Palo Alto Networks Cash Flow Statement
NASDAQ: PANWTechnologyComputer peripheral equipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Palo Alto Networks free cash flow
In fiscal 2026, Palo Alto Networks generated $4.55 billion of operating cash flow and spent $440.0 million on capital expenditures. That left free cash flow of $4.11 billion, a free-cash-flow margin of 35.8% of revenue. Free cash flow was up 18.6% from the prior year's $3.47 billion.
Palo Alto Networks returned $1.00 billion to shareholders through share repurchases, equal to 24% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
Palo Alto Networks cash flow statement (annual)
| Fiscal year (USD) | FY 20262026-07-31 | FY 20252025-07-31 | FY 20242024-07-31 | FY 20232023-07-31 | FY 20222022-07-31 | FY 20212021-07-31 | FY 20202020-07-31 | FY 20192019-07-31 | FY 20182018-07-31 | FY 20172017-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 307.00M | 1.13B | 2.58B | 439.70M | -267.00M | -498.90M | -267.00M | -81.90M | -122.20M | -203.00M |
| Net Income growth (YoY) | -72.93% | -56.01% | +486.31% | — | — | — | — | — | — | — |
| Depreciation & Amortization | 855.00M | 343.00M | 284.00M | 282.20M | 282.60M | 260.40M | 206.10M | 153.80M | 96.40M | 59.80M |
| Stock-Based Compensation | 1.77B | 1.29B | 1.08B | 1.07B | 1.01B | 894.50M | 658.40M | 567.70M | 496.70M | 474.50M |
| Change in Working Capital | 771.00M | 1.09B | 1.88B | 1.71B | 1.03B | 985.40M | 443.30M | 542.40M | 253.50M | 285.10M |
| Operating Cash Flow | 4.55B | 3.72B | 3.26B | 2.78B | 1.98B | 1.50B | 1.04B | 1.06B | 1.04B | 868.80M |
| Capital Expenditures | -440.00M | -247.00M | -157.00M | -146.30M | -192.80M | -116.00M | -214.40M | -131.20M | -112.00M | -163.40M |
| Investing Cash Flow | -3.10B | -2.21B | -1.51B | -2.03B | -933.40M | -1.48B | 288.00M | -1.83B | -520.00M | -472.60M |
| Share Repurchases | -1.00B | 0 | -567.00M | -272.70M | -892.30M | -1.18B | -1.20B | -330.00M | -259.10M | -411.00M |
| Financing Cash Flow | -1.20B | -779.00M | -1.34B | -1.73B | -806.60M | -1.10B | 673.00M | -773.90M | 1.25B | -386.00M |
| Net Change in Cash | 244.00M | 732.00M | 405.00M | -982.60M | 244.70M | -1.08B | 2.00B | -1.54B | 1.76B | 10.20M |
| Free Cash Flow | 4.11B | 3.47B | 3.10B | 2.63B | 1.79B | 1.39B | 821.30M | 924.40M | 926.10M | 705.40M |
This table shows 10 annual periods of Palo Alto Networks's cash flow statement, from FY 2026 back to FY 2017, across 11 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow PANW's reporting calendar. What is a cash flow statement?