Palo Alto Networks (PANW) Free Cash Flow (2011 - 2026)
Palo Alto Networks' Free Cash Flow came in at $1.25 billion for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 34.3% from $934 million a year earlier and up 59.1% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Free Cash Flow (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Palo Alto Networks' Free Cash Flow was $4.11 billion, up 18.6% from FY2025.
- Free Cash Flow has increased in each of the last six fiscal years, with a five-year compound annual growth rate of 24.3% (FY2021 to FY2026).
- Going back by fiscal year, Free Cash Flow was $3.47 billion in FY2025 (+11.9%), $3.1 billion in FY2024 (+17.9%), $2.63 billion in FY2023 (+46.8%) and $1.79 billion in FY2022 (+29.2%).
- The five-year range for quarterly Free Cash Flow is $351.2 million (fiscal Q3 2022) to $1.69 billion (fiscal Q1 2026).
- Year-over-year, Free Cash Flow increased in five of the last eight quarters, with growth averaging 19.5%.
- The fastest year-over-year change in Free Cash Flow over five years came in fiscal Q1 2023 (growth of 116.0%), and the weakest in fiscal Q2 2026 (a decline of 24.6%).
- Business Quant data shows PANW's Free Cash Flow at $788 million (Q3 2026), $384 million (Q2 2026) and $1.69 billion (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.64 Bn | 241.72 Bn | 2.30 Bn | 1.25 Bn |
| 2 | CrowdStrike Holdings | 232.35 Bn | 212.75 Bn | 1.10 Bn | 405.86 Mn |
| 3 | Fortinet | 123.26 Bn | 109.19 Bn | 1.64 Bn | 965.60 Mn |
| 4 | Snowflake | 108.15 Bn | 95.47 Bn | 1.04 Bn | 83.80 Mn |
| 5 | Datadog | 88.38 Bn | 70.02 Bn | 881.34 Mn | 305.98 Mn |
| 6 | Zscaler | 32.92 Bn | 19.04 Bn | - | - |
| 7 | Okta | 32.82 Bn | 22.92 Bn | 641.00 Mn | 233.00 Mn |
| 8 | Axon Enterprise | 32.21 Bn | 26.73 Bn | 546.45 Mn | -972,000.00 |
| 9 | MongoDB | 27.08 Bn | 17.55 Bn | 569.77 Mn | 139.41 Mn |
| 10 | F5 | 25.16 Bn | 19.57 Bn | 711.51 Mn | 280.61 Mn |
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();