FINHUB Insights

PANW · Q1 FY26 · Aug 1 – Oct 31, 2025

Palo Alto Networks Q1 FY26: where the revenue came from and where it went

Palo Alto Networks Q1 FY26: revenue $2.5B (+16% year over year). Net profit $0.3B. Largest cohort US $1.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Aug 1 – Oct 31, 2025
Reported
Nov 20, 2025 10-Q
Sankey diagram of Palo Alto Networks's income statement for Q1 FY26: revenue of $2.5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.5B +16% year over year
Gross profit$1.8B 74% margin
Operating profit$0.3B 12% margin
Net profit$0.3B 14% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Oct 31, 2025).
ItemValueShare of revenueYear over year
Revenue 2.5 100% +16%
US 1.5 60% +14%
EMEA 0.5 20% +18%
Asia Pacific 0.3 12% +22%
Other Americas 0.1 4% +17%
Cost of revenue−0.624%
Gross profit1.874% margin+0pp
Research & development−0.521%−1pp
Sales & marketing−0.833%−1pp
G&A−0.27%+3pp
Operating profit0.312% margin−1pp
Tax−0.1
Net profit0.314%−3pp
Filing on EDGAR More quarters of PANW

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters