Palo Alto Networks (PANW) Free Cash Flow (2011 - 2026)
Palo Alto Networks (PANW) recorded quarterly Free Cash Flow of $384.0 million in Q1 2026, down 77.24% quarter-over-quarter from $1.7 billion in Q4 2025, and down 24.56% on a YoY basis from $509.0 million in Q1 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 was $384.0 million for Q1 2026 at Palo Alto Networks, down from $1.7 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $1.7 billion in Q4 2025 to a low of $351.2 million in Q2 2022.
- Historically, Free Cash Flow has averaged $735.9 million across 5 years, with a median of $509.0 million in 2025.
- The sharpest annual moves came in 2022 and 2026: Free Cash Flow jumped 115.97% in 2022, then slipped 24.56% in 2026.
- A 5-year view of Free Cash Flow shows it stood at $1.2 billion in 2022, then increased by 24.4% to $1.5 billion in 2023, then slipped by 1.56% to $1.5 billion in 2024, then gained by 15.08% to $1.7 billion in 2025, then plunged by 77.24% to $384.0 million in 2026.
- The last three Free Cash Flow figures came in at $384.0 million (Q1 2026), $1.7 billion (Q4 2025), and $934.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 15.80 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 9.49 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 891.76 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 384.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 395.40 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 1.02 Bn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 821.51 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 93.10 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | -4.71 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Oct 31, 2023 | 1.49 Bn |
| Oct 31, 2023 | 1.49 Bn |