Palo Alto Networks, Inc. PANW

374.74 (15.18) (3.89%) as of 25 Sep
Market cap
$316.8B
P/E
706×
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Palo Alto Networks, Inc. (PANW) Operating margin

Palo Alto Networks, Inc.'s operating margin over the twelve months to 31 July 2026 was 6.05%. Over the past ten years it has ranged from −11.4% (fiscal 2016) to 13.5% (fiscal 2025); the current reading is higher than 83% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.08%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2026 6.05% (7.43)
FY2025 13.5% 4.96
FY2024 8.52% 2.90
FY2023 5.62% 9.05
FY2022 −3.43% 3.72
FY2021 −7.15% (1.90)
FY2020 −5.25% (3.38)
FY2019 −1.87% 2.71
FY2018 −4.58% 4.87
FY2017 −9.45% 1.96

Quarterly

Period Operating margin Change (points)
Jul 2026 5.04% 11.14
Apr 2026 −6.10% (21.40)
Jan 2026 15.3% 2.81
Oct 2025 12.5% (7.11)
43 more quarters

Against its own ten years

Low −11.4% High 13.5%
Ten-year median −4.01%
Current reading's percentile 83

Operating margin against peers

Company Operating margin
PLTR Palantir Technologies Inc. compare 42.8%
FTNT Fortinet, Inc. compare 32.4%
ORCL Oracle Corporation compare 32.1%
SNPS Synopsys, Inc. compare 8.52%
PANW Palo Alto Networks, Inc. 6.05%
CRWD CrowdStrike compare −2.46%
CRWV CoreWeave Inc. compare −3.04%
NET Cloudflare, Inc. compare −14.1%
NBIS Nebius Group N.V. compare −50.5%
Software Infrastructure industry median 0.00%
Technology sector median 0.08%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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