Palo Alto Networks (PANW) Change in Receivables (2011 - 2026)
Palo Alto Networks (PANW) posted Change in Receivables of $776 million for fiscal Q4 2026 (quarter ended Jul 31, 2026), down 23.5% from $1.01 billion a year earlier but up 83.5% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Change in Receivables (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Palo Alto Networks' Change in Receivables came in at $335 million, down 2.9% from FY2025.
- Annual Change in Receivables shows a five-year compound annual growth rate of 14.2% (FY2021 to FY2026).
- In prior fiscal years, Palo Alto Networks' Change in Receivables was $345 million in FY2025 (+122.6%), $155 million in FY2024 (-51.6%), $320.3 million in FY2023 (-64.5%) and $902 million in FY2022 (+423.2%).
- Quarterly Change in Receivables has run from a low of -$1.62 billion in fiscal Q1 2026 to a high of $1.02 billion in fiscal Q4 2023 over five years.
- On a year-over-year basis, Change in Receivables increased in two of the last five quarters, with growth averaging 13.2%.
- The strongest year-over-year quarter for Change in Receivables in the past five years was fiscal Q3 2022, with growth of 196.1%; the weakest was fiscal Q2 2023, with a decline of 71.6%.
- According to Business Quant data, Change in Receivables for the three prior fiscal quarters was $423 million (Q3 2026), $758 million (Q2 2026) and -$1.62 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | 776.00 Mn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | 104.65 Mn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | -29.90 Mn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | 146.59 Mn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 151.65 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 83.00 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | - |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | 305.83 Mn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 69.26 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | 2.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 776.00 Mn |
| Apr 30, 2026 | 423.00 Mn |
| Jan 31, 2026 | 758.00 Mn |
| Oct 31, 2025 | -1.62 Bn |
| Jul 31, 2025 | 1.01 Bn |
| Apr 30, 2025 | 454.00 Mn |
| Jan 31, 2025 | 363.00 Mn |
| Oct 31, 2024 | -1.49 Bn |
| Jul 31, 2024 | 903.90 Mn |
| Apr 30, 2024 | -180.90 Mn |
| Jan 31, 2024 | 482.20 Mn |
| Oct 31, 2023 | -1.05 Bn |
| Jul 31, 2023 | 1.02 Bn |
| Apr 30, 2023 | 165.30 Mn |
| Jan 31, 2023 | 39.80 Mn |
| Oct 31, 2022 | -904.40 Mn |
| Jul 31, 2022 | 901.90 Mn |
| Apr 30, 2022 | 288.40 Mn |
| Jan 31, 2022 | 140.10 Mn |
| Oct 31, 2021 | -428.40 Mn |
API Access
Palo Alto Networks Change in Receivables 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=change-in-receivables&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-receivables", "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=change-in-receivables&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();