Palo Alto Networks Inc financials
Key figures from Palo Alto Networks Inc's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | Jul 2026* | Jul 2025 | Change |
|---|---|---|---|
| Revenue | $3.4B | $2.5B | +34.5% |
| Net income | -$282M | $254M | -211.0% |
| Free cash flow | $1.3B | $934M | +34.3% |
| Gross margin | 67.6% | 73.2% | -5.7 pts |
| Operating margin | 5.0% | 19.6% | -14.6 pts |
| Net margin | -8.3% | 10.0% | -18.3 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Jul 2026 | $11.5B | $307M | 2.7% | $4.1B | $0.40 |
| FY Jul 2025 | $9.2B | $1.1B | 12.3% | $3.5B | $1.60 |
| FY Jul 2024 | $8.0B | $2.6B | 32.1% | $3.1B | $3.64 |
| FY Jul 2023 | $6.9B | $440M | 6.4% | $2.6B | $0.64 |
| FY Jul 2022 | $5.5B | -$267M | -4.9% | $1.8B | -$0.90 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.