Palo Alto Networks financials
$388.41−0.94%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q4 '26 Jul 31 | Q3 '26 Apr 30 | Q2 '26 Jan 31 | Q1 '26 Oct 31 | Q4 '25 Jul 31 | Q3 '25 Apr 30 | Q2 '25 Jan 31 | Q1 '25 Oct 31 | Q4 '24 Jul 31 | Q3 '24 Apr 30 | Q2 '24 Jan 31 | Q1 '24 Oct 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.41B | $3.00B | $2.59B | $2.47B | $2.54B | $2.29B | $2.26B | $2.14B | $2.19B | $1.98B | $1.98B | $1.88B |
| Gross profit | $2.30B | $2.03B | $1.91B | $1.84B | $1.86B | $1.67B | $1.66B | $1.58B | $1.62B | $1.47B | $1.48B | $1.41B |
| Gross margin | 67.6% | 67.6% | 73.6% | 74.2% | 73.2% | 73.0% | 73.5% | 74.1% | 73.8% | 74.1% | 74.7% | 74.8% |
| Operating income | $172.0M | -$183.0M | $397.0M | $309.0M | $497.0M | $219.0M | $241.0M | $286.0M | $238.4M | $176.7M | $53.6M | $215.2M |
| Net income | -$282.0M | -$177.0M | $432.0M | $334.0M | $254.0M | $262.0M | $267.0M | $351.0M | $357.7M | $278.8M | $1.75B | $194.2M |
| Net margin | −8.3% | −5.9% | 16.7% | 13.5% | 10.0% | 11.4% | 11.8% | 16.4% | 16.3% | 14.0% | 88.4% | 10.3% |
| Diluted EPS | $-0.34 | $-0.22 | $0.61 | $0.47 | $0.36 | $0.37 | $0.38 | $0.49 | $0.34 | $0.39 | $2.44 | $0.28 |
| EBITDA | $513.0M | -$110.0M | $623.0M | $524.0M | $581.0M | $82.0M | $443.0M | $480.0M | $238.4M | $361.3M | $231.1M | $385.0M |
| Operating cash flow | $1.36B | $871.0M | $554.0M | $1.77B | $1.02B | $628.0M | $557.0M | $1.51B | $512.7M | $528.9M | $690.0M | $1.53B |
| Free cash flow | $1.25B | $788.0M | $384.0M | $1.69B | $934.0M | $560.0M | $509.0M | $1.47B | $465.3M | $491.5M | $654.8M | $1.49B |
| Diluted shares | 835.0M | 801.0M | 711.0M | 709.0M | 711.0M | 707.0M | 709.0M | 709.0M | 1,057.9M | 709.3M | 715.0M | 699.6M |
Balance sheet
| Period end | Jul 31 | Apr 30 | Jan 31 | Oct 31 | Jul 31 | Apr 30 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.51B | $2.36B | $4.16B | $3.07B | $2.27B | $2.38B |
| Short-term investments | $557.0M | $747.0M | $378.0M | $1.14B | $635.0M | $916.8M |
| Total debt | $1.77B | $1.35B | $0.00 | $0.00 | $0.00 | $383.2M |
| Total assets | $48.46B | $46.27B | $24.98B | $23.54B | $23.58B | $22.00B |
| Total liabilities | $20.97B | $18.60B | $15.59B | $14.87B | $15.75B | $14.77B |
| Shareholders' equity | $27.49B | $27.67B | $9.39B | $8.66B | $7.82B | $7.23B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology