Friday 6 November 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.

Revenue: +34.5%
EPS: −192.1%
Free cash flow: +34.3%

Quarter to July 2026, against a year earlier

313.40 1.27 −0.40%

Follow PANW

Alert me

Market cap: $257.6B
P/E: 597×
Fwd P/E: 232×
Dividend yield: —
F-score: 3/9
Altman Z: 7.45
Beneish M: −2.56
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Palo Alto Networks, Inc. (PANW) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Palo Alto Networks, Inc. (PANW) trades at a P/E ratio of 597×. 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 24.4× and above the Technology sector median of 25.7×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/PANW/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Palo Alto Networks, Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/PANW/metrics/pe-ratio">Palo Alto Networks, Inc. (PANW) P/E ratio — stockrow.com</a></p>

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×	—

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	Free account

Against its own ten years

Low 0.0× High 1,774×

Ten-year median 0.0×

Current reading's percentile 86

Company	P/E ratio
NET Cloudflare, Inc. compare	n/m
ORCL Oracle Corporation compare	17.9×
FTNT Fortinet, Inc. compare	39.5×
SNPS Synopsys, Inc. compare	77.5×
PLTR Palantir Technologies Inc. compare	102×
XYZ Block, Inc. compare	112×
NBIS Nebius Group N.V. compare	466×
PANW Palo Alto Networks, Inc.	597×
CRWD CrowdStrike compare	6,187×
Software Infrastructure industry median	24.4×
Technology sector median	25.7×
Market median	17.9×

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 →

Palo Alto Networks, Inc. (PANW) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on PANW

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on PANW

Stockrow Weekly