Palo Alto Networks, Inc. (PANW) Financial Statements

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Palo Alto Networks financial statements at a glance

Palo Alto Networks reported revenue of $11.48 billion for fiscal year 2026 (ended July 31, 2026), up 24.5% from fiscal year 2025. Net income was $307.00 million, a net margin of 2.7%, and diluted earnings per share were $0.40.

At the end of fiscal year 2026 it had total assets of $48.46 billion, total liabilities of $20.97 billion and shareholders' equity of $27.49 billion, with cash and short-term investments of $3.07 billion and total debt of $2.50 billion.

Its operations brought in $4.55 billion of cash; capital spending was $440.00 million, leaving free cash flow of $4.11 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended July 31, 2026.

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Palo Alto Networks, Inc.

PANWUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
11.48B
Prev Year: 9.22B
YoY: +24.5%
Operating Revenue
11.48B
Prev Year: 9.22B
YoY: +24.5%
Net Income from Continuing Operation Net Minority Interest
307.00M
Prev Year: 1.13B
YoY: -72.9%
Total Unusual Items Excluding Goodwill
23.00M
Prev Year: -32.80M
YoY: +170.1%
Total Unusual Items
23.00M
Prev Year: -32.80M
YoY: +170.1%
Normalized EBITDA
1.37B
Prev Year: 1.97B
YoY: -30.7%
Tax Rate for Calcs
0.4
Prev Year: 0.289
YoY: +38.4%
Tax Effect of Unusual Items
9.20M
Prev Year: -9.48M
YoY: +197.1%
Cost of Revenue
3.40B
Prev Year: 2.45B
YoY: +38.8%
Gross Profit
8.08B
Prev Year: 6.77B
YoY: +19.3%
Operating Expense
7.38B
Prev Year: 5.53B
YoY: +33.6%
Selling General and Administrative
4.83B
Prev Year: 3.54B
YoY: +36.3%
General and Administrative Expense
899.00M
Prev Year: 442.70M
YoY: +103.1%
Other General and Administrative
899.00M
Prev Year: 442.70M
YoY: +103.1%
Salaries and Wages
-
Selling and Marketing Expense
3.93B
Prev Year: 3.10B
YoY: +26.8%
Research and Development
2.55B
Prev Year: 1.98B
YoY: +28.6%
Operating Income
695.00M
Prev Year: 1.24B
YoY: -44.1%
Net Non Operating Interest Income Expense
374.00M
Prev Year: 360.50M
YoY: +3.7%
Non-operating Interest Income
374.00M
Prev Year: 363.50M
YoY: +2.9%
Other Income Expense
-533.00M
Prev Year: -7.70M
YoY: -6822.1%
Gain on Sale of Securities
23.00M
Prev Year: -32.80M
YoY: +170.1%
Other Non-operating Income (expense)
-556.00M
Prev Year: 25.10M
YoY: -2315.1%
Pre-tax Income
536.00M
Prev Year: 1.60B
YoY: -66.4%
Provision for Income Taxes
229.00M
Prev Year: 461.80M
YoY: -50.4%
Net Income Common Stockholders
307.00M
Prev Year: 1.13B
YoY: -72.9%
Net Income
307.00M
Prev Year: 1.13B
YoY: -72.9%
Net Income Including Non-Controlling Interests
307.00M
Prev Year: 1.13B
YoY: -72.9%
Net Income from Continuing Operations
307.00M
Prev Year: 1.13B
YoY: -72.9%
Diluted NI Available to Com Stockholders
307.00M
Prev Year: 1.13B
YoY: -72.9%
Basic EPS
0.41
Diluted EPS
0.4
Weighted Average Shares (basic)
749.00M
Weighted Average Shares (diluted)
764.00M
Total Operating Income as Reported
695.00M
Prev Year: 1.24B
YoY: -44.1%
Total Expenses
10.79B
Prev Year: 7.98B
YoY: +35.2%
Net Income from Continuing and Discontinued Operation
307.00M
Prev Year: 1.13B
YoY: -72.9%
Normalized Income
293.20M
Prev Year: 1.16B
YoY: -74.7%
Interest Income
374.00M
Prev Year: 363.50M
YoY: +2.9%
Net Interest Income
374.00M
Prev Year: 360.50M
YoY: +3.7%
EBIT
536.00M
Prev Year: 1.60B
YoY: -66.4%
EBITDA
1.39B
Prev Year: 1.94B
YoY: -28.3%
Reconciled Cost of Revenue
3.40B
Prev Year: 2.45B
YoY: +38.8%
Reconciled Depreciation
855.00M
Prev Year: 343.40M
YoY: +149.0%
Values in USD

Palo Alto Networks key figures by fiscal year

FY2026FY2025FY2024FY2023FY2022
Revenue$11.5B$9.2B$8.0B$6.9B$5.5B
Gross profit$8.1B$6.8B$6.0B$5.0B$3.8B
Operating income$695.0M$1.2B$683.9M$387.3M-$188.8M
Net income$307.0M$1.1B$2.6B$439.7M-$267.0M
Diluted EPS$0.40–$3.64$0.64-$0.45
Total assets$48.5B$23.6B$20.0B$14.5B$12.3B
Total liabilities$21.0B$15.8B$14.8B$12.8B$12.0B
Shareholders' equity$27.5B$7.8B$5.2B$1.7B$210.0M
Cash and short-term investments$3.1B$2.9B$2.6B$2.4B$3.6B
Total debt$2.5B$338.2M$1.3B$2.3B$4.0B
Operating cash flow$4.6B$3.7B$3.3B$2.8B$2.0B
Capital spending$440.0M$246.2M$156.8M$146.3M$192.8M
Free cash flow$4.1B$3.5B$3.1B$2.6B$1.8B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2015.

Questions and answers

What was Palo Alto Networks's revenue in fiscal year 2026?

$11.48 billion, up 24.5% from $9.22 billion in fiscal year 2025.

How much profit does Palo Alto Networks make?

Palo Alto Networks reported net income of $307.00 million for fiscal year 2026 (2.7% of revenue); operating income was $695.00 million.

How much cash and debt does Palo Alto Networks have?

At the end of fiscal year 2026: cash and short-term investments of $3.07 billion and total debt of $2.50 billion.

What is Palo Alto Networks's free cash flow?

$4.11 billion in fiscal year 2026 (operating cash flow of $4.55 billion minus capital spending of $440.00 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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