Palo Alto NetworksPANWEarnings & Financial Report
Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference.
PANW Q4 FY2026 Key Financial Metrics
Revenue
$2.6B
Gross Profit
$1.9B
Operating Profit
$397.0M
Net Profit
$432.0M
Gross Margin
73.6%
Operating Margin
15.3%
Net Margin
16.7%
YoY Growth
14.9%
EPS
$0.61
Palo Alto Networks Q4 FY2026 Financial Summary
Palo Alto Networks reported revenue of $2.6B (up 14.9% YoY) for Q4 FY2026, with a net profit of $432.0M (16.7% margin). Cost of goods sold was $685.0M, operating expenses totaled $1.5B.
Key Financial Metrics
| Total Revenue | $2.6B |
|---|---|
| Net Profit | $432.0M |
| Gross Margin | 73.6% |
| Operating Margin | 15.3% |
| Report Period | Q4 FY2026 |
Palo Alto Networks Annual Revenue by Year
Palo Alto Networks annual revenue history includes year-by-year totals (for example, 2025 revenue was $9.2B).
Palo Alto Networks Quarterly Revenue & Net Profit History
Palo Alto Networks results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2026 | $2.6B | +14.9% | $432.0M | 16.7% |
| Q2 FY2026 | $2.6B | +14.9% | $432.0M | 16.7% |
| Q1 FY2026 | $2.5B | +15.7% | $334.0M | 13.5% |
| Q4 FY2025 | $2.5B | +15.8% | $253.8M | 10.0% |
| Q3 FY2025 | $2.3B | +15.3% | $262.1M | 11.5% |
| Q2 FY2025 | $2.3B | +14.3% | $267.3M | 11.8% |
| Q1 FY2025 | $2.1B | +13.9% | $350.7M | 16.4% |
| Q4 FY2024 | $2.2B | +12.1% | $357.7M | 16.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.14B | $2.26B | $2.29B | $2.54B | $2.47B | $2.59B | $2.59B |
| YoY Growth | 12.1% | 13.9% | 14.3% | 15.3% | 15.8% | 15.7% | 14.9% | 14.9% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.99B | $20.37B | $20.95B | $22.00B | $23.58B | $23.54B | $24.98B | $24.98B |
| Liabilities | $14.82B | $14.46B | $14.58B | $14.77B | $15.75B | $14.87B | $15.59B | $15.59B |
| Equity | $5.17B | $5.91B | $6.38B | $7.23B | $7.82B | $8.66B | $9.39B | $9.39B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $512.7M | $1.51B | $556.9M | $628.7M | $1.02B | $1.77B | $554.0M |