Palo Alto Networks Inc financials

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PANW CIK 0001327567

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:13:37Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 3.47B 3.10B 2.63B 1.79B 1.39B 821.30M
EBITDA 1.59B 967.20M 669.50M 93.80M -43.70M 27.10M
Working Capital -465.00M -833.00M -1.69B -1.89B -469.40M 2.44B
Net Debt -1.85B -1.09B 1.20B 1.90B 1.73B 520.60M
Gross Margin 73.41% 74.35% 72.29% 68.76% 70.05% 70.68%
Operating Margin 13.48% 8.52% 5.62% -3.43% -7.14% -5.25%
Net Margin 12.30% 32.11% 6.38% -4.85% -11.72% -7.83%
Return on Equity (ROE) 14.49% 49.87% 25.15% -127.14% -78.63% -24.23%
Return on Assets (ROA) 4.81% 12.89% 3.03% -2.18% -4.87% -2.95%
Current Ratio 0.9418 0.8916 0.7816 0.7723 0.9083 1.9056
Debt-to-Equity 0.0533 0.0864 1.3332 19.12 5.682 3.1572
Effective Tax Rate 28.94% -160.81% 22.36% -28.86% -7.29% -15.19%
Cash Conversion Ratio 3.2772 1.2638 6.3168 -7.4333 -3.0126 -3.879
Accruals Ratio -0.1095 -0.034 -0.1612 -0.1838 -0.1955 -0.1437
SBC % of Revenue 14.04% 13.40% 15.59% 18.38% 21.02% 19.32%
CapEx Coverage 15.0934 20.7755 18.985 10.2941 12.9569 4.8307
Free Cash Flow Per Share $4.89 $4.38 $3.84 $6.06 $4.80 $8.48

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 108.5 44.6058 195.2813 — — —
P/FCF 35.4872 37.0671 32.513 27.4446 27.7257 30.1945
FCF Yield 2.82% 2.70% 3.08% 3.64% 3.61% 3.31%
EV / EBITDA 71.9367 217.174 116.8906 1,610.1043 — 928.6234
P/S 12.5755 26.302 11.1803 27.1073 9.1228 7.2307
P/B 14.8217 40.8473 44.0761 710.148 61.194 22.368

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 9.22B 8.03B 6.89B 5.50B 4.26B 3.41B
Cost of Goods and Services Sold 2.45B 2.06B 1.91B 1.72B 1.27B 999.50M
Gross Profit 6.77B 5.97B 4.98B 3.78B 2.98B 2.41B
Research and Development Expense 1.98B 1.81B 1.60B 1.42B 1.14B 768.10M
Operating Expenses 5.53B 5.28B 4.60B 3.97B 3.29B 2.59B
Operating Income (Loss) 1.24B 683.90M 387.30M -188.80M -304.10M -179.00M
Income Tax Expense (Benefit) 461.80M -1.59B 126.60M 59.80M 33.90M 35.20M
Net Income (Loss) Attributable to Parent 1.13B 2.58B 439.70M -267.00M -498.90M -267.00M
Earnings Per Share, Basic $1.71 $4.04 $0.73 $-0.90 $-1.73 $-2.76
Weighted Average Number of Shares Outstanding, Basic 662.50M 638.50M 606.40M 295.60M 289.10M 96.90M
Earnings Per Share, Diluted $1.60 $3.64 $0.64 $-0.90 $-1.73 $-2.76
Weighted Average Number of Shares Outstanding, Diluted 709.30M 707.90M 684.50M 295.60M 289.10M 96.90M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.27B 1.54B 1.14B 2.12B 1.87B 2.96B
Assets, Current 7.52B 6.85B 6.05B 6.41B 4.65B 5.13B
Assets 23.58B 19.99B 14.50B 12.25B 10.24B 9.07B
Long-term Debt — — 1.99B 3.68B 3.23B 3.08B
Liabilities, Current 7.99B 7.68B 7.74B 8.31B 5.12B 2.69B
Liabilities 15.75B 14.82B 12.75B 12.04B 9.48B —
Stockholders' Equity Attributable to Parent 7.82B 5.17B 1.75B 210.00M 634.50M 1.10B
Common Stock, Shares, Outstanding 668.00M 650.20M 308.30M 298.80M 97.30M 96.30M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 3.72B 3.26B 2.78B 1.98B 1.50B 1.04B
Net Cash Provided by (Used in) Investing Activities -2.20B -1.51B -2.03B -933.40M -1.48B 288.00M
Payments for Repurchase of Common Stock 0 566.70M 272.70M 892.30M 1.18B 1.20B
Net Cash Provided by (Used in) Financing Activities -778.90M -1.34B -1.73B -806.60M -1.10B 673.00M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

20 concepts 3 units
Unit US$ · 16 concepts
Label Value Period
Interest Income, Other 109.00M 2025-11-01 → 2026-01-31
Revenue from Contract with Customer, Excluding Assessed Tax 2.59B 2025-11-01 → 2026-01-31
Cost of Goods and Services Sold 685.00M 2025-11-01 → 2026-01-31
Gross Profit 1.91B 2025-11-01 → 2026-01-31
Research and Development Expense 511.00M 2025-11-01 → 2026-01-31
Amortization of Intangible Assets 39.00M 2025-11-01 → 2026-01-31
Selling and Marketing Expense 823.00M 2025-11-01 → 2026-01-31
General and Administrative Expense 178.00M 2025-11-01 → 2026-01-31
Operating Expenses 1.51B 2025-11-01 → 2026-01-31
Operating Income (Loss) 397.00M 2025-11-01 → 2026-01-31
Foreign Currency Transaction Gain (Loss), before Tax -16.00M 2025-11-01 → 2026-01-31
Other Nonoperating Income (Expense) 59.00M 2025-11-01 → 2026-01-31
InterestExpenseNonoperating 0 2025-11-01 → 2026-01-31
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 549.00M 2025-11-01 → 2026-01-31
Income Tax Expense (Benefit) 117.00M 2025-11-01 → 2026-01-31
Net Income (Loss) Attributable to Parent 432.00M 2025-11-01 → 2026-01-31
Unit shares · 2 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 704.00M 2025-11-01 → 2026-01-31
Weighted Average Number of Shares Outstanding, Diluted 711.00M 2025-11-01 → 2026-01-31
Unit US$ / share · 2 concepts
Label Value Period
Earnings Per Share, Basic $0.61 2025-11-01 → 2026-01-31
Earnings Per Share, Diluted $0.61 2025-11-01 → 2026-01-31

Comprehensive Income

7 concepts 1 unit
Unit US$ · 7 concepts
Label Value Period
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax 39.00M 2025-08-01 → 2026-01-31
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax -26.00M 2025-11-01 → 2026-01-31
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax 16.00M 2025-11-01 → 2026-01-31
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax 11.00M 2025-11-01 → 2026-01-31
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent 5.00M 2025-11-01 → 2026-01-31
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent -21.00M 2025-11-01 → 2026-01-31
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 411.00M 2025-11-01 → 2026-01-31

Balance Sheet

53 concepts 3 units
Unit US$ · 45 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 4.16B as of 2026-01-31
Restricted Cash, Current 4.00M as of 2026-01-31
Short-term Investments 378.00M as of 2026-01-31
Accounts Receivable, Allowance for Credit Loss, Current 13.00M as of 2026-01-31
Accounts Receivable, after Allowance for Credit Loss, Current 2.12B as of 2026-01-31
Financing Receivable, before Allowance for Credit Loss, Current 754.00M as of 2026-01-31
Financing Receivable, Allowance for Credit Loss, Current 7.00M as of 2026-01-31
Financing Receivable, after Allowance for Credit Loss, Current 672.00M as of 2026-01-31
Capitalized Contract Cost, Net, Current 424.00M as of 2026-01-31
Financing Receivable, before Allowance for Credit Loss 1.56B as of 2026-01-31
Assets, Current 8.37B as of 2026-01-31
Operating Lease, Right-of-Use Asset 368.00M as of 2026-01-31
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss 5.50B as of 2026-01-31
DebtSecuritiesAvailableForSaleExcludingAccruedInterest 5.55B as of 2026-01-31
Property, Plant and Equipment, Net 485.00M as of 2026-01-31
Long-term Investments 3.36B as of 2026-01-31
Financing Receivable, before Allowance for Credit Loss, Noncurrent 937.00M as of 2026-01-31
Financing Receivable, Allowance for Credit Loss, Noncurrent 9.00M as of 2026-01-31
Financing Receivable, after Allowance for Credit Loss, Noncurrent 870.00M as of 2026-01-31
Goodwill 6.93B as of 2026-01-31
Finite-Lived Intangible Assets, Accumulated Amortization 464.00M as of 2026-01-31
Finite-Lived Intangible Assets, Net 1.25B as of 2026-01-31
Intangible Assets, Net (Excluding Goodwill) 1.25B as of 2026-01-31
Capitalized Contract Cost, Net, Noncurrent 526.00M as of 2026-01-31
Other Assets, Noncurrent 427.00M as of 2026-01-31
Deferred Income Tax Assets, Net 2.39B as of 2026-01-31
Restricted Cash, Noncurrent 4.00M as of 2026-01-31
Assets 24.98B as of 2026-01-31
Accounts Payable, Current 262.00M as of 2026-01-31
Employee-related Liabilities, Current 562.00M as of 2026-01-31
Accrued Liabilities, Current 937.00M as of 2026-01-31
Contract with Customer, Liability, Current 6.25B as of 2026-01-31
Business Combination, Contingent Consideration, Liability, Current 157.00M as of 2026-01-31
Liabilities, Current 8.01B as of 2026-01-31
Contract with Customer, Liability, Noncurrent 6.18B as of 2026-01-31
Deferred Income Tax Liabilities, Net 75.00M as of 2026-01-31
Other Liabilities, Noncurrent 949.00M as of 2026-01-31
Business Combination, Contingent Consideration, Liability, Noncurrent 212.00M as of 2026-01-31
Operating Lease, Liability, Noncurrent 372.00M as of 2026-01-31
Liabilities 15.59B as of 2026-01-31
Preferred Stock, Value, Issued 0 as of 2026-01-31
Accumulated Other Comprehensive Income (Loss), Net of Tax 46.00M as of 2026-01-31
Retained Earnings (Accumulated Deficit) 3.25B as of 2026-01-31
Stockholders' Equity Attributable to Parent 9.39B as of 2026-01-31
Liabilities and Equity 24.98B as of 2026-01-31
Unit shares · 6 concepts
Label Value Period
Preferred Stock, Shares Authorized 100.00M as of 2026-01-31
Preferred Stock, Shares Issued 0 as of 2026-01-31
Preferred Stock, Shares Outstanding 0 as of 2026-01-31
Common Stock, Shares Authorized 2.00B as of 2026-01-31
Common Stock, Shares, Issued 703.00M as of 2026-01-31
Common Stock, Shares, Outstanding 703.00M as of 2026-01-31
Unit US$ / share · 2 concepts
Label Value Period
Preferred Stock, Par or Stated Value Per Share $0.00 as of 2026-01-31
Common Stock, Par or Stated Value Per Share $0.00 as of 2026-01-31

Cash Flow Statement

28 concepts 1 unit
Unit US$ · 28 concepts
Label Value Period
Accretion (Amortization) of Discounts and Premiums, Investments 52.00M 2025-08-01 → 2026-01-31
Amortization of Debt Issuance Costs and Discounts 0 2025-08-01 → 2026-01-31
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities 23.00M 2025-08-01 → 2026-01-31
Depreciation, Depletion and Amortization 180.00M 2025-08-01 → 2026-01-31
Operating Lease, Right-of-Use Asset, Amortization Expense 35.00M 2025-08-01 → 2026-01-31
Share-based Payment Arrangement, Noncash Expense 671.00M 2025-08-01 → 2026-01-31
Deferred Income Taxes and Tax Credits 14.00M 2025-08-01 → 2026-01-31
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability -10.00M 2025-08-01 → 2026-01-31
Increase (Decrease) in Accounts Receivable -864.00M 2025-08-01 → 2026-01-31
Increase (Decrease) in Finance Receivables -175.00M 2025-08-01 → 2026-01-31
Increase (Decrease) in Prepaid Expense and Other Assets 45.00M 2025-08-01 → 2026-01-31
Increase (Decrease) in Contract with Customer, Liability -344.00M 2025-08-01 → 2026-01-31
Increase (Decrease) in Accounts Payable 40.00M 2025-08-01 → 2026-01-31
Increase (Decrease) in Employee Related Liabilities -47.00M 2025-08-01 → 2026-01-31
Net Cash Provided by (Used in) Operating Activities 2.33B 2025-08-01 → 2026-01-31
Payments to Acquire Productive Assets 254.00M 2025-08-01 → 2026-01-31
Payments to Acquire Investments 1.93B 2025-08-01 → 2026-01-31
Proceeds from Sale of Debt Securities, Available-for-sale 2.82B 2025-08-01 → 2026-01-31
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale 1.61B 2025-08-01 → 2026-01-31
Payments to Acquire Businesses, Net of Cash Acquired 2.58B 2025-08-01 → 2026-01-31
Net Cash Provided by (Used in) Investing Activities -332.00M 2025-08-01 → 2026-01-31
Repayments of Convertible Debt 0 2025-08-01 → 2026-01-31
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised 138.00M 2025-08-01 → 2026-01-31
Payment, Tax Withholding, Share-based Payment Arrangement 109.00M 2025-08-01 → 2026-01-31
Payment for Contingent Consideration Liability, Financing Activities 135.00M 2025-08-01 → 2026-01-31
Net Cash Provided by (Used in) Financing Activities -106.00M 2025-08-01 → 2026-01-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 1.89B 2025-08-01 → 2026-01-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 4.17B as of 2026-01-31

Notes

54 concepts 3 units
Unit US$ · 48 concepts
Label Value Period
Cash and Cash Equivalents, Fair Value Disclosure 3.22B as of 2026-01-31
Prepaid Expense and Other Assets, Current 621.00M as of 2026-01-31
Foreign Currency Contract, Asset, Fair Value Disclosure 80.00M as of 2026-01-31
Share-based Payment Arrangement, Expense 301.00M 2025-11-01 → 2026-01-31
Other Assets, Fair Value Disclosure 0 as of 2026-01-31
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount 2.90B as of 2026-01-31
Contract with Customer, Liability, Revenue Recognized 3.50B 2025-08-01 → 2026-01-31
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 109.00M 2025-08-01 → 2026-01-31
Common Stocks, Including Additional Paid in Capital 6.10B as of 2026-01-31
Finite-Lived Intangible Asset, Expected Amortization, Year One 224.00M as of 2026-01-31
Finite-Lived Intangible Asset, Expected Amortization, Year Two 199.00M as of 2026-01-31
Loss Contingency Accrual 149.00M as of 2026-01-31
Finite-Lived Intangible Asset, Expected Amortization, Year Three 173.00M as of 2026-01-31
Finite-Lived Intangible Asset, Expected Amortization, Year Four 156.00M as of 2026-01-31
Revenue, Remaining Performance Obligation, Amount 16.00B as of 2026-01-31
Loss Contingency Accrual, Period Increase (Decrease) 2.00M 2025-11-01 → 2026-01-31
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year 130.00M as of 2026-01-31
Intangible Assets, Gross (Excluding Goodwill) 1.71B as of 2026-01-31
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost 2.19B as of 2026-01-31
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after Five Through Ten Years, Amortized Cost 110.00M as of 2026-01-31
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Amortized Cost 129.00M as of 2026-01-31
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 111.00M as of 2026-01-31
Capitalized Contract Cost, Amortization 261.00M 2025-08-01 → 2026-01-31
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value 2.19B as of 2026-01-31
StockRepurchaseProgramAuthorizedAmount1 4.10B as of 2026-01-31
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value 133.00M as of 2026-01-31
Stock Repurchase Program, Remaining Authorized Repurchase Amount 1.00B as of 2026-01-31
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation 108.00M 2025-11-01 → 2026-01-31
Goodwill, Acquired During Period 2.36B 2025-08-01 → 2026-01-31
Unrecorded Unconditional Purchase Obligation, to be Paid, Year One 628.00M as of 2026-01-31
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two 1.09B as of 2026-01-31
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Three 1.13B as of 2026-01-31
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Four 1.16B as of 2026-01-31
Unrecorded Unconditional Purchase Obligation 6.79B as of 2026-01-31
Assets, Fair Value Disclosure 7.03B as of 2026-01-31
Accrued Liabilities, Fair Value Disclosure 161.00M as of 2026-01-31
Other Liabilities, Fair Value Disclosure 212.00M as of 2026-01-31
Financial and Nonfinancial Liabilities, Fair Value Disclosure 373.00M as of 2026-01-31
Unrecorded Unconditional Purchase Obligation, to be Paid, Remainder of Fiscal Year 284.00M as of 2026-01-31
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months 40.00M 2025-08-01 → 2026-01-31
Financing Receivable, Year One, Originated, Current Fiscal Year 429.00M as of 2026-01-31
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year 782.00M as of 2026-01-31
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year 177.00M as of 2026-01-31
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year 5.00M as of 2026-01-31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value 369.00M as of 2026-01-31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings 3.00M 2025-11-01 → 2026-01-31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases 0 2025-11-01 → 2026-01-31
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 307.00M 2025-11-01 → 2026-01-31
Unit shares · 5 concepts
Label Value Period
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant 3.00M as of 2026-01-31
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 6.00M 2025-11-01 → 2026-01-31
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities 0 2025-11-01 → 2026-01-31
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants 1.00M 2025-11-01 → 2026-01-31
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period 3.00M 2025-08-01 → 2026-01-31
Unit pure · 1 concept
Label Value Period
Effective Income Tax Rate Reconciliation, Percent 0.213 2025-11-01 → 2026-01-31

Other

2 concepts 1 unit
Unit US$ · 2 concepts
Label Value Period
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture 9.00M 2025-11-01 → 2026-01-31
Stock Issued During Period, Value, Acquisitions 109.00M 2025-11-01 → 2026-01-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (PANW CIK 0001327567), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.