Palo Alto Networks Inc (PANW) Financial Statements
Industry: Computer Peripheral Equipment (Other)
In fiscal 2026, Palo Alto Networks reported revenue of $11.48B, up 24.5% from $9.22B the year before. Net income was $307.0M (a 2.7% net margin), or $0.40 per diluted share. Gross margin was 70.4% and operating margin was 6.1%. Operating activities generated $4.55B of cash, leaving $4.11B of free cash flow. At fiscal year end, Palo Alto Networks held $48.46B in total assets against $20.97B in total liabilities, including $2.51B of cash and equivalents.
Open the full interactive Palo Alto Networks financials → Quarterly statements, key ratios, valuation history and price charts.
Palo Alto Networks Key Stats
| Share Price | $397.03 |
|---|---|
| Market Cap | $303.33B |
| P/E Ratio | 992.6 |
| Revenue YoY Growth | +24.5% |
| 52-Week Range | $141.67 – $419.91 |
| Shares Outstanding | 749.0 million (basic, 2026 Q4) |
Palo Alto Networks Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $4.26B | $5.50B | $6.89B | $8.03B | $9.22B | $11.48B |
| Cost of Goods Sold | $1.27B | $1.72B | $1.91B | $2.06B | $2.45B | $3.40B |
| Gross Profit | $2.98B | $3.78B | $4.98B | $5.97B | $6.77B | $8.08B |
| Operating Income | -$304.1M | -$188.8M | $387.3M | $683.9M | $1.24B | $695.0M |
| Pre-Tax Income | -$465.0M | -$207.2M | $566.3M | $988.3M | $1.60B | $536.0M |
| Income Tax | $33.9M | $59.8M | $126.6M | -$1.59B | $461.8M | $229.0M |
| Net Income | -$498.9M | -$267.0M | $439.7M | $2.58B | $1.13B | $307.0M |
| Diluted EPS | -$0.86 | -$0.45 | $0.64 | $3.64 | $1.60 | $0.40 |
Palo Alto Networks Quarterly Results
| 2026 Q1 | 2026 Q2 | 2026 Q3 | 2026 Q4 | |
|---|---|---|---|---|
| Revenue | $2.47B | $2.59B | $3.00B | $3.41B |
| Net Income | $334.0M | $432.0M | -$177.0M | -$282.0M |
| Diluted EPS | $0.47 | $0.61 | -$0.22 | -$0.37 |
Palo Alto Networks Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.87B | $2.12B | $1.14B | $1.54B | $2.27B | $2.51B |
| Current Assets | $4.65B | $6.41B | $6.05B | $6.85B | $7.52B | $8.64B |
| Total Assets | $10.24B | $12.25B | $14.50B | $19.99B | $23.58B | $48.46B |
| Current Liabilities | $5.12B | $8.31B | $7.74B | $7.68B | $7.99B | $9.92B |
| Total Long-Term Debt | $3.23B | $3.68B | $1.99B | — | — | $1.77B |
| Total Liabilities | $9.61B | $12.04B | $12.75B | $14.82B | $15.75B | $20.97B |
| Shareholders' Equity | $634.5M | $210.0M | $1.75B | $5.17B | $7.82B | $27.49B |
Palo Alto Networks Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.50B | $1.98B | $2.78B | $3.26B | $3.72B | $4.55B |
| Cash From Investing | -$1.48B | -$933.4M | -$2.03B | -$1.51B | -$2.20B | -$3.10B |
| Cash From Financing | -$1.10B | -$806.6M | -$1.73B | -$1.34B | -$778.9M | -$1.20B |
| Free Cash Flow | $1.39B | $1.79B | $2.63B | $3.10B | $3.47B | $4.11B |
Figures from Palo Alto Networks' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Palo Alto Networks financials page for every line item.
Palo Alto Networks Company Profile
| Ticker | PANW |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Peripheral Equipment (Other) |
| Headquarters | Santa Clara, California |
| Incorporated in | Delaware |
| Fiscal Year End | July 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001327567 |
Frequently Asked Questions
What was Palo Alto Networks' revenue in fiscal 2026?
Palo Alto Networks (PANW) reported revenue of $11.48B for fiscal 2026.
What is Palo Alto Networks' annual revenue history?
Palo Alto Networks' annual revenue by fiscal year: 2021: $4.26B; 2022: $5.50B; 2023: $6.89B; 2024: $8.03B; 2025: $9.22B; 2026: $11.48B.
What was Palo Alto Networks' net income in fiscal 2026?
Palo Alto Networks reported net income of $307.0M for fiscal 2026.
What was Palo Alto Networks' earnings per share (EPS) in fiscal 2026?
Palo Alto Networks' diluted EPS was $0.40 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Palo Alto Networks generate in fiscal 2026?
Palo Alto Networks generated $4.11B of free cash flow in fiscal 2026.
What was Palo Alto Networks' revenue last quarter?
In its most recent reported quarter (2026 Q4), Palo Alto Networks reported revenue of $3.41B.
How much debt does Palo Alto Networks have?
Palo Alto Networks reported $1.77B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Palo Alto Networks are outstanding?
Palo Alto Networks reported a weighted average of 749.0 million basic shares outstanding in 2026 Q4.
What is Palo Alto Networks' market cap?
Based on its latest closing price, Palo Alto Networks (PANW) has a market capitalization of about $303.33B.
When does Palo Alto Networks' fiscal year end?
Palo Alto Networks' fiscal year end, as registered with the SEC, is July 31.
Where is Palo Alto Networks headquartered?
Palo Alto Networks lists its business address in Santa Clara, California in its SEC filings.
Palo Alto Networks Competitors & Similar Companies
See all 14 Computer Peripheral Equipment (Other) companies →