Palo Alto Networks

PANW Information Technology Market cap $305B as of Sep 14, 2026 16:00 ET S&P 500

Q4 FY26 May 1 – Jul 31, 2026 reported Sep 10, 2026

Revenue$3.41B +34% year over year

Gross profit$2.30B 68% margin

Operating profit$0.17B 5% margin

Net profit−$0.28B −8% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q4 FY26 (period ends Jul 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.41	100%	+34%
Cost of revenue	−1.11	32%
Gross profit	2.30	68% margin	−6pp
R&D	−0.78	23%	+3pp
Sales & marketing	−1.13	33%	+0pp
G&A	−0.23	7%	+6pp
Operating profit	0.17	5% margin	−15pp
Interest & other costs	−0.45
Net profit	−0.28	−8% margin	−18pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jan 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.59	100%	+15%
US	1.59	61%	+13%
EMEA	0.56	22%	+17%
Asia Pacific	0.32	12%	+17%
Other Americas	0.12	5%	+22%
Cost of revenue	−0.69	26%
Gross profit	1.91	74% margin	+0pp
R&D	−0.51	19%	−3pp
Sales & marketing	−0.82	32%	−2pp
G&A	−0.18	7%	+0pp
Operating profit	0.40	15% margin	+5pp
Other income, net	0.15
Tax	−0.12
Net profit	0.43	17% margin	+5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Oct 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.47	100%	+16%
US	1.53	62%	+14%
EMEA	0.52	21%	+18%
Asia Pacific	0.31	12%	+22%
Other Americas	0.12	5%	+17%
Cost of revenue	−0.64	26%
Gross profit	1.84	74% margin	+0pp
R&D	−0.53	22%	−1pp
Sales & marketing	−0.82	33%	−1pp
G&A	−0.18	7%	+3pp
Operating profit	0.31	12% margin	−1pp
Other income, net	0.10
Tax	−0.08
Net profit	0.33	14% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Jul 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.54	100%	+16%
US	1.62	64%	+15%
EMEA	0.52	20%	+19%
Asia Pacific	0.29	11%	+13%
Other Americas	0.11	5%	+24%
Cost of revenue	−0.68	27%
Gross profit	1.86	73% margin	−1pp
R&D	−0.50	20%	−3pp
Sales & marketing	−0.83	33%	−1pp
G&A	−0.03	1%	−5pp
Operating profit	0.50	20% margin	+9pp
Other income, net	0.10
Tax	−0.34
Net profit	0.25	10% margin	−6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Apr 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.29	100%	+15%
US	1.42	62%	+12%
EMEA	0.48	21%	+20%
Asia Pacific	0.28	12%	+23%
Other Americas	0.11	5%	+18%
Cost of revenue	−0.62	27%
Gross profit	1.67	73% margin	−1pp
R&D	−0.49	21%	−1pp
Sales & marketing	−0.79	35%	−2pp
G&A	−0.16	7%	+1pp
Operating profit	0.22	10% margin	+1pp
Other income, net	0.09
Tax	−0.05
Net profit	0.26	11% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q4 FY26 May 1 – Jul 31, 2026 reported Sep 10, 2026 Operating margin 5% Net profit −$0.28B	May 1 – Jul 31, 2026	Sep 10, 2026	$3.41B	+34%	5%	−$0.28B	−8%
Q2 FY26 Nov 1, 2025 – Jan 31, 2026 reported Feb 18, 2026 Operating margin 15% Net profit $0.43B	Nov 1, 2025 – Jan 31, 2026	Feb 18, 2026	$2.59B	+15%	15%	$0.43B	17%
Q1 FY26 Aug 1 – Oct 31, 2025 reported Nov 20, 2025 Operating margin 12% Net profit $0.33B	Aug 1 – Oct 31, 2025	Nov 20, 2025	$2.47B	+16%	12%	$0.33B	14%
Q4 FY25 May 1 – Jul 31, 2025 reported Aug 29, 2025 Operating margin 20% Net profit $0.25B	May 1 – Jul 31, 2025	Aug 29, 2025	$2.54B	+16%	20%	$0.25B	10%
Q3 FY25 Feb 1 – Apr 30, 2025 reported May 21, 2025 Operating margin 10% Net profit $0.26B	Feb 1 – Apr 30, 2025	May 21, 2025	$2.29B	+15%	10%	$0.26B	11%