Palo Alto Networks (PANW) Change in Receivables (2011 - 2026)

Palo Alto Networks' (PANW) quarterly Change in Receivables came in at $758.0 million in Q1 2026, up 108.82% year-on-year from $363.0 million in Q1 2025, and up 146.73% quarter-over-quarter from -$1.6 billion in Q4 2025.

Palo Alto Networks (PANW) Change in Receivables (2011 - 2026) Analysis & Trends

Palo Alto Networks' Change in Receivables history runs 16 years deep, the most recent figure standing at $758.0 million for Q1 2026.

  • On a quarterly basis, Change in Receivables rose 108.82% year-over-year to $758.0 million in Q1 2026; TTM through Jan 2026 was $604.3 million, a 250.81% increase from a year earlier, with the FY2025 full-year figure at $345.3 million, up 123.78% from the prior year.
  • Change in Receivables rose to $758.0 million in Q1 2026 per PANW's latest filing, from -$1.6 billion 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.
  • The 5-year median for Change in Receivables is $288.4 million (2022), against an average of $75.7 million.
  • Biggest YoY gain for Change in Receivables was 1111.56% in 2024; the steepest drop was 209.44% in 2024.
  • Year by year, Change in Receivables stood at -$904.4 million in 2022, then declined by 16.12% to -$1.1 billion in 2023, then slumped by 41.5% to -$1.5 billion in 2024, then slipped by 9.15% to -$1.6 billion in 2025, then surged by 146.73% to $758.0 million in 2026.
  • Per Business Quant, the three latest PANW Change in Receivables figures stand at $758.0 million (Q1 2026), -$1.6 billion (Q4 2025), and $1.0 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 Microsoft 2,834.76 Bn 2,710.32 Bn 56.06 Bn 4.71 Bn
2 PagSeguro Digital 2,643.44 Bn 2,643.44 Bn 358.92 Mn -234.16 Mn
3 Oracle 345.72 Bn 314.37 Bn - -11.00 Mn
4 Repay Holdings 297.29 Bn 297.14 Bn - -
5 Palantir Technologies 295.33 Bn 287.41 Bn 1.42 Bn 360.97 Mn
6 Pagaya Technologies 249.07 Bn 249.08 Bn 140.38 Mn -
7 Palo Alto Networks 228.92 Bn 224.38 Bn 1.91 Bn 758.00 Mn
8 CrowdStrike Holdings 183.84 Bn 180.79 Bn 993.68 Mn 348.72 Mn
9 Fortinet 111.23 Bn 107.94 Bn 1.49 Bn -205.20 Mn
10 Cloudflare 92.51 Bn 91.57 Bn 455.60 Mn -1.40 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 758.00 Mn
Jan 31, 2026 758.00 Mn
Oct 31, 2025 -1.62 Bn
Oct 31, 2025 -1.62 Bn
Jul 31, 2025 1.01 Bn
Jul 31, 2025 1.01 Bn
Apr 30, 2025 454.40 Mn
Apr 30, 2025 454.40 Mn
Jan 31, 2025 363.00 Mn
Jan 31, 2025 363.00 Mn
Oct 31, 2024 -1.49 Bn
Oct 31, 2024 -1.49 Bn
Jul 31, 2024 903.20 Mn
Jul 31, 2024 903.20 Mn
Apr 30, 2024 -180.90 Mn
Apr 30, 2024 -180.90 Mn
Jan 31, 2024 482.20 Mn
Jan 31, 2024 482.20 Mn
Oct 31, 2023 -1.05 Bn
Oct 31, 2023 -1.05 Bn