. A configurable, rules-based approach lets organizations change decisions and processes in real time.
Links AI decisioning with workflow automation for one-to-one customer engagement, customer service, and legacy transformation. Pega Blueprint supports collaborative application prototyping and development, while the wider platform is designed for decisions, service operations, and process change.
Built on a long-running rules-driven software approach, the platform lets organizations alter decisions and processes in real time rather than relying on time-consuming reprogramming. Its development includes robotic process automation, speech analytics, and process mining. A live trade-secrets case with Appian was remanded for a new trial. Founder Alan Trefler remains the chief executive.
Company facts
Categories
Key statistics
Year to date −35.5% · Average volume (30d) 3.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 24, 2026 | DA Davidson | Reiterate | Buy | $55 | $32 | |
| Jul 23, 2026 | RBC Capital | Reiterate | Outperform | $60 | $35 | |
| Jul 23, 2026 | Rosenblatt Securities | Target | $95 | $47 | ||
| Jul 23, 2026 | Barclays | Reiterate | Overweight | $48 | $39 | |
| Jul 23, 2026 | Keybanc | Downgrade | Overweight | Sector Weight |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $0.43 | $0.35 | −19.2% | $427.4M | $420.7M | −1.6% | −16.00% |
| Apr 21, 2026Q1 FY26 | $0.65 | $0.46 | −29.1% | $455.6M | $430.0M | −5.6% | −4.61% |
| Feb 10, 2026Q4 FY25 | $0.72 | $0.76 | +5.6% | $491.8M | $504.3M | +2.5% | −11.85% |
| Oct 21, 2025Q3 FY25 | $0.18 | $0.30 | +66.7% | $494.6M | $381.4M | −22.9% | +14.97% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $475.6M | $384.5M | $381.4M | $504.3M | $430.0M | $420.7M | |
| Gross profit | $373.2M | $274.9M | $275.5M | $400.9M | $323.2M | $312.7M | |
| Operating income | $127.0M | $17.3M | $14.5M | $104.4M | $37.1M | $16.6M | |
| Net income | $85.4M | $30.1M | $43.4M | $234.6M | $32.8M | $13.3M | |
| Diluted EPS | $0.45 | $0.17 | $0.24 | $1.27 | $0.18 | $0.08 | |
| Gross margin | 78.5% | 71.5% | 72.2% | 79.5% | 75.2% | 74.3% | |
| Operating margin | 26.7% | 4.5% | 3.8% | 20.7% | 8.6% | 4.0% |
Fiscal years (4-quarter sums)FY21 $1.21B · FY22 $1.32B · FY23 $1.43B · FY24 $1.50B · FY25 $1.75B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $361.9M · Total debt $72.0M · Total assets $1.38B · Shareholders' equity $560.4M
Dividends
Raised for 6 straight years — most recently to $0.083 from $0.03 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Sep 16 | $0.083 | raised from $0.03 |
| Jul 1, 2026 | Jul 1 | Jul 15 | $0.03 | |
| Apr 1, 2026 | Apr 1 | Apr 15 | $0.03 | |
| Jan 2, 2026 | Jan 2 | Jan 16 | $0.03 | |
| Oct 1, 2025 | Oct 1 | Oct 15 | $0.03 | |
| Jul 1, 2025 | Jul 1 | Jul 15 | $0.03 | raised from $0.015 split-adjusted |
| Apr 1, 2025 | Apr 1 | Apr 15 | $0.03 | |
| Jan 2, 2025 | Jan 2 | Jan 16 | $0.03 |
Ownership
Shares outstanding 164.41M · Float 88.88M · 54.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Alan Trefler · director, 10 percent owner, officer: C.E.O. & Chairman | 44.32M | 26.96% | Form 4 | Mar 3, 2026 |
| BlackRock, Inc. | 9.57M | 5.82% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.46M | 3.93% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 4.92M | 2.99% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 4.13M | 2.51% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Rifat Kerim Akgonul | officer: Chief Product Officer | −3,000 | $33.99 |
| Aug 10, 2026 | Efstathios A. Kouninis | officer: SVP, Chief Accounting Officer | −860 | $33.10 |
| Aug 7, 2026 | Efstathios A. Kouninis | officer: SVP, Chief Accounting Officer | −860 | $32.30 |
| Jun 16, 2026 | Efstathios A. Kouninis | officer: SVP, Chief Accounting Officer | −750 | $32.31 |
| Jun 1, 2026 | Efstathios A. Kouninis | officer: SVP, Chief Accounting Officer | −750 | $36.99 |
Peers
- Salesforce
CRM and AI-led customer-service platform overlap
- ServiceNow
Enterprise workflow, low-code, and customer-service overlap
- Microsoft
Low-code automation and enterprise AI overlap
- Appian
Low-code process automation and case-management overlap
- Oracle
Customer experience, decisioning, and process automation overlap
- IBM
Business automation, workflow, and AI orchestration overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pegasystems | $35.00 | −3.26% | $5.95B | 20.4 | 14.0 | 3.4 | +9.4% |
| Salesforce | $256.48 | +0.16% | $209.66B | 23.4 | 17.6 | 4.8 | +10.8% |
| ServiceNow | $143.28 | −0.97% | $149.61B | 90.4 | 31.9 | 10.2 | +24.0% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Appian | $42.90 | +0.92% | $3.15B | — | 34.9 | 4.0 | +19.1% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| Median | 25.9 | 22.5 | 5.6 | +18.4% |