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 | Q to Jul 2026 | Q to Apr 2026 | Q to Jan 2026 | Q to Oct 2025 | Q to Jul 2025 | Q to Apr 2025 | Q to Jan 2025 | Q to Oct 2024 | Q to Jul 2024 | Q to Apr 2024 | Q to Jan 2024 | Q to Oct 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,357 | 871 | 554 | 1,771 | 1,021 | 628 | 557 | 1,510 | 513 | 529 | 690 | 1,526 |
| Depreciation and amortization | 237 | 334 | 91.0 | 89.0 | 1.0 | 88.0 | 87.0 | 84.0 | -1.1 | 74.3 | 68.6 | 64.3 |
| Capital expenditure | -103 | -83.0 | -170 | -84.0 | -87.0 | -68.0 | -48.0 | -44.0 | -47.4 | -37.4 | -35.2 | -36.8 |
| Investing cash flow | -1,006 | -1,766 | 651 | -983 | -763 | -517 | -381 | -544 | -169 | 113 | -1,326 | -129 |
| Financing cash flow | -197 | -899 | -114 | 8.0 | -374 | 47.0 | -232 | -220 | -179 | -1,049 | -72.6 | -41.8 |
| Share repurchases | -1.0 | -1,016 | -108 | -1.0 | -1.0 | -5.0 | -156 | -22.0 | -3.9 | -503 | -3.8 | -82.2 |
| Debt issued | 0.0 | 10.0 | — | — | — | — | — | — | — | — | — | — |
| Debt repaid | -160 | 0.0 | 0.0 | 0.0 | -383 | -151 | -113 | -319 | -200 | -662 | -126 | -46.0 |
| Effect of exchange rates | -5.0 | 2.0 | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | 149 | -1,792 | 1,091 | 796 | -116 | 158 | -56.0 | 746 | 165 | -407 | -708 | 1,355 |
| Free cash flow | 1,254 | 788 | 384 | 1,687 | 934 | 560 | 509 | 1,466 | 465 | 492 | 655 | 1,489 |
| Levered free cash flow | 1,092 | 1,134 | 462 | 1,632 | 430 | 414 | 637 | 1,984 | 140 | 546 | 446 | 1,433 |