Palo Alto Networks PANW
NASDAQ PANW
$337.00 +3.74 (+1.12%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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