Palo Alto Networks (PANW) EBITDA (2011 - 2026)
Palo Alto Networks (PANW) posted quarterly EBITDA of $397.0 million for Q1 2026, up 64.73% year-over-year from $241.0 million in Q1 2025, and up 28.48% quarter-over-quarter from $309.0 million in Q4 2025.
Palo Alto Networks (PANW) EBITDA (2011 - 2026) Analysis & Trends
Palo Alto Networks' EBITDA history runs 16 years deep, the most recent figure standing at $397.0 million for Q1 2026.
- In Q1 2026, EBITDA rose 64.73% year-over-year to $397.0 million; the TTM figure through Jan 2026 stood at $1.4 billion (up 50.94% YoY), while the FY2025 annual figure was $1.2 billion, up 81.74% from the prior year.
- EBITDA for Q1 2026 stood at $397.0 million, up from $309.0 million in the prior quarter.
- The five-year high for EBITDA was $497.2 million in Q3 2025, with the low at -$73.9 million in Q1 2022.
- The 5-year median for EBITDA is $215.2 million (2023), against an average of $171.4 million.
- The sharpest annual moves came in 2023 and 2024: EBITDA surged 1546.1% in 2023, then slipped 5.96% in 2024.
- Palo Alto Networks' EBITDA stood at $15.2 million in 2022, then soared by 1315.79% to $215.2 million in 2023, then jumped by 32.9% to $286.0 million in 2024, then advanced by 8.04% to $309.0 million in 2025, then grew by 28.48% to $397.0 million in 2026.
- Business Quant data shows PANW's EBITDA at $397.0 million in Q1 2026, $309.0 million in Q4 2025, and $497.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 40.60 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 912.00 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 6.13 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -183.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 689.30 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -205.70 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 203.05 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -49.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 446.87 Mn |
| 10 | NetApp | 40.73 Bn | 37.15 Bn | 1.37 Bn | 532.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -183.00 Mn |
| Jan 31, 2026 | 397.00 Mn |
| Oct 31, 2025 | 309.00 Mn |
| Jul 31, 2025 | 497.20 Mn |
| Apr 30, 2025 | 218.80 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 |