Palo Alto Networks, Inc.
PANW · Nasdaq
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $11.48B | $9.22B | $8.03B | $6.89B | $5.50B | $4.26B | $3.41B | $2.90B |
| Cost of Revenue | $3.40B | $2.45B | $2.06B | $1.91B | $1.72B | $1.27B | $999.50M | $808.40M |
| Gross Profit | $8.08B | $6.77B | $5.97B | $4.98B | $3.78B | $2.98B | $2.41B | $2.09B |
| Research & Development | $2.55B | $1.98B | $1.81B | $1.60B | $1.42B | $1.14B | $768.10M | $539.50M |
| Selling, General & Administrative | $899.00M | $443.00M | $680.00M | $447.70M | $405.00M | $391.10M | $299.60M | $261.80M |
| Operating Expenses | $7.38B | $5.53B | $5.28B | $4.60B | $3.97B | $3.29B | $2.59B | $2.15B |
| Operating Income | $695.00M | $1.24B | $684.00M | $387.30M | -$188.80M | -$304.10M | -$179.00M | -$54.10M |
| Interest Expense | — | $3.00M | $8.30M | $27.20M | $27.40M | $163.30M | $88.70M | $83.90M |
| Other Income / (Expense) | $64.00M | $25.00M | -$6.00M | -$10.30M | -$8.40M | -$700.00K | $1.20M | -$2.90M |
| Income Before Taxes | $536.00M | $1.60B | $988.00M | $566.30M | -$207.20M | -$465.00M | -$231.80M | -$74.60M |
| Provision for Income Taxes | $229.00M | $462.00M | -$1.59B | $126.60M | $59.80M | $33.90M | $35.20M | $7.30M |
| Net Income | $307.00M | $1.13B | $2.58B | $439.70M | -$267.00M | -$498.90M | -$267.00M | -$81.90M |
| Basic EPS | $0.41 | $1.71 | $4.04 | $0.73 | -$0.90 | -$1.73 | -$2.76 | -$0.87 |
| Diluted EPS | $0.40 | $1.60 | $3.64 | $0.64 | -$0.90 | -$1.73 | -$2.76 | -$0.87 |
| Basic Shares Outstanding | 749.00M | 663.00M | 638.00M | 606.40M | 295.60M | 289.10M | 96.90M | 94.50M |
| Diluted Shares Outstanding | 764.00M | 709.00M | 708.00M | 684.50M | 295.60M | 289.10M | 96.90M | 94.50M |
Analyst Estimates
| Period | Consensus EPS | Low | High | Estimates | Revisions |
|---|---|---|---|---|---|
| Jul 2026 | $2.01 | $1.85 | $2.12 | 19 | ↑0 ↓1 |
| Jul 2027 | $2.29 | $2.11 | $2.52 | 18 | ↑12 ↓4 |
| Jul 2028 | $2.78 | $2.51 | $3.39 | 15 | ↑2 ↓2 |
| Jul 2029 | $3.46 | $2.78 | $4.20 | 4 | ↑0 ↓0 |
