Palo Alto Networks (PANW) Capital Expenditures (2011 - 2026)
Palo Alto Networks' Capital Expenditures was $103 million in fiscal Q4 2026 (quarter ended Jul 31, 2026), up 18.4% from $87 million a year earlier and up 24.1% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Capital Expenditures (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Capital Expenditures at Palo Alto Networks came in at $440 million, up 78.1% from FY2025.
- Capital Expenditures has now increased for three consecutive fiscal years, with a five-year compound annual growth rate of 30.6% (FY2021 to FY2026).
- In earlier fiscal years, Capital Expenditures was $247 million in FY2025 (+57.3%), $157 million in FY2024 (+7.3%), $146.3 million in FY2023 (-24.1%) and $192.8 million in FY2022 (+66.2%).
- Quarterly Capital Expenditures has moved between $31.2 million (fiscal Q3 2023) and $170 million (fiscal Q2 2026) over five years.
- Compared with a year earlier, Capital Expenditures has increased for ten straight quarters, with growth averaging 75.8% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was fiscal Q2 2026 (growth of 254.2%); the worst was fiscal Q2 2023 (a decline of 52.5%).
- Per Business Quant data, PANW's Capital Expenditures in the three fiscal quarters before Q4 2026 was $83 million (Q3 2026), $170 million (Q2 2026) and $84 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 266.38 Bn | 251.45 Bn | 2.30 Bn | 103.00 Mn |
| 2 | CrowdStrike Holdings | 240.07 Bn | 220.47 Bn | 1.10 Bn | 124.41 Mn |
| 3 | Fortinet | 128.61 Bn | 114.54 Bn | 1.64 Bn | 78.00 Mn |
| 4 | Snowflake | 111.50 Bn | 98.82 Bn | 1.04 Bn | 7.55 Mn |
| 5 | Datadog | 90.63 Bn | 72.27 Bn | 881.34 Mn | 9.89 Mn |
| 6 | Zscaler | 34.10 Bn | 20.22 Bn | - | - |
| 7 | Okta | 33.95 Bn | 24.04 Bn | 641.00 Mn | 1.00 Mn |
| 8 | Axon Enterprise | 33.09 Bn | 27.61 Bn | 546.45 Mn | 21.05 Mn |
| 9 | MongoDB | 27.94 Bn | 18.41 Bn | 569.77 Mn | 2.47 Mn |
| 10 | F5 | 25.49 Bn | 19.90 Bn | 711.51 Mn | 35.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 103.00 Mn |
| Apr 30, 2026 | 83.00 Mn |
| Jan 31, 2026 | 170.00 Mn |
| Oct 31, 2025 | 84.00 Mn |
| Jul 31, 2025 | 87.00 Mn |
| Apr 30, 2025 | 68.00 Mn |
| Jan 31, 2025 | 48.00 Mn |
| Oct 31, 2024 | 44.00 Mn |
| Jul 31, 2024 | 47.60 Mn |
| Apr 30, 2024 | 37.40 Mn |
| Jan 31, 2024 | 35.20 Mn |
| Oct 31, 2023 | 36.80 Mn |
| Jul 31, 2023 | 37.20 Mn |
| Apr 30, 2023 | 31.20 Mn |
| Jan 31, 2023 | 38.30 Mn |
| Oct 31, 2022 | 39.60 Mn |
| Jul 31, 2022 | 39.20 Mn |
| Apr 30, 2022 | 38.30 Mn |
| Jan 31, 2022 | 80.70 Mn |
| Oct 31, 2021 | 34.60 Mn |
API Access
Palo Alto Networks Capital Expenditures 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=capital-expenditures&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();