Palo Alto Networks revenue and financials

PANW · NASDAQ · USD

$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. $1.76B2017
  2. $2.27B2018
  3. $2.9B2019
  4. $3.41B2020
  5. $4.26B2021
  6. $5.5B2022
  7. $6.89B2023
  8. $8.03B2024
  9. $9.22B2025
  10. $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.

ItemQ to Jul 2026Q to Apr 2026Q to Jan 2026Q to Oct 2025Q to Jul 2025Q to Apr 2025Q to Jan 2025Q to Oct 2024Q to Jul 2024Q to Apr 2024Q to Jan 2024Q to Oct 2023
Total revenue3,4103,0022,5942,4742,5362,2892,2572,1392,1901,9851,9751,878
Cost of revenue1,106971685638679619599554574514499473
Gross profit2,3042,0311,9091,8361,8571,6701,6581,5851,6161,4711,4761,405
Selling, general and administrative1,3411,3729961,0111,010951901855855837798781
Research and development779733511528504494505481495457448410
Operating income184-74.0402297343225252249266177230215
EBIT184-74.0402297343225252249266177230215
EBITDA421260493386344313339333318251299280
Interest expense0.00.0—0.00.01.01.01.00.32.32.82.9
Pre-tax income-269-156549412592311325368319251136283
Income tax13.021.011778.033849.058.017.0-38.7-27.6-1,61188.4
Net income-282-1774323342542622673513582791,747194
Net income to common shareholders-282-1774323342542622673513582791,747194
Basic EPS-0.35-0.220.610.490.360.390.410.540.550.432.730.31
Diluted EPS-0.35-0.220.610.470.360.370.380.490.500.392.440.28
Average shares (basic)817801704679709665659654649646639620
Average shares (diluted)817801711709709707709709708709715700