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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) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Palo Alto Networks, Inc. (PANW) trades at a P/E ratio of 645×. Over the past ten years it has ranged from 0.0× (January 2023) to 1,774× (April 2023); the current reading is higher than 96% of that period. That is above the Software Infrastructure industry median of 28.4× and above the Technology sector median of 28.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2026 626× 518.52%
FY2025 101× 151.24%
FY2024 40.3× (76.79%)
FY2023 174× —
FY2022 0.0× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —

Quarterly newest first

Period P/E ratio Change
Jul 2026 626× 339.93%
Apr 2026 142× 51.71%
Jan 2026 93.8× (28.87%)
Oct 2025 132× 30.28%
43 more quarters

Against its own ten years

Low 0.0× High 1,774×
Ten-year median 0.0×
Current reading's percentile 89

P/E ratio against peers

Company P/E ratio
NET Cloudflare, Inc. compare n/m
ORCL Oracle Corporation compare 19.8×
FTNT Fortinet, Inc. compare 59.1×
SNPS Synopsys, Inc. compare 79.8×
XYZ Block, Inc. compare 134×
PLTR Palantir Technologies Inc. compare 148×
NBIS Nebius Group N.V. compare 636×
PANW Palo Alto Networks, Inc. 645×
CRWD CrowdStrike compare 6,460×
Software Infrastructure industry median 28.4×
Technology sector median 28.2×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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