Palo Alto Networks (PANW) EBT Margin (2011 - 2026)
Palo Alto Networks' EBT Margin was -7.89% in fiscal Q4 2026 (quarter ended Jul 31, 2026), down 31.23 percentage points from 23.34% a year earlier and down 2.69 percentage points from the prior quarter.
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Analysis
Palo Alto Networks (PANW) EBT Margin (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), EBT Margin at Palo Alto Networks came in at 4.67%, down 12.64 percentage points from FY2025.
- EBT Margin shows a five-year change of +15.59 percentage points (FY2021 to FY2026).
- In earlier fiscal years, EBT Margin was 17.31% in FY2025 (+5.00 pp), 12.31% in FY2024 (+4.09 pp), 8.22% in FY2023 (+11.98 pp) and -3.77% in FY2022 (+7.16 pp).
- The fiscal Q4 2026 figure marks the lowest quarterly EBT Margin since fiscal Q4 2021.
- Compared with a year earlier, EBT Margin was higher in five of the last eight quarters, with an average year-over-year change of -3.05 percentage points.
- The best year-over-year quarter for EBT Margin over five years was fiscal Q4 2023 (a gain of 15.09 percentage points); the worst was fiscal Q4 2026 (a drop of 31.23 percentage points).
- Per Business Quant data, PANW's EBT Margin in the three fiscal quarters before Q4 2026 was -5.20% (Q3 2026), 21.16% (Q2 2026) and 16.65% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.75 Bn | 249.82 Bn | 2.30 Bn | -7.89% |
| 2 | CrowdStrike Holdings | 238.93 Bn | 219.33 Bn | 1.10 Bn | 0.27% |
| 3 | Fortinet | 127.84 Bn | 113.77 Bn | 1.64 Bn | 35.17% |
| 4 | Snowflake | 110.22 Bn | 97.54 Bn | 1.04 Bn | -12.17% |
| 5 | Datadog | 89.46 Bn | 71.10 Bn | 881.34 Mn | 4.61% |
| 6 | Zscaler | 33.91 Bn | 20.03 Bn | - | - |
| 7 | Okta | 33.86 Bn | 23.96 Bn | 641.00 Mn | 15.65% |
| 8 | Axon Enterprise | 32.92 Bn | 27.44 Bn | 546.45 Mn | 3.61% |
| 9 | MongoDB | 27.85 Bn | 18.31 Bn | 569.77 Mn | 5.95% |
| 10 | F5 | 25.12 Bn | 19.53 Bn | 711.51 Mn | 26.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -7.89% |
| Apr 30, 2026 | -5.20% |
| Jan 31, 2026 | 21.16% |
| Oct 31, 2025 | 16.65% |
| Jul 31, 2025 | 23.34% |
| Apr 30, 2025 | 13.59% |
| Jan 31, 2025 | 14.40% |
| Oct 31, 2024 | 17.20% |
| Jul 31, 2024 | 14.56% |
| 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% |
API Access
Palo Alto Networks EBT 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=ebt-margin&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();