Palo Alto Networks (PANW) Leases (2019 - 2026)

Palo Alto Networks' Leases history runs 8 years deep, the most recent figure standing at $368.0 million for Q1 2026.

• In Q1 2026, Leases fell 1.31% year-over-year to $368.0 million; the TTM figure through Jan 2026 stood at $368.0 million (down 1.31% YoY), while the FY2025 annual figure was $347.0 million, down 10.08% from the prior year.
• Leases was $368.0 million for Q1 2026 at Palo Alto Networks, up from $353.0 million in the prior quarter.
• In the past five years, Leases ranged from a high of $389.0 million in Q4 2024 to a low of $238.8 million in Q1 2022.
• Historically, Leases has averaged $312.7 million across 5 years, with a median of $347.0 million in 2025.
• The sharpest annual moves came in 2024 and 2025: Leases soared 48.89% in 2024, then dropped 10.08% in 2025.
• A 5-year view of Leases shows it stood at $260.4 million in 2022, then grew by 5.34% to $274.3 million in 2023, then surged by 41.82% to $389.0 million in 2024, then decreased by 9.25% to $353.0 million in 2025, then rose by 4.25% to $368.0 million in 2026.
• The last three Leases figures came in at $368.0 million (Q1 2026), $353.0 million (Q4 2025), and $347.0 million (Q3 2025), per Business Quant data.