Palo Alto Networks (PANW) Change in Receivables (2011 - 2026)
Palo Alto Networks' (PANW) quarterly Change in Receivables came in at $776.0 million in Q3 2026, down 23.47% year-over-year from $1.0 billion in Q3 2025, and up 83.45% on a QoQ basis from $423.0 million in Q2 2026.
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Analysis
Palo Alto Networks (PANW) Change in Receivables (2011 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 16 years of Change in Receivables data on file, last reported at $776.0 million in Q3 2026.
- On a quarterly basis, Change in Receivables fell 23.47% year-over-year to $776.0 million in Q3 2026; TTM through Jul 2026 was $335.0 million, a 2.9% decrease from a year earlier, with the FY2026 full-year figure at $335.0 million, down 2.9% from the prior year.
- Change in Receivables for Q3 2026 stood at $776.0 million, up from $423.0 million in the prior quarter.
- Across five years, Change in Receivables topped out at $1.0 billion in Q3 2023 and bottomed at -$1.6 billion in Q4 2025.
- Historically, Change in Receivables has averaged $130.8 million across 5 years, with a median of $363.0 million in 2025.
- The largest YoY upside for Change in Receivables was 1111.56% in 2024 against a maximum downside of 209.44% in 2024.
- Year by year, Change in Receivables stood at -$904.4 million in 2022, then decreased by 16.12% to -$1.1 billion in 2023, then tumbled by 41.5% to -$1.5 billion in 2024, then fell by 9.15% to -$1.6 billion in 2025, then soared by 147.84% to $776.0 million in 2026.
- Per Business Quant data, the three most recent Change in Receivables figures were $776.0 million in Q3 2026, $423.0 million in Q2 2026, and $758.0 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 776.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 104.65 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | -29.90 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 146.59 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 151.65 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 305.83 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 69.26 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 83.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 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();