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
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