Palo Alto Networks (PANW) Current Deferred Revenue (2012 - 2026)
Palo Alto Networks (PANW) recorded Current Deferred Revenue of $7.75 billion in fiscal Q4 2026 (quarter ended Jul 31, 2026), up 22.9% from $6.3 billion a year earlier and up 8.9% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Current Deferred Revenue (2012 - 2026) Analysis & Trends
Starting with fiscal Q4 2012, Palo Alto Networks' Current Deferred Revenue history includes 57 quarters.
- Annual Current Deferred Revenue has increased for 14 straight fiscal years, with a five-year compound annual growth rate of 23.1% (FY2021 to FY2026).
- Across earlier fiscal years, Current Deferred Revenue came in at $6.3 billion in FY2025 (+13.7%), $5.54 billion in FY2024 (+18.5%), $4.67 billion in FY2023 (+28.4%) and $3.64 billion in FY2022 (+32.8%).
- The fiscal Q4 2026 figure is the highest quarterly Current Deferred Revenue in data going back to fiscal Q4 2012.
- On a year-over-year basis, Current Deferred Revenue has increased for 53 consecutive quarters, with growth averaging 16.0% over the last eight quarters.
- The year-over-year growth in Current Deferred Revenue has ranged between 11.3% (fiscal Q1 2026) and 33.5% (fiscal Q1 2023) over the last five years.
- Per Business Quant, the preceding three fiscal quarters came in at $7.11 billion (Q3 2026), $6.25 billion (Q2 2026) and $6.13 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 7.75 Bn |
| Apr 30, 2026 | 7.11 Bn |
| Jan 31, 2026 | 6.25 Bn |
| Oct 31, 2025 | 6.13 Bn |
| Jul 31, 2025 | 6.30 Bn |
| Apr 30, 2025 | 5.76 Bn |
| Jan 31, 2025 | 5.60 Bn |
| Oct 31, 2024 | 5.51 Bn |
| Jul 31, 2024 | 5.54 Bn |
| Apr 30, 2024 | 5.01 Bn |
| Jan 31, 2024 | 4.92 Bn |
| Oct 31, 2023 | 4.73 Bn |
| Jul 31, 2023 | 4.67 Bn |
| Apr 30, 2023 | 4.15 Bn |
| Jan 31, 2023 | 3.94 Bn |
| Oct 31, 2022 | 3.74 Bn |
| Jul 31, 2022 | 3.64 Bn |
| Apr 30, 2022 | 3.15 Bn |
| Jan 31, 2022 | 2.96 Bn |
| Oct 31, 2021 | 2.80 Bn |
API Access
Palo Alto Networks Current Deferred Revenue 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=current-deferred-revenue&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-deferred-revenue", "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=current-deferred-revenue&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();