PANW

Updated: Mar 12, 2026 11:30 AM

Palo Alto Networks Inc

Market Cap: $130.05B P/S: 53x Ownership — Insider: 0.9% | Institutional: 84.5% | Retail: 14.6% TECHNOLOGY SOFTWARE - INFRASTRUCTURE

Palo Alto Networks, Inc. (PANW) is a premier player in the cybersecurity sector, headquartered in Santa Clara, California, renowned for its cutting-edge platform that safeguards organizations from a diverse range of cyber threats through advanced firewall technologies, cloud security solutions, and AI-enhanced threat intelligence. The company serves a varied global clientele and maintains a strong commitment to enterprise security, risk management, and continuous innovation. As the cybersecurity landscape evolves and the demand for comprehensive protection intensifies, Palo Alto Networks is poised for growth, driving expansion of its product portfolio and reinforcing its status as an essential partner for organizations seeking to navigate today’s complex security challenges.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        17/17 dates (100%)
  ✅ grossProfit                         17/17 dates (100%)
  ✅ netIncome                           17/17 dates (100%)

Plot for PANW (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -9.22B                    -4.61B                     0.00B                     4.61B                     9.22B
               |                         |                         |                         |                         |

  2009-07-31 |                                                    |  -0.02B
  2010-07-31 |                                                    |  0.05B
  2011-07-31 |                                                    |  0.12B
  2012-07-31 |                                                     |  0.26B
  2013-07-31 |                                                    |  0.40B
  2014-07-31 |                                                    |  0.60B
  2015-07-31 |                                                    |  0.93B
  2016-07-31 |                                                    |  1.38B
  2017-07-31 |                                                    |  1.76B
  2018-07-31 |                                                    |  2.27B
  2019-07-31 |                                                    |  2.90B
  2020-07-31 |                                                   |  3.41B
  2021-07-31 |                                                  |  4.26B
  2022-07-31 |                                                   |  5.50B
  2023-07-31 |                                                     |  6.89B
  2024-07-31 |                                                     |  8.03B
  2025-07-31 |                                                     | 9.22B

               |                         |                         |                         |                         |
               -9.22B                    -4.61B                     0.00B                     4.61B                     9.22B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              17/17 dates (100%)
  ✅ sellingGeneralAndAdministrative     17/17 dates (100%)
  ✅ costofGoodsAndServicesSold          17/17 dates (100%)

Plot for PANW (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     0.61B                     1.23B                     1.84B                     2.45B
               |                         |                         |                         |                         |

  2009-07-31 |  0.01B
  2010-07-31 |  0.02B
  2011-07-31 |  0.03B
  2012-07-31 |  0.07B
  2013-07-31 |  0.11B
  2014-07-31 |  0.16B
  2015-07-31 |  0.25B
  2016-07-31 |  0.37B
  2017-07-31 |  0.48B
  2018-07-31 |  0.65B
  2019-07-31 |  0.81B
  2020-07-31 |  1.00B
  2021-07-31 |  1.27B
  2022-07-31 |  1.72B
  2023-07-31 |  1.91B
  2024-07-31 |  2.06B
  2025-07-31 |  2.45B

               |                         |                         |                         |                         |
               0.00B                     0.61B                     1.23B                     1.84B                     2.45B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         16/17 dates (94%)
  ⚠️  shortLongTermDebtTotal              12/17 dates (71%)
  ✅ operatingCashflow                   17/17 dates (100%)

Plot for PANW (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -3.95B                    -1.98B                     0.00B                     1.98B                     3.95B
               |                         |                         |                         |                         |

  2009-07-31 |                                                    | -0.01B ⊗⊗
  2010-07-31 |                                                    |  0.02B ⊗
  2011-07-31 |                                                     |  0.04B ⊗
  2012-07-31 |                                                     |  0.32B ⊗
  2013-07-31 |                                                     |  0.31B ⊗
  2014-07-31 |                                                     |  0.65B
  2015-07-31 |                                                     |  0.49B
  2016-07-31 |                                                     |  1.01B
  2017-07-31 |                                                     |  0.87B
  2018-07-31 |                                                     |  2.51B
  2019-07-31 |                                                     |  1.43B
  2020-07-31 |                                                     |  3.42B
  2021-07-31 |                                                     |  3.54B
  2022-07-31 |                                                     | 3.95B
  2023-07-31 |                                                     |  2.78B
  2024-07-31 |                                                     |  3.26B
  2025-07-31 |                                                     |  3.72B

               |                         |                         |                         |                         |
               -3.95B                    -1.98B                     0.00B                     1.98B                     3.95B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   17/17 dates (100%)
  ✅ capitalExpenditures                 17/17 dates (100%)

Plot for PANW (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -3.72B                    -1.86B                     0.00B                     1.86B                     3.72B
               |                         |                         |                         |                         |

  2009-07-31 |                                                    |  -0.01B
  2010-07-31 |                                                    |  -0.00B
  2011-07-31 |                                                     |  0.03B
  2012-07-31 |                                                     |  0.08B
  2013-07-31 |                                                     |  0.11B
  2014-07-31 |                                                     |  0.09B
  2015-07-31 |                                                     |  0.35B
  2016-07-31 |                                                     |  0.66B
  2017-07-31 |                                                     |  0.87B
  2018-07-31 |                                                     |  1.04B
  2019-07-31 |                                                     |  1.06B
  2020-07-31 |                                                     |  1.04B
  2021-07-31 |                                                     |  1.50B
  2022-07-31 |                                                     |  1.98B
  2023-07-31 |                                                     |  2.78B
  2024-07-31 |                                                     |  3.26B
  2025-07-31 |                                                     | 3.72B

               |                         |                         |                         |                         |
               -3.72B                    -1.86B                     0.00B                     1.86B                     3.72B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         16/17 dates (94%)
  ⚠️  totalLiabilities                    16/17 dates (94%)
  ⚠️  totalShareholderEquity              16/17 dates (94%)

Plot for PANW (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -23.58B                   -11.79B                    0.00B                    11.79B                    23.58B
               |                         |                         |                         |                         |

  2010-07-31 |                                                    |  0.10B
  2011-07-31 |                                                    |  0.16B
  2012-07-31 |                                                     |  0.41B
  2013-07-31 |                                                     |  0.59B
  2014-07-31 |                                                     |  1.48B
  2015-07-31 |                                                     |  1.97B
  2016-07-31 |                                                     |  2.76B
  2017-07-31 |                                                     |  3.44B
  2018-07-31 |                                                     |  5.82B
  2019-07-31 |                                                     |  6.59B
  2020-07-31 |                                                     |  9.07B
  2021-07-31 |                                                     |  10.24B
  2022-07-31 |                                                     |  12.25B
  2023-07-31 |                                                     |  14.50B
  2024-07-31 |                                                     |  19.99B
  2025-07-31 |                                                     | 23.58B

               |                         |                         |                         |                         |
               -23.58B                   -11.79B                    0.00B                    11.79B                    23.58B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           17/17 dates (100%)
  ⚠️  shortLongTermDebtTotal              12/17 dates (71%)
  ⚠️  totalShareholderEquity              16/17 dates (94%)

Plot for PANW (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -7.82B                    -3.91B                     0.00B                     3.91B                     7.82B
               |                         |                         |                         |                         |

  2009-07-31 |                                                    | -0.02B ⊗⊗
  2010-07-31 |                                                    | -0.07B ⊗
  2011-07-31 |                                                    | -0.07B ⊗
  2012-07-31 |                                                     |  0.23B ⊗
  2013-07-31 |                                                    |  0.27B ⊗
  2014-07-31 |                                                   |  0.53B
  2015-07-31 |                                                    |  0.58B
  2016-07-31 |                                                   |  1.01B
  2017-07-31 |                                                    |  0.76B
  2018-07-31 |                                                    |  1.92B
  2019-07-31 |                                                    |  1.59B
  2020-07-31 |                                                   |  3.42B
  2021-07-31 |                                                  |  3.54B
  2022-07-31 |                                                   |  3.95B
  2023-07-31 |                                                     |  2.27B
  2024-07-31 |                                                     |  5.17B
  2025-07-31 |                                                     | 7.82B

               |                         |                         |                         |                         |
               -7.82B                    -3.91B                     0.00B                     3.91B                     7.82B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for PANW (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -2.54B                    -1.27B                     0.00B                     1.27B                     2.54B
               |                         |                         |                         |                         |

  2019-10-31 |                                                    |  0.77B
  2020-01-31 |                                                   |  0.82B
  2020-04-30 |                                                   |  0.87B
  2020-07-31 |                                                    |  0.95B
  2020-10-31 |                                                   |  0.95B
  2021-01-31 |                                                  |  1.02B
  2021-04-30 |                                                  |  1.07B
  2021-07-31 |                                                   |  1.22B
  2021-10-31 |                                                   |  1.25B
  2022-01-31 |                                                   |  1.32B
  2022-04-30 |                                                   |  1.39B
  2022-07-31 |                                                     |  1.55B
  2022-10-31 |                                                     |  1.56B
  2023-01-31 |                                                     |  1.66B
  2023-04-30 |                                                     |  1.72B
  2023-07-31 |                                                     |  1.95B
  2023-10-31 |                                                     |  1.88B
  2024-01-31 |                                                     |  1.98B
  2024-04-30 |                                                     |  1.98B
  2024-07-31 |                                                     |  2.19B
  2024-10-31 |                                                     |  2.14B
  2025-01-31 |                                                     |  2.26B
  2025-04-30 |                                                     |  2.29B
  2025-07-31 |                                                     | 2.54B
  2025-10-31 |                                                     |  2.47B

               |                         |                         |                         |                         |
               -2.54B                    -1.27B                     0.00B                     1.27B                     2.54B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for PANW (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    169.75M                   339.50M                   509.25M                   679.00M
               |                         |                         |                         |                         |

  2019-10-31 |  217.70M
  2020-01-31 |  233.10M
  2020-04-30 |  258.30M
  2020-07-31 |  290.40M
  2020-10-31 |  277.80M
  2021-01-31 |  307.60M
  2021-04-30 |  330.60M
  2021-07-31 |  358.90M
  2021-10-31 |  380.60M
  2022-01-31 |  405.30M
  2022-04-30 |  440.50M
  2022-07-31 |  492.30M
  2022-10-31 |  461.90M
  2023-01-31 |  466.20M
  2023-04-30 |  474.80M
  2023-07-31 |  506.80M
  2023-10-31 |  472.80M
  2024-01-31 |  499.10M
  2024-04-30 |  513.60M
  2024-07-31 |  573.70M
  2024-10-31 |  554.10M
  2025-01-31 |  599.20M
  2025-04-30 |  619.30M
  2025-07-31 |  679.00M
  2025-10-31 |  638.00M

               |                         |                         |                         |                         |
               0.00M                    169.75M                   339.50M                   509.25M                   679.00M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for PANW (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     0.99B                     1.99B                     2.98B                     3.97B
               |                         |                         |                         |                         |

  2019-10-31 |  1.82B
  2020-01-31 |  2.00B
  2020-04-30 |  1.82B
  2020-07-31 |  3.42B
  2020-10-31 |  3.44B
  2021-01-31 |  3.47B
  2021-04-30 |  3.51B
  2021-07-31 |  3.54B
  2021-10-31 |  3.97B
  2022-01-31 |  3.96B
  2022-04-30 |  3.95B
  2022-07-31 |  3.95B
  2022-10-31 |  3.96B
  2023-01-31 |  3.95B
  2023-04-30 |  3.95B
  2023-07-31 |  2.27B
  2023-10-31 |  2.49B
  2024-01-31 |  2.18B
  2024-04-30 |  1.53B
  2024-07-31 |  1.54B
  2024-10-31 |  2.28B
  2025-01-31 |  2.23B
  2025-04-30 |  2.38B
  2025-07-31 |  2.28B
  2025-10-31 |  3.07B

               |                         |                         |                         |                         |
               0.00B                     0.99B                     1.99B                     2.98B                     3.97B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for PANW (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     0.44B                     0.89B                     1.33B                     1.77B
               |                         |                         |                         |                         |

  2019-10-31 |  0.23B
  2020-01-31 |  0.31B
  2020-04-30 |  0.17B
  2020-07-31 |  0.33B
  2020-10-31 |  0.53B
  2021-01-31 |  0.36B
  2021-04-30 |  0.28B
  2021-07-31 |  0.33B
  2021-10-31 |  0.59B
  2022-01-31 |  0.48B
  2022-04-30 |  0.39B
  2022-07-31 |  0.52B
  2022-10-31 |  1.24B
  2023-01-31 |  0.69B
  2023-04-30 |  0.43B
  2023-07-31 |  0.41B
  2023-10-31 |  1.53B
  2024-01-31 |  0.69B
  2024-04-30 |  0.53B
  2024-07-31 |  0.51B
  2024-10-31 |  1.51B
  2025-01-31 |  0.56B
  2025-04-30 |  0.63B
  2025-07-31 |  1.02B
  2025-10-31 |  1.77B

               |                         |                         |                         |                         |
               0.00B                     0.44B                     0.89B                     1.33B                     1.77B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for PANW (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     5.89B                    11.79B                    17.68B                    23.58B
               |                         |                         |                         |                         |

  2019-10-31 |  6.82B
  2020-01-31 |  7.18B
  2020-04-30 |  6.50B
  2020-07-31 |  9.07B
  2020-10-31 |  8.73B
  2021-01-31 |  9.49B
  2021-04-30 |  9.56B
  2021-07-31 |  10.24B
  2021-10-31 |  10.43B
  2022-01-31 |  10.40B
  2022-04-30 |  11.10B
  2022-07-31 |  12.25B
  2022-10-31 |  12.54B
  2023-01-31 |  13.16B
  2023-04-30 |  14.17B
  2023-07-31 |  14.50B
  2023-10-31 |  14.81B
  2024-01-31 |  18.29B
  2024-04-30 |  17.93B
  2024-07-31 |  19.99B
  2024-10-31 |  20.37B
  2025-01-31 |  20.95B
  2025-04-30 |  22.00B
  2025-07-31 |  23.58B
  2025-10-31 |  23.54B

               |                         |                         |                         |                         |
               0.00B                     5.89B                    11.79B                    17.68B                    23.58B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for PANW (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -8.66B                    -4.33B                     0.00B                     4.33B                     8.66B
               |                         |                         |                         |                         |

  2019-10-31 |                                                    |  1.82B
  2020-01-31 |                                                    |  1.81B
  2020-04-30 |                                                    |  1.82B
  2020-07-31 |                                                    |  3.42B
  2020-10-31 |                                                    |  3.44B
  2021-01-31 |                                                    |  3.47B
  2021-04-30 |                                                    |  3.51B
  2021-07-31 |                                                    |  3.54B
  2021-10-31 |                                                    |  3.97B
  2022-01-31 |                                                    |  3.96B
  2022-04-30 |                                                    |  3.95B
  2022-07-31 |                                                     |  3.95B
  2022-10-31 |                                                     |  3.96B
  2023-01-31 |                                                     |  3.95B
  2023-04-30 |                                                     |  3.95B
  2023-07-31 |                                                     |  2.27B
  2023-10-31 |                                                     |  2.22B
  2024-01-31 |                                                     |  4.36B
  2024-04-30 |                                                     |  4.47B
  2024-07-31 |                                                     |  5.17B
  2024-10-31 |                                                     |  5.91B
  2025-01-31 |                                                     |  6.38B
  2025-04-30 |                                                     |  7.23B
  2025-07-31 |                                                     |  7.82B
  2025-10-31 |                                                     | 8.66B

               |                         |                         |                         |                         |
               -8.66B                    -4.33B                     0.00B                     4.33B                     8.66B

Price History

Volume

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