Palo Alto Networks (PANW) EBITDA Margin (2011 - 2026)
Palo Alto Networks (PANW) recorded EBITDA Margin of 20.32% in fiscal Q4 2026 (quarter ended Jul 31, 2026), down 7.99 percentage points from 28.31% a year earlier but up 10.33 percentage points from the prior quarter.
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Analysis
Palo Alto Networks (PANW) EBITDA Margin (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Palo Alto Networks reported EBITDA Margin of 18.64%, down 3.78 percentage points from FY2025.
- Annual EBITDA Margin has a five-year change of +12.67 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, EBITDA Margin came in at 22.42% in FY2025 (+4.80 pp), 17.62% in FY2024 (+1.90 pp), 15.71% in FY2023 (+7.42 pp) and 8.29% in FY2022 (+2.31 pp).
- Quarterly EBITDA Margin has ranged from 5.79% in fiscal Q1 2022 to 28.31% in fiscal Q4 2025 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in five of the last eight quarters, with an average year-over-year change of +0.65 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 10.28 percentage points in fiscal Q4 2023, against a drop of 8.62 percentage points in fiscal Q3 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 9.99% (Q3 2026), 24.02% (Q2 2026) and 21.18% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.72 Bn | 249.79 Bn | 2.30 Bn | 20.32% |
| 2 | CrowdStrike Holdings | 238.73 Bn | 219.14 Bn | 1.10 Bn | 11.58% |
| 3 | Fortinet | 127.27 Bn | 113.20 Bn | 1.64 Bn | 40.40% |
| 4 | Snowflake | 110.23 Bn | 97.55 Bn | 1.04 Bn | -8.70% |
| 5 | Datadog | 89.17 Bn | 70.81 Bn | 881.34 Mn | 4.19% |
| 6 | Zscaler | 33.92 Bn | 20.04 Bn | - | - |
| 7 | Okta | 33.82 Bn | 23.92 Bn | 641.00 Mn | 20.62% |
| 8 | Axon Enterprise | 33.04 Bn | 27.56 Bn | 546.45 Mn | 8.76% |
| 9 | MongoDB | 27.87 Bn | 18.34 Bn | 569.77 Mn | 4.58% |
| 10 | F5 | 25.05 Bn | 19.46 Bn | 711.51 Mn | 27.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 20.32% |
| Apr 30, 2026 | 9.99% |
| Jan 31, 2026 | 24.02% |
| Oct 31, 2025 | 21.18% |
| Jul 31, 2025 | 28.31% |
| Apr 30, 2025 | 18.61% |
| Jan 31, 2025 | 19.63% |
| Oct 31, 2024 | 22.44% |
| Jul 31, 2024 | 19.95% |
| Apr 30, 2024 | 12.69% |
| Jan 31, 2024 | 6.24% |
| Oct 31, 2023 | 20.50% |
| Jul 31, 2023 | 22.46% |
| Apr 30, 2023 | 8.88% |
| Jan 31, 2023 | 6.74% |
| Oct 31, 2022 | 11.70% |
| Jul 31, 2022 | 12.18% |
| Apr 30, 2022 | 1.85% |
| Jan 31, 2022 | -0.18% |
| Oct 31, 2021 | 5.79% |
API Access
Palo Alto Networks EBITDA Margin 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=ebitda-margin&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();