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
DateValue
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