Pagenaud moved from Schmidt Peterson Motorsports to Team Penske in 2015. Pagenaud nearly won the 2015 Indianapolis 500, leading with less than 30 laps to go and engaging most of the race in a 3-way battle between Scott Dixon and Tony Kanaan. Pagenaud ended up being over-taken by the field and went on to finish 10th, while teammate Juan Pablo Montoya won the race. Pagenaud didn't win a race in 2015, but renewed his deal with TEAM Penske in 2016.