Palo Alto Networks PANW
NASDAQ PANW
$374.74 -15.18 (-3.89%)
At close: Sep 25, 2026 · 4:00 PM EDT

Palo Alto Networks (PANW) Accumulated Expenses (2012 - 2026)

Palo Alto Networks' (PANW) quarterly Accumulated Expenses came in at $1.0 billion in Q3 2026, up 23.88% year-over-year from $846.0 million in Q3 2025, and up 37.89% on a QoQ basis from $760.0 million in Q2 2026.

Analysis

Palo Alto Networks (PANW) Accumulated Expenses (2012 - 2026) Analysis & Trends

Palo Alto Networks (PANW) has 15 years of Accumulated Expenses data on file, last reported at $1.0 billion in Q3 2026.

  • On a quarterly basis, Accumulated Expenses rose 23.88% year-over-year to $1.0 billion in Q3 2026; TTM through Jul 2026 was $1.0 billion, a 23.88% increase from a year earlier, with the FY2026 full-year figure at $1.0 billion, up 23.88% from the prior year.
  • Accumulated Expenses for Q3 2026 stood at $1.0 billion, up from $760.0 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $1.0 billion in Q3 2026 and bottomed at $329.9 million in Q1 2022.
  • Historically, Accumulated Expenses has averaged $589.4 million across 5 years, with a median of $548.3 million in 2023.
  • The widest annual swing landed in 2025, when Accumulated Expenses soared 99.85%; it then decreased 7.83% in 2026.
  • Year by year, Accumulated Expenses stood at $380.4 million in 2022, then decreased by 2.34% to $371.5 million in 2023, then jumped by 83.88% to $683.1 million in 2024, then fell by 2.65% to $665.0 million in 2025, then jumped by 57.59% to $1.0 billion in 2026.
  • Per Business Quant data, the three most recent Accumulated Expenses figures were $1.0 billion in Q3 2026, $760.0 million in Q2 2026, and $937.0 million in Q1 2026.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Palo Alto Networks 320.54 Bn 317.47 Bn 2.30 Bn
2 CrowdStrike Holdings 268.77 Bn 263.80 Bn 1.10 Bn
3 Fortinet 131.12 Bn 127.05 Bn 1.64 Bn
4 Snowflake 118.02 Bn 115.67 Bn 1.04 Bn
5 Datadog 90.27 Bn 85.29 Bn 881.34 Mn
6 Axon Enterprise 36.61 Bn 35.93 Bn 546.45 Mn
7 Zscaler 34.97 Bn 31.49 Bn -
8 MongoDB 34.51 Bn 32.10 Bn 569.77 Mn
9 Okta 34.32 Bn 32.02 Bn 641.00 Mn
10 Baidu 30.55 Bn 8.15 Bn 1.76 Mn
Historic Data

Historic Data

Download Data
DateValue
Jul 31, 2026 1.05 Bn
Apr 30, 2026 760.00 Mn
Jan 31, 2026 937.00 Mn
Oct 31, 2025 665.00 Mn
Jul 31, 2025 846.00 Mn
Apr 30, 2025 824.60 Mn
Jan 31, 2025 777.60 Mn
Oct 31, 2024 683.10 Mn
Jul 31, 2024 554.70 Mn
Apr 30, 2024 412.60 Mn
Jan 31, 2024 452.60 Mn
Oct 31, 2023 371.50 Mn
Jul 31, 2023 548.30 Mn
Apr 30, 2023 376.10 Mn
Jan 31, 2023 395.10 Mn
Oct 31, 2022 380.40 Mn
Jul 31, 2022 461.10 Mn
Apr 30, 2022 375.40 Mn
Jan 31, 2022 329.90 Mn
Oct 31, 2021 324.60 Mn
API Access

Palo Alto Networks Accumulated Expenses API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=PANW&period=max&api_key=YOUR_API_KEY