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) 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 0.00%.
Operating margin, annual
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Annual newest first
| 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 newest first
| 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 | Free account |
Against its own ten years
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% |
| XYZ Block, Inc. compare | 4.67% |
| CRWD CrowdStrike compare | −2.46% |
| NET Cloudflare, Inc. compare | −14.1% |
| NBIS Nebius Group N.V. compare | −50.5% |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 0.00% |
| 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
More on PANW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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- The full statement