Palo Alto Networks (PANW) Free Cash Flow (2011 - 2026)
Palo Alto Networks' (PANW) quarterly Free Cash Flow came in at $1.3 billion in Q3 2026, up 34.26% year-over-year from $934.0 million in Q3 2025, and up 59.14% on a QoQ basis from $788.0 million in Q2 2026.
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Analysis
Palo Alto Networks (PANW) Free Cash Flow (2011 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 16 years of Free Cash Flow data on file, last reported at $1.3 billion in Q3 2026.
- On a quarterly basis, Free Cash Flow rose 34.26% year-over-year to $1.3 billion in Q3 2026; TTM through Jul 2026 was $4.1 billion, a 18.56% increase from a year earlier, with the FY2026 full-year figure at $4.1 billion, up 18.56% from the prior year.
- Free Cash Flow for Q3 2026 stood at $1.3 billion, up from $788.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.7 billion in Q4 2025 and bottomed at $351.2 million in Q2 2022.
- Historically, Free Cash Flow has averaged $765.9 million across 5 years, with a median of $560.0 million in 2025.
- The widest annual swing landed in 2022, when Free Cash Flow surged 115.97%; it then dropped 24.56% in 2026.
- Year by year, Free Cash Flow stood at $1.2 billion in 2022, then advanced by 24.4% to $1.5 billion in 2023, then fell by 1.56% to $1.5 billion in 2024, then grew by 15.08% to $1.7 billion in 2025, then decreased by 25.67% to $1.3 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $1.3 billion in Q3 2026, $788.0 million in Q2 2026, and $384.0 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 1.25 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 405.86 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 965.60 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 88.27 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 288.59 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | -972,000.00 |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 138.71 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 228.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 2.18 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.25 Bn |
| Apr 30, 2026 | 788.00 Mn |
| Jan 31, 2026 | 384.00 Mn |
| Oct 31, 2025 | 1.69 Bn |
| Jul 31, 2025 | 934.00 Mn |
| Apr 30, 2025 | 560.00 Mn |
| Jan 31, 2025 | 509.00 Mn |
| Oct 31, 2024 | 1.47 Bn |
| Jul 31, 2024 | 465.50 Mn |
| Apr 30, 2024 | 491.50 Mn |
| Jan 31, 2024 | 654.80 Mn |
| Oct 31, 2023 | 1.49 Bn |
| Jul 31, 2023 | 376.90 Mn |
| Apr 30, 2023 | 400.90 Mn |
| Jan 31, 2023 | 656.30 Mn |
| Oct 31, 2022 | 1.20 Bn |
| Jul 31, 2022 | 484.50 Mn |
| Apr 30, 2022 | 351.20 Mn |
| Jan 31, 2022 | 401.90 Mn |
| Oct 31, 2021 | 554.30 Mn |
API Access
Palo Alto Networks Free Cash Flow 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=free-cash-flow&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();