Palo Alto Networks (PANW) Capital Expenditures (2011 - 2026)

Palo Alto Networks' Capital Expenditures history runs 16 years deep, the most recent figure standing at $170.0 million for Q1 2026.

• In Q1 2026, Capital Expenditures rose 254.17% year-over-year to $170.0 million; the TTM figure through Jan 2026 stood at $408.2 million (up 130.88% YoY), while the FY2025 annual figure was $246.2 million, up 57.02% from the prior year.
• Capital Expenditures was $170.0 million for Q1 2026 at Palo Alto Networks, up from $84.0 million in the prior quarter.
• In the past five years, Capital Expenditures ranged from a high of $170.0 million in Q1 2026 to a low of $31.2 million in Q2 2023.
• Historically, Capital Expenditures has averaged $56.6 million across 5 years, with a median of $39.6 million in 2022.
• The sharpest annual moves came in 2023 and 2026: Capital Expenditures slumped 52.54% in 2023, then surged 254.17% in 2026.
• A 5-year view of Capital Expenditures shows it 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.
• The last three Capital Expenditures figures came in at $170.0 million (Q1 2026), $84.0 million (Q4 2025), and $86.3 million (Q3 2025), per Business Quant data.