Palo Alto Networks revenue and financials
$419.91Change from previous close: +3.23%Absolute change: +$13.15
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%.
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.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 4,553 | 3,716 | 3,258 | 2,778 | 1,985 | 1,503 | 1,036 | 1,056 | 1,038 | 869 |
| Depreciation and amortization | 855 | 343 | 284 | 282 | 283 | 260 | 206 | 154 | 96.4 | 59.8 |
| Capital expenditure | -440 | -247 | -157 | -146 | -193 | -116 | -214 | -131 | -112 | -163 |
| Investing cash flow | -3,104 | -2,205 | -1,510 | -2,034 | -933 | -1,481 | 288 | -1,826 | -520 | -473 |
| Financing cash flow | -1,202 | -779 | -1,343 | -1,726 | -807 | -1,104 | 673 | -774 | 1,246 | -386 |
| Share repurchases | -1,000 | 0.0 | -567 | -273 | -892 | -1,178 | -1,198 | -330 | -259 | -411 |
| Debt issued | 10.0 | 0.0 | 0.0 | — | 0.0 | — | 1,979 | — | 1,682 | — |
| Debt repaid | -160 | -966 | -1,033 | -1,692 | -0.6 | -0.9 | — | -477 | — | — |
| Effect of exchange rates | -3.0 | 0.0 | 0.0 | — | — | — | — | — | — | — |
| Net change in cash | 244 | 732 | 405 | -983 | 245 | -1,082 | 1,997 | -1,544 | 1,764 | 10.2 |
| Free cash flow | 4,113 | 3,469 | 3,101 | 2,631 | 1,792 | — | — | — | — | — |
| Levered free cash flow | 4,241 | 3,465 | 2,437 | 2,107 | 1,374 | 1,722 | 983 | 1,210 | 824 | 640 |