Palo Alto Networks (PANW) EBITDA (2016 - 2026)
Quarterly EBITDA rose 64.73% to $397.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $1.4 billion through Jan 2026, up 50.94% year-over-year, with the annual reading at $1.2 billion for FY2025, 81.74% up from the prior year.
Palo Alto Networks' EBITDA history spans 16 years, with the latest figure at $397.0 million for Q1 2026.
- EBITDA came in at $397.0 million for Q1 2026, up from $309.0 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $497.2 million in Q3 2025 to a low of -$73.9 million in Q1 2022.
- The 5-year median for EBITDA is $215.2 million (2023), against an average of $171.4 million.
- Year-over-year, EBITDA surged 1546.1% in 2023 and then fell 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 skyrocketed by 32.9% to $286.0 million in 2024, then increased by 8.04% to $309.0 million in 2025, then grew by 28.48% to $397.0 million in 2026.
- Per Business Quant, the three most recent readings for PANW's EBITDA are $397.0 million (Q1 2026), $309.0 million (Q4 2025), and $497.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,115.84 Bn | 3,037.57 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Oracle | 544.25 Bn | 505.67 Bn | 15.14 Bn | 5.46 Bn |
| 3 | Palantir Technologies | 328.85 Bn | 320.93 Bn | 1.42 Bn | 754.00 Mn |
| 4 | Palo Alto Networks | 175.67 Bn | 171.13 Bn | 1.91 Bn | 397.00 Mn |
| 5 | CrowdStrike Holdings | 162.44 Bn | 159.38 Bn | 993.68 Mn | 13.79 Mn |
| 6 | Fortinet | 95.68 Bn | 92.39 Bn | 1.49 Bn | 580.00 Mn |
| 7 | Synopsys | 95.66 Bn | 95.54 Bn | 1.77 Bn | 203.05 Mn |
| 8 | Cloudflare | 74.88 Bn | 73.94 Bn | 455.60 Mn | -61.99 Mn |
| 9 | CoreWeave | 56.29 Bn | 54.02 Bn | 2.01 Bn | -735.00 Mn |
| 10 | Block | 40.97 Bn | 34.07 Bn | 2.91 Bn | -171.99 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | -110.40 Mn |
| Jan 31, 2021 | -88.80 Mn |
| Oct 31, 2020 | -44.50 Mn |
| Jul 31, 2020 | -17.80 Mn |
| Apr 30, 2020 | -56.50 Mn |
| Jan 31, 2020 | -52.90 Mn |
| Oct 31, 2019 | -51.80 Mn |
| Jul 31, 2019 | -9.90 Mn |
| Apr 30, 2019 | -18.70 Mn |
| Jan 31, 2019 | 6.60 Mn |
| Oct 31, 2018 | -32.10 Mn |
| Jul 31, 2018 | 17.10 Mn |
| Apr 30, 2018 | -45.30 Mn |
| Jan 31, 2018 | -22.50 Mn |
| Oct 31, 2017 | -53.50 Mn |
| Jul 31, 2017 | -27.30 Mn |
| Apr 30, 2017 | -49.10 Mn |
| Jan 31, 2017 | -54.40 Mn |
| Oct 31, 2016 | -49.00 Mn |
| Jul 31, 2016 | -22.70 Mn |