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Saturday 17 October 2026 Export PANW’s income statement to Excel — free account

Palo Alto Networks, Inc.

PANW Technology Software Infrastructure

Palo Alto Networks, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $11.5 billion, up 24.5% from fiscal 2025. In the quarter to July 2026, revenue grew 34.5%, EPS fell 192.1%, free cash flow grew 34.3% and total debt rose 174.7%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

342.00 28.27 −7.63%
Market cap
$302.9B
P/E
645×
Fwd P/E
135×
Dividend yield
—
F-score
3/9
Altman Z
7.45
Beneish M
−2.56
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Palo Alto Networks, Inc. (PANW) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Palo Alto Networks, Inc. (PANW) trades at a EV/EBITDA of 118×. Over the past ten years it has ranged from 0.0× (July 2017) to 465× (October 2017); the current reading is higher than 88% of that period. That is above the Software Infrastructure industry median of 13.9× and above the Technology sector median of 15.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2026 114× 112.23%
FY2025 53.9× (25.46%)
FY2024 72.4× 3.98%
FY2023 69.6× (26.59%)
FY2022 94.8× 10.83%
FY2021 85.5× 40.23%
FY2020 61.0× 13.63%
FY2019 53.7× (44.92%)
FY2018 97.5× (75.96%)
FY2017 405× —

Quarterly newest first

Period EV/EBITDA Change
Jul 2026 114× 75.67%
Apr 2026 65.2× 24.87%
Jan 2026 52.2× (23.28%)
Oct 2025 68.0× 26.11%
43 more quarters

Against its own ten years

Low 0.0× High 465×
Ten-year median 68.0×
Current reading's percentile 88

EV/EBITDA against peers

Company EV/EBITDA
NET Cloudflare, Inc. compare n/m
ORCL Oracle Corporation compare 13.6×
SNPS Synopsys, Inc. compare 34.3×
FTNT Fortinet, Inc. compare 41.1×
PANW Palo Alto Networks, Inc. 118×
XYZ Block, Inc. compare 133×
PLTR Palantir Technologies Inc. compare 164×
NBIS Nebius Group N.V. compare 331×
CRWD CrowdStrike compare 352×
Software Infrastructure industry median 13.9×
Technology sector median 15.3×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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