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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) Net margin

Alert me on Net margin

Palo Alto Networks, Inc.'s net margin over the twelve months to 31 July 2026 was 2.67%. Over the past ten years it has ranged from −14.2% (fiscal 2015) to 32.1% (fiscal 2024); the current reading is higher than 75% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2026 2.67% (9.63)
FY2025 12.3% (19.82)
FY2024 32.1% 25.74
FY2023 6.38% 11.23
FY2022 −4.85% 6.87
FY2021 −11.7% (3.89)
FY2020 −7.83% (5.01)
FY2019 −2.82% 2.55
FY2018 −5.37% 6.20
FY2017 −11.6% 2.41

Quarterly newest first

Period Net margin Change (points)
Jul 2026 −8.27% (2.37)
Apr 2026 −5.90% (22.55)
Jan 2026 16.7% 3.15
Oct 2025 13.5% 3.48
43 more quarters

Against its own ten years

Low −14.2% High 32.1%
Ten-year median −5.11%
Current reading's percentile 70

Net margin against peers

Company Net margin
PLTR Palantir Technologies Inc. compare 49.0%
FTNT Fortinet, Inc. compare 28.2%
ORCL Oracle Corporation compare 26.1%
SNPS Synopsys, Inc. compare 11.4%
NBIS Nebius Group N.V. compare 3.13%
PANW Palo Alto Networks, Inc. 2.67%
XYZ Block, Inc. compare 1.43%
CRWD CrowdStrike compare 0.83%
NET Cloudflare, Inc. compare −8.21%
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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