Palo Alto Networks Income Statement

Financials in millions USD. Fiscal year is August - July.

Millions USD. Fiscal year is Aug - Jul.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021	2016 - 2020
Revenue	9,222	8,028	6,893	5,502	4,256	Upgrade
Revenue Growth (YoY)	14.87%	16.46%	25.29%	29.26%	24.87%	Upgrade
Cost of Revenue	2,452	2,059	1,910	1,719	1,275	Upgrade
Gross Profit	6,770	5,968	4,983	3,783	2,981	Upgrade
Selling, General & Admin	3,543	3,271	2,992	2,554	2,145	Upgrade
Research & Development	1,984	1,809	1,604	1,418	1,140	Upgrade
Operating Expenses	5,527	5,080	4,596	3,972	3,285	Upgrade
Operating Income	1,243	888.3	387.3	-188.8	-304.1	Upgrade
Interest Expense	-3	-8.3	-27.2	-27.4	-163.3	Upgrade
Interest & Investment Income	-	317.9	224.4	15.6	8.5	Upgrade
Currency Exchange Gain (Loss)	-	0.2	-7.9	1.8	-5.4	Upgrade
Other Non Operating Income (Expenses)	355.8	-5.4	-10.3	-8.4	-0.7	Upgrade
EBT Excluding Unusual Items	1,596	1,193	566.3	-207.2	-465	Upgrade
Legal Settlements	-	-204.4	-	-	-	Upgrade
Pretax Income	1,596	988.3	566.3	-207.2	-465	Upgrade
Income Tax Expense	461.8	-1,589	126.6	59.8	33.9	Upgrade
Net Income	1,134	2,578	439.7	-267	-498.9	Upgrade
Net Income to Common	1,134	2,578	439.7	-267	-498.9	Upgrade
Net Income Growth	-56.01%	486.22%	-	-	-	Upgrade
Shares Outstanding (Basic)	663	638	606	591	578	Upgrade
Shares Outstanding (Diluted)	709	708	685	591	578	Upgrade
Shares Change (YoY)	0.18%	3.42%	15.80%	2.25%	-0.55%	Upgrade
EPS (Basic)	1.71	4.04	0.73	-0.45	-0.86	Upgrade
EPS (Diluted)	1.60	3.64	0.64	-0.45	-0.86	Upgrade
EPS Growth	-56.04%	468.75%	-	-	-	Upgrade
Free Cash Flow	-	3,101	2,631	1,792	1,387	Upgrade
Free Cash Flow Per Share	-	4.38	3.84	3.03	2.40	Upgrade
Gross Margin	73.41%	74.35%	72.29%	68.76%	70.05%	Upgrade
Operating Margin	13.48%	11.07%	5.62%	-3.43%	-7.14%	Upgrade
Profit Margin	12.30%	32.11%	6.38%	-4.85%	-11.72%	Upgrade
Free Cash Flow Margin	-	38.63%	38.17%	32.57%	32.59%	Upgrade
EBITDA	1,589	1,094	590	31.4	-91.5	Upgrade
EBITDA Margin	17.23%	13.63%	8.56%	0.57%	-2.15%	Upgrade
D&A For EBITDA	346.13	206.1	202.7	220.2	212.6	Upgrade
EBIT	1,243	888.3	387.3	-188.8	-304.1	Upgrade
EBIT Margin	13.48%	11.07%	5.62%	-3.43%	-7.14%	Upgrade
Effective Tax Rate	28.94%	-	22.36%	-	-	Upgrade
Revenue as Reported	9,222	8,028	6,893	5,502	4,256	Upgrade

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.