Palo Alto Networks (PANW) Cash from Operations (2011 - 2026)
Palo Alto Networks' (PANW) quarterly Cash from Operations came in at $1.4 billion in Q3 2026, up 32.91% year-over-year from $1.0 billion in Q3 2025, and up 55.8% on a QoQ basis from $871.0 million in Q2 2026.
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Analysis
Palo Alto Networks (PANW) Cash from Operations (2011 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 16 years of Cash from Operations data on file, last reported at $1.4 billion in Q3 2026.
- On a quarterly basis, Cash from Operations rose 32.91% year-over-year to $1.4 billion in Q3 2026; TTM through Jul 2026 was $4.6 billion, a 22.52% increase from a year earlier, with the FY2026 full-year figure at $4.6 billion, up 22.52% from the prior year.
- Cash from Operations for Q3 2026 stood at $1.4 billion, up from $871.0 million in the prior quarter.
- Across five years, Cash from Operations topped out at $1.8 billion in Q4 2025 and bottomed at $389.5 million in Q2 2022.
- Historically, Cash from Operations has averaged $826.3 million across 5 years, with a median of $628.0 million in 2025.
- The widest annual swing landed in 2022, when Cash from Operations jumped 110.0%; it then retreated 20.93% in 2023.
- Year by year, Cash from Operations stood at $1.2 billion in 2022, then climbed by 23.39% to $1.5 billion in 2023, then fell by 1.05% to $1.5 billion in 2024, then rose by 17.28% to $1.8 billion in 2025, then declined by 23.38% to $1.4 billion in 2026.
- Per Business Quant data, the three most recent Cash from Operations figures were $1.4 billion in Q3 2026, $871.0 million in Q2 2026, and $554.0 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 1.36 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 530.27 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 1.04 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 91.36 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 315.87 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 20.08 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 141.88 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 234.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 506.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.36 Bn |
| Apr 30, 2026 | 871.00 Mn |
| Jan 31, 2026 | 554.00 Mn |
| Oct 31, 2025 | 1.77 Bn |
| Jul 31, 2025 | 1.02 Bn |
| Apr 30, 2025 | 628.00 Mn |
| Jan 31, 2025 | 557.00 Mn |
| Oct 31, 2024 | 1.51 Bn |
| Jul 31, 2024 | 513.10 Mn |
| Apr 30, 2024 | 528.90 Mn |
| Jan 31, 2024 | 690.00 Mn |
| Oct 31, 2023 | 1.53 Bn |
| Jul 31, 2023 | 414.10 Mn |
| Apr 30, 2023 | 432.10 Mn |
| Jan 31, 2023 | 694.60 Mn |
| Oct 31, 2022 | 1.24 Bn |
| Jul 31, 2022 | 523.70 Mn |
| Apr 30, 2022 | 389.50 Mn |
| Jan 31, 2022 | 482.60 Mn |
| Oct 31, 2021 | 588.90 Mn |
API Access
Palo Alto Networks Cash from Operations 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=cash-from-operations&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();