Palo Alto Networks Inc (PANW)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Oct-312025-Jul-312025-Apr-302025-Jan-312024-Oct-312024-Jul-312024-Apr-302024-Jan-312023-Oct-312023-Jul-312023-Apr-302023-Jan-312022-Oct-312022-Jul-312022-Apr-302022-Jan-312021-Oct-312021-Jul-312021-Apr-302021-Jan-312020-Oct-312020-Jul-312020-Apr-302020-Jan-312019-Oct-312019-Jul-312019-Apr-302019-Jan-312018-Oct-312018-Jul-312018-Apr-302018-Jan-312017-Oct-312017-Jul-312017-Apr-302017-Jan-312016-Oct-312016-Jul-312016-Apr-302016-Jan-312015-Oct-312015-Jul-312015-Apr-302015-Jan-312014-Oct-312014-Jul-312014-Apr-302014-Jan-31
Fiscal PeriodQ1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014
Total Revenue2,474,000,000$2,536,300,000$2,289,000,000$2,257,400,000$2,139,000,000$2,189,500,000$1,984,800,000$1,975,100,000$1,878,100,000$1,953,300,000$1,720,900,000$1,655,100,000$1,563,400,000$1,550,500,000$1,386,700,000$1,316,900,000$1,247,400,000$1,219,300,000$1,073,900,000$1,016,900,000$946,000,000$950,400,000$869,400,000$816,700,000$771,900,000$805,800,000$726,600,000$711,200,000$656,000,000$658,500,000$567,700,000$545,600,000$505,500,000$509,100,000$431,800,000$422,600,000$398,100,000$400,800,000$345,800,000$334,700,000$297,200,000$283,900,000$234,200,000$217,700,000$192,300,000$178,231,000$150,700,000$141,068,000$
QoQ%(2.46%)10.80%1.40%5.54%(2.31%)10.31%.49%5.17%(3.85%)13.51%3.98%5.87%.83%11.81%5.30%5.57%2.31%13.54%5.61%7.50%(.46%)9.32%6.45%5.80%(4.21%)10.90%2.17%8.42%(.38%)15.99%4.05%7.93%(.71%)17.90%2.18%6.15%(.67%)15.91%3.32%12.62%4.69%21.22%7.58%13.21%7.89%18.27%6.83%10.06%
YoY%15.66%15.84%15.33%14.29%13.89%12.09%15.34%19.33%20.13%25.98%24.10%25.68%25.33%27.16%29.13%29.50%31.86%28.29%23.52%24.51%22.56%17.95%19.65%14.83%17.67%22.37%27.99%30.35%29.77%29.35%31.47%29.11%26.98%27.02%24.87%26.26%33.95%41.18%47.65%53.74%54.55%59.29%55.41%54.32%50.02%58.59%48.78%46.19%
Cost Of Revenue638,000,000$679,000,000$619,300,000$599,200,000$554,000,000$573,700,000$513,600,000$499,100,000$472,800,000$506,800,000$474,800,000$466,200,000$461,900,000$492,300,000$440,500,000$405,300,000$380,600,000$358,900,000$330,600,000$307,600,000$277,800,000$290,400,000$258,300,000$233,100,000$217,700,000$217,400,000$204,900,000$202,600,000$183,500,000$184,700,000$159,900,000$159,400,000$141,300,000$138,500,000$123,700,000$113,200,000$101,200,000$101,700,000$94,900,000$94,200,000$79,200,000$74,300,000$64,400,000$59,400,000$53,400,000$48,607,000$39,710,000$37,504,000$
Gross Profit1,836,000,000$1,857,300,000$1,669,700,000$1,658,200,000$1,585,000,000$1,615,800,000$1,471,200,000$1,476,000,000$1,405,300,000$1,446,500,000$1,246,100,000$1,188,900,000$1,101,500,000$1,058,200,000$946,200,000$911,600,000$866,800,000$860,400,000$743,300,000$709,300,000$668,200,000$660,000,000$611,100,000$583,600,000$554,200,000$588,400,000$521,700,000$508,600,000$472,500,000$474,000,000$407,800,000$386,200,000$360,500,000$370,600,000$308,100,000$309,400,000$296,900,000$299,100,000$250,900,000$240,500,000$218,000,000$209,600,000$169,800,000$158,300,000$138,900,000$129,624,000$110,990,000$103,564,000$
Gross Margin74.21%73.23%72.95%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%69.22%69.75%70.63%69.44%70.29%71.46%71.80%73.02%71.80%71.51%72.03%71.98%71.83%70.78%71.32%72.80%71.35%73.21%74.58%74.63%72.56%71.86%73.35%73.83%72.50%72.72%72.23%72.73%73.65%73.41%
Operating Expenses1,527,000,000$1,360,100,000$1,450,900,000$1,417,800,000$1,299,000,000$1,377,400,000$1,294,500,000$1,422,400,000$1,190,100,000$1,193,000,000$1,167,400,000$1,149,000,000$1,086,300,000$1,042,800,000$993,800,000$985,500,000$949,500,000$920,800,000$853,700,000$798,100,000$712,700,000$677,800,000$667,600,000$636,500,000$606,000,000$598,300,000$540,400,000$502,000,000$504,600,000$456,900,000$453,100,000$408,700,000$414,000,000$397,900,000$357,200,000$363,800,000$345,900,000$321,800,000$303,400,000$290,600,000$250,000,000$244,100,000$206,500,000$196,800,000$162,700,000$155,072,000$256,722,000$140,720,000$
Operating Income309,000,000$497,200,000$218,800,000$240,400,000$286,000,000$238,400,000$176,700,000$53,600,000$215,200,000$253,500,000$78,700,000$39,900,000$15,200,000$15,400,000$(47,600,000$)(73,900,000$)(82,700,000$)(60,400,000$)(110,400,000$)(88,800,000$)(44,500,000$)(17,800,000$)(56,500,000$)(52,900,000$)(51,800,000$)(9,900,000$)(18,700,000$)6,600,000$(32,100,000$)17,100,000$(45,300,000$)(22,500,000$)(53,500,000$)(27,300,000$)(49,100,000$)(54,400,000$)(49,000,000$)(22,700,000$)(52,500,000$)(50,100,000$)(32,000,000$)(34,500,000$)(36,700,000$)(38,500,000$)(23,800,000$)(25,448,000$)(145,732,000$)(37,156,000$)
Operating Margin12.49%19.60%9.56%10.65%13.37%10.89%8.90%2.71%11.46%12.98%4.57%2.41%.97%.99%(3.43%)(5.61%)(6.63%)(4.95%)(10.28%)(8.73%)(4.70%)(1.87%)(6.50%)(6.48%)(6.71%)(1.23%)(2.57%).93%(4.89%)2.60%(7.98%)(4.12%)(10.58%)(5.36%)(11.37%)(12.87%)(12.31%)(5.66%)(15.18%)(14.97%)(10.77%)(12.15%)(15.67%)(17.69%)(12.38%)(14.28%)(96.70%)(26.34%)
Interest Income272,000$187,000$
Interest Expenses300,000$2,300,000$2,800,000$2,900,000$5,700,000$7,800,000$6,900,000$6,800,000$6,900,000$6,800,000$6,800,000$6,900,000$41,400,000$41,000,000$40,700,000$40,200,000$31,400,000$19,400,000$19,000,000$18,900,000$20,000,000$20,600,000$20,600,000$22,700,000$10,400,000$6,500,000$6,400,000$6,300,000$6,200,000$6,200,000$6,100,000$6,000,000$6,000,000$5,800,000$5,800,000$5,800,000$5,600,000$5,700,000$5,500,000$5,500,000$1,848,000$13,000$14,000$
Income Before Tax412,000,000$591,800,000$310,500,000$324,800,000$368,000,000$319,000,000$251,200,000$135,500,000$282,600,000$316,500,000$131,000,000$84,400,000$34,400,000$17,300,000$(52,500,000$)(80,800,000$)(91,200,000$)(102,300,000$)(150,400,000$)(130,000,000$)(82,300,000$)(48,400,000$)(67,800,000$)(61,100,000$)(54,500,000$)(13,700,000$)(21,100,000$)2,000,000$(41,800,000$)16,900,000$(43,200,000$)(24,000,000$)(55,000,000$)(30,600,000$)(53,200,000$)(57,800,000$)(52,500,000$)(26,000,000$)(57,300,000$)(53,400,000$)(35,600,000$)(40,600,000$)(42,400,000$)(43,700,000$)(28,900,000$)(32,891,000$)(145,315,000$)(37,340,000$)
Tax Expenses78,000,000$338,000,000$48,400,000$57,500,000$17,000,000$(38,700,000$)(27,600,000$)(1,611,400,000$)88,400,000$88,800,000$23,200,000$200,000$14,400,000$14,000,000$20,700,000$12,700,000$12,400,000$17,000,000$(5,300,000$)12,300,000$9,900,000$10,500,000$7,000,000$12,600,000$5,100,000$7,100,000$(900,000$)4,600,000$(3,500,000$)9,900,000$(2,800,000$)1,600,000$8,200,000$7,600,000$7,700,000$2,800,000$4,400,000$5,400,000$6,800,000$3,900,000$4,300,000$5,400,000$3,500,000$(700,000$)1,200,000$(833,000$)1,272,000$2,606,000$
Net Income334,000,000$253,800,000$262,100,000$267,300,000$351,000,000$357,700,000$278,800,000$1,746,900,000$194,200,000$227,700,000$107,800,000$84,200,000$20,000,000$3,300,000$(73,200,000$)(93,500,000$)(103,600,000$)(119,300,000$)(145,100,000$)(142,300,000$)(92,200,000$)(58,900,000$)(74,800,000$)(73,700,000$)(59,600,000$)(20,800,000$)(20,200,000$)(2,600,000$)(38,300,000$)7,000,000$(40,400,000$)(25,600,000$)(63,200,000$)(38,200,000$)(60,900,000$)(60,600,000$)(56,900,000$)(31,400,000$)(64,100,000$)(57,300,000$)(39,900,000$)(46,000,000$)(45,900,000$)(43,000,000$)(30,100,000$)(32,058,000$)(146,587,000$)(39,946,000$)
Profit Margin13.50%10.01%11.45%11.84%16.41%16.34%14.05%88.45%10.34%11.66%6.26%5.09%1.28%.21%(5.28%)(7.10%)(8.31%)(9.78%)(13.51%)(13.99%)(9.75%)(6.20%)(8.60%)(9.02%)(7.72%)(2.58%)(2.78%)(.37%)(5.84%)1.06%(7.12%)(4.69%)(12.50%)(7.50%)(14.10%)(14.34%)(14.29%)(7.83%)(18.54%)(17.12%)(13.43%)(16.20%)(19.60%)(19.75%)(15.65%)(17.99%)(97.27%)(28.32%)
TTM11.69%12.30%13.95%14.64%32.99%32.11%31.42%30.24%8.52%6.38%3.32%.56%(2.47%)(4.85%)(7.54%)(9.50%)(11.20%)(11.72%)(11.00%)(9.73%)(8.36%)(7.83%)(7.01%)(5.59%)(3.42%)(2.83%)(1.97%)(2.87%)(4.01%)(5.37%)(7.87%)(9.43%)(11.93%)(12.30%)(12.69%)(13.59%)(14.18%)(13.98%)(16.43%)(16.44%)(16.92%)(17.78%)(18.37%)(34.07%)(37.55%)(37.86%)(39.49%)(14.69%)
Earnings to Minority
Earnings to Common Shareholders334,000,000$253,800,000$262,100,000$267,300,000$351,000,000$357,700,000$278,800,000$1,746,900,000$194,200,000$227,700,000$107,800,000$84,200,000$20,000,000$3,300,000$(73,200,000$)(93,500,000$)(103,600,000$)(119,300,000$)(145,100,000$)(142,300,000$)(92,200,000$)(58,900,000$)(74,800,000$)(73,700,000$)(59,600,000$)(20,800,000$)(20,200,000$)(2,600,000$)(38,300,000$)7,000,000$(40,400,000$)(25,600,000$)(63,200,000$)(38,200,000$)(60,900,000$)(60,600,000$)(56,900,000$)(31,400,000$)(64,100,000$)(57,300,000$)(39,900,000$)(46,000,000$)(45,900,000$)(43,000,000$)(30,100,000$)(32,058,000$)(146,587,000$)(39,946,000$)
QoQ%31.60%(3.17%)(1.95%)(23.85%)(1.87%)28.30%(84.04%)799.54%(14.71%)111.22%28.03%321.00%506.06%104.51%21.71%9.75%13.16%17.78%(1.97%)(54.34%)(56.54%)21.26%(1.49%)(23.66%)(186.54%)(2.97%)(676.92%)93.21%(647.14%)117.33%(57.81%)59.49%(65.45%)37.27%(.50%)(6.50%)(81.21%)51.01%(11.87%)(43.61%)13.26%(.22%)(6.74%)(42.86%)6.11%78.13%(266.96%)(408.15%)
YoY%(4.84%)(29.05%)(5.99%)(84.70%)80.74%57.09%158.63%1,974.70%871.00%6,800.00%247.27%190.05%119.31%102.77%49.55%34.29%(12.36%)(102.55%)(93.98%)(93.08%)(54.70%)(183.17%)(270.30%)(2,734.62%)(55.61%)(397.14%)50.00%89.84%39.40%118.33%33.66%57.76%(11.07%)(21.66%)4.99%(5.76%)(42.61%)31.74%(39.65%)(33.26%)(32.56%)(43.49%)68.69%(7.65%)(282.90%)(102.44%)(1,913.01%)(1,428.74%)
Earnings Per Share, Basic0.49$0.38$0.39$0.41$0.54$0.37$0.43$2.73$0.63$0.15$0.35$0.28$0.07$0.01$(0.25$)(0.32$)(0.35$)(0.14$)(1.50$)(1.48$)(0.97$)(0.61$)(0.77$)(0.75$)(0.62$)(0.22$)(0.21$)(0.03$)(0.41$)0.08$(0.44$)(0.28$)(0.70$)(0.42$)(0.67$)(0.67$)(0.63$)(0.35$)(0.73$)(0.66$)(0.47$)(0.55$)(0.56$)(0.53$)(0.38$)(0.41$)(1.96$)(0.55$)
Earnings Per Share, Diluted0.47$0.36$0.37$0.38$0.50$0.34$0.39$2.44$0.56$0.13$0.31$0.25$0.06$0.01$(0.25$)(0.32$)(0.35$)(0.14$)(1.50$)(1.48$)(0.97$)(0.61$)(0.77$)(0.75$)(0.62$)(0.22$)(0.21$)(0.03$)(0.41$)0.08$(0.44$)(0.28$)(0.70$)(0.42$)(0.67$)(0.67$)(0.63$)(0.35$)(0.73$)(0.66$)(0.47$)(0.55$)(0.56$)(0.53$)(0.38$)(0.41$)(1.96$)(0.55$)
Unlevered FCF Per Share, Basic2.61$1.52$0.95$0.84$2.31$0.53$0.82$1.08$4.92$0.27$1.42$2.30$4.13$1.76$1.31$1.64$2.01$0.38$2.87$3.80$5.60$3.48$1.76$3.12$2.33$2.42$3.14$2.93$2.69$2.99$2.63$2.68$3.01$2.64$2.32$2.36$2.27$2.11$1.94$1.78$1.72$1.36$1.06$0.95$0.94$(0.34$)0.46$0.57$
Unlevered FCF Per Share, Diluted2.50$1.43$0.89$0.79$2.13$0.48$0.75$0.97$4.36$0.24$1.25$2.09$3.65$1.76$1.31$1.64$2.01$0.38$2.87$3.80$5.60$3.48$1.76$3.12$2.33$2.42$3.14$2.93$2.69$2.99$2.63$2.68$3.01$2.64$2.32$2.36$2.27$2.11$1.94$1.78$1.72$1.36$1.06$0.95$0.94$(0.34$)0.46$0.57$
Average Shares, Basic679,000,000671,600,000665,100,000659,300,000654,000,000958,800,000645,800,000639,300,000310,100,0001,519,600,000303,900,000302,300,000299,800,000298,300,000296,700,000294,500,000292,900,000868,100,00096,900,00095,900,00095,500,00096,000,00096,700,00098,300,00096,600,00095,800,00094,400,00094,000,00093,800,00092,900,00091,900,00091,100,00090,900,00090,900,00091,000,00090,700,00089,800,00088,900,00087,800,00086,600,00085,100,00083,900,00082,300,00080,800,00079,400,00077,698,00074,967,00072,854,000
Average Shares, Diluted709,000,000711,800,000707,400,000709,000,000709,000,0001,057,500,000709,300,000715,000,000349,800,0001,723,300,000344,700,000331,600,000338,400,000298,300,000296,700,000294,500,000292,900,000868,100,00096,900,00095,900,00095,500,00096,000,00096,700,00098,300,00096,600,00095,800,00094,400,00094,000,00093,800,00092,900,00091,900,00091,100,00090,900,00090,900,00091,000,00090,700,00089,800,00088,900,00087,800,00086,600,00085,100,00083,900,00082,300,00080,800,00079,400,00077,698,00074,967,00072,854,000
EBIT412,000,000$591,800,000$310,500,000$324,800,000$368,000,000$319,300,000$253,500,000$138,300,000$285,500,000$322,200,000$138,800,000$91,300,000$41,200,000$24,200,000$(45,700,000$)(74,000,000$)(84,300,000$)(60,900,000$)(109,400,000$)(89,300,000$)(42,100,000$)(17,000,000$)(48,400,000$)(42,100,000$)(35,600,000$)6,300,000$(500,000$)22,600,000$(19,100,000$)27,300,000$(36,700,000$)(17,600,000$)(48,700,000$)(24,400,000$)(47,000,000$)(51,700,000$)(46,500,000$)(20,000,000$)(51,500,000$)(47,600,000$)(29,800,000$)(35,000,000$)(36,700,000$)(38,200,000$)(23,400,000$)(31,043,000$)(145,302,000$)(37,326,000$)
EBITDA501,000,000$675,600,000$398,600,000$412,400,000$452,000,000$395,400,000$327,800,000$206,900,000$349,800,000$391,500,000$211,100,000$161,200,000$111,900,000$96,700,000$25,700,000$(4,300,000$)(15,300,000$)7,900,000$(40,700,000$)(24,400,000$)15,900,000$43,500,000$4,800,000$6,300,000$8,400,000$48,500,000$39,800,000$61,400,000$13,400,000$55,700,000$(12,100,000$)4,500,000$(27,400,000$)(7,700,000$)(31,900,000$)(37,300,000$)(32,900,000$)(7,900,000$)(40,300,000$)(37,300,000$)(20,600,000$)(26,400,000$)(29,300,000$)(31,400,000$)(17,300,000$)(23,281,000$)(140,746,000$)(33,390,000$)