Palo Alto Networks, Inc. (PANW)

Palo Alto Networks Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021
Revenue	9,222	8,028	6,893	5,502	4,256
Revenue Growth (YoY)	14.87%	16.46%	25.29%	29.26%	24.87%
Cost of Revenue	2,452	2,059	1,910	1,719	1,275
Gross Profit	6,770	5,968	4,983	3,783	2,981
Selling, General & Admin	3,717	3,271	2,992	2,554	2,145
Research & Development	1,984	1,809	1,604	1,418	1,140
Operating Expenses	5,701	5,080	4,596	3,972	3,285
Operating Income	1,069	888.3	387.3	-188.8	-304.1
Interest Expense	-3	-8.3	-27.2	-27.4	-163.3
Interest & Investment Income	363.5	317.9	224.4	15.6	8.5
Currency Exchange Gain (Loss)	-32.8	0.2	-7.9	1.8	-5.4
Other Non Operating Income (Expenses)	25.1	-5.4	-10.3	-8.4	-0.7
EBT Excluding Unusual Items	1,422	1,193	566.3	-207.2	-465
Legal Settlements	38.8	-204.4	-	-	-
Other Unusual Items	135.3	-	-	-	-
Pretax Income	1,596	988.3	566.3	-207.2	-465
Income Tax Expense	461.8	-1,589	126.6	59.8	33.9
Net Income	1,134	2,578	439.7	-267	-498.9
Net Income to Common	1,134	2,578	439.7	-267	-498.9
Net Income Growth	-56.01%	486.22%	-	-	-
Shares Outstanding (Basic)	663	639	606	591	578
Shares Outstanding (Diluted)	709	708	685	591	578
Shares Change (YoY)	0.20%	3.42%	15.78%	2.25%	-0.55%
EPS (Basic)	1.71	4.04	0.73	-0.45	-0.86
EPS (Diluted)	1.60	3.64	0.64	-0.45	-0.86
EPS Growth	-56.04%	468.75%	-	-	-
Free Cash Flow	3,470	3,101	2,631	1,792	1,387
Free Cash Flow Per Share	4.89	4.38	3.84	3.03	2.40
Gross Margin	73.41%	74.35%	72.29%	68.76%	70.05%
Operating Margin	11.59%	11.07%	5.62%	-3.43%	-7.14%
Profit Margin	12.30%	32.11%	6.38%	-4.85%	-11.72%
Free Cash Flow Margin	37.63%	38.63%	38.17%	32.57%	32.59%
EBITDA	1,330	1,094	590	31.4	-91.5
EBITDA Margin	14.42%	13.63%	8.56%	0.57%	-2.15%
D&A For EBITDA	260.7	206.1	202.7	220.2	212.6
EBIT	1,069	888.3	387.3	-188.8	-304.1
EBIT Margin	11.59%	11.07%	5.62%	-3.43%	-7.14%
Effective Tax Rate	28.94%	-	22.36%	-	-
Revenue as Reported	9,222	8,028	6,893	5,502	4,256

Updated Aug 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q