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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) Operating cash flow

Alert me on Operating cash flow

Palo Alto Networks, Inc.'s operating cash flow for fiscal 2026 was $4.6B, up 22.5% from $3.7B in fiscal 2025. Over the past ten years it has ranged from $352.8M (fiscal 2015) to $4.6B (fiscal 2026) — the current reading is the highest in ten years. Operating cash flow has risen for 6 consecutive fiscal years. Palo Alto Networks, Inc. ranks 5th of 169 Software Infrastructure companies by operating cash flow.

Operating cash flow, annual

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Annual newest first

Period Operating cash flow Change
FY2026 $4.6B 22.52%
FY2025 $3.7B 14.06%
FY2024 $3.3B 17.30%
FY2023 $2.8B 39.95%
FY2022 $2.0B 32.05%
FY2021 $1.5B 45.12%
FY2020 $1.0B (1.89%)
FY2019 $1.1B 1.69%
FY2018 $1.0B 19.49%
FY2017 $868.8M 31.92%

Quarterly newest first

Period Operating cash flow Change
Jul 2026 $1.4B 55.80%
Apr 2026 $871.0M 57.22%
Jan 2026 $554.0M (68.72%)
Oct 2025 $1.8B 73.46%
43 more quarters

Against its own ten years

Low $352.8M High $4.6B
Ten-year median $1.3B
Current reading's percentile 100

Operating cash flow against peers

Company Operating cash flow
ORCL Oracle Corporation compare $46.9B
NBIS Nebius Group N.V. compare $5.3B
PANW Palo Alto Networks, Inc. $4.6B
XYZ Block, Inc. compare $4.1B
PLTR Palantir Technologies Inc. compare $3.4B
FTNT Fortinet, Inc. compare $3.4B
SNPS Synopsys, Inc. compare $2.9B
CRWD CrowdStrike compare $2.0B
NET Cloudflare, Inc. compare $633.4M

What Operating cash flow is

Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.

Reported line item

The full definition of Operating cash flow →

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