Palo Alto Networks (PANW) FCF Margin (2011 - 2026)

Palo Alto Networks' FCF Margin history runs 16 years deep, the most recent figure standing at 14.8% for Q1 2026.

• In Q1 2026, FCF Margin fell 775.0% year-over-year to 14.8%; the TTM figure through Jan 2026 stood at 36.04% (up 183.0% YoY), while the FY2025 annual figure was 37.63%, down 100.0% from the prior year.
• FCF Margin was 14.8% for Q1 2026 at Palo Alto Networks, down from 68.19% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 79.29% in Q4 2023 to a low of 14.8% in Q1 2026.
• Historically, FCF Margin has averaged 37.63% across 5 years, with a median of 30.52% in 2022.
• The sharpest annual moves came in 2022 and 2023: FCF Margin jumped 3213 bps in 2022, then plunged 1195 bps in 2023.
• A 5-year view of FCF Margin shows it 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 plunged by 78 bps to 14.8% in 2026.
• The last three FCF Margin figures came in at 14.8% (Q1 2026), 68.19% (Q4 2025), and 36.85% (Q3 2025), per Business Quant data.