Palo Alto Networks, Inc. (PANW)

Palo Alto Networks Income Statement

Financials in millions USD. Fiscal year is August - July.

Fiscal Quarter	Q4 2026	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
Period Ending	Jul 31, 2026	Apr 30, 2026	Jan 31, 2026	Oct 31, 2025	Jul 31, 2025	Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021
Revenue	3,410	3,002	2,594	2,474	2,536	2,289	2,257	2,139	2,190	1,985	1,975	1,878	1,953	1,721	1,655	1,563	1,551	1,387	1,317	1,247
Revenue Growth (YoY)	34.46%	31.15%	14.93%	15.66%	15.83%	15.33%	14.27%	13.89%	12.09%	15.33%	19.33%	20.13%	25.98%	24.10%	25.68%	25.33%	27.16%	29.13%	29.50%	31.86%
Cost of Revenue	1,106	971	685	638	679	619	599	554	573.7	513.6	499.1	472.8	506.8	474.8	466.2	461.9	492.3	440.5	405.3	380.6
Gross Profit	2,304	2,031	1,909	1,836	1,857	1,670	1,658	1,585	1,616	1,471	1,476	1,405	1,447	1,246	1,189	1,102	1,058	946.2	911.6	866.8
Selling, General & Admin	1,341	1,372	996	1,011	1,010	951	901	855	855	837.3	797.7	780.6	778.6	753.7	744.9	714.5	679	638.4	626.5	610
Research & Development	779	733	511	528	504	494	505	481	494.8	457.2	447.9	409.5	414.4	413.7	404.1	371.8	363.8	355.4	359	339.5
Operating Expenses	2,120	2,105	1,507	1,539	1,514	1,445	1,406	1,336	1,350	1,295	1,246	1,190	1,193	1,167	1,149	1,086	1,043	993.8	985.5	949.5
Operating Income	184	-74	402	297	343	225	252	249	266	176.7	230.4	215.2	253.5	78.7	39.9	15.2	15.4	-47.6	-73.9	-82.7
Interest Expense	-	-	-	-	-	-1	-1	-1	-0.3	-2.3	-2.8	-2.9	-5.7	-7.8	-6.9	-6.8	-6.9	-6.8	-6.8	-6.9
Interest & Investment Income	89	71	109	105	98	93	87	86	83.1	78.3	85.3	71.2	72.5	65.9	56.6	29.4	15.6	-	1.9	1.4
Currency Exchange Gain (Loss)	6	-14	-16	-11	-19	-8	2	-8	-2.7	4.3	-6.5	5.1	-2.8	-2.2	-7.3	4.4	1.8	-	-1.7	-3.9
Other Non Operating Income (Expenses)	-536	-30	59	9	16	8	-4	5	0.5	-5.8	5.9	-6	-1	-3.6	2.1	-7.8	-8.6	1.9	-0.3	0.9
EBT Excluding Unusual Items	-257	-47	554	400	438	317	336	331	346.6	251.2	312.3	282.6	316.5	131	84.4	34.4	17.3	-52.5	-80.8	-91.2
Merger & Restructuring Charges	-8	-218	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal Settlements	-1	-1	-2	-1	-1	-2	-1	43	-27.6	-	-176.8	-	-	-	-	-	-	-	-	-
Other Unusual Items	-3	110	-3	13	155	-4	-10	-6	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-269	-156	549	412	592	311	325	368	319	251.2	135.5	282.6	316.5	131	84.4	34.4	17.3	-52.5	-80.8	-91.2
Income Tax Expense	13	21	117	78	338	49	58	17	-38.7	-27.6	-1,611	88.4	88.8	23.2	0.2	14.4	14	20.7	12.7	12.4
Net Income	-282	-177	432	334	254	262	267	351	357.7	278.8	1,747	194.2	227.7	107.8	84.2	20	3.3	-73.2	-93.5	-103.6
Net Income to Common	-282	-177	432	334	254	262	267	351	357.7	278.8	1,747	194.2	227.7	107.8	84.2	20	3.3	-73.2	-93.5	-103.6
Net Income Growth (YoY)	-	-	61.80%	-4.84%	-28.99%	-6.03%	-84.72%	80.74%	57.09%	158.63%	1974.70%	871.00%	6800.00%	-	-	-	-	-	-	-
Shares Outstanding (Basic)	817	801	704	679	709	665	659	654	649	646	639	620	614	608	605	600	673	593	589	586
Shares Outstanding (Diluted)	817	801	711	709	709	707	709	709	708	709	715	700	709	689	663	677	673	593	589	586
Shares Change (YoY)	15.23%	13.30%	0.28%	-	0.17%	-0.32%	-0.84%	1.34%	-0.17%	2.89%	7.81%	3.37%	5.41%	16.18%	12.60%	15.53%	15.33%	2.06%	2.36%	2.23%
EPS (Basic)	-0.35	-0.22	0.61	0.49	0.36	0.39	0.41	0.54	0.55	0.43	2.73	0.31	0.37	0.18	0.14	0.03	0.00	-0.12	-0.16	-0.18
EPS (Diluted)	-0.35	-0.22	0.61	0.47	0.36	0.37	0.38	0.49	0.50	0.39	2.44	0.28	0.32	0.15	0.13	0.03	0.00	-0.13	-0.16	-0.18
EPS Growth (YoY)	-	-	60.53%	-4.08%	-28.30%	-5.13%	-84.43%	75.00%	57.34%	151.61%	1852.00%	833.33%	6372.63%	-	-	-	-	-	-	-

Additional Metrics

Fiscal Quarter	Q4 2026	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
Period Ending	Jul 31, 2026	Apr 30, 2026	Jan 31, 2026	Oct 31, 2025	Jul 31, 2025	Apr 30, 2025	Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021
Free Cash Flow	1,254	788	384	1,687	934	560	509	1,466	465.3	491.5	654.8	1,489	376.9	400.9	656.3	1,197	484.5	351.2	401.9	554.3
Free Cash Flow Per Share	1.53	0.98	0.54	2.38	1.32	0.79	0.72	2.07	0.66	0.69	0.92	2.13	0.53	0.58	0.99	1.77	0.72	0.59	0.68	0.95
Gross Margin	67.57%	67.66%	73.59%	74.21%	73.23%	72.96%	73.46%	74.10%	73.80%	74.12%	74.73%	74.83%	74.05%	72.41%	71.83%	70.45%	68.25%	68.23%	69.22%	69.49%
Operating Margin	5.40%	-2.46%	15.50%	12.01%	13.53%	9.83%	11.16%	11.64%	12.15%	8.90%	11.67%	11.46%	12.98%	4.57%	2.41%	0.97%	0.99%	-3.43%	-5.61%	-6.63%
Profit Margin	-8.27%	-5.90%	16.65%	13.50%	10.02%	11.45%	11.83%	16.41%	16.34%	14.05%	88.45%	10.34%	11.66%	6.26%	5.09%	1.28%	0.21%	-5.28%	-7.10%	-8.30%
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%
EBITDA	421	260	493	386	344	313	339	333	317.53	251	299	279.5	304.18	151	109.8	85.9	25.5	23.8	-4.2	-13.7
EBITDA Margin	12.35%	8.66%	19.00%	15.60%	13.56%	13.67%	15.02%	15.57%	14.50%	12.65%	15.14%	14.88%	15.57%	8.77%	6.63%	5.49%	1.65%	1.72%	-0.32%	-1.10%
D&A For EBITDA	237	334	91	89	1	88	87	84	51.53	74.3	68.6	64.3	50.68	72.3	69.9	70.7	10.1	71.4	69.7	69
EBIT	184	-74	402	297	343	225	252	249	266	176.7	230.4	215.2	253.5	78.7	39.9	15.2	15.4	-47.6	-73.9	-82.7
EBIT Margin	5.40%	-2.46%	15.50%	12.01%	13.53%	9.83%	11.16%	11.64%	12.15%	8.90%	11.67%	11.46%	12.98%	4.57%	2.41%	0.97%	0.99%	-3.43%	-5.61%	-6.63%
Effective Tax Rate	-	-	21.31%	18.93%	57.09%	15.76%	17.85%	4.62%	-	-	-	31.28%	28.06%	17.71%	0.24%	41.86%	80.92%	-	-	-
Revenue as Reported	3,410	3,002	2,594	2,474	2,536	2,289	2,257	2,139	2,190	1,985	1,975	1,878	1,953	1,721	1,655	1,563	1,551	1,387	1,317	1,247

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 13, 2026

Data Sources Report a data error