Skip to main content
logo
Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
374.74
-15.18 (-3.89%)
At close: Sep 25, 2026, 4:00 PM EDT
374.60
-0.14 (-0.04%)
After-hours: Sep 25, 2026, 7:59 PM EDT

Palo Alto Networks Cash Flow Statement

Millions USD. Fiscal year is Aug - Jul.

Operating Activities

Fiscal Year
FY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Net Income
3071,1342,578439.7-267
Depreciation & Amortization
751260206202.7220.2
Other Amortization
694565527499.6431.7
Loss (Gain) From Sale of Investments
-54-41-60-52.213.5
Stock-Based Compensation
1,7741,2951,0761,0751,011
Other Operating Activities
502-420-1,97862.451.3
Change in Accounts Receivable
-335-345-155-320.3-902
Change in Accounts Payable
43107-15169.3
Change in Unearned Revenue
1,2021,2392,1802,3021,970
Change in Other Net Operating Assets
-331-78-1,101-1,432-613.4
Operating Cash Flow
4,5533,7163,2582,7781,985
Operating Cash Flow Growth
22.52%14.06%17.30%39.95%32.05%

Investing Activities

Fiscal Year
FY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Capital Expenditures
-440-247-157-146.3-192.8
Cash Acquisitions
-4,663-1,054-611-204.5-37
Investment in Securities
1,999-904-742-1,683-703.6
Investing Cash Flow
-3,104-2,205-1,510-2,034-933.4

Financing Activities

Fiscal Year
FY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Long-Term Debt Issued
10----
Long-Term Debt Repaid
-160-966-1,033-1,692-0.6
Net Debt Issued (Repaid)
-150-966-1,033-1,692-0.6
Issuance of Common Stock
265371283258.8136.6
Repurchase of Common Stock
-1,126-184-593-293.1-942.6
Other Financing Activities
-191----
Financing Cash Flow
-1,202-779-1,343-1,726-806.6

Net Cash Flow

Fiscal Year
FY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Foreign Exchange Rate Adjustments
-3----
Net Cash Flow
244732405-982.6244.7

Free Cash Flow

Fiscal Year
FY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Free Cash Flow
4,1133,4693,1012,6311,792
Free Cash Flow Growth
18.56%11.87%17.85%46.84%29.19%
Free Cash Flow Margin
35.83%37.62%38.63%38.17%32.57%
Free Cash Flow Per Share
5.384.894.383.843.03
Levered Free Cash Flow
4,2413,4652,4372,1071,374
Unlevered Free Cash Flow
4,2413,4662,4392,1181,384

Additional Metrics

Fiscal Year
FY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Cash Interest Paid
-2620.220.2
Cash Income Tax Paid
199505342147.134.6
Change in Working Capital
579923909550.8523.9
SEC Filings: 10-K · 10-Q