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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Palo Alto Networks (PANW) Gross Margin (2016 - 2026)

Palo Alto Networks has reported Gross Margin over the past 16 years, most recently at 73.59% for Q1 2026.

  • Quarterly results put Gross Margin at 73.59% for Q1 2026, up 13.0% from a year ago — trailing twelve months through Jan 2026 was 73.5% (down 36.0% YoY), and the annual figure for FY2025 was 73.41%, down 93.0%.
  • Gross Margin for Q1 2026 was 73.59% at Palo Alto Networks, down from 74.21% in the prior quarter.
  • Over the last five years, Gross Margin for PANW hit a ceiling of 74.83% in Q4 2023 and a floor of 68.23% in Q2 2022.
  • Median Gross Margin over the past 5 years was 73.46% (2025), compared with a mean of 72.56%.
  • Biggest five-year swings in Gross Margin: crashed -232bps in 2022 and later skyrocketed 581bps in 2023.
  • Palo Alto Networks' Gross Margin stood at 70.46% in 2022, then grew by 6bps to 74.83% in 2023, then decreased by -1bps to 74.1% in 2024, then grew by 0bps to 74.21% in 2025, then dropped by -1bps to 73.59% in 2026.
  • The last three reported values for Gross Margin were 73.59% (Q1 2026), 74.21% (Q4 2025), and 73.23% (Q3 2025) per Business Quant data.