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Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
373.94
+43.29 (13.09%)
At close: Sep 14, 2026, 4:00 PM EDT
367.60
-6.34 (-1.70%)
Pre-market: Sep 15, 2026, 7:57 AM EDT

Palo Alto Networks Cash Flow Statement

Millions USD. Fiscal year is Aug - Jul.

Operating Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Net Income
-282-177432334254262267351357.7278.81,747194.2227.7107.884.2203.3-73.2-93.5-103.6
Depreciation & Amortization
23733491891888784-1.174.368.664.3-10.272.369.970.7-27.4108.969.769
Other Amortization
284149135126220119116110199.1111.1110106.5196.9103.2100.798.8165.290.987.987.7
Loss (Gain) From Sale of Investments
-1-1-45-7-6-9-11-15-13.6-15.6-16.2-14.7-17.8-20.1-161.733.23.73.6
Stock-Based Compensation
460643301370354326320295268.9263.5272271254.2271283.3266239.6247.3265.1259.1
Other Operating Activities
483-202514-46-105-154-115-200.8-112.4-1,67712.120.414.91512.154.4-25.112.412.7
Change in Accounts Receivable
-776-423-7581,622-1,014-454-3631,486-903.2180.9-482.21,050-1,020-165.3-39.8904.4-901.9-288.4-140.1428.4
Change in Accounts Payable
-71042-2-1286-64975.5-67.847.7-0.437.3-371.7-117.7-8.222.237.6
Change in Unearned Revenue
1,149397178-5221,175311169-4161,313349.2372.1146.41,207535.3374185.61,135410.2291134.2
Change in Other Net Operating Assets
-190-41153-253954190-367-512.7-533.1248.4-303.6-481.6-450-178.4-321.6-164.8-76.1-35.8-339.8
Operating Cash Flow
1,3578715541,7711,0216285571,510512.7528.96901,526414.1432.1694.61,237523.7389.5482.6588.9
Operating Cash Flow Growth (YoY)
32.91%38.69%-0.54%17.29%99.14%18.74%-19.28%-1.05%23.81%22.40%-0.66%23.39%-20.93%10.94%43.93%110.00%60.74%40.21%32.40%10.10%

Investing Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Capital Expenditures
-103-83-170-84-87-68-48-44-47.4-37.4-35.2-36.8-37.2-31.2-38.3-39.6-39.2-38.3-80.7-34.6
Cash Acquisitions
-100-1,985-2,576-2-555-1-500---610.6---18.9-185.6--19.6---17.4
Investment in Securities
-8033023,397-897-121-449-334--121.1150.5-679.7-92.2399.8138-940.6-1,280-413.381.2-193.6-177.9
Investing Cash Flow
-1,006-1,766651-983-763-517-381-544-168.5113.1-1,326-129362.687.9-1,165-1,320-472.142.9-274.3-229.9

Financing Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Total Debt Issued
-10------------------
Long-Term Debt Repaid
--------319----46--------
Total Debt Repaid
-160----383-151-113-319-199.6-661.8-126.3-46-1,692----0.6---
Net Debt Issued (Repaid)
-16010---383-151-113-319-199.6-661.8-126.3-46-1,692----0.6---
Issuance of Common Stock
11268130102033712124.2115.857.586.460.1130.30.767.70.377.50.158.7
Repurchase of Common Stock
-1-1,016-108-1-1-5-156-22-3.9-503.4-3.8-82.2-2.9-2.1-251.5-36.6-352.8-11.2-558.6-20
Other Financing Activities
-37-19-14-121----------------
Financing Cash Flow
-197-899-1148-37447-232-220-179.3-1,049-72.6-41.8-1,635128.2-250.831.1-353.166.3-558.538.7

Net Cash Flow

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Foreign Exchange Rate Adjustments
-52------------------
Net Cash Flow
149-1,7921,091796-116158-56746164.9-407.4-708.11,355-858.1648.2-720.7-52-301.5498.7-350.2397.7

Free Cash Flow

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Free Cash Flow
1,2547883841,6879345605091,466465.3491.5654.81,489376.9400.9656.31,197484.5351.2401.9554.3
Free Cash Flow Growth (YoY)
34.26%40.71%-24.56%15.07%100.73%13.94%-22.27%-1.56%23.45%22.60%-0.23%24.40%-22.21%14.15%63.30%115.97%62.37%39.98%20.91%9.70%
Free Cash Flow Margin
36.77%26.25%14.80%68.19%36.83%24.46%22.55%68.54%21.25%24.76%33.15%79.29%19.30%23.30%39.65%76.57%31.25%25.33%30.52%44.44%
Free Cash Flow Per Share
1.530.980.542.381.320.790.722.070.660.690.922.130.530.580.991.770.720.590.680.95
Levered Free Cash Flow
1,0921,134462.251,632429.88413.6637.481,984139.56546.4446.051,433142.88233.61592.031,13915.21349.1401.16608.4
Unlevered Free Cash Flow
1,0921,134462.251,632429.88414.23637.11,985139.15547.04446.71,433145.04236.69594.641,14117.73351.55403.61610.91

Additional Metrics

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
Jul '26 Apr '26 Jan '26 Oct '25 Jul '25 Apr '25 Jan '25 Oct '24 Jul '24 Apr '24 Jan '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Cash Interest Paid
----2---5.6---20.2---20.2---
Cash Income Tax Paid
199---505---342.3---147.1---34.6---
Change in Working Capital
176-57-385845244-53-68800-97.5-70.8186892.6-257.1-117157.5767.485.637.5137.3260.4
SEC Filings: 10-K · 10-Q