Palo Alto Networks (PANW) FCF Margin (2011 - 2026)
Palo Alto Networks (PANW) posted FCF Margin of 14.8% for Q1 2026, down 78.29% on a QoQ basis from 68.19% in Q4 2025, and down 775.0% year-on-year from 2.19% in Q1 2025.
Palo Alto Networks (PANW) FCF Margin (2011 - 2026) Analysis & Trends
Palo Alto Networks has disclosed FCF Margin across 16 years of filings, most recently posting 14.8% for Q1 2026.
- FCF Margin for Q1 2026 came in at 14.8%, down 775.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 36.04% (up 183.0% YoY), and the FY2025 annual result was 37.63%, down 100.0% from the prior year.
- FCF Margin came in at 14.8% for Q1 2026 at Palo Alto Networks, down from 68.19% in the prior quarter.
- Over the last five years, FCF Margin for PANW reached as high as 79.29% in Q4 2023 and fell as low as 14.8% in Q1 2026.
- Median FCF Margin over the past 5 years was 30.52% (2022), compared with a mean of 37.63%.
- Year-over-year, FCF Margin surged 3213 bps in 2022 and tumbled 1195 bps in 2023.
- Over 5 years, FCF Margin stood at 76.57% in 2022, then grew by 4 bps to 79.29% in 2023, then dropped by 14 bps to 68.54% in 2024, then decreased by 1 bps to 68.19% in 2025, then slumped by 78 bps to 14.8% in 2026.
- Per Business Quant, the three latest PANW FCF Margin figures stand at 14.8% (Q1 2026), 68.19% (Q4 2025), and 36.85% (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -368.92% |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 19.07% |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 54.62% |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 14.80% |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 30.29% |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 72.18% |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 55.21% |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | 14.55% |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 34.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 14.80% |
| Oct 31, 2025 | 68.19% |
| Jul 31, 2025 | 36.85% |
| Apr 30, 2025 | 24.48% |
| Jan 31, 2025 | 22.55% |
| Oct 31, 2024 | 68.54% |
| Jul 31, 2024 | 21.25% |
| Apr 30, 2024 | 24.76% |
| Jan 31, 2024 | 33.15% |
| Oct 31, 2023 | 79.29% |
| Jul 31, 2023 | 19.30% |
| Apr 30, 2023 | 23.30% |
| Jan 31, 2023 | 39.65% |
| Oct 31, 2022 | 76.57% |
| Jul 31, 2022 | 31.25% |
| Apr 30, 2022 | 25.33% |
| Jan 31, 2022 | 30.52% |
| Oct 31, 2021 | 44.44% |
| Jul 31, 2021 | 24.47% |
| Apr 30, 2021 | 23.36% |