Palo Alto Networks, Inc.
PANW · NASDAQ
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 5.50B | 3.78B | -188.80M | -267.00M | -0.45 |
| 2023 FY | 6.89B | 4.98B | 387.30M | 439.70M | 0.73 |
| 2024 FY | 8.03B | 5.97B | 683.90M | 2.58B | 4.04 |
| 2025 FY | 9.22B | 6.77B | 1.24B | 1.13B | 1.71 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 12.25B | 12.04B | 2.12B | 3.95B | 210.00M |
| 2023 FY | 14.50B | 12.75B | 1.14B | 2.27B | 1.75B |
| 2024 FY | 19.99B | 14.82B | 1.54B | 1.34B | 5.17B |
| 2025 FY | 23.58B | 15.75B | 2.27B | 338.20M | 7.82B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 1.98B | -192.80M | 1.79B | — | 244.70M |
| 2023 FY | 2.78B | -146.30M | 2.63B | — | -982.60M |
| 2024 FY | 3.26B | -156.80M | 3.10B | — | 404.60M |
| 2025 FY | 3.72B | -246.20M | 3.47B | — | 732.40M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 50.00B | 51.84B | — | — | — |
| 2023 FY | 75.79B | 76.92B | — | — | — |
| 2024 FY | 103.66B | 103.47B | — | — | — |
| 2025 FY | 115.01B | 113.08B | — | — | — |
| 2026-07-31 | — | — | — | — | — |
| 2027-07-31 | — | — | — | — | — |
| 2028-07-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q4 | 2.54B | 1.86B | 497.20M | 253.80M | 0.38 |
| 2026 Q1 | 2.47B | 1.84B | 309.00M | 334.00M | 0.49 |
| 2026 Q2 | 2.59B | 1.91B | 400.00M | 432.00M | 0.61 |
| 2026 Q3 | 3.00B | 2.03B | -183.00M | -177.00M | -0.29 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q4 | 23.58B | 15.75B | 2.28B | 417.40M | 7.82B |
| 2026 Q1 | 23.54B | 14.87B | 3.08B | 692.00M | 8.67B |
| 2026 Q2 | 24.98B | 15.59B | 4.16B | 372.00M | 9.39B |
| 2026 Q3 | 46.27B | 18.60B | 2.36B | 2.07B | 27.67B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q4 | 1.02B | 159.90M | 1.18B | — | -115.80M |
| 2026 Q1 | 1.77B | -84.00M | 1.69B | — | 796.00M |
| 2026 Q2 | 554.00M | 84.00M | 638.00M | — | 1.09B |
| 2026 Q3 | 871.00M | -83.00M | 788.00M | — | -1.79B |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q4 | 116.21B | 114.35B | — | — | — |
| 2026 Q1 | 149.54B | 147.16B | — | — | — |
| 2026 Q2 | 122.99B | 119.21B | — | — | — |
| 2026 Q3 | 130.72B | 130.43B | — | — | — |
| 2026-07-31 | — | — | — | — | — |
| 2026-10-31 | — | — | — | — | — |
| 2027-01-31 | — | — | — | — | — |