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
DateValue
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%