Palo Alto Networks, Inc. (PANW)

NASDAQ: PANW · Real-Time Price · USD

370.27

-4.77 (-1.27%)

At close: Oct 15, 2026, 4:00 PM EDT

373.57

+3.30 (0.89%)

Pre-market: Oct 16, 2026, 4:43 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 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Revenue	11,480	11,480	9,221	8,027	6,893	5,502
Revenue Growth	24.50%	24.50%	14.88%	16.46%	25.29%	29.26%
Gross Profit	8,080	8,080	6,770	5,968	4,983	3,783
Operating Income	809	809	1,069	684	387.3	-188.8
Net Income	307	307	1,134	2,578	439.7	-267
Earnings Per Share	0.40	0.40	1.60	3.64	0.64	-0.45
EPS Growth	-75.00%	-75.00%	-56.04%	468.75%	-	-

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Product	2,280	2,280	1,802	1,603	1,578	1,363
Subscription	6,239	6,239	4,974	4,189	3,335	2,539
Support	2,961	2,961	2,445	2,236	1,979	1,599
Revenue (Total)	11,480	11,480	9,221	8,027	6,893	5,502

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Cash & Investments	3,071	3,071	2,904	2,579	2,390	3,635
Total Debt	2,567	2,567	338	1,344	2,271	3,953
Net Cash (Debt)	504	504	2,566	1,234	119.3	-318.4
Net Cash Growth	-80.36%	-80.36%	107.87%	934.70%	-	-
Net Cash Per Share	0.66	0.66	3.62	1.74	0.17	-0.54

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Operating Cash Flow	4,553	4,553	3,716	3,258	2,778	1,985
Capital Expenditures	-440	-440	-247	-157	-146.3	-192.8
Free Cash Flow	4,113	4,113	3,469	3,101	2,631	1,792
Free Cash Flow Growth	18.56%	18.56%	11.87%	17.85%	46.84%	29.19%

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Gross Margin	70.38%	70.38%	73.42%	74.35%	72.29%	68.76%
Operating Margin	7.05%	7.05%	11.59%	8.52%	5.62%	-3.43%
Pretax Margin	4.67%	4.67%	17.31%	12.31%	8.22%	-3.77%
Profit Margin	2.67%	2.67%	12.30%	32.12%	6.38%	-4.85%
FCF Margin	35.83%	35.83%	37.62%	38.63%	38.17%	32.57%

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '26 Oct 16, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
PE Ratio	986.58	880.92	102.25	40.79	173.87	-
Forward PE	88.35	84.54	49.06	55.27	51.48	56.87
P/FCF Ratio	73.64	65.75	33.43	33.91	29.06	27.75
PS Ratio	26.38	23.56	12.58	13.10	11.09	9.04