Palo Alto Networks financials
$388.41−0.94%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY26 Jul 31 | FY25 Jul 31 | FY24 Jul 31 | FY23 Jul 31 | FY22 Jul 31 | FY21 Jul 31 | FY20 Jul 31 | FY19 Jul 31 | FY18 Jul 31 | FY17 Jul 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.48B | $9.22B | $8.03B | $6.89B | $5.50B | $4.26B | $3.41B | $2.90B | $2.27B | $1.76B |
| Gross profit | $8.08B | $6.77B | $5.97B | $4.98B | $3.78B | $2.98B | $2.41B | $2.09B | $1.63B | $1.28B |
| Gross margin | 70.4% | 73.4% | 74.3% | 72.3% | 68.8% | 70.0% | 70.7% | 72.1% | 71.6% | 72.9% |
| Operating income | $695.0M | $1.24B | $684.0M | $387.3M | -$188.8M | -$304.1M | -$179.0M | -$54.1M | -$104.2M | -$165.8M |
| Net income | $307.0M | $1.13B | $2.58B | $439.7M | -$267.0M | -$498.9M | -$267.0M | -$81.9M | -$122.2M | -$203.0M |
| Net margin | 2.7% | 12.3% | 32.1% | 6.4% | −4.9% | −11.7% | −7.8% | −2.8% | −5.4% | −11.6% |
| Diluted EPS | $0.40 | $1.60 | $3.64 | $0.64 | $-0.45 | $-0.86 | $-0.46 | $-0.14 | $-0.22 | $-0.37 |
| EBITDA | $1.55B | $1.59B | $968.0M | $1.08B | $455.9M | $298.8M | $328.9M | $323.5M | $142.0M | $1.4M |
| Operating cash flow | $4.55B | $3.72B | $3.26B | $2.78B | $1.98B | $1.50B | $1.04B | $1.06B | $1.04B | $868.8M |
| Free cash flow | $4.11B | $3.47B | $3.10B | $2.63B | $1.79B | $1.39B | $821.3M | $924.4M | $926.1M | $705.4M |
| Diluted shares | 764.0M | 709.0M | 708.0M | 684.5M | 591.2M | 578.2M | 581.4M | 567.0M | 550.2M | 543.6M |
Balance sheet
| Period end | Jul 31 | Jul 31 | Jul 31 | Jul 31 | Jul 31 | Jul 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.51B | $2.27B | $1.54B | $1.14B | $2.12B | $1.87B |
| Short-term investments | $557.0M | $635.0M | $1.04B | $1.25B | $1.52B | $1.03B |
| Total debt | $1.77B | $0.00 | $963.9M | $1.99B | $3.68B | $3.23B |
| Total assets | $48.46B | $23.58B | $19.99B | $14.50B | $12.25B | $10.24B |
| Total liabilities | $20.97B | $15.75B | $14.82B | $12.75B | $12.04B | $9.48B |
| Shareholders' equity | $27.49B | $7.82B | $5.17B | $1.75B | $210.0M | $634.5M |
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