Sep 2026 (Q3 FY26) — Oct 21, 2026
Pegasystems Q3 FY26 — ACV Growth Improving, Strategic Changes to Accelerate Execution
Read the full callPegasystems earnings: last reported Wed, 21 Oct 2026, for the quarter ended Sep 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 393 | +3.1% YoY | Quarterly, as filed | Quarter to Sep 2026 | Revenue from operations as filed. |
| Operating margin | 3.8 | −0.0 pts YoY | Operating profit / revenue | Quarter to Sep 2026 | For the quarter; a change is in percentage points. |
| Net profit | 14.1 | −67.5% YoY | Quarterly, as filed | Quarter to Sep 2026 | Profit after tax as filed. |
Price
1Y: $65.59 on 22 Oct 2025 → $36.42. High $66.64 (27 Oct 2025), low $25.99 (22 Jul 2026).
Overview
Call summaries
Pegasystems Q3 FY26 — ACV Growth Improving, Strategic Changes to Accelerate Execution
Read the full callPegasystems Q2 FY26 — AI Confusion and Sales Execution Challenges Impact ACV Growth, Strong FCF Generation
Read the full callPegasystems Q1 FY26 — Blueprint Drives Pipeline and Cloud ACV Growth
Read the full callEvery analysed call
Financials
Net profit, year on year: −68% (quarter to sep 2026 against sep 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 491 | 476 | 385 | 381 | 504 | 430 | 421 | 393 |
| Operating profit | 143 | 127 | 17 | 14 | 104 | 37 | 17 | 15 |
| Operating margin | 29.1% | 26.7% | 4.5% | 3.8% | 20.7% | 8.6% | 4.0% | 3.8% |
| Interest | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 154 | 126 | 25 | 24 | 105 | 40 | 19 | 18 |
| Tax rate | 22.8% | 32.4% | −19.1% | −80.0% | −123.5% | 17.5% | 28.0% | 20.7% |
| Net profit | 119 | 85 | 30 | 43 | 235 | 33 | 13 | 14 |
| EPS ($ per share) | — | 0.50 | 0.18 | 0.25 | — | 0.19 | 0.08 | 0.09 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Reserves | 511 | 411 | 340 | 276 | -77 | -9 | 88 | 463 |
| Total liabilities | 361 | 446 | 1,062 | 1,177 | 1,227 | 1,157 | 1,183 | 844 |
| Fixed assets | 37 | 34 | 40 | 27 | 55 | 47 | 42 | 45 |
| Investments | 93 | 0 | 293 | 203 | 152 | 193 | 403 | 213 |
| Total assets | 983 | 985 | 1,604 | 1,594 | 1,358 | 1,511 | 1,768 | 1,632 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 104 | -42 | -1 | 39 | 22 | 218 | 346 | 505 |
| Cash from investing | -48 | 70 | -322 | 73 | 13 | -51 | -203 | 197 |
| Cash from financing | -101 | -74 | 423 | -122 | -47 | -82 | -30 | -835 |
| Net cash flow | -48 | -46 | 104 | -12 | -15 | 88 | 109 | -125 |
| Capital expenditure | -12 | -11 | -25 | -10 | -35 | -17 | -8 | -15 |
| Free cash flow | 92 | -53 | -26 | 29 | -13 | 201 | 338 | 491 |
| Segment | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | 100% | 100% | 100% | 100% | 100% | 100% | 100% | +3.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Q3 FY2026 · share of revenue
As PEGA cuts its regions in its filings; they can nest, so they need not add to 100%.
289 filings between Oct 27, 2025 and Oct 1, 2026.
Purchases
None
No insider bought shares.
Sales
$24.98M
52 sales by 6 insiders
48% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 15 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TREFLER ALAN | — | $16.37M | Feb 18, 2026 |
| STILLWELL KENNETH | — | $5.61M | Sep 11, 2026 |
| Akgonul Rifat Kerim | — | $2.04M | Sep 11, 2026 |
| KOUNINIS EFSTATHIOS A | — | $589.6K | Sep 16, 2026 |
| Trefler Leon | — | $299.9K | Mar 10, 2026 |
| LEDINGHAM DIANNE | — | $72.2K | Oct 1, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | LEDINGHAM DIANNE Director | Sale 10b5-1 plan | 1,000 | $34.1K |
| Sep 16, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Sale | 982 | $36.7K |
| Sep 15, 2026 | LEDINGHAM DIANNE Director | Sale 10b5-1 plan | 1,000 | $38.0K |
| Sep 14, 2026 | TREFLER ALAN C.E.O. & Chairman | Gift | 2,399,690 | $0 |
| Sep 14, 2026 | TREFLER ALAN C.E.O. & Chairman | Gift | 5,399,303 | $0 |
| Sep 14, 2026 | TREFLER ALAN C.E.O. & Chairman | Gift | 2,999,613 | $0 |
| Sep 11, 2026 | Akgonul Rifat Kerim Chief Product Officer | Sale | 7,000 | $252.2K |
| Sep 11, 2026 | STILLWELL KENNETH COO, CFO | Sale | 39,627 | $1.42M |
| Sep 7, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Tax withheld | 82 | $3.1K |
| Sep 7, 2026 | Trefler Leon Chief of Clients and Markets | Option exercise | 2,658 | $0 |
| Sep 7, 2026 | Akgonul Rifat Kerim Chief Product Officer | Tax withheld | 1,103 | $41.2K |
| Sep 7, 2026 | STILLWELL KENNETH COO, CFO | Tax withheld | 2,055 | $76.8K |
| Sep 7, 2026 | Higgins John Gerard Chief, Client &Partner Success | Tax withheld | 1,273 | $47.6K |
| Sep 7, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Option exercise | 334 | $0 |
| Sep 7, 2026 | Akgonul Rifat Kerim Chief Product Officer | Option exercise | 2,280 | $0 |
| Sep 7, 2026 | STILLWELL KENNETH COO, CFO | Option exercise | 5,220 | $0 |
| Sep 7, 2026 | Trefler Leon Chief of Clients and Markets | Tax withheld | 1,046 | $39.1K |
| Sep 7, 2026 | Higgins John Gerard Chief, Client &Partner Success | Option exercise | 2,280 | $0 |
| Sep 5, 2026 | Higgins John Gerard Chief, Client &Partner Success | Option exercise | 2,202 | $0 |
| Sep 5, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Option exercise | 440 | $0 |
| Sep 5, 2026 | STILLWELL KENNETH COO, CFO | Option exercise | 4,402 | $0 |
| Sep 5, 2026 | Akgonul Rifat Kerim Chief Product Officer | Tax withheld | 1,065 | $39.8K |
| Sep 5, 2026 | STILLWELL KENNETH COO, CFO | Tax withheld | 1,733 | $64.7K |
| Sep 5, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Tax withheld | 108 | $4.0K |
| Sep 5, 2026 | Higgins John Gerard Chief, Client &Partner Success | Tax withheld | 1,229 | $45.9K |
| Sep 5, 2026 | Trefler Leon Chief of Clients and Markets | Option exercise | 2,202 | $0 |
| Sep 5, 2026 | Trefler Leon Chief of Clients and Markets | Tax withheld | 867 | $32.4K |
| Sep 5, 2026 | Akgonul Rifat Kerim Chief Product Officer | Option exercise | 2,202 | $0 |
| Sep 4, 2026 | Akgonul Rifat Kerim Chief Product Officer | Option exercise | 1,616 | $0 |
| Sep 4, 2026 | STILLWELL KENNETH COO, CFO | Option exercise | 3,232 | $0 |
| Sep 4, 2026 | Akgonul Rifat Kerim Chief Product Officer | Tax withheld | 782 | $29.5K |
| Sep 4, 2026 | Trefler Leon Chief of Clients and Markets | Option exercise | 1,616 | $0 |
| Sep 4, 2026 | Higgins John Gerard Chief, Client &Partner Success | Tax withheld | 902 | $34.0K |
| Sep 4, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Option exercise | 322 | $0 |
| Sep 4, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Tax withheld | 79 | $3.0K |
| Sep 4, 2026 | Trefler Leon Chief of Clients and Markets | Tax withheld | 636 | $24.0K |
| Sep 4, 2026 | STILLWELL KENNETH COO, CFO | Tax withheld | 1,272 | $48.0K |
| Sep 4, 2026 | Higgins John Gerard Chief, Client &Partner Success | Option exercise | 1,616 | $0 |
| Sep 3, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Tax withheld | 1,437 | $55.7K |
| Sep 3, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Sale | 1,063 | $41.2K |
| Sep 3, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Option exercise | 2,500 | $42.4K |
| Sep 1, 2026 | Higgins John Gerard Chief, Client &Partner Success | Option exercise | 1,030 | $0 |
| Sep 1, 2026 | Akgonul Rifat Kerim Chief Product Officer | Tax withheld | 569 | $20.9K |
| Sep 1, 2026 | STILLWELL KENNETH COO, CFO | Option exercise | 2,350 | $0 |
| Sep 1, 2026 | Higgins John Gerard Chief, Client &Partner Success | Tax withheld | 104 | $3.8K |
| Sep 1, 2026 | Trefler Leon Chief of Clients and Markets | Tax withheld | 463 | $17.0K |
| Sep 1, 2026 | STILLWELL KENNETH COO, CFO | Tax withheld | 925 | $34.0K |
| Sep 1, 2026 | Higgins John Gerard Chief, Client &Partner Success | Tax withheld | 104 | $3.8K |
| Sep 1, 2026 | Higgins John Gerard Chief, Client &Partner Success | Option exercise | 186 | $0 |
| Sep 1, 2026 | KOUNINIS EFSTATHIOS A SVP, Chief Accounting Officer | Option exercise | 206 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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