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Palo Alto Networks

NASDAQ: PANW · USD

Palo Alto Networks financials

6 charts

Revenue

USD millions

$3,410M
Palo Alto Networks Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2013 Q1$85.934M; Change unavailable vs FY 2012 Q4
FY 2013 Q2$96.499M; +12.3% vs FY 2013 Q1
FY 2013 Q3$101.289M; +5.0% vs FY 2013 Q2
FY 2013 Q4$112.385M; +11.0% vs FY 2013 Q3
FY 2014 Q1$128.18M; +14.1% vs FY 2013 Q4
FY 2014 Q2$141.068M; +10.1% vs FY 2014 Q1
FY 2014 Q3$150.7M; +6.8% vs FY 2014 Q2
FY 2014 Q4$178.231M; +18.3% vs FY 2014 Q3
FY 2015 Q1$192.346M; +7.9% vs FY 2014 Q4
FY 2015 Q2$217.655M; +13.2% vs FY 2015 Q1
FY 2015 Q3$234.172M; +7.6% vs FY 2015 Q2
FY 2015 Q4$283.879M; +21.2% vs FY 2015 Q3
FY 2016 Q1$297.2M; +4.7% vs FY 2015 Q4
FY 2016 Q2$334.7M; +12.6% vs FY 2016 Q1
FY 2016 Q3$345.8M; +3.3% vs FY 2016 Q2
FY 2016 Q4$400.8M; +15.9% vs FY 2016 Q3
FY 2017 Q1$398.1M; −0.7% vs FY 2016 Q4
FY 2017 Q2$422.6M; +6.2% vs FY 2017 Q1
FY 2017 Q3$431.8M; +2.2% vs FY 2017 Q2
FY 2017 Q4$509.1M; +17.9% vs FY 2017 Q3
FY 2018 Q1$505.5M; −0.7% vs FY 2017 Q4
FY 2018 Q2$542.4M; +7.3% vs FY 2018 Q1
FY 2018 Q3$567.1M; +4.6% vs FY 2018 Q2
FY 2018 Q4$658.1M; +16.0% vs FY 2018 Q3
FY 2019 Q1$656M; −0.3% vs FY 2018 Q4
FY 2019 Q2$711.2M; +8.4% vs FY 2019 Q1
FY 2019 Q3$726.6M; +2.2% vs FY 2019 Q2
FY 2019 Q4$805.8M; +10.9% vs FY 2019 Q3
FY 2020 Q1$771.9M; −4.2% vs FY 2019 Q4
FY 2020 Q2$816.7M; +5.8% vs FY 2020 Q1
FY 2020 Q3$869.4M; +6.5% vs FY 2020 Q2
FY 2020 Q4$950.4M; +9.3% vs FY 2020 Q3
FY 2021 Q1$946M; −0.5% vs FY 2020 Q4
FY 2021 Q2$1,016.9M; +7.5% vs FY 2021 Q1
FY 2021 Q3$1,073.9M; +5.6% vs FY 2021 Q2
FY 2021 Q4$1,219.3M; +13.5% vs FY 2021 Q3
FY 2022 Q1$1,247.4M; +2.3% vs FY 2021 Q4
FY 2022 Q2$1,316.9M; +5.6% vs FY 2022 Q1
FY 2022 Q3$1,386.7M; +5.3% vs FY 2022 Q2
FY 2022 Q4$1,550.5M; +11.8% vs FY 2022 Q3
FY 2023 Q1$1,563.4M; +0.8% vs FY 2022 Q4
FY 2023 Q2$1,655.1M; +5.9% vs FY 2023 Q1
FY 2023 Q3$1,720.9M; +4.0% vs FY 2023 Q2
FY 2023 Q4$1,953.3M; +13.5% vs FY 2023 Q3
FY 2024 Q1$1,878.1M; −3.8% vs FY 2023 Q4
FY 2024 Q2$1,975.1M; +5.2% vs FY 2024 Q1
FY 2024 Q3$1,984.8M; +0.5% vs FY 2024 Q2
FY 2024 Q4$2,189.5M; +10.3% vs FY 2024 Q3
FY 2025 Q1$2,138.8M; −2.3% vs FY 2024 Q4
FY 2025 Q2$2,257.4M; +5.5% vs FY 2025 Q1
FY 2025 Q3$2,289M; +1.4% vs FY 2025 Q2
FY 2025 Q4$2,536.3M; +10.8% vs FY 2025 Q3
FY 2026 Q1$2,474M; −2.5% vs FY 2025 Q4
FY 2026 Q2$2,594M; +4.9% vs FY 2026 Q1
FY 2026 Q3$3,002M; +15.7% vs FY 2026 Q2
FY 2026 Q4$3,410M; +13.6% vs FY 2026 Q3
Oct 31, 2012 through Sep 25, 2026

Free cash flow

USD millions

$1,254M
Palo Alto Networks Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2013 Q1$19.061M; Change unavailable vs FY 2012 Q4
FY 2013 Q2$28.286M; +48.4% vs FY 2013 Q1
FY 2013 Q3$8.847M; −68.7% vs FY 2013 Q2
FY 2013 Q4$35.883M; +305.6% vs FY 2013 Q3
FY 2014 Q1$23.201M; −35.3% vs FY 2013 Q4
FY 2014 Q2$31.593M; +36.2% vs FY 2014 Q1
FY 2014 Q3$28.383M; −10.2% vs FY 2014 Q2
FY 2014 Q4$-30.878M; −208.8% vs FY 2014 Q3
FY 2015 Q1$68.993M; +323.4% vs FY 2014 Q4
FY 2015 Q2$70.726M; +2.5% vs FY 2015 Q1
FY 2015 Q3$77.398M; +9.4% vs FY 2015 Q2
FY 2015 Q4$99.359M; +28.4% vs FY 2015 Q3
FY 2016 Q1$127.2M; +28.0% vs FY 2015 Q4
FY 2016 Q2$136.4M; +7.2% vs FY 2016 Q1
FY 2016 Q3$150.8M; +10.6% vs FY 2016 Q2
FY 2016 Q4$171.2M; +13.5% vs FY 2016 Q3
FY 2017 Q1$182.4M; +6.5% vs FY 2016 Q4
FY 2017 Q2$169.8M; −6.9% vs FY 2017 Q1
FY 2017 Q3$162.6M; −4.2% vs FY 2017 Q2
FY 2017 Q4$190.3M; +17.0% vs FY 2017 Q3
FY 2018 Q1$241.9M; +27.1% vs FY 2017 Q4
FY 2018 Q2$218.1M; −9.8% vs FY 2018 Q1
FY 2018 Q3$212.5M; −2.6% vs FY 2018 Q2
FY 2018 Q4$252.5M; +18.8% vs FY 2018 Q3
FY 2019 Q1$218M; −13.7% vs FY 2018 Q4
FY 2019 Q2$251.9M; +15.6% vs FY 2019 Q1
FY 2019 Q3$276.1M; +9.6% vs FY 2019 Q2
FY 2019 Q4$178.4M; −35.4% vs FY 2019 Q3
FY 2020 Q1$178M; −0.2% vs FY 2019 Q4
FY 2020 Q2$257.8M; +44.8% vs FY 2020 Q1
FY 2020 Q3$83.6M; −67.6% vs FY 2020 Q2
FY 2020 Q4$301.9M; +261.1% vs FY 2020 Q3
FY 2021 Q1$505.3M; +67.4% vs FY 2020 Q4
FY 2021 Q2$332.4M; −34.2% vs FY 2021 Q1
FY 2021 Q3$250.9M; −24.5% vs FY 2021 Q2
FY 2021 Q4$298.4M; +18.9% vs FY 2021 Q3
FY 2022 Q1$554.3M; +85.8% vs FY 2021 Q4
FY 2022 Q2$401.9M; −27.5% vs FY 2022 Q1
FY 2022 Q3$389.5M; −3.1% vs FY 2022 Q2
FY 2022 Q4$484.5M; +24.4% vs FY 2022 Q3
FY 2023 Q1$1,197.1M; +147.1% vs FY 2022 Q4
FY 2023 Q2$656.3M; −45.2% vs FY 2023 Q1
FY 2023 Q3$400.9M; −38.9% vs FY 2023 Q2
FY 2023 Q4$376.9M; −6.0% vs FY 2023 Q3
FY 2024 Q1$1,489.2M; +295.1% vs FY 2023 Q4
FY 2024 Q2$654.8M; −56.0% vs FY 2024 Q1
FY 2024 Q3$491.5M; −24.9% vs FY 2024 Q2
FY 2024 Q4$465.3M; −5.3% vs FY 2024 Q3
FY 2025 Q1$1,465.5M; +215.0% vs FY 2024 Q4
FY 2025 Q2$509.4M; −65.2% vs FY 2025 Q1
FY 2025 Q3$560.4M; +10.0% vs FY 2025 Q2
FY 2025 Q4$934.5M; +66.8% vs FY 2025 Q3
FY 2026 Q1$1,687M; +80.5% vs FY 2025 Q4
FY 2026 Q2$384M; −77.2% vs FY 2026 Q1
FY 2026 Q3$788M; +105.2% vs FY 2026 Q2
FY 2026 Q4$1,254M; +59.1% vs FY 2026 Q3

Net margin

%

-8.27%
Palo Alto Networks Net margin. Reported fiscal history.
Fiscal period%
FY 2013 Q1-4.09%
FY 2013 Q2-2.71%
FY 2013 Q3-7.19%
FY 2013 Q4-14.09%
FY 2014 Q1-6.13%
FY 2014 Q2-28.32%
FY 2014 Q3-97.27%
FY 2014 Q4-17.99%
FY 2015 Q1-15.63%
FY 2015 Q2-19.76%
FY 2015 Q3-19.62%
FY 2015 Q4-16.19%
FY 2016 Q1-13.02%
FY 2016 Q2-18.67%
FY 2016 Q3-20.3%
FY 2016 Q4-13.6%
FY 2017 Q1-15.52%
FY 2017 Q2-14.34%
FY 2017 Q3-14.1%
FY 2017 Q4-7.5%
FY 2018 Q1-12.66%
FY 2018 Q2-6.43%
FY 2018 Q3-8.23%
FY 2018 Q4-0.35%
FY 2019 Q1-5.84%
FY 2019 Q2-0.37%
FY 2019 Q3-2.78%
FY 2019 Q4-2.58%
FY 2020 Q1-7.72%
FY 2020 Q2-9.02%
FY 2020 Q3-8.6%
FY 2020 Q4-6.2%
FY 2021 Q1-9.75%
FY 2021 Q2-13.99%
FY 2021 Q3-13.51%
FY 2021 Q4-9.78%
FY 2022 Q1-8.31%
FY 2022 Q2-7.1%
FY 2022 Q3-5.28%
FY 2022 Q40.21%
FY 2023 Q11.28%
FY 2023 Q25.09%
FY 2023 Q36.26%
FY 2023 Q411.66%
FY 2024 Q110.34%
FY 2024 Q288.45%
FY 2024 Q314.05%
FY 2024 Q416.34%
FY 2025 Q116.4%
FY 2025 Q211.84%
FY 2025 Q311.45%
FY 2025 Q410.01%
FY 2026 Q113.5%
FY 2026 Q216.65%
FY 2026 Q3-5.9%
FY 2026 Q4-8.27%

P/E

× · TTM · Daily

1,005.02×
Palo Alto Networks P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2021-09-30—2021-07-31
2021-10-29—2021-07-31
2021-11-30—2021-07-31
2021-12-31—2021-07-31
2022-01-31—2021-07-31
2022-02-28—2021-07-31
2022-03-31—2021-07-31
2022-04-29—2021-07-31
2022-05-31—2022-04-30
2022-06-30—2022-04-30
2022-07-29—2022-04-30
2022-08-31—2022-04-30
2022-09-30—2022-07-31
2022-10-31—2022-07-31
2022-11-30—2022-10-31
2022-12-30—2022-10-31
2023-01-31—2022-10-31
2023-02-281,821.09×2023-01-31
2023-03-311,931.01×2023-01-31
2023-04-281,763.96×2023-01-31
2023-05-31341.64×2023-04-30
2023-06-30409.08×2023-04-30
2023-07-31400.19×2023-04-30
2023-08-31389.53×2023-04-30
2023-09-29189.15×2023-07-31
2023-10-31196.08×2023-07-31
2023-11-30168.14×2023-10-31
2023-12-29168.02×2023-10-31
2024-01-31192.88×2023-10-31
2024-02-2948.77×2024-01-31
2024-03-2844.62×2024-01-31
2024-04-3045.68×2024-01-31
2024-05-3142.73×2024-04-30
2024-06-2849.11×2024-04-30
2024-07-3147.05×2024-04-30
2024-08-3052.55×2024-04-30
2024-09-3046.94×2024-07-31
2024-10-3149.49×2024-07-31
2024-11-2950.28×2024-10-31
2024-12-3147.19×2024-10-31
2025-01-3147.82×2024-10-31
2025-02-28107.62×2025-01-31
2025-03-3196.44×2025-01-31
2025-04-30105.65×2025-01-31
2025-05-30109.97×2025-04-30
2025-06-30116.95×2025-04-30
2025-07-3199.21×2025-04-30
2025-08-29108.88×2025-04-30
2025-09-30127.75×2025-07-31
2025-10-31138.17×2025-07-31
2025-11-28120.66×2025-10-31
2025-12-31116.9×2025-10-31
2026-01-30112.31×2025-10-31
2026-02-2782.6×2026-01-31
2026-03-3188.92×2026-01-31
2026-04-3099.46×2026-01-31
2026-05-29156.24×2026-01-31
2026-06-30324.11×2026-04-30
2026-07-31315.37×2026-04-30
2026-08-31363.18×2026-04-30
2026-09-251,005.02×2026-07-31

ROIC

% · Annual / TTM

—
Palo Alto Networks ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2013 Q1—
FY 2013 Q2—
FY 2013 Q3—
FY 2013 Q4—
FY 2014 Q1—
FY 2014 Q2—
FY 2014 Q3—
FY 2014 Q4—
FY 2015 Q1—
FY 2015 Q2—
FY 2015 Q3—
FY 2015 Q4—
FY 2016 Q1—
FY 2016 Q2—
FY 2016 Q3—
FY 2016 Q4—
FY 2017 Q1—
FY 2017 Q2—
FY 2017 Q3—
FY 2017 Q4—
FY 2018 Q1—
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q4—
FY 2019 Q1—
FY 2019 Q2—
FY 2019 Q3—
FY 2019 Q4—
FY 2020 Q1—
FY 2020 Q2—
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q4—
FY 2022 Q1—
FY 2022 Q2—
FY 2022 Q3—
FY 2022 Q4—
FY 2023 Q1—
FY 2023 Q20.38%
FY 2023 Q35.33%
FY 2023 Q413.75%
FY 2024 Q1—
FY 2024 Q2—
FY 2024 Q3—
FY 2024 Q4—
FY 2025 Q1—
FY 2025 Q2—
FY 2025 Q3—
FY 2025 Q4—
FY 2026 Q1—
FY 2026 Q2—
FY 2026 Q3—
FY 2026 Q4—

Capital allocation

% of tracked cash uses

$363M
Palo Alto Networks capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2013 Q199.41% · $4.015MUnavailable0.59% · $0.024MUnavailableUnavailable100% · $4.039M
FY 2013 Q299.82% · $6.221MUnavailable0.18% · $0.011MUnavailableUnavailable100% · $6.232M
FY 2013 Q399.44% · $6.359M0% · $0M0.56% · $0.036MUnavailableUnavailable100% · $6.395M
FY 2013 Q499.88% · $5.847M0% · $0M0.12% · $0.007MUnavailableUnavailable100% · $5.854M
FY 2014 Q199.95% · $15.68MUnavailable0.05% · $0.008MUnavailableUnavailable100% · $15.688M
FY 2014 Q298.98% · $9.803MUnavailable1.02% · $0.101MUnavailableUnavailable100% · $9.904M
FY 2014 Q37.23% · $5.896M92.74% · $75.624M0.03% · $0.023MUnavailableUnavailable100% · $81.543M
FY 2014 Q4100% · $4.728M0% · $0M0% · $0MUnavailableUnavailable100% · $4.728M
FY 2015 Q1100% · $5.935MUnavailable0% · $0MUnavailableUnavailable100% · $5.935M
FY 2015 Q2100% · $6.1MUnavailable0% · $0MUnavailableUnavailable100% · $6.1M
FY 2015 Q3100% · $9.827M0% · $0M0% · $0MUnavailableUnavailable100% · $9.827M
FY 2015 Q444.16% · $11.966M55.84% · $15.128M0% · $0MUnavailableUnavailable100% · $27.094M
FY 2016 Q1100% · $19.5MUnavailable0% · $0MUnavailableUnavailable100% · $19.5M
FY 2016 Q2100% · $17.4MUnavailable0% · $0MUnavailableUnavailable100% · $17.4M
FY 2016 Q3100% · $19.3MUnavailable0% · $0MUnavailableUnavailable100% · $19.3M
FY 2016 Q4100% · $16.3M0% · $0M0% · $0MUnavailableUnavailable100% · $16.3M
FY 2017 Q129.48% · $20.9MUnavailable70.52% · $50MUnavailableUnavailable100% · $70.9M
FY 2017 Q227.12% · $44.7MUnavailable72.88% · $120.1MUnavailableUnavailable100% · $164.8M
FY 2017 Q328% · $48.6MUnavailable72% · $125MUnavailableUnavailable100% · $173.6M
FY 2017 Q429.8% · $49.2M0% · $0M70.2% · $115.9MUnavailableUnavailable100% · $165.1M
FY 2018 Q119.36% · $32.2M0% · $0M80.64% · $134.1MUnavailableUnavailable100% · $166.3M
FY 2018 Q217% · $25.6M0% · $0M83% · $125MUnavailableUnavailable100% · $150.6M
FY 2018 Q37.22% · $28.8M92.78% · $370.1M0% · $0MUnavailableUnavailable100% · $398.9M
FY 2018 Q486.39% · $25.4M13.61% · $4M0% · $0MUnavailableUnavailable100% · $29.4M
FY 2019 Q118.14% · $34.3M81.86% · $154.8M0% · $0MUnavailableUnavailable100% · $189.1M
FY 2019 Q26.65% · $23.5M0.03% · $0.1M93.33% · $330MUnavailableUnavailable100% · $353.6M
FY 2019 Q38.18% · $20.3M91.82% · $227.9M0% · $0MUnavailableUnavailable100% · $248.2M
FY 2019 Q411.96% · $53.1M88.04% · $390.9M0% · $0MUnavailableUnavailable100% · $444M
FY 2020 Q115.14% · $47.2M21.3% · $66.4M63.55% · $198.1MUnavailableUnavailable100% · $311.7M
FY 2020 Q227.52% · $49.1M72.48% · $129.3M0% · $0MUnavailableUnavailable100% · $178.4M
FY 2020 Q35.85% · $86.3M26.31% · $387.8M67.84% · $1,000MUnavailableUnavailable100% · $1,474.1M
FY 2020 Q4100% · $31.8M0% · $0M0% · $0MUnavailableUnavailable100% · $31.8M
FY 2021 Q13.92% · $29.6M29.83% · $225.1M66.25% · $500MUnavailableUnavailable100% · $754.7M
FY 2021 Q27.34% · $32.1M92.66% · $405.4M0% · $0MUnavailableUnavailable100% · $437.5M
FY 2021 Q35.14% · $26.9M28.03% · $146.8M66.83% · $350MUnavailableUnavailable100% · $523.7M
FY 2021 Q47.71% · $27.4M0% · $0M92.29% · $328.1MUnavailableUnavailable100% · $355.5M
FY 2022 Q166.54% · $34.6M33.46% · $17.4M0% · $0MUnavailableUnavailable100% · $52M
FY 2022 Q212.8% · $80.7M0% · $0M87.2% · $550MUnavailableUnavailable100% · $630.7M
FY 2022 Q3UnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FY 2022 Q49.77% · $39.2M4.89% · $19.6M85.34% · $342.3MUnavailableUnavailable100% · $401.1M
FY 2023 Q163.56% · $39.6M0% · $0M36.44% · $22.7MUnavailable0% · $0M100% · $62.3M
FY 2023 Q28.08% · $38.3M39.16% · $185.6M52.75% · $250MUnavailable0% · $0M100% · $473.9M
FY 2023 Q362.28% · $31.2M37.72% · $18.9M0% · $0MUnavailable0% · $0M100% · $50.1M
FY 2023 Q42.15% · $37.2M0% · $0M0% · $0MUnavailable97.85% · $1,692M100% · $1,729.2M
FY 2024 Q124.62% · $36.8M0% · $0M44.62% · $66.7MUnavailable30.77% · $46M100% · $149.5M
FY 2024 Q24.56% · $35.2M79.08% · $610.6M0% · $0MUnavailable16.36% · $126.3M100% · $772.1M
FY 2024 Q33.12% · $37.4M0% · $0M41.69% · $500MUnavailable55.19% · $661.8M100% · $1,199.2M
FY 2024 Q419.19% · $47.4M0% · $0M0% · $0MUnavailable80.81% · $199.6M100% · $247M
FY 2025 Q15.11% · $44.1M57.93% · $500M0% · $0MUnavailable36.96% · $319M100% · $863.1M
FY 2025 Q229.71% · $47.5MUnavailable0% · $0MUnavailable70.29% · $112.4M100% · $159.9M
FY 2025 Q331.16% · $68.3M0% · $0M0% · $0MUnavailable68.84% · $150.9M100% · $219.2M
FY 2025 Q48.42% · $86.3M54.16% · $554.9M0% · $0MUnavailable37.41% · $383.3M100% · $1,024.5M
FY 2026 Q197.67% · $84M2.33% · $2MUnavailableUnavailable0% · $0M100% · $86M
FY 2026 Q26.19% · $170M93.81% · $2,576MUnavailableUnavailable0% · $0M100% · $2,746M
FY 2026 Q34.01% · $83M95.99% · $1,985MUnavailableUnavailable0% · $0M100% · $2,068M
FY 2026 Q428.37% · $103M27.55% · $100M0% · $0MUnavailable44.08% · $160M100% · $363M

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Palo Alto Networks.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources