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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 (PANW) has 16 years of Gross Margin data on record, last reported at 73.59% in Q1 2026.

  • For Q1 2026, Gross Margin rose 12.0% year-over-year to 73.59%; the TTM value through Jan 2026 reached 73.5%, down 36.0%, while the annual FY2025 figure was 73.41%, 93.0% down from the prior year.
  • Gross Margin reached 73.59% in Q1 2026 per PANW's latest filing, down from 74.21% in the prior quarter.
  • Across five years, Gross Margin topped out at 74.83% in Q4 2023 and bottomed at 68.23% in Q2 2022.
  • Average Gross Margin over 5 years is 72.56%, with a median of 73.47% recorded in 2025.
  • Peak YoY movement for Gross Margin: plummeted -232bps in 2022, then surged 581bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 70.46% in 2022, then rose by 6bps to 74.83% in 2023, then dropped by -1bps to 74.1% in 2024, then rose by 0bps to 74.21% in 2025, then fell by -1bps to 73.59% in 2026.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 73.59% in Q1 2026, 74.21% in Q4 2025, and 73.22% in Q3 2025.