Palo Alto Networks (PANW) Free Cash Flow (2011 - 2026)
Palo Alto Networks' (PANW) quarterly Free Cash Flow came in at $384.0 million in Q1 2026, down 24.56% year-on-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.
- On a quarterly basis, Free Cash Flow fell 24.56% year-over-year to $384.0 million in Q1 2026; TTM through Jan 2026 was $3.6 billion, a 21.62% increase from a year earlier, with the FY2025 full-year figure at $3.5 billion, up 11.9% from the prior year.
- Free Cash Flow declined to $384.0 million in Q1 2026 per PANW's latest filing, from $1.7 billion 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.
- The 5-year median for Free Cash Flow is $509.0 million (2025), against an average of $735.9 million.
- Across the five-year window, Free Cash Flow soared 115.97% in 2022 and declined 24.56% in 2026, its largest moves.
- Year by year, Free Cash Flow 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 slumped by 77.24% to $384.0 million in 2026.
- Per Business Quant, the three latest PANW Free Cash Flow figures stand at $384.0 million (Q1 2026), $1.7 billion (Q4 2025), and $934.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 45.75 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 223.25 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | -1.87 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 891.76 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 384.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 628.76 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 1.02 Bn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 164.72 Mn |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | 775.42 Mn |
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 |