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.

• On a quarterly basis, FCF Margin fell 775.0% year-over-year to 14.8% in Q1 2026; TTM through Jan 2026 was 36.04%, a 183.0% increase from a year earlier, with the FY2025 full-year figure at 37.63%, down 100.0% from the prior year.
• FCF Margin fell to 14.8% in Q1 2026 per PANW's latest filing, from 68.19% in the prior quarter.
• Across five years, FCF Margin topped out at 79.29% in Q4 2023 and bottomed at 14.8% in Q1 2026.
• The 5-year median for FCF Margin is 30.52% (2022), against an average of 37.63%.
• Across the five-year window, FCF Margin soared 3213 bps in 2022 and plunged 1195 bps in 2023, its largest moves.
• Year by year, 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).