Palo Alto Networks (PANW) Goodwill (2014 - 2026)
Palo Alto Networks (PANW) reported Goodwill of $22.01 billion for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 381.9% from $4.57 billion a year earlier and up 0.5% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Goodwill (2014 - 2026) Analysis & Trends
Dating back to fiscal Q3 2014, Palo Alto Networks' Goodwill record includes 50 quarters.
- Goodwill has increased for ten consecutive fiscal years, with a five-year compound annual growth rate of 52.0% (FY2021 to FY2026).
- By fiscal year, Goodwill came in at $4.57 billion in FY2025 (+36.3%), $3.35 billion in FY2024 (+14.5%), $2.93 billion in FY2023 (+6.5%) and $2.75 billion in FY2022 (+1.4%).
- The fiscal Q4 2026 figure ranks as the highest quarterly Goodwill in data going back to fiscal Q3 2014.
- Year over year, Goodwill has now increased in each of the last 38 quarters, with growth averaging 127.7% over the last eight quarters.
- The year-over-year growth in Goodwill has ranged between 0.6% (fiscal Q1 2023) and 440.7% (fiscal Q3 2026) over the last five years.
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $21.9 billion (Q3 2026), $6.93 billion (Q2 2026) and $4.57 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 305.41 Bn | 290.49 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 258.16 Bn | 238.60 Bn | 1.10 Bn |
| 3 | Fortinet | 127.25 Bn | 113.18 Bn | 1.64 Bn |
| 4 | Snowflake | 118.44 Bn | 105.76 Bn | 1.04 Bn |
| 5 | Datadog | 96.25 Bn | 77.89 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 34.94 Bn | 29.46 Bn | 546.45 Mn |
| 7 | MongoDB | 33.06 Bn | 23.53 Bn | 569.77 Mn |
| 8 | Okta | 32.62 Bn | 22.72 Bn | 641.00 Mn |
| 9 | Zscaler | 31.48 Bn | 17.60 Bn | - |
| 10 | Baidu | 29.71 Bn | -43.91 Bn | 1.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 22.01 Bn |
| Apr 30, 2026 | 21.90 Bn |
| Jan 31, 2026 | 6.93 Bn |
| Oct 31, 2025 | 4.57 Bn |
| Jul 31, 2025 | 4.57 Bn |
| Apr 30, 2025 | 4.05 Bn |
| Jan 31, 2025 | 4.05 Bn |
| Oct 31, 2024 | 4.05 Bn |
| Jul 31, 2024 | 3.35 Bn |
| Apr 30, 2024 | 3.37 Bn |
| Jan 31, 2024 | 3.37 Bn |
| Oct 31, 2023 | 2.93 Bn |
| Jul 31, 2023 | 2.93 Bn |
| Apr 30, 2023 | 2.93 Bn |
| Jan 31, 2023 | 2.91 Bn |
| Oct 31, 2022 | 2.75 Bn |
| Jul 31, 2022 | 2.75 Bn |
| Apr 30, 2022 | 2.73 Bn |
| Jan 31, 2022 | 2.73 Bn |
| Oct 31, 2021 | 2.73 Bn |
API Access
Palo Alto Networks Goodwill 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=goodwill&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "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=goodwill&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();