Palo Alto Networks (PANW) FCF Margin (2011 - 2026)
Palo Alto Networks (PANW) posted FCF Margin of 36.77% for fiscal Q4 2026 (quarter ended Jul 31, 2026), down 0.06 percentage points from 36.83% a year earlier but up 10.53 percentage points from the prior quarter.
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Analysis
Palo Alto Networks (PANW) FCF Margin (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Palo Alto Networks' FCF Margin came in at 35.83%, down 1.79 percentage points from FY2025.
- Annual FCF Margin shows a five-year change of +3.24 percentage points (FY2021 to FY2026).
- In prior fiscal years, Palo Alto Networks' FCF Margin was 37.62% in FY2025 (-1.01 pp), 38.63% in FY2024 (+0.46 pp), 38.17% in FY2023 (+5.60 pp) and 32.57% in FY2022 (-0.02 pp).
- Quarterly FCF Margin has run from a low of 14.80% in fiscal Q2 2026 to a high of 79.29% in fiscal Q1 2024 over five years.
- On a year-over-year basis, FCF Margin increased in two of the last eight quarters, with an average year-over-year change of -1.56 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was fiscal Q1 2023, with a gain of 32.13 percentage points; the weakest was fiscal Q4 2023, with a drop of 11.95 percentage points.
- According to Business Quant data, FCF Margin for the three prior fiscal quarters was 26.25% (Q3 2026), 14.80% (Q2 2026) and 68.19% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.72 Bn | 249.79 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 238.73 Bn | 219.14 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 127.27 Bn | 113.20 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 110.23 Bn | 97.55 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 89.17 Bn | 70.81 Bn | 881.34 Mn | 27.28% |
| 6 | Zscaler | 33.92 Bn | 20.04 Bn | - | - |
| 7 | Okta | 33.82 Bn | 23.92 Bn | 641.00 Mn | 28.94% |
| 8 | Axon Enterprise | 33.04 Bn | 27.56 Bn | 546.45 Mn | -0.11% |
| 9 | MongoDB | 27.87 Bn | 18.34 Bn | 569.77 Mn | 18.06% |
| 10 | F5 | 25.05 Bn | 19.46 Bn | 711.51 Mn | 32.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 36.77% |
| Apr 30, 2026 | 26.25% |
| Jan 31, 2026 | 14.80% |
| Oct 31, 2025 | 68.19% |
| Jul 31, 2025 | 36.83% |
| Apr 30, 2025 | 24.46% |
| Jan 31, 2025 | 22.55% |
| Oct 31, 2024 | 68.54% |
| Jul 31, 2024 | 21.27% |
| 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% |
API Access
Palo Alto Networks FCF 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=fcf-margin&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();