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.
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Palo Alto Networks, Inc. (PANW) Gross margin
Palo Alto Networks, Inc.'s gross margin over the twelve months to 31 July 2026 was 70.4%. Over the past ten years it has ranged from 68.8% (fiscal 2022) to 74.4% (fiscal 2024); the current reading is higher than 25% of that period. That is above the Software Infrastructure industry median of 61.0% and above the Technology sector median of 47.2%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 70.4% | (3.06) |
| FY2025 | 73.4% | (0.93) |
| FY2024 | 74.4% | 2.06 |
| FY2023 | 72.3% | 3.53 |
| FY2022 | 68.8% | (1.29) |
| FY2021 | 70.1% | (0.63) |
| FY2020 | 70.7% | (1.44) |
| FY2019 | 72.1% | 0.49 |
| FY2018 | 71.6% | (1.23) |
| FY2017 | 72.9% | (0.30) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jul 2026 | 67.6% | 0.02 |
| Apr 2026 | 67.6% | (6.04) |
| Jan 2026 | 73.6% | (0.62) |
| Oct 2025 | 74.2% | 0.98 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| PLTR Palantir Technologies Inc. compare | 84.8% |
| FTNT Fortinet, Inc. compare | 80.2% |
| CRWD CrowdStrike compare | 75.2% |
| NBIS Nebius Group N.V. compare | 74.3% |
| NET Cloudflare, Inc. compare | 72.6% |
| SNPS Synopsys, Inc. compare | 72.4% |
| PANW Palo Alto Networks, Inc. | 70.4% |
| ORCL Oracle Corporation compare | 64.0% |
| XYZ Block, Inc. compare | 46.4% |
| Software Infrastructure industry median | 61.0% |
| Technology sector median | 47.2% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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