Skip to main content
logo
Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
333.26
+1.32 (0.40%)
At close: Sep 4, 2026, 4:00 PM EDT
333.57
+0.31 (0.09%)
After-hours: Sep 4, 2026, 7:59 PM EDT

Palo Alto Networks Operating Metrics

Period EndingJun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017
Billings
10.21B9.90B9.83B9.48B9.16B8.66B8.20B7.80B
Billings Growth
11.48%14.42%19.89%21.55%22.08%29.20%32.26%34.48%

Revenue by Segment

Period EndingJun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018
Subscription
9.20B8.49B7.92B7.67B7.42B7.17B6.92B6.67B
Subscription Growth
24.00%18.48%14.37%15.02%15.49%16.31%17.35%18.77%
Product
2.28B2.12B1.97B1.88B1.80B1.71B1.65B1.62B
Product Growth
26.53%23.85%19.91%16.47%12.39%4.80%1.20%1.67%

Gross Profit by Segment

Period EndingJun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018
Subscription
6.37B6.08B5.80B5.63B5.44B5.20B5.04B4.88B
Subscription Growth
16.94%16.95%15.04%15.39%15.49%15.17%16.99%19.75%
Product
1.71B1.61B1.54B1.46B1.39B1.33B1.29B1.27B
Product Growth
23.00%21.49%19.33%14.79%10.90%3.46%1.89%4.64%

Operating Expense Breakdown

Period EndingJun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018
Sales and Marketing
3.93B3.63B3.26B3.20B3.10B3.01B2.94B2.85B
Sales and Marketing Growth
26.80%20.58%11.07%12.12%10.94%10.93%11.47%10.22%
Research and Development
2.55B2.28B2.04B2.03B1.98B1.98B1.94B1.88B
Research and Development Growth
28.62%15.24%5.10%8.05%9.66%14.25%14.99%14.53%
General and Administrative
899.00M700.30M548.20M524.00M442.70M555.70M510.40M658.10M
General and Administrative Growth
103.07%26.02%7.41%-20.38%-34.94%-15.13%-21.53%40.53%