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 for Q1 2026 stood at 14.8%, down from 68.19% in the prior quarter.
• The five-year high for FCF Margin was 79.29% in Q4 2023, with the low at 14.8% in Q1 2026.
• The 5-year median for FCF Margin is 30.52% (2022), against an average of 37.63%.
• The sharpest annual moves came in 2022 and 2023: FCF Margin soared 3213 bps in 2022, then tumbled 1195 bps in 2023.
• Palo Alto Networks' FCF Margin stood at 76.57% in 2022, then climbed by 4 bps to 79.29% in 2023, then slipped by 14 bps to 68.54% in 2024, then retreated by 1 bps to 68.19% in 2025, then tumbled by 78 bps to 14.8% in 2026.
• Business Quant data shows PANW's FCF Margin at 14.8% in Q1 2026, 68.19% in Q4 2025, and 36.85% in Q3 2025.