Palo Alto Networks (PANW) EBITDA Margin (2011 - 2026)
Palo Alto Networks' (PANW) quarterly EBITDA Margin came in at 5.04% in Q3 2026, down 1455.0% year-over-year from 0.37% in Q3 2025, and up 182.74% on a QoQ basis from 6.1% in Q2 2026.
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Analysis
Palo Alto Networks (PANW) EBITDA Margin (2011 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 16 years of EBITDA Margin data on file, last reported at 5.04% in Q3 2026.
- On a quarterly basis, EBITDA Margin fell 1455.0% year-over-year to 5.04% in Q3 2026; TTM through Jul 2026 was 6.05%, a 743.0% decrease from a year earlier, with the FY2026 full-year figure at 6.05%, down 743.0% from the prior year.
- EBITDA Margin for Q3 2026 stood at 5.04%, up from 6.1% in the prior quarter.
- Across five years, EBITDA Margin topped out at 19.6% in Q3 2025 and bottomed at 6.1% in Q2 2026.
- Historically, EBITDA Margin has averaged 6.67% across 5 years, with a median of 8.9% in 2024.
- The widest annual swing landed in 2023, when EBITDA Margin jumped 1198 bps; it then slumped 1566 bps in 2026.
- Year by year, EBITDA Margin stood at 0.97% in 2022, then surged by 1079 bps to 11.46% in 2023, then increased by 17 bps to 13.37% in 2024, then decreased by 7 bps to 12.49% in 2025, then plunged by 60 bps to 5.04% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 5.04% in Q3 2026, 6.1% in Q2 2026, and 15.3% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 5.04% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 33.66% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -17.00% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 0.49% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 5.17% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 3.68% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 13.29% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 19.62% |
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 | 13.42% |
| Jan 31, 2025 | 14.55% |
| 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();