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

Palo Alto Networks (PANW) has reported Gross Margin for 16 consecutive years, with 73.59% the latest figure, recorded in Q1 2026.

• In Q1 2026, Gross Margin rose 13.0% year-over-year to 73.59%; the TTM figure through Jan 2026 stood at 73.5% (down 36.0% YoY), while the FY2025 annual figure was 73.41%, down 93.0% from the prior year.
• Gross Margin came in at 73.59% for Q1 2026 at Palo Alto Networks, down from 74.21% in the prior quarter.
• The five-year high for Gross Margin was 74.83% in Q4 2023, with the low at 68.23% in Q2 2022.
• Average Gross Margin over 5 years is 72.56%, with a median of 73.46% recorded in 2025.
• Across the five-year window, Gross Margin slumped 232 bps in 2022 and surged 581 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 70.46% in 2022, then climbed by 6 bps to 74.83% in 2023, then retreated by 1 bps to 74.1% in 2024, then climbed by 0 bps to 74.21% in 2025, then fell by 1 bps to 73.59% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 73.59%, 74.21%, and 73.23% for Q1 2026, Q4 2025, and Q3 2025 respectively.