Palo Alto Networks, Inc. (PANW)

NASDAQ: PANW · Real-Time Price · USD

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184.20

-2.65 (-1.42%)

At close: Dec 31, 2025, 4:00 PM EST

184.43

+0.23 (0.12%)

After-hours: Dec 31, 2025, 7:59 PM EST

Palo Alto Networks Income Statement

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

Millions USD. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Oct '25 Oct 31, 2025	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	9,557	9,222	8,028	6,893	5,502	4,256	Upgrade
Revenue Growth (YoY)	15.30%	14.87%	16.46%	25.29%	29.26%	24.87%	Upgrade
Cost of Revenue	2,536	2,452	2,059	1,910	1,719	1,275	Upgrade
Gross Profit	7,021	6,770	5,968	4,983	3,783	2,981	Upgrade
Selling, General & Admin	3,873	3,717	3,271	2,992	2,554	2,145	Upgrade
Research & Development	2,031	1,984	1,809	1,604	1,418	1,140	Upgrade
Operating Expenses	5,904	5,701	5,080	4,596	3,972	3,285	Upgrade
Operating Income	1,117	1,069	888.3	387.3	-188.8	-304.1	Upgrade
Interest Expense	-2	-3	-8.3	-27.2	-27.4	-163.3	Upgrade
Interest & Investment Income	382.5	363.5	317.9	224.4	15.6	8.5	Upgrade
Currency Exchange Gain (Loss)	-35.8	-32.8	0.2	-7.9	1.8	-5.4	Upgrade
Other Non Operating Income (Expenses)	29.1	25.1	-5.4	-10.3	-8.4	-0.7	Upgrade
EBT Excluding Unusual Items	1,491	1,422	1,193	566.3	-207.2	-465	Upgrade
Legal Settlements	-5.2	38.8	-204.4	-	-	-	Upgrade
Other Unusual Items	154.3	135.3	-	-	-	-	Upgrade
Pretax Income	1,640	1,596	988.3	566.3	-207.2	-465	Upgrade
Income Tax Expense	522.8	461.8	-1,589	126.6	59.8	33.9	Upgrade
Net Income	1,117	1,134	2,578	439.7	-267	-498.9	Upgrade
Net Income to Common	1,117	1,134	2,578	439.7	-267	-498.9	Upgrade
Net Income Growth	-59.15%	-56.01%	486.22%	-	-	-	Upgrade
Shares Outstanding (Basic)	669	663	639	606	591	578	Upgrade
Shares Outstanding (Diluted)	709	709	708	685	591	578	Upgrade
Shares Change (YoY)	-0.13%	0.20%	3.42%	15.78%	2.25%	-0.55%	Upgrade
EPS (Basic)	1.67	1.71	4.04	0.73	-0.45	-0.86	Upgrade
EPS (Diluted)	1.58	1.60	3.64	0.64	-0.45	-0.86	Upgrade
EPS Growth	-58.87%	-56.04%	468.75%	-	-	-	Upgrade
Free Cash Flow	3,691	3,470	3,101	2,631	1,792	1,387	Upgrade
Free Cash Flow Per Share	5.20	4.89	4.38	3.84	3.03	2.40	Upgrade
Gross Margin	73.47%	73.41%	74.35%	72.29%	68.76%	70.05%	Upgrade
Operating Margin	11.69%	11.59%	11.07%	5.62%	-3.43%	-7.14%	Upgrade
Profit Margin	11.69%	12.30%	32.11%	6.38%	-4.85%	-11.72%	Upgrade
Free Cash Flow Margin	38.62%	37.63%	38.63%	38.17%	32.57%	32.59%	Upgrade
EBITDA	1,383	1,330	1,094	590	31.4	-91.5	Upgrade
EBITDA Margin	14.47%	14.42%	13.63%	8.56%	0.57%	-2.15%	Upgrade
D&A For EBITDA	265.7	260.7	206.1	202.7	220.2	212.6	Upgrade
EBIT	1,117	1,069	888.3	387.3	-188.8	-304.1	Upgrade
EBIT Margin	11.69%	11.59%	11.07%	5.62%	-3.43%	-7.14%	Upgrade
Effective Tax Rate	31.88%	28.94%	-	22.36%	-	-	Upgrade
Revenue as Reported	9,557	9,222	8,028	6,893	5,502	4,256	Upgrade

Updated Nov 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q