Palo Alto Networks (PANW) financials
Palo Alto Networks revenue and earnings by year
Palo Alto Networks's revenue was $11.5 billion in the fiscal year to July 31, 2026, up 24.5% from the year before. Net income was $307 million, 2.7% of revenue. Since the fiscal year to July 31, 2017, revenue has grown 23.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.5 | 9.2 | 8.0 | 6.9 | 5.5 | 4.3 | 3.4 | 2.9 | 2.3 | 1.8 |
| Revenue growth | 24.5% | 14.9% | 16.5% | 25.3% | 29.3% | 24.9% | 17.5% | 27.5% | 29.5% | — |
| Gross profit | 8.1 | 6.8 | 6.0 | 5.0 | 3.8 | 3.0 | 2.4 | 2.1 | 1.6 | 1.3 |
| Gross margin | 70.4% | 73.4% | 74.3% | 72.3% | 68.8% | 70.0% | 70.7% | 72.1% | 71.6% | 72.9% |
| Operating income | 0.7 | 1.2 | 0.7 | 0.4 | -0.2 | -0.3 | -0.2 | -0.1 | -0.1 | -0.2 |
| Operating margin | 6.1% | 13.5% | 8.5% | 5.6% | -3.4% | -7.1% | -5.3% | -1.9% | -4.6% | -9.4% |
| Net income | 0.3 | 1.1 | 2.6 | 0.4 | -0.3 | -0.5 | -0.3 | -0.1 | -0.1 | -0.2 |
| Net margin | 2.7% | 12.3% | 32.1% | 6.4% | -4.9% | -11.7% | -7.8% | -2.8% | -5.4% | -11.6% |
| Diluted EPS | $0.40 | $1.60 | $3.64 | $0.64 | -$0.45 | -$0.86 | -$0.46 | -$0.14 | -$0.23 | -$0.37 |
| Free cash flow | 4.1 | 3.5 | 3.1 | 2.6 | 1.8 | 1.4 | 0.8 | 0.9 | 0.9 | 0.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PANW in Markets.
See also: PANW valuation and P/E history · PANW returns
No forecast, no recommendation. This page describes Palo Alto Networks from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.