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Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
418.78
+20.28 (5.09%)
At close: Oct 9, 2026, 4:00 PM EDT
418.85
+0.07 (0.02%)
After-hours: Oct 9, 2026, 7:59 PM EDT

Palo Alto Networks Income Statement

Millions USD. Fiscal year is Aug - Jul.
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
Revenue
11,48010,6079,8949,5579,2218,8758,5708,2888,0277,7917,5277,2076,8936,4906,1565,8185,5025,1704,8584,558
Revenue Growth (YoY)
24.50%19.52%15.44%15.30%14.88%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%
Cost of Revenue
3,4002,9742,6222,5362,4512,3462,2402,1402,0591,9921,9541,9211,9101,8951,8611,8001,7191,5851,4751,378
Gross Profit
8,0807,6337,2727,0216,7706,5296,3306,1485,9685,7995,5745,2874,9834,5954,2954,0183,7833,5853,3823,180
Selling, General & Admin
4,7204,3893,9683,8733,7173,5623,4483,3453,4743,1943,1113,0582,9922,8922,7772,6582,5542,4702,3752,280
Research & Development
2,5512,2762,0372,0311,9841,9751,9381,8811,8101,7291,6861,6421,6041,5531,4951,4501,4181,3791,3351,243
Operating Expenses
7,2716,6656,0055,9045,7015,5375,3865,2265,2844,9234,7964,7004,5964,4464,2724,1083,9723,8503,7103,522
Operating Income
809967.81,2671,1171,069992943.7922.1684875.8777.8587.3387.3149.222.9-90.9-188.8-264.6-327.4-342.3
Interest Expense
---1-2-3-3.3-4.6-6.4-8-13.7-19.2-23.3-27.2-28.4-27.4-27.3-27.4-61.9-96.1-130
Interest & Investment Income
374382.5404.5382.5364349.1334.4332.7318307.3294.9266.2224.4167.598.343.615.68.511.89.9
Currency Exchange Gain (Loss)
-35-59.8-53.8-35.8-33-16.7-4.4-12.9-0.1-6.4-7.2-7.9-3.34.510.11.8-5.4-11-9.3
Other Non Operating Income (Expenses)
-49854.192.129.1259.5-4.35.6-6-6.9-4.7-8.5-10.3-17.9-14.7-17.1-8.4-3.4-2-2.2
EBT Excluding Unusual Items
6501,3451,7091,4911,4221,3311,2651,2419881,1631,042814.5566.3267.183.6-81.6-207.2-326.8-424.7-473.9
Merger & Restructuring Charges
-226-218------------------
Legal Settlements
-5-5.2-6.2-5.23912.414.4-161.4--176.8-176.8---------
Other Unusual Items
117275.3161.3154.3135-20-16-6------------
Pretax Income
5361,3971,8641,6401,5961,3231,2631,074988985.8865.6814.5566.3267.183.6-81.6-207.2-326.8-424.7-473.9
Income Tax Expense
229553.8581.8522.846285.38.7-1,661-1,590-1,462-1,411200.6126.651.849.361.859.862.836.836.4
Net Income
307842.91,2821,1171,1341,2381,2552,7342,5782,4482,277613.9439.7215.334.3-143.4-267-389.6-461.5-510.3
Net Income to Common
307842.91,2821,1171,1341,2381,2552,7342,5782,4482,277613.9439.7215.334.3-143.4-267-389.6-461.5-510.3
Net Income Growth (YoY)
-72.93%-31.90%2.18%-59.15%-56.01%-49.43%-44.90%345.41%486.31%1036.83%6537.32%---------
Shares Outstanding (Basic)
749715682669663657652647638630620612606602599595591588585582
Shares Outstanding (Diluted)
764736711709709708709710708708703690685656633595591588585582
Shares Change (YoY)
7.76%4.01%0.36%-0.13%0.14%-0.08%0.78%2.89%3.43%7.95%11.19%16.09%15.78%11.62%8.12%2.24%2.25%2.00%1.56%0.32%
EPS (Basic)
0.411.181.881.671.711.891.924.234.043.893.671.000.730.360.06-0.24-0.45-0.66-0.79-0.88
EPS (Diluted)
0.401.151.801.581.601.741.773.843.643.463.230.890.640.330.05-0.24-0.45-0.66-0.79-0.88
EPS Growth (YoY)
-75.00%-34.06%1.65%-58.87%-56.04%-49.66%-45.17%332.06%468.75%939.97%5808.52%---------

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
Free Cash Flow
4,1133,7943,5663,6913,4693,0002,9323,0783,1013,0122,9222,9232,6312,7392,6892,4351,7921,6061,5061,436
Free Cash Flow Per Share
5.385.155.015.204.894.244.144.334.384.254.164.243.844.174.254.093.032.732.572.47
Gross Margin
70.38%71.96%73.50%73.47%73.42%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%
Operating Margin
7.05%9.13%12.80%11.69%11.59%11.18%11.01%11.13%8.52%11.24%10.33%8.15%5.62%2.30%0.37%-1.56%-3.43%-5.12%-6.74%-7.51%
Profit Margin
2.67%7.95%12.96%11.69%12.30%13.95%14.64%32.99%32.12%31.41%30.24%8.52%6.38%3.32%0.56%-2.46%-4.85%-7.54%-9.50%-11.20%
Free Cash Flow Margin
35.83%35.77%36.04%38.62%37.62%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%
EBITDA
1,5601,4841,5371,3831,3291,2501,1881,1488901,073972.8783.6590372.224513131.4-33.5-99-118.7
EBITDA Margin
13.59%13.99%15.53%14.47%14.41%14.08%13.86%13.85%11.09%13.77%12.92%10.87%8.56%5.73%3.98%2.25%0.57%-0.65%-2.04%-2.60%
D&A For EBITDA
751515.7269.7265.7260257.9244.2225.8206197195196.3202.7223222.1221.9220.2231.1228.4223.6
EBIT
809967.81,2671,1171,069992943.7922.1684875.8777.8587.3387.3149.222.9-90.9-188.8-264.6-327.4-342.3
EBIT Margin
7.05%9.13%12.80%11.69%11.59%11.18%11.01%11.13%8.52%11.24%10.33%8.15%5.62%2.30%0.37%-1.56%-3.43%-5.12%-6.74%-7.51%
Effective Tax Rate
42.72%39.65%31.22%31.88%28.95%6.45%0.69%----24.63%22.36%19.39%58.97%-----
Revenue as Reported
11,48010,6079,8949,5579,2218,8758,5708,2888,0277,7917,5277,2076,8936,4906,1565,8185,5025,1704,8584,558
SEC Filings: 10-K · 10-Q