Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
325.91
-12.40 (-3.67%)
At close: Jul 10, 2026, 4:00 PM EDT
325.60
-0.31 (-0.10%)
After-hours: Jul 10, 2026, 7:59 PM EDT
Palo Alto Networks Income Statement
Financials in millions USD. Fiscal year is August - July.
Millions USD. Fiscal year is Aug - Jul.
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 30, 2026 | Jan '26 Jan 31, 2026 | Oct '25 Oct 31, 2025 | Jul '25 Jul 31, 2025 | Apr '25 Apr 30, 2025 | Jan '25 Jan 31, 2025 | Oct '24 Oct 31, 2024 | Jul '24 Jul 31, 2024 | Apr '24 Apr 30, 2024 | Jan '24 Jan 31, 2024 | Oct '23 Oct 31, 2023 | Jul '23 Jul 31, 2023 | Apr '23 Apr 30, 2023 | Jan '23 Jan 31, 2023 | Oct '22 Oct 31, 2022 | Jul '22 Jul 31, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 31, 2022 | Oct '21 Oct 31, 2021 | Jul '21 Jul 31, 2021 |
| 10,607 | 9,894 | 9,557 | 9,222 | 8,875 | 8,570 | 8,288 | 8,028 | 7,791 | 7,527 | 7,207 | 6,893 | 6,490 | 6,156 | 5,818 | 5,502 | 5,170 | 4,858 | 4,558 | 4,256 | |
Revenue Growth (YoY) | 19.52% | 15.44% | 15.30% | 14.87% | 13.90% | 13.86% | 15.00% | 16.46% | 20.05% | 22.28% | 23.89% | 25.29% | 25.52% | 26.73% | 27.65% | 29.26% | 29.67% | 28.41% | 27.22% | 24.87% |
Cost of Revenue | 2,977 | 2,622 | 2,536 | 2,452 | 2,346 | 2,240 | 2,140 | 2,059 | 1,992 | 1,954 | 1,921 | 1,910 | 1,895 | 1,861 | 1,800 | 1,719 | 1,585 | 1,475 | 1,378 | 1,275 |
Gross Profit | 7,630 | 7,272 | 7,021 | 6,770 | 6,529 | 6,330 | 6,148 | 5,968 | 5,799 | 5,574 | 5,287 | 4,983 | 4,595 | 4,295 | 4,018 | 3,783 | 3,585 | 3,382 | 3,180 | 2,981 |
Selling, General & Admin | 4,333 | 3,813 | 3,724 | 3,543 | 3,570 | 3,450 | 3,512 | 3,475 | 3,371 | 3,287 | 3,058 | 2,992 | 2,892 | 2,777 | 2,658 | 2,554 | 2,470 | 2,375 | 2,280 | 2,145 |
Research & Development | 2,277 | 2,037 | 2,031 | 1,984 | 1,975 | 1,938 | 1,881 | 1,809 | 1,729 | 1,686 | 1,642 | 1,604 | 1,553 | 1,495 | 1,450 | 1,418 | 1,379 | 1,335 | 1,243 | 1,140 |
Total Operating Expenses | 6,610 | 5,850 | 5,755 | 5,527 | 5,544 | 5,388 | 5,393 | 5,284 | 5,100 | 4,973 | 4,700 | 4,596 | 4,446 | 4,272 | 4,108 | 3,972 | 3,850 | 3,710 | 3,522 | 3,285 |
Operating Income | 1,020 | 1,422 | 1,266 | 1,243 | 984.4 | 942.1 | 754.7 | 683.9 | 699 | 601 | 587.3 | 387.3 | 149.2 | 22.9 | -90.9 | -188.8 | -264.6 | -327.4 | -342.3 | -304.1 |
Interest Expense | -0.2 | -1.2 | -2.2 | -3 | -3.3 | -4.6 | -6.4 | -8.3 | -13.7 | -19.2 | -23.3 | -27.2 | -28.4 | -27.4 | -27.3 | -27.4 | -61.9 | -96.1 | -130 | -163.3 |
Other Non-Operating Income (Expense) | 376.8 | 442.8 | 375.8 | 355.8 | 341.9 | 325.7 | 325.4 | 312.7 | 300.5 | 283.8 | 250.5 | 206.2 | 146.3 | 88.1 | 36.6 | 9 | -0.3 | -1.2 | -1.6 | 2.4 |
Total Non-Operating Income (Expense) | 376.6 | 441.6 | 373.6 | 352.8 | 338.6 | 321.1 | 319 | 304.4 | 286.8 | 264.6 | 227.2 | 179 | 117.9 | 60.7 | 9.3 | -18.4 | -62.2 | -97.3 | -131.6 | -160.9 |
Pretax Income | 1,397 | 1,864 | 1,640 | 1,596 | 1,323 | 1,263 | 1,074 | 988.3 | 985.8 | 865.6 | 814.5 | 566.3 | 267.1 | 83.6 | -81.6 | -207.2 | -326.8 | -424.7 | -473.9 | -465 |
Provision for Income Taxes | 553.8 | 581.8 | 522.8 | 461.8 | 85.3 | 8.7 | -1,661 | -1,589 | -1,462 | -1,411 | 200.6 | 126.6 | 51.8 | 49.3 | 61.8 | 59.8 | 62.8 | 36.8 | 36.4 | 33.9 |
Net Income | 842.9 | 1,282 | 1,117 | 1,134 | 1,238 | 1,255 | 2,734 | 2,578 | 2,448 | 2,277 | 613.9 | 439.7 | 215.3 | 34.3 | -143.4 | -267 | -389.6 | -461.5 | -510.3 | -498.9 |
Net Income to Common | 842.9 | 1,282 | 1,117 | 1,134 | 1,238 | 1,255 | 2,734 | 2,578 | 2,448 | 2,277 | 613.9 | 439.7 | 215.3 | 34.3 | -143.4 | -267 | -389.6 | -461.5 | -510.3 | -498.9 |
Net Income Growth | -31.90% | 2.18% | -59.15% | -56.01% | -49.43% | -44.90% | 345.41% | 486.22% | 1036.83% | 6537.32% | - | - | - | - | - | - | - | - | - | - |
Shares Outstanding (Basic) | 713 | 679 | 668 | 663 | 657 | 652 | 647 | 639 | 630 | 620 | 612 | 606 | 602 | 599 | 595 | 591 | 588 | 585 | 581 | 578 |
Shares Outstanding (Diluted) | 733 | 709 | 709 | 709 | 708 | 709 | 710 | 708 | 708 | 703 | 690 | 685 | 671 | 647 | 629 | 591 | 588 | 585 | 581 | 578 |
Shares Change (YoY) | 3.43% | 0.03% | -0.25% | 0.20% | 0.07% | 0.86% | 2.97% | 3.42% | 5.40% | 8.54% | 9.68% | 15.78% | 14.22% | 10.70% | 8.16% | 2.25% | 1.98% | 1.51% | 0.29% | -0.55% |
EPS (Basic) | 1.26 | 1.87 | 1.67 | 1.71 | 1.89 | 1.93 | 4.25 | 4.04 | 3.85 | 3.59 | 1.00 | 0.73 | 0.35 | 0.06 | -0.24 | -0.45 | -0.67 | -0.79 | -0.88 | -0.86 |
EPS (Diluted) | 1.22 | 1.81 | 1.58 | 1.60 | 1.75 | 1.77 | 3.83 | 3.64 | 3.43 | 3.19 | 0.88 | 0.64 | 0.32 | 0.04 | -0.25 | -0.45 | -0.67 | -0.79 | -0.88 | -0.86 |
EPS Growth | -30.29% | 2.26% | -58.75% | -56.04% | -48.98% | -44.60% | 335.23% | 468.75% | 988.89% | 9028.57% | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | 3,794 | 3,566 | 3,691 | 3,470 | 3,000 | 2,932 | 3,078 | 3,101 | 3,012 | 2,922 | 2,923 | 2,631 | 2,739 | 2,689 | 2,435 | 1,792 | 1,606 | 1,506 | 1,436 | 1,387 |
Free Cash Flow Growth | 26.45% | 21.63% | 19.93% | 11.90% | -0.40% | 0.34% | 5.28% | 17.85% | 9.99% | 8.65% | 20.07% | 46.84% | 70.56% | 78.62% | 69.55% | 29.19% | 15.48% | 23.08% | 25.02% | 68.88% |
Free Cash Flow Per Share | 5.18 | 5.03 | 5.21 | 4.89 | 4.24 | 4.14 | 4.33 | 4.38 | 4.26 | 4.16 | 4.24 | 3.84 | 4.08 | 4.15 | 3.87 | 3.03 | 2.73 | 2.57 | 2.47 | 2.40 |
Gross Margin | 71.94% | 73.50% | 73.47% | 73.41% | 73.57% | 73.86% | 74.18% | 74.35% | 74.43% | 74.05% | 73.35% | 72.29% | 70.80% | 69.77% | 69.06% | 68.76% | 69.34% | 69.63% | 69.77% | 70.05% |
Operating Margin | 9.62% | 14.37% | 13.25% | 13.48% | 11.09% | 10.99% | 9.11% | 8.52% | 8.97% | 7.98% | 8.15% | 5.62% | 2.30% | 0.37% | -1.56% | -3.43% | -5.12% | -6.74% | -7.51% | -7.15% |
Profit Margin | 7.95% | 12.96% | 11.69% | 12.30% | 13.95% | 14.64% | 32.99% | 32.11% | 31.41% | 30.24% | 8.52% | 6.38% | 3.32% | 0.56% | -2.46% | -4.85% | -7.54% | -9.50% | -11.20% | -11.72% |
FCF Margin | 35.77% | 36.04% | 38.62% | 37.63% | 33.81% | 34.21% | 37.13% | 38.63% | 38.66% | 38.82% | 40.56% | 38.17% | 42.20% | 43.68% | 41.85% | 32.57% | 31.06% | 30.99% | 31.51% | 32.59% |
EBITDA | 2,177 | 2,292 | 2,146 | 2,092 | 1,800 | 1,726 | 1,507 | 1,412 | 1,410 | 1,295 | 1,273 | 1,087 | 862.3 | 746.4 | 639.2 | 531 | 470.7 | 423.7 | 418 | 454.8 |
EBITDA Margin | 20.53% | 23.17% | 22.45% | 22.69% | 20.29% | 20.14% | 18.18% | 17.59% | 18.10% | 17.21% | 17.66% | 15.77% | 13.29% | 12.13% | 10.99% | 9.65% | 9.10% | 8.72% | 9.17% | 10.69% |
EBIT | 1,020 | 1,422 | 1,266 | 1,243 | 984.4 | 942.1 | 754.7 | 683.9 | 699 | 601 | 587.3 | 387.3 | 149.2 | 22.9 | -90.9 | -188.8 | -264.6 | -327.4 | -342.3 | -304.1 |
EBIT Margin | 9.62% | 14.37% | 13.25% | 13.48% | 11.09% | 10.99% | 9.11% | 8.52% | 8.97% | 7.98% | 8.15% | 5.62% | 2.30% | 0.37% | -1.56% | -3.43% | -5.12% | -6.74% | -7.51% | -7.15% |
Effective Tax Rate | 39.65% | 31.22% | 31.88% | 28.94% | 6.45% | 0.69% | -154.67% | -160.81% | -148.29% | -163.01% | 24.63% | 22.36% | 19.39% | 58.97% | -75.74% | -28.86% | -19.22% | -8.66% | -7.68% | -7.29% |