Palo Alto Networks Inc
PANW- Exchange
- Nasdaq
- Industry
- Computer Peripheral Equipment, NEC
- SEC CIK
- 0001327567
In the last 90 days, Palo Alto Networks Inc insiders filed 0 open-market purchases and 11 sales; 2,938 institutions reported holding it in 13F filings for Q2 2026, worth $227.2B in total; superinvestors Duquesne Family Office and Maverick Capital hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 12:49 PM ET
Revenue flow, FY2026
Where the revenue went in FY2026, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Sep 1, 2026 | Aug 18, 2025 | Aug 19, 2024 | Aug 18, 2023 | Aug 22, 2022 |
| Revenue | $11.5B | $9.22B | $8.03B | $6.89B | $5.50B |
| Cost of revenue | $3.40B | $2.45B | $2.06B | $1.91B | $1.72B |
| Gross profit | $8.08B | $6.77B | $5.97B | $4.98B | $3.78B |
| Operating expenses | $7.38B | $5.53B | $5.28B | $4.60B | $3.97B |
| Research and development | $2.55B | $1.98B | $1.81B | $1.60B | $1.42B |
| Selling, general and administrative | $899.0M | $442.7M | $680.5M | $447.7M | $405.0M |
| Operating income | $695.0M | $1.24B | $683.9M | $387.3M | -$188.8M |
| Interest expense | – | $3.00M | $8.30M | $27.2M | $27.4M |
| Income tax | $229.0M | $461.8M | -$1.59B | $126.6M | $59.8M |
| Net income | $307.0M | $1.13B | $2.58B | $439.7M | -$267.0M |
| EPS, basic | $0.41 | $1.71 | $8.07 | $1.45 | $-2.71 |
| EPS, diluted | $0.40 | $1.60 | $7.28 | $1.28 | $-2.71 |
| Weighted shares, basic | 749.0M | 662.5M | 319.2M | 303.2M | 98.5M |
| Weighted shares, diluted | 764.0M | 709.3M | 354.0M | 342.3M | 98.5M |
| Margins and growth | |||||
| Gross margin | 70.4% | 73.4% | 74.3% | 72.3% | 68.8% |
| Operating margin | 6.1% | 13.5% | 8.5% | 5.6% | -3.4% |
| Net margin | 2.7% | 12.3% | 32.1% | 6.4% | -4.9% |
| Revenue growth, year over year | +24.5% | +14.9% | +16.5% | +25.3% | +29.3% |
| Net income growth, year over year | −72.9% | −56.0% | +486.2% | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Sep 1, 2026 | Aug 18, 2025 | Aug 19, 2024 | Aug 18, 2023 | Aug 22, 2022 |
| Cash and equivalents | $2.51B | $2.27B | $1.54B | $1.14B | $2.12B |
| Short-term investments | $557.0M | $634.6M | $1.04B | $1.25B | $1.52B |
| Accounts receivable | $3.63B | $2.96B | $2.62B | $2.46B | $2.14B |
| Inventory | $117.0M | $113.4M | – | – | – |
| Total current assets | $8.64B | $7.52B | $6.85B | $6.05B | $6.41B |
| Property, plant and equipment | $523.0M | $387.3M | $361.1M | $354.5M | $357.8M |
| Goodwill | $22.0B | $4.57B | $3.35B | $2.93B | $2.75B |
| Intangible assets | $7.02B | $762.7M | $374.9M | $315.4M | $384.5M |
| Total assets | $48.5B | $23.6B | $20.0B | $14.5B | $12.3B |
| Accounts payable | $290.0M | $232.2M | $116.3M | $132.3M | $128.0M |
| Total current liabilities | $9.92B | $7.99B | $7.68B | $7.74B | $8.31B |
| Long-term debt | – | – | – | $1.99B | $3.68B |
| Total liabilities | $21.0B | $15.8B | $14.8B | $12.8B | $12.0B |
| Shareholders' equity | $27.5B | $7.82B | $5.17B | $1.75B | $210.0M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Period end | Jul 31, 2026 | Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Sep 1, 2026 | Aug 18, 2025 | Aug 19, 2024 | Aug 18, 2023 | Aug 22, 2022 |
| Operating cash flow | $4.55B | $3.72B | $3.26B | $2.78B | $1.98B |
| Capital expenditures | $440.0M | $246.2M | $156.8M | $146.3M | $192.8M |
| Free cash flow | $4.11B | $3.47B | $3.10B | $2.63B | $1.79B |
| Depreciation and amortization | $855.0M | $343.4M | $283.3M | $282.2M | $282.6M |
| Stock-based compensation | $1.77B | $1.30B | $1.08B | $1.07B | $1.01B |
| Share buybacks | $1.00B | $0 | $566.7M | $272.7M | $892.3M |
| Investing cash flow | -$3.10B | -$2.20B | -$1.51B | -$2.03B | -$933.4M |
| Financing cash flow | -$1.20B | -$778.9M | -$1.34B | -$1.73B | -$806.6M |
| Net change in cash | $244.0M | $732.4M | $404.6M | -$982.6M | $244.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 15.5% | 14.0% | 13.4% | 15.6% | 18.4% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Aug 31, 2026 | 818.0M | +22.3% | SEC |
| May 26, 2026 | 815.0M | +22.2% | SEC |
| Feb 11, 2026 | 816.0M | +23.2% | SEC |
| Nov 11, 2025 | 697.0M | +112.4% | SEC |
| Aug 18, 2025 | 668.9M | +105.4% | SEC |
| May 9, 2025 | 666.8M | +105.9% | SEC |
| Feb 7, 2025 | 662.1M | +104.9% | SEC |
| Nov 13, 2024 | 328.1M | +4.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Jun 30, 2021, from 13F share counts: 3-for-1 in Q3 2022 and 2-for-1 in Q4 2024.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.