Palo Alto Networks (PANW) Gross Margin (2011 - 2026)

Palo Alto Networks has reported Gross Margin for 16 years, with the latest figure at 67.55% in Q2 2026.

• On a quarterly basis, Gross Margin fell 540.0% year-over-year to 67.55% in Q2 2026; TTM through Apr 2026 was 71.94%, a 163.0% decrease from a year earlier, with the FY2025 full-year figure at 73.41%, down 93.0% from the prior year.
• Gross Margin was 67.55% for Q2 2026 at Palo Alto Networks, down from 73.59% in the prior quarter.
• The five-year high for Gross Margin was 74.83% in Q4 2023, with the low at 67.55% in Q2 2026.
• Average Gross Margin over 5 years is 72.28%, with a median of 73.33% recorded in 2025.
• The sharpest annual moves came in 2023 and 2026: Gross Margin soared 581 bps in 2023, then plunged 540 bps in 2026.
• Over 5 years, Gross Margin stood at 70.46% in 2022, then gained by 6 bps to 74.83% in 2023, then declined by 1 bps to 74.1% in 2024, then gained by 0 bps to 74.21% in 2025, then decreased by 9 bps to 67.55% in 2026.
• The last three Gross Margin figures came in at 67.55% (Q2 2026), 73.59% (Q1 2026), and 74.21% (Q4 2025), per Business Quant data.