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Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
339.90
-11.00 (-3.13%)
At close: Aug 25, 2026, 4:00 PM EDT
338.01
-1.89 (-0.56%)
Pre-market: Aug 26, 2026, 7:20 AM EDT

Palo Alto Networks Income Statement

Millions USD. Fiscal year is Aug - Jul.
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
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 Jul '21
Revenue
10,6079,8949,5579,2228,8758,5708,2888,0287,7917,5277,2076,8936,4906,1565,8185,5025,1704,8584,5584,256
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
2,9742,6222,5362,4522,3462,2402,1402,0591,9921,9541,9211,9101,8951,8611,8001,7191,5851,4751,3781,275
Gross Profit
7,6337,2727,0216,7706,5296,3306,1485,9685,7995,5745,2874,9834,5954,2954,0183,7833,5853,3823,1802,981
Selling, General & Admin
4,3893,9683,8733,7173,5623,4483,3453,2713,1943,1113,0582,9922,8922,7772,6582,5542,4702,3752,2802,145
Research & Development
2,2762,0372,0311,9841,9751,9381,8811,8091,7291,6861,6421,6041,5531,4951,4501,4181,3791,3351,2431,140
Operating Expenses
6,6656,0055,9045,7015,5375,3865,2265,0804,9234,7964,7004,5964,4464,2724,1083,9723,8503,7103,5223,285
Operating Income
967.81,2671,1171,069992943.7922.1888.3875.8777.8587.3387.3149.222.9-90.9-188.8-264.6-327.4-342.3-304.1
Interest Expense
--1-2-3-3.3-4.6-6.4-8.3-13.7-19.2-23.3-27.2-28.4-27.4-27.3-27.4-61.9-96.1-130-163.3
Interest & Investment Income
382.5404.5382.5363.5349.1334.4332.7317.9307.3294.9266.2224.4167.598.343.615.68.511.89.98.5
Currency Exchange Gain (Loss)
-59.8-53.8-35.8-32.8-16.7-4.4-12.90.20.1-6.4-7.2-7.9-3.34.510.11.8-5.4-11-9.3-5.4
Other Non Operating Income (Expenses)
54.192.129.125.19.5-4.35.6-5.4-6.9-4.7-8.5-10.3-17.9-14.7-17.1-8.4-3.4-2-2.2-0.7
EBT Excluding Unusual Items
1,3451,7091,4911,4221,3311,2651,2411,1931,1631,042814.5566.3267.183.6-81.6-207.2-326.8-424.7-473.9-465
Merger & Restructuring Charges
-218-------------------
Legal Settlements
-5.2-6.2-5.238.812.414.4-161.4-204.4-176.8-176.8----------
Other Unusual Items
275.3161.3154.3135.3-20-16-6-------------
Pretax Income
1,3971,8641,6401,5961,3231,2631,074988.3985.8865.6814.5566.3267.183.6-81.6-207.2-326.8-424.7-473.9-465
Income Tax Expense
553.8581.8522.8461.885.38.7-1,661-1,589-1,462-1,411200.6126.651.849.361.859.862.836.836.433.9
Net Income
842.91,2821,1171,1341,2381,2552,7342,5782,4482,277613.9439.7215.334.3-143.4-267-389.6-461.5-510.3-498.9
Net Income to Common
842.91,2821,1171,1341,2381,2552,7342,5782,4482,277613.9439.7215.334.3-143.4-267-389.6-461.5-510.3-498.9
Net Income Growth (YoY)
-31.90%2.18%-59.15%-56.01%-49.43%-44.90%345.41%486.22%1036.83%6537.32%----------
Shares Outstanding (Basic)
715682669663657652647639630620612606602599595591588585582578
Shares Outstanding (Diluted)
736711709709708709710708708703690685656633595591588585582578
Shares Change (YoY)
4.01%0.36%-0.13%0.20%-0.08%0.78%2.89%3.42%7.95%11.19%16.09%15.78%11.62%8.12%2.24%2.25%2.00%1.56%0.32%-0.55%
EPS (Basic)
1.181.881.671.711.891.924.234.043.893.671.000.730.360.06-0.24-0.45-0.66-0.79-0.88-0.86
EPS (Diluted)
1.151.801.581.601.741.773.843.643.463.230.890.640.330.05-0.24-0.45-0.66-0.79-0.88-0.86
EPS Growth (YoY)
-34.06%1.65%-58.87%-56.04%-49.66%-45.17%332.06%468.75%939.97%5808.52%----------

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
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 Jul '21
Free Cash Flow
3,7943,5663,6913,4703,0002,9323,0783,1013,0122,9222,9232,6312,7392,6892,4351,7921,6061,5061,4361,387
Free Cash Flow Per Share
5.155.015.204.894.244.144.334.384.254.164.243.844.174.254.093.032.732.572.472.40
Gross Margin
71.96%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
9.13%12.80%11.69%11.59%11.18%11.01%11.13%11.07%11.24%10.33%8.15%5.62%2.30%0.37%-1.56%-3.43%-5.12%-6.74%-7.51%-7.14%
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%
Free Cash Flow 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%43.69%41.85%32.57%31.06%30.99%31.51%32.59%
EBITDA
1,4841,5371,3831,3301,2501,1881,1481,0941,073972.8783.6590372.224513131.4-33.5-99-118.7-91.5
EBITDA Margin
13.99%15.53%14.47%14.42%14.08%13.86%13.85%13.63%13.77%12.92%10.87%8.56%5.73%3.98%2.25%0.57%-0.65%-2.04%-2.60%-2.15%
D&A For EBITDA
515.7269.7265.7260.7257.9244.2225.8206.1197195196.3202.7223222.1221.9220.2231.1228.4223.6212.6
EBIT
967.81,2671,1171,069992943.7922.1888.3875.8777.8587.3387.3149.222.9-90.9-188.8-264.6-327.4-342.3-304.1
EBIT Margin
9.13%12.80%11.69%11.59%11.18%11.01%11.13%11.07%11.24%10.33%8.15%5.62%2.30%0.37%-1.56%-3.43%-5.12%-6.74%-7.51%-7.14%
Effective Tax Rate
39.65%31.22%31.88%28.94%6.45%0.69%----24.63%22.36%19.39%58.97%------
Revenue as Reported
10,6079,8949,5579,2228,8758,5708,2888,0287,7917,5277,2076,8936,4906,1565,8185,5025,1704,8584,5584,256
SEC Filings: 10-K · 10-Q