PANW
Palo Alto Networks, Inc.
NASDAQ · USTechnologySoftware - Infrastructure
$348.66-2.79%
Price as of Jul 20, 2026
PANW financials
Palo Alto Networks, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $9.2B | $8.0B | $6.9B | $5.5B |
| Cost of revenue | $2.5B | $2.1B | $1.9B | $1.7B |
| Gross profit | $6.8B | $6.0B | $5.0B | $3.8B |
| Operating expenses | $5.5B | $5.3B | $4.6B | $4.0B |
| Operating income | $1.2B | $683.9M | $387.3M | -$188.8M |
| Net income | $1.1B | $2.6B | $439.7M | -$267.0M |
| EBITDA | $1.9B | $1.3B | $869.0M | $95.6M |
| Basic EPS | $1.71 | $4.04 | $0.73 | $-0.45 |
| Diluted EPS | $1.60 | $3.64 | $0.64 | $-0.45 |
| Balance sheet | ||||
| Cash & equivalents | $2.3B | $1.5B | $1.1B | $2.1B |
| Total assets | $23.6B | $20.0B | $14.5B | $12.3B |
| Total liabilities | $15.8B | $14.8B | $12.8B | $12.0B |
| Stockholders’ equity | $7.8B | $5.2B | $1.7B | $210.0M |
| Total debt | $338.2M | $1.3B | $2.3B | $4.0B |
| Net debt | -$1.9B | -$190.8M | $1.1B | $1.8B |
| Cash flow | ||||
| Operating cash flow | $3.7B | $3.3B | $2.8B | $2.0B |
| Capital expenditure | -$246.2M | -$156.8M | -$146.3M | -$192.8M |
| Free cash flow | $3.5B | $3.1B | $2.6B | $1.8B |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | $0.00 | -$566.7M | -$272.7M | -$892.3M |