15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $11.5B | $307M | 70.4% | 6.1% | 1.1% | 0.6% | $4.1B | — | $2.5B |
| 2025 | $9.2B | $1.1B | 73.4% | 13.5% | 14.5% | 4.8% | $3.5B | — | $2.3B |
| 2024 | $8.0B | $2.6B | 74.3% | 8.5% | 49.9% | 12.9% | $3.1B | — | $1.5B |
| 2023 | $6.9B | $440M | 72.3% | 5.6% | 25.2% | 3.0% | $2.6B | $2.0B | $1.1B |
| 2022 | $5.5B | -$267M | 68.8% | -3.4% | -127.1% | -2.2% | $1.8B | $3.7B | $2.1B |
| 2021 | $4.3B | -$499M | 70.0% | -7.1% | -78.6% | -4.9% | $1.4B | $3.2B | $1.9B |
| 2020 | $3.4B | -$267M | 70.7% | -5.3% | -24.2% | -2.9% | $821M | $3.1B | $3.0B |
| 2019 | $2.9B | -$82M | 72.1% | -1.9% | -5.2% | -1.2% | $924M | $1.4B | $961M |
| 2018 | $2.3B | -$122M | 71.6% | -4.6% | -10.5% | -2.1% | $926M | $1.9B | $2.5B |
| 2017 | $1.8B | -$203M | 72.9% | -9.4% | -26.7% | -5.9% | $705M | $525M | $744M |
| 2016 | — | -$193M | — | — | -21.5% | -6.7% | $586M | $500M | $734M |
| 2015 | — | -$131M | — | — | -26.9% | -6.7% | $319M | $487M | $376M |
| 2014 | — | -$227M | — | — | -48.3% | -15.3% | $52M | $467M | $654M |
| 2013 | — | -$29M | — | — | -10.7% | -5.0% | $92M | — | $311M |
| 2012 | — | $737000 | — | — | 0.3% | 0.2% | $63M | — | $323M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jul '26 | $3.4B | -$282M | 67.6% | 5.0% | -1.0% | -0.6% | $1.3B | — | $2.5B |
| Apr '26 | $3.0B | -$177M | 67.6% | -6.1% | -0.6% | -0.4% | $788M | — | $2.4B |
| Jan '26 | $2.6B | $432M | 73.6% | 15.3% | 4.6% | 1.7% | $384M | — | $4.2B |
| Oct '25 | $2.5B | $334M | 74.2% | 12.5% | 3.9% | 1.4% | $1.7B | — | $3.1B |
| Jul '25 | $2.5B | $254M | 73.2% | 19.6% | 3.2% | 1.1% | $934M | — | $2.3B |
| Apr '25 | $2.3B | $262M | 73.0% | 9.6% | 3.6% | 1.2% | $560M | — | $2.4B |
| Jan '25 | $2.3B | $267M | 73.5% | 10.7% | 4.2% | 1.3% | $509M | — | $2.2B |
| Oct '24 | $2.1B | $351M | 74.1% | 13.4% | 5.9% | 1.7% | $1.5B | — | $2.3B |
| Jul '24 | $2.2B | $358M | 73.8% | 10.9% | 6.9% | 1.8% | $465M | — | $1.5B |
| Apr '24 | $2.0B | $279M | 74.1% | 8.9% | 6.2% | 1.6% | $492M | — | $1.4B |
| Jan '24 | $2.0B | $1.7B | 74.7% | 2.7% | 40.1% | 9.6% | $655M | — | $1.8B |
| Oct '23 | $1.9B | $194M | 74.8% | 11.5% | 8.9% | 1.3% | $1.5B | — | $2.5B |
| Jul '23 | $2.0B | $228M | 74.1% | 13.0% | 13.0% | 1.6% | $377M | $2.0B | $1.1B |
| Apr '23 | $1.7B | $108M | 72.4% | 4.6% | 8.7% | 0.8% | $401M | $3.7B | $2.0B |
| Jan '23 | $1.7B | $84M | 71.8% | 2.4% | 11.6% | 0.6% | $656M | $3.7B | $1.3B |
| Oct '22 | $1.6B | $20M | 70.5% | 1.0% | 3.9% | 0.2% | $1.2B | $3.7B | $2.1B |
| Jul '22 | $1.6B | $3M | 68.2% | 1.0% | 1.6% | 0.0% | $485M | $3.7B | $2.1B |
| Apr '22 | $1.4B | -$73M | 68.2% | -3.4% | -21.7% | -0.7% | $351M | $3.7B | $2.4B |
| Jan '22 | $1.3B | -$94M | 69.2% | -5.6% | -79.4% | -0.9% | $402M | $3.7B | $1.9B |
| Oct '21 | $1.2B | -$104M | 69.5% | -6.6% | -20.0% | -1.0% | $554M | $3.7B | $2.3B |
How the market has priced PANW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Palo Alto Networks's revenue has grown 22.0% per year. These are computed facts, not advice.
As of FY2026, Palo Alto Networks reported — of total debt against $2.5B of cash.
In FY2026, gross margin was 70.4%, operating margin 6.1%, and net margin 2.7%.
As of Sep '26, Palo Alto Networks traded at a price-to-earnings ratio of about 885.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.