Palo Alto Networks
$397.31Change from previous close: +2.29%Absolute change: +$8.90
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total revenue | 11,480 | 9,221 | 8,027 | 6,893 | 5,502 |
| Cost of revenue | 3,400 | 2,451 | 2,059 | 1,910 | 1,719 |
| Gross profit | 8,080 | 6,770 | 5,968 | 4,983 | 3,783 |
| Selling, general and administrative | 4,720 | 3,717 | 3,474 | 2,992 | 2,554 |
| Research and development | 2,551 | 1,984 | 1,810 | 1,604 | 1,418 |
| Operating income | 809 | 1,069 | 684 | 387 | -189 |
| EBIT | 809 | 1,069 | 684 | 387 | -189 |
| EBITDA | 1,560 | 1,329 | 890 | 590 | 31.4 |
| Interest expense | 0.0 | 3.0 | 8.0 | 27.2 | 27.4 |
| Pre-tax income | 536 | 1,596 | 988 | 566 | -207 |
| Income tax | 229 | 462 | -1,590 | 127 | 59.8 |
| Net income | 307 | 1,134 | 2,578 | 440 | -267 |
| Net income to common shareholders | 307 | 1,134 | 2,578 | 440 | -267 |
| Basic EPS | 0.41 | 1.71 | 4.04 | 0.73 | -0.45 |
| Diluted EPS | 0.40 | 1.60 | 3.64 | 0.64 | -0.45 |
| Average shares (basic) | 749 | 663 | 638 | 606 | 591 |
| Average shares (diluted) | 764 | 709 | 708 | 685 | 591 |