KPIs & Operating Metrics(New)
Growth Metrics

Palo Alto Networks (PANW) Cost of Revenue (2016 - 2026)

Palo Alto Networks' Cost of Revenue history spans 16 years, with the latest figure at $823.0 million for Q1 2026.

  • Quarterly Cost of Revenue rose 37.4% to $823.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $3.8 billion through Jan 2026, up 35.36% year-over-year, with the annual reading at $3.1 billion for FY2025, 10.94% up from the prior year.
  • Cost of Revenue came in at $823.0 million for Q1 2026, roughly flat from $820.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $1.3 billion in Q3 2025 to a low of $29.7 million in Q3 2023.
  • The 5-year median for Cost of Revenue is $639.5 million (2023), against an average of $622.6 million.
  • Year-over-year, Cost of Revenue tumbled 78.85% in 2023 and then soared 2399.33% in 2024.
  • Palo Alto Networks' Cost of Revenue stood at $615.0 million in 2022, then fell by 23.12% to $472.8 million in 2023, then surged by 52.28% to $720.0 million in 2024, then grew by 13.89% to $820.0 million in 2025, then increased by 0.37% to $823.0 million in 2026.
  • Per Business Quant, the three most recent readings for PANW's Cost of Revenue are $823.0 million (Q1 2026), $820.0 million (Q4 2025), and $1.3 billion (Q3 2025).