Palo Alto Networks (PANW) Free Cash Flow (2011 - 2026)
Palo Alto Networks (PANW) posted quarterly Free Cash Flow of $384.0 million for Q1 2026, down 24.56% year-over-year from $509.0 million in Q1 2025, and down 77.24% quarter-over-quarter from $1.7 billion in Q4 2025.
Palo Alto Networks (PANW) Free Cash Flow (2011 - 2026) Analysis & Trends
Palo Alto Networks' Free Cash Flow history runs 16 years deep, the most recent figure standing at $384.0 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 24.56% year-over-year to $384.0 million; the TTM figure through Jan 2026 stood at $3.6 billion (up 21.62% YoY), while the FY2025 annual figure was $3.5 billion, up 11.9% from the prior year.
- Free Cash Flow for Q1 2026 stood at $384.0 million, down from $1.7 billion in the prior quarter.
- The five-year high for Free Cash Flow was $1.7 billion in Q4 2025, with the low at $351.2 million in Q2 2022.
- The 5-year median for Free Cash Flow is $509.0 million (2025), against an average of $735.9 million.
- The sharpest annual moves came in 2022 and 2026: Free Cash Flow soared 115.97% in 2022, then decreased 24.56% in 2026.
- Palo Alto Networks' Free Cash Flow stood at $1.2 billion in 2022, then grew by 24.4% to $1.5 billion in 2023, then decreased by 1.56% to $1.5 billion in 2024, then rose by 15.08% to $1.7 billion in 2025, then tumbled by 77.24% to $384.0 million in 2026.
- Business Quant data shows PANW's Free Cash Flow at $384.0 million in Q1 2026, $1.7 billion in Q4 2025, and $934.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 19.64 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -1.87 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.20 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 788.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 965.60 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 67.60 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 775.42 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -5.74 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -7.56 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 900.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 788.00 Mn |
| Apr 30, 2026 | 788.00 Mn |
| Jan 31, 2026 | 384.00 Mn |
| Jan 31, 2026 | 384.00 Mn |
| Oct 31, 2025 | 1.69 Bn |
| Oct 31, 2025 | 1.69 Bn |
| Jul 31, 2025 | 934.50 Mn |
| Jul 31, 2025 | 934.50 Mn |
| Apr 30, 2025 | 560.30 Mn |
| Apr 30, 2025 | 560.30 Mn |
| Jan 31, 2025 | 509.00 Mn |
| Jan 31, 2025 | 509.00 Mn |
| Oct 31, 2024 | 1.47 Bn |
| Oct 31, 2024 | 1.47 Bn |
| Jul 31, 2024 | 465.30 Mn |
| Jul 31, 2024 | 465.30 Mn |
| Apr 30, 2024 | 491.50 Mn |
| Apr 30, 2024 | 491.50 Mn |
| Jan 31, 2024 | 654.80 Mn |
| Jan 31, 2024 | 654.80 Mn |