Palo Alto Networks (PANW) EBT Margin (2011 - 2026)
Palo Alto Networks' (PANW) quarterly EBT Margin came in at 21.16% in Q1 2026, up 676.0% year-on-year from 2.73% in Q1 2025, and up 27.09% quarter-over-quarter from 16.65% in Q4 2025.
Palo Alto Networks (PANW) EBT Margin (2011 - 2026) Analysis & Trends
Palo Alto Networks' EBT Margin history runs 16 years deep, the most recent figure standing at 21.16% for Q1 2026.
- On a quarterly basis, EBT Margin rose 676.0% year-over-year to 21.16% in Q1 2026; TTM through Jan 2026 was 18.83%, a 409.0% increase from a year earlier, with the FY2025 full-year figure at 17.3%, up 499.0% from the prior year.
- EBT Margin advanced to 21.16% in Q1 2026 per PANW's latest filing, from 16.65% in the prior quarter.
- Across five years, EBT Margin topped out at 23.33% in Q3 2025 and bottomed at 6.14% in Q1 2022.
- The 5-year median for EBT Margin is 13.56% (2025), against an average of 10.46%.
- Across the five-year window, EBT Margin jumped 1509 bps in 2023 and sank 163 bps in 2024, its largest moves.
- Year by year, EBT Margin stood at 2.2% in 2022, then jumped by 584 bps to 15.05% in 2023, then rose by 14 bps to 17.2% in 2024, then fell by 3 bps to 16.65% in 2025, then gained by 27 bps to 21.16% in 2026.
- Per Business Quant, the three latest PANW EBT Margin figures stand at 21.16% (Q1 2026), 16.65% (Q4 2025), and 23.33% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,834.76 Bn | 2,710.32 Bn | 56.06 Bn | 47.46% |
| 2 | PagSeguro Digital | 2,643.44 Bn | 2,643.44 Bn | 358.92 Mn | 12.41% |
| 3 | Oracle | 345.72 Bn | 314.37 Bn | - | 27.99% |
| 4 | Repay Holdings | 297.29 Bn | 297.14 Bn | - | - |
| 5 | Palantir Technologies | 295.33 Bn | 287.41 Bn | 1.42 Bn | 54.43% |
| 6 | Pagaya Technologies | 249.07 Bn | 249.08 Bn | 140.38 Mn | 8.59% |
| 7 | Palo Alto Networks | 228.92 Bn | 224.38 Bn | 1.91 Bn | 21.16% |
| 8 | CrowdStrike Holdings | 183.84 Bn | 180.79 Bn | 993.68 Mn | 4.43% |
| 9 | Fortinet | 111.23 Bn | 107.94 Bn | 1.49 Bn | 35.50% |
| 10 | Cloudflare | 92.51 Bn | 91.57 Bn | 455.60 Mn | -3.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 21.16% |
| Oct 31, 2025 | 16.65% |
| Jul 31, 2025 | 23.33% |
| Apr 30, 2025 | 13.56% |
| Jan 31, 2025 | 14.40% |
| Oct 31, 2024 | 17.20% |
| Jul 31, 2024 | 14.57% |
| Apr 30, 2024 | 12.66% |
| Jan 31, 2024 | 6.86% |
| Oct 31, 2023 | 15.05% |
| Jul 31, 2023 | 16.20% |
| Apr 30, 2023 | 7.61% |
| Jan 31, 2023 | 5.10% |
| Oct 31, 2022 | 2.20% |
| Jul 31, 2022 | 1.12% |
| Apr 30, 2022 | -3.79% |
| Jan 31, 2022 | -6.14% |
| Oct 31, 2021 | -7.31% |
| Jul 31, 2021 | -8.39% |
| Apr 30, 2021 | -14.01% |