Palo Alto Networks, Inc. (PANW)

NASDAQ: PANW · Real-Time Price · USD

323.79

-1.84 (-0.57%)

At close: Jul 24, 2026, 4:00 PM EDT

328.00

+4.21 (1.30%)

Pre-market: Jul 27, 2026, 4:05 AM EDT

Palo Alto Networks Financials Overview

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

Millions USD. Fiscal year is Aug - Jul.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	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
Revenue	10,607	9,222	8,028	6,893	5,502	4,256
Revenue Growth	19.52%	14.87%	16.46%	25.29%	29.26%	24.87%
Gross Profit	7,630	6,770	5,968	4,983	3,783	2,981
Operating Income	1,020	1,243	683.9	387.3	-188.8	-304.1
Net Income	842.9	1,134	2,578	439.7	-267	-498.9
Earnings Per Share	1.22	1.60	3.64	0.64	-0.45	-0.86
EPS Growth	-30.29%	-56.04%	468.75%	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	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
Product	2,116	1,802	1,603	1,578	1,363	1,120
Subscription	5,715	4,974	4,189	3,335	2,539	1,899
Support	2,775	2,445	2,236	1,979	1,599	1,237
Revenue (Total)	10,607	9,222	8,028	6,893	5,502	4,256

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	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
Cash & Investments	3,111	2,904	2,579	2,390	3,635	2,901
Total Debt	2,071	338	1,344	2,271	3,953	3,539
Net Cash (Debt)	1,040	2,566	1,234	119.3	-318.4	-638.3
Net Cash Growth	-59.55%	107.87%	934.70%	-	-	-
Net Cash Per Share	1.42	3.62	1.74	0.17	-0.54	-1.10

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	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
Operating Cash Flow	4,217	3,716	3,258	2,778	1,985	1,503
Capital Expenditures	-423.2	-246.2	-156.8	-146.3	-192.8	-116
Free Cash Flow	3,794	3,470	3,101	2,631	1,792	1,387
Free Cash Flow Growth	26.45%	11.90%	17.85%	46.84%	29.19%	68.88%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	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
Gross Margin	71.94%	73.41%	74.35%	72.29%	68.76%	70.05%
Operating Margin	9.62%	13.48%	8.52%	5.62%	-3.43%	-7.15%
Pretax Margin	13.17%	17.30%	12.31%	8.22%	-3.77%	-10.93%
Profit Margin	7.95%	12.30%	32.11%	6.38%	-4.85%	-11.72%
FCF Margin	35.77%	37.63%	38.63%	38.17%	32.57%	32.59%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 27, 2026	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
PE Ratio	282.23	108.50	44.61	195.28	-	-
Forward PE	82.52	49.06	55.27	51.48	56.87	60.84
P/FCF Ratio	69.56	33.42	34.05	29.29	27.74	27.99
PS Ratio	24.88	12.57	13.15	11.18	9.04	9.12