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
Period Ending	Jan '26 Jan 31, 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	9,893	9,222	8,028	6,893	5,502	4,256
Revenue Growth (YoY)	15.44%	14.87%	16.46%	25.29%	29.26%	24.87%
Cost of Revenue	2,621	2,452	2,059	1,910	1,719	1,275
Gross Profit	7,272	6,770	5,968	4,983	3,783	2,981
Selling, General & Admin	3,813	3,543	3,475	2,992	2,554	2,145
Research & Development	2,037	1,984	1,809	1,604	1,418	1,140
Total Operating Expenses	5,850	5,527	5,284	4,596	3,972	3,285
Operating Income	1,422	1,243	683.9	387.3	-188.8	-304.1
Interest Expense	-0.9	-3	-8.3	-27.2	-27.4	-163.3
Other Non-Operating Income (Expense)	442.2	355.8	312.7	206.2	9	2.4
Total Non-Operating Income (Expense)	441.3	352.8	304.4	179	-18.4	-160.9
Pretax Income	1,863	1,596	988.3	566.3	-207.2	-465
Provision for Income Taxes	581.4	461.8	-1,589	126.6	59.8	33.9
Net Income	1,282	1,134	2,578	439.7	-267	-498.9
Net Income to Common	1,282	1,134	2,578	439.7	-267	-498.9
Net Income Growth	2.18%	-56.01%	486.22%	-	-	-
Shares Outstanding (Basic)	679	663	639	606	591	578
Shares Outstanding (Diluted)	709	709	708	685	591	578
Shares Change (YoY)	0.05%	0.20%	3.42%	15.78%	2.25%	-0.55%
EPS (Basic)	1.87	1.71	4.04	0.73	-0.45	-0.86
EPS (Diluted)	1.81	1.60	3.64	0.64	-0.45	-0.86
EPS Growth	2.26%	-56.04%	468.75%	-	-	-
Shares Outstanding	695	667.9	650.2	616.6	597.6	583.8
Free Cash Flow	3,566	3,470	3,101	2,631	1,792	1,387
Free Cash Flow Growth	2.77%	11.90%	17.85%	46.84%	29.19%	68.88%
Free Cash Flow Per Share	5.03	4.89	4.38	3.84	3.03	2.40
Gross Margin	73.50%	73.41%	74.35%	72.29%	68.76%	70.05%
Operating Margin	14.37%	13.48%	8.52%	5.62%	-3.43%	-7.15%
Profit Margin	12.96%	12.30%	32.11%	6.38%	-4.85%	-11.72%
FCF Margin	36.04%	37.63%	38.63%	38.17%	32.57%	32.59%
EBITDA	2,293	2,092	1,412	1,087	531	454.8
EBITDA Margin	23.17%	22.69%	17.59%	15.77%	9.65%	10.69%
EBIT	1,422	1,243	683.9	387.3	-188.8	-304.1
EBIT Margin	14.37%	13.48%	8.52%	5.62%	-3.43%	-7.15%
Effective Tax Rate	31.20%	28.94%	-160.81%	22.36%	-28.86%	-7.29%

Updated Feb 18, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q