Palo Alto Networks Q4 FY26: where the revenue came from and where it went

The whole income statement of Palo Alto Networks for this quarter, as one diagram: what earned the revenue, and what it went on.

Period: May 1 – Jul 31, 2026
Reported: Sep 10, 2026 10-K accession 0001327567-26-000023

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

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.

Source of the numbers: the totals in the filing, whose revenue split this site could not read (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

Filing on EDGAR More quarters of PANW

Palo Alto Networks Q4 FY26: where the revenue came from and where it went

The numbers

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