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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) Revenue growth

Alert me on Revenue growth

Palo Alto Networks, Inc.'s revenue growth over the twelve months to 31 July 2026 was 24.5%. Over the past ten years it has ranged from 14.9% (fiscal 2025) to 55.2% (fiscal 2015); the current reading is higher than 33% of that period. That is above the Software Infrastructure industry median of 13.4% and above the Technology sector median of 12.0%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2026 24.5% 9.63
FY2025 14.9% (1.59)
FY2024 16.5% (8.83)
FY2023 25.3% (3.97)
FY2022 29.3% 4.39
FY2021 24.9% 7.32
FY2020 17.6% (9.98)
FY2019 27.5% (2.01)
FY2018 29.5% 2.22
FY2017 27.3% (21.21)

Quarterly newest first

Period Revenue growth Change (points)
Jul 2026 34.5% 3.31
Apr 2026 31.2% 16.22
Jan 2026 14.9% (0.73)
Oct 2025 15.7% (0.19)
43 more quarters

Against its own ten years

Low 14.9% High 55.2%
Ten-year median 26.3%
Current reading's percentile 33

Revenue growth against peers

Company Revenue growth
NBIS Nebius Group N.V. compare 511.5%
PLTR Palantir Technologies Inc. compare 78.9%
SNPS Synopsys, Inc. compare 46.3%
NET Cloudflare, Inc. compare 33.5%
PANW Palo Alto Networks, Inc. 24.5%
CRWD CrowdStrike compare 24.3%
ORCL Oracle Corporation compare 21.6%
FTNT Fortinet, Inc. compare 18.8%
XYZ Block, Inc. compare 5.07%
Software Infrastructure industry median 13.4%
Technology sector median 12.0%
Market median 7.41%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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