Palo Alto Networks Quarterly Income Statement
NASDAQ: PANWTechnologyComputer peripheral equipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Palo Alto Networks revenue and earnings
In the quarter ended Jul 31, 2026, Palo Alto Networks generated $3.41 billion in revenue, up 34.5% from the same quarter a year earlier. Palo Alto Networks reported a net loss of $282.0 million, compared with net income of $254.0 million a year earlier. Gross margin was 67.6% (down from 73.2%) and operating margin 5.0%.
Diluted earnings per share came in at -$0.46, down from $0.36.
Summary generated from market data by MetaCap's automated system. Methodology
Palo Alto Networks income statement (quarterly)
| Quarter (USD) | Q4 20262026-07-31 | Q3 20262026-04-30 | Q2 20262026-01-31 | Q1 20262025-10-31 | Q4 20252025-07-31 | Q3 20252025-04-30 | Q2 20252025-01-31 | Q1 20252024-10-31 | Q4 20242024-07-31 | Q3 20242024-04-30 | Q2 20242024-01-31 | Q1 20242023-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.41B | 3.00B | 2.59B | 2.47B | 2.54B | 2.29B | 2.26B | 2.14B | 2.19B | 1.98B | 1.98B | 1.88B |
| Revenue growth (YoY) | +34.46% | +31.15% | +14.93% | +15.66% | +15.85% | +15.33% | +14.27% | +13.89% | +12.07% | +15.33% | +19.33% | +20.13% |
| Cost of Revenue | 1.11B | 974.00M | 685.00M | 638.00M | 679.00M | 619.00M | 599.00M | 554.00M | 573.50M | 513.60M | 499.10M | 472.80M |
| Gross Profit | 2.30B | 2.03B | 1.91B | 1.84B | 1.86B | 1.67B | 1.66B | 1.58B | 1.62B | 1.47B | 1.48B | 1.41B |
| Operating Expenses | 2.13B | 2.21B | 1.51B | 1.53B | 1.36B | 1.45B | 1.42B | 1.30B | 1.38B | 1.29B | 1.42B | 1.19B |
| Research & Development | 779.00M | 734.00M | 511.00M | 528.00M | 504.00M | 494.00M | 505.00M | 481.00M | 495.40M | 457.20M | 447.90M | 409.50M |
| Selling, General & Admin | 1.35B | 1.48B | 1.00B | 999.00M | 856.00M | 957.00M | 912.00M | 818.00M | 881.60M | 837.30M | 974.50M | 780.60M |
| Operating Income | 172.00M | -183.00M | 397.00M | 309.00M | 497.00M | 219.00M | 241.00M | 286.00M | 238.50M | 176.70M | 53.60M | 215.20M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 1.00M | 1.00M | 1.00M | 300.00K | 2.30M | 2.80M | 2.90M |
| Other Income (Expense) | -12.00M | 8.00M | 59.00M | 9.00M | 16.00M | 8.00M | -4.00M | 5.00M | -100.00K | -5.80M | 5.90M | -6.00M |
| Pretax Income | -269.00M | -156.00M | 549.00M | 412.00M | 592.00M | 311.00M | 325.00M | 368.00M | 318.70M | 251.20M | 135.50M | 282.60M |
| Income Tax | 13.00M | 21.00M | 117.00M | 78.00M | 338.00M | 49.00M | 58.00M | 17.00M | -39.40M | -27.60M | -1.61B | 88.40M |
| Net Income | -282.00M | -177.00M | 432.00M | 334.00M | 254.00M | 262.00M | 267.00M | 351.00M | 358.10M | 278.80M | 1.75B | 194.20M |
| Net Income growth (YoY) | -211.02% | -167.56% | +61.80% | -4.84% | -29.07% | -6.03% | -84.72% | +80.74% | +57.27% | +158.63% | +1974.70% | +871.00% |
| EPS (Basic) | -0.47 | -0.22 | 0.61 | 0.49 | 0.37 | 0.39 | 0.41 | 0.54 | 0.25 | 0.43 | 2.73 | 0.63 |
| EPS (Diluted) | -0.46 | -0.22 | 0.61 | 0.47 | 0.36 | 0.37 | 0.38 | 0.49 | 0.25 | 0.39 | 2.44 | 0.56 |
| Shares Outstanding (Basic) | — | 801.00M | 704.00M | 679.00M | — | 665.00M | 659.00M | 654.00M | — | 645.80M | 639.30M | 310.10M |
| Shares Outstanding (Diluted) | — | 801.00M | 711.00M | 709.00M | — | 707.00M | 709.00M | 709.00M | — | 709.30M | 715.00M | 349.80M |
| EBITDA | 513.00M | 151.00M | 488.00M | 398.00M | 581.00M | 307.00M | 328.00M | 370.00M | 315.30M | 251.00M | 122.20M | 279.50M |
| Gross Margin | 67.57% | 67.55% | 73.59% | 74.21% | 73.23% | 72.96% | 73.46% | 74.10% | 73.80% | 74.12% | 74.73% | 74.83% |
| Operating Margin | 5.04% | -6.10% | 15.30% | 12.49% | 19.60% | 9.57% | 10.68% | 13.37% | 10.90% | 8.90% | 2.71% | 11.46% |
| Net Margin | -8.27% | -5.90% | 16.65% | 13.50% | 10.02% | 11.45% | 11.83% | 16.41% | 16.36% | 14.05% | 88.45% | 10.34% |
This table shows 12 quarterly periods of Palo Alto Networks's income statement, from Q4 2026 back to Q1 2024, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PANW's reporting calendar. What is a income statement?