Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
342.15
-6.51 (-1.87%)
At close: Jul 21, 2026, 4:00 PM EDT
341.85
-0.30 (-0.09%)
After-hours: Jul 21, 2026, 7:59 PM EDT
Palo Alto Networks Income Statement
Financials in millions USD. Fiscal year is August - July.
Millions USD. Fiscal year is Aug - Jul.
Fiscal Quarter | 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 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Apr '26 Apr 30, 2026 | Jan '26 Jan 31, 2026 | Oct '25 Oct 31, 2025 | Jul '25 Jul 31, 2025 | Apr '25 Apr 30, 2025 | Jan '25 Jan 31, 2025 | Oct '24 Oct 31, 2024 | Jul '24 Jul 31, 2024 | Apr '24 Apr 30, 2024 | Jan '24 Jan 31, 2024 | Oct '23 Oct 31, 2023 | Jul '23 Jul 31, 2023 | Apr '23 Apr 30, 2023 | Jan '23 Jan 31, 2023 | Oct '22 Oct 31, 2022 | Jul '22 Jul 31, 2022 | Apr '22 Apr 30, 2022 | Jan '22 Jan 31, 2022 | Oct '21 Oct 31, 2021 | Jul '21 Jul 31, 2021 |
| 3,002 | 2,594 | 2,474 | 2,537 | 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 | 1,219 | |
Revenue Growth (YoY) | 31.15% | 14.93% | 15.66% | 15.85% | 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% | 28.29% |
Cost of Revenue | 974 | 685 | 638 | 679.6 | 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 | 358.9 |
Gross Profit | 2,028 | 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 | 860.4 |
Selling, General & Admin | 1,477 | 1,001 | 999 | 855.9 | 957 | 912 | 818 | 882.6 | 837.3 | 974.5 | 780.6 | 778.6 | 753.7 | 744.9 | 714.5 | 679 | 638.4 | 626.5 | 610 | 595.5 |
Research & Development | 734 | 511 | 528 | 504.1 | 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 | 325.3 |
Total Operating Expenses | 2,211 | 1,512 | 1,527 | 1,360 | 1,451 | 1,417 | 1,299 | 1,377 | 1,295 | 1,422 | 1,190 | 1,193 | 1,167 | 1,149 | 1,086 | 1,043 | 993.8 | 985.5 | 949.5 | 920.8 |
Operating Income | -183 | 397 | 309 | 496.9 | 219 | 241 | 286 | 238.4 | 176.7 | 53.6 | 215.2 | 253.5 | 78.7 | 39.9 | 15.2 | 15.4 | -47.6 | -73.9 | -82.7 | -60.4 |
Interest Expense | - | - | - | -0.2 | -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 | -41.4 |
Other Non-Operating Income (Expense) | 27 | 152 | 103 | 94.8 | 93 | 85 | 83 | 80.9 | 76.8 | 84.7 | 70.3 | 68.7 | 60.1 | 51.4 | 26 | 8.8 | 1.9 | -0.1 | -1.6 | -0.5 |
Total Non-Operating Income (Expense) | 27 | 152 | 103 | 94.6 | 92 | 84 | 82 | 80.6 | 74.5 | 81.9 | 67.4 | 63 | 52.3 | 44.5 | 19.2 | 1.9 | -4.9 | -6.9 | -8.5 | -41.9 |
Pretax Income | -156 | 549 | 412 | 591.7 | 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 | -102.3 |
Provision for Income Taxes | 21 | 117 | 78 | 337.8 | 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 | 17 |
Net Income | -177 | 432 | 334 | 253.9 | 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 | -119.3 |
Net Income to Common | -177 | 432 | 334 | 253.9 | 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 | -119.3 |
Net Income Growth | - | 61.80% | -4.84% | -29.02% | -6.03% | -84.72% | 80.74% | 57.09% | 158.63% | 1974.70% | 871.00% | 6800.00% | - | - | - | - | - | - | - | - |
Shares Outstanding (Basic) | 801 | 704 | 679 | 669 | 665 | 659 | 654 | 649 | 646 | 639 | 620 | 614 | 608 | 605 | 600 | 597 | 593 | 589 | 586 | 583 |
Shares Outstanding (Diluted) | 801 | 711 | 709 | 709 | 707 | 709 | 709 | 708 | 709 | 715 | 698 | 709 | 689 | 663 | 661 | 672 | 593 | 589 | 586 | 583 |
Shares Change (YoY) | 13.30% | 0.28% | - | 0.17% | -0.32% | -0.84% | 1.63% | -0.17% | 2.89% | 7.81% | 5.57% | 5.44% | 16.18% | 12.60% | 12.80% | 15.29% | 2.06% | 2.36% | 2.23% | 1.25% |
EPS (Basic) | -0.22 | 0.61 | 0.49 | 0.38 | 0.39 | 0.41 | 0.54 | 0.55 | 0.43 | 2.73 | 0.32 | 0.37 | 0.17 | 0.14 | 0.04 | 0.01 | -0.13 | -0.16 | -0.17 | -0.20 |
EPS (Diluted) | -0.22 | 0.61 | 0.47 | 0.36 | 0.37 | 0.38 | 0.49 | 0.51 | 0.39 | 2.44 | 0.28 | 0.32 | 0.15 | 0.13 | 0.03 | 0.01 | -0.13 | -0.16 | -0.17 | -0.20 |
EPS Growth | - | 60.53% | -4.08% | -29.41% | -5.13% | -84.43% | 75.00% | 59.38% | 151.61% | 1852.00% | 833.33% | 6300.00% | - | - | - | - | - | - | - | - |
Free Cash Flow | 788 | 384 | 1,687 | 934.8 | 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 | 298.4 |
Free Cash Flow Growth | 40.71% | -24.56% | 15.07% | 100.90% | 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% | -1.16% |
Free Cash Flow Per Share | 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 | 1.81 | 0.72 | 0.59 | 0.68 | 0.95 | 0.51 |
Gross Margin | 67.55% | 73.59% | 74.21% | 73.21% | 72.96% | 73.46% | 74.10% | 73.80% | 74.12% | 74.73% | 74.83% | 74.05% | 72.41% | 71.83% | 70.46% | 68.25% | 68.23% | 69.22% | 69.49% | 70.57% |
Operating Margin | -6.10% | 15.30% | 12.49% | 19.59% | 9.57% | 10.68% | 13.37% | 10.89% | 8.90% | 2.71% | 11.46% | 12.98% | 4.57% | 2.41% | 0.97% | 0.99% | -3.43% | -5.61% | -6.63% | -4.95% |
Profit Margin | -5.90% | 16.65% | 13.50% | 10.01% | 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% | -8.31% | -9.78% |
FCF Margin | 26.25% | 14.80% | 68.19% | 36.85% | 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% | 24.47% |
EBITDA | 318 | 595 | 535 | 729.3 | 433 | 448 | 481 | 437.4 | 361.1 | 229.7 | 383.7 | 435.6 | 246.2 | 207 | 198.5 | 210.6 | 130.3 | 99.8 | 90.3 | 150.3 |
EBITDA Margin | 10.59% | 22.94% | 21.62% | 28.75% | 18.92% | 19.85% | 22.49% | 19.98% | 18.19% | 11.63% | 20.43% | 22.30% | 14.31% | 12.51% | 12.70% | 13.58% | 9.40% | 7.58% | 7.24% | 12.33% |
EBIT | -183 | 397 | 309 | 496.9 | 219 | 241 | 286 | 238.4 | 176.7 | 53.6 | 215.2 | 253.5 | 78.7 | 39.9 | 15.2 | 15.4 | -47.6 | -73.9 | -82.7 | -60.4 |
EBIT Margin | -6.10% | 15.30% | 12.49% | 19.59% | 9.57% | 10.68% | 13.37% | 10.89% | 8.90% | 2.71% | 11.46% | 12.98% | 4.57% | 2.41% | 0.97% | 0.99% | -3.43% | -5.61% | -6.63% | -4.95% |
Effective Tax Rate | -13.46% | 21.31% | 18.93% | 57.09% | 15.76% | 17.85% | 4.62% | -12.13% | -10.99% | -1189.23% | 31.28% | 28.06% | 17.71% | 0.24% | 41.86% | 80.92% | -39.43% | -15.72% | -13.60% | -16.62% |