Palo Alto Networks (PANW) Capital Expenditures (2011 - 2026)
Palo Alto Networks' (PANW) quarterly Capital Expenditures came in at $170.0 million in Q1 2026, up 254.17% year-on-year from $48.0 million in Q1 2025, and up 102.38% quarter-over-quarter from $84.0 million in Q4 2025.
Palo Alto Networks (PANW) Capital Expenditures (2011 - 2026) Analysis & Trends
Palo Alto Networks' Capital Expenditures history runs 16 years deep, the most recent figure standing at $170.0 million for Q1 2026.
- On a quarterly basis, Capital Expenditures rose 254.17% year-over-year to $170.0 million in Q1 2026; TTM through Jan 2026 was $408.2 million, a 130.88% increase from a year earlier, with the FY2025 full-year figure at $246.2 million, up 57.02% from the prior year.
- Capital Expenditures grew to $170.0 million in Q1 2026 per PANW's latest filing, from $84.0 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $170.0 million in Q1 2026 and bottomed at $31.2 million in Q2 2023.
- The 5-year median for Capital Expenditures is $39.6 million (2022), against an average of $56.6 million.
- Across the five-year window, Capital Expenditures slumped 52.54% in 2023 and jumped 254.17% in 2026, its largest moves.
- Year by year, Capital Expenditures stood at $39.6 million in 2022, then decreased by 7.07% to $36.8 million in 2023, then rose by 19.57% to $44.0 million in 2024, then surged by 90.91% to $84.0 million in 2025, then soared by 102.38% to $170.0 million in 2026.
- Per Business Quant, the three latest PANW Capital Expenditures figures stand at $170.0 million (Q1 2026), $84.0 million (Q4 2025), and $86.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 932.00 Mn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -46.55 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 16.49 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 7.40 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 170.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | -130.89 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 56.00 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -6.39 Mn |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | 81.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 170.00 Mn |
| Jan 31, 2026 | 170.00 Mn |
| Oct 31, 2025 | 84.00 Mn |
| Oct 31, 2025 | 84.00 Mn |
| Jul 31, 2025 | 86.30 Mn |
| Jul 31, 2025 | 86.30 Mn |
| Apr 30, 2025 | 67.90 Mn |
| Apr 30, 2025 | 67.90 Mn |
| Jan 31, 2025 | 48.00 Mn |
| Jan 31, 2025 | 48.00 Mn |
| Oct 31, 2024 | 44.00 Mn |
| Oct 31, 2024 | 44.00 Mn |
| Jul 31, 2024 | 47.40 Mn |
| Jul 31, 2024 | 47.40 Mn |
| Apr 30, 2024 | 37.40 Mn |
| Apr 30, 2024 | 37.40 Mn |
| Jan 31, 2024 | 35.20 Mn |
| Jan 31, 2024 | 35.20 Mn |
| Oct 31, 2023 | 36.80 Mn |
| Oct 31, 2023 | 36.80 Mn |