Palo Alto Networks (PANW) Invested Capital (2015 - 2025)

Palo Alto Networks' Invested Capital history runs 10 years deep, the most recent figure standing at $383.2 million for Q2 2025.

• On a quarterly basis, Invested Capital fell 67.04% year-over-year to $383.2 million in Q2 2025; TTM through Jan 2026 was $383.2 million, a 88.41% decrease from a year earlier, with the FY2024 full-year figure at $963.9 million, down 51.6% from the prior year.
• Invested Capital fell to $383.2 million in Q2 2025 per PANW's latest filing, from $533.8 million in the prior quarter.
• Across five years, Invested Capital topped out at $3.7 billion in Q2 2023 and bottomed at $383.2 million in Q2 2025.
• The 5-year median for Invested Capital is $1.9 billion (2023), against an average of $2.3 billion.
• Across the five-year window, Invested Capital surged 140.82% in 2022 and plunged 70.7% in 2025, its largest moves.
• Year by year, Invested Capital stood at $3.7 billion in 2021, then rose by 0.18% to $3.7 billion in 2022, then tumbled by 47.08% to $1.9 billion in 2023, then tumbled by 66.83% to $645.8 million in 2024, then plunged by 40.66% to $383.2 million in 2025.
• Per Business Quant, the three latest PANW Invested Capital figures stand at $383.2 million (Q2 2025), $533.8 million (Q1 2025), and $645.8 million (Q4 2024).