Palo Alto Networks (PANW) EBITDA (2011 - 2026)
Palo Alto Networks (PANW) posted EBITDA of -$183.0 million for Q2 2026, down 146.1% on a QoQ basis from $397.0 million in Q1 2026, and down 183.56% year-over-year from $219.0 million in Q2 2025.
Analysis
Palo Alto Networks (PANW) EBITDA (2011 - 2026) Analysis & Trends
Palo Alto Networks has reported EBITDA for 16 years, with the latest figure at -$183.0 million in Q2 2026.
- On a quarterly basis, EBITDA fell 183.56% year-over-year to -$183.0 million in Q2 2026; TTM through Apr 2026 was $1.0 billion, a 3.61% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 81.74% from the prior year.
- EBITDA was -$183.0 million for Q2 2026 at Palo Alto Networks, down from $397.0 million in the prior quarter.
- The five-year high for EBITDA was $496.9 million in Q3 2025, with the low at -$183.0 million in Q2 2026.
- Average EBITDA over 5 years is $151.7 million, with a median of $196.0 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2026: EBITDA jumped 1546.1% in 2023, then sank 183.56% in 2026.
- Over 5 years, EBITDA stood at $15.2 million in 2022, then surged by 1315.79% to $215.2 million in 2023, then soared by 32.9% to $286.0 million in 2024, then grew by 8.04% to $309.0 million in 2025, then plunged by 159.22% to -$183.0 million in 2026.
- The last three EBITDA figures came in at -$183.0 million (Q2 2026), $397.0 million (Q1 2026), and $309.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | -183.00 Mn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | -33.23 Mn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 689.30 Mn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 46.78 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 213.27 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | -71.90 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 443.00 Mn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 185.10 Mn |
| 10 | SentinelOne | 6.66 Bn | 6.00 Bn | 210.42 Mn | -90.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | -183.00 Mn |
| Jan 31, 2026 | 397.00 Mn |
| Oct 31, 2025 | 309.00 Mn |
| Jul 31, 2025 | 496.90 Mn |
| Apr 30, 2025 | 219.00 Mn |
| Jan 31, 2025 | 241.00 Mn |
| Oct 31, 2024 | 286.00 Mn |
| Jul 31, 2024 | 238.40 Mn |
| Apr 30, 2024 | 176.70 Mn |
| Jan 31, 2024 | 53.60 Mn |
| Oct 31, 2023 | 215.20 Mn |
| Jul 31, 2023 | 253.50 Mn |
| Apr 30, 2023 | 78.70 Mn |
| Jan 31, 2023 | 39.90 Mn |
| Oct 31, 2022 | 15.20 Mn |
| Jul 31, 2022 | 15.40 Mn |
| Apr 30, 2022 | -47.60 Mn |
| Jan 31, 2022 | -73.90 Mn |
| Oct 31, 2021 | -82.70 Mn |
| Jul 31, 2021 | -60.40 Mn |