Palo Alto Networks, Inc.
PANWNASDAQ
$354.68
Last price · USD
- Market cap
- $271.0B
- P/E
- 806.1x
- EV / EBITDA
- 194.8x
- P/S
- 23.6x
- FCF yield
- 1.5%
- Div. yield
- 0.00%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Palo Alto Networks, Inc. income statement
Annual · USD millions except per-share data · 27 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Revenue & gross profit | |||||||
| Revenue | 11,480 | 9,222 | 8,028 | 6,893 | 5,502 | +20.2% | |
| Cost of revenue | 3,403 | 2,452 | 2,059 | 1,910 | 1,719 | +18.6% | |
| Gross profit | 8,077 | 6,770 | 5,968 | 4,983 | 3,783 | +20.9% | |
| Operating expenses & income | |||||||
| Research & development | 2,552 | 1,984 | 1,809 | 1,604 | 1,418 | +15.8% | |
| General & administrative | 899 | 443 | 681 | 448 | 405 | +22.1% | |
| Selling & marketing | 3,931 | 3,100 | 2,795 | 2,544 | 2,149 | +16.3% | |
| SG&A (combined) | 4,830 | 3,543 | 3,475 | 2,992 | 2,554 | +17.3% | |
| Total operating expenses | 7,382 | 5,527 | 5,284 | 4,596 | 3,972 | +16.8% | |
| Cost and expenses | 10,785 | 7,979 | 7,344 | 6,505 | 5,690 | +17.3% | |
| Operating income | 695 | 1,243 | 684 | 387 | (189) | — | |
| Non-operating & other | |||||||
| Interest income | 0 | 364 | 318 | 224 | 16 | — | |
| Interest expense | 0 | 3 | 8 | 27 | 27 | — | |
| Net interest income | 0 | 361 | 310 | 197 | (12) | — | |
| Non-operating income (excl. interest) | 159 | (355) | (309) | (199) | (2) | — | |
| Total other income (expenses), net | (159) | 353 | 304 | 179 | (18) | — | |
| Profitability | |||||||
| Depreciation & amortization | 855 | 343 | 283 | 282 | 283 | +31.9% | |
| Income before tax | 536 | 1,596 | 988 | 566 | (207) | — | |
| Income tax expense | 229 | 462 | (1,589) | 127 | 60 | +39.9% | |
| Net income from continuing operations | 307 | 1,134 | 2,578 | 440 | (267) | — | |
| Net income | 307 | 1,134 | 2,578 | 440 | (267) | — | |
| Bottom line net income | 307 | 1,134 | 2,578 | 440 | (267) | — | |
| Additional fields | |||||||
| Ebit | 536 | 1,598 | 993 | 587 | (187) | — | |
| Ebitda | 1,391 | 1,941 | 1,276 | 869 | 96 | +95.3% | |
| Eps | $0.46 | $1.71 | $4.04 | $0.73 | (0.45) | — | |
| Eps Diluted | $0.44 | $1.60 | $3.64 | $0.64 | (0.45) | — | |
| Weighted Average Shs Out | 749 | 663 | 638 | 606 | 591 | +6.1% | |
| Weighted Average Shs Out Dil | 764 | 709 | 708 | 685 | 591 | +6.6% | |