Palo Alto Networks revenue and financials

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$419.91+3.23%+$13.15

Close · October 6, 2026

In the fiscal year ended July 2026, Palo Alto Networks reported revenue of $11.48B (+24.50% year over year). Net income was $307M, a net margin of 2.7%.

Annual revenue · 2026: $11.48B

$1.76B2017
$2.27B2018
$2.9B2019
$3.41B2020
$4.26B2021
$5.5B2022
$6.89B2023
$8.03B2024
$9.22B2025
$11.48B2026

Fiscal year ending in July. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +24.50%; FY to Jul 2026 vs FY to Jul 2025
Net income growth: −72.93%; FY to Jul 2026 vs FY to Jul 2025
Net margin: 2.7%; FY to Jul 2025: 12.3%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	FY to Jul 2026	FY to Jul 2025	FY to Jul 2024	FY to Jul 2023	FY to Jul 2022	FY to Jul 2021	FY to Jul 2020	FY to Jul 2019	FY to Jul 2018	FY to Jul 2017
Total assets	48,460	23,576	19,991	14,501	12,254	10,242	9,065	6,592	5,823	3,438
Current assets	8,643	7,523	6,850	6,048	6,415	4,647	5,129	3,665	4,132	1,976
Cash and equivalents	2,514	2,269	1,535	1,135	2,119	1,874	2,958	961	2,507	744
Short-term investments	557	635	1,044	1,255	1,516	1,027	790	1,842	897	631
Receivables	4,221	3,680	3,345	2,852	2,254	1,319	1,037	582	467	432
Net property, plant and equipment	1,223	734	747	618	600	581	607	296	273	211
Goodwill	22,010	4,567	3,350	2,927	2,748	2,710	1,813	1,352	523	239
Other intangible assets	7,283	930	504	448	515	613	448	326	164	53.7
Long-term investments	4,835	5,555	4,173	3,048	1,052	888	554	575	548	789
Current liabilities	9,923	7,988	7,683	7,738	8,306	5,117	2,692	2,053	2,139	1,201
Accounts payable	290	232	116	132	128	56.9	63.6	73.3	49.4	35.5
Long-term debt	1,774	—	—	1,992	3,677	3,226	3,084	1,430	1,920	525
Total debt	2,567	338	1,344	2,271	3,953	3,539	3,421	1,430	1,920	525
Total liabilities	20,968	15,752	14,821	12,753	12,044	9,478	7,964	5,006	4,789	2,679
Total equity (incl. minority)	27,492	7,824	5,170	1,748	210	635	1,102	1,586	1,160	760
Retained earnings	2,791	2,484	1,350	-1,227	-1,667	-1,667	-1,168	-901	-791	-837