Palo Alto Networks (PANW) Net Margin (2012 - 2026)
Palo Alto Networks' (PANW) quarterly Net Margin came in at 8.27% in Q3 2026, down 1829.0% year-over-year from 0.48% in Q3 2025, and down 40.26% on a QoQ basis from 5.9% in Q2 2026.
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Palo Alto Networks (PANW) Net Margin (2012 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 15 years of Net Margin data on file, last reported at 8.27% in Q3 2026.
- On a quarterly basis, Net Margin fell 1829.0% year-over-year to 8.27% in Q3 2026; TTM through Jul 2026 was 2.67%, a 962.0% decrease from a year earlier, with the FY2026 full-year figure at 2.67%, down 962.0% from the prior year.
- Net Margin for Q3 2026 stood at 8.27%, down from 5.9% in the prior quarter.
- Across five years, Net Margin topped out at 88.45% in Q1 2024 and bottomed at 8.27% in Q3 2026.
- Historically, Net Margin has averaged 10.89% across 5 years, with a median of 10.34% in 2023.
- The widest annual swing landed in 2024, when Net Margin jumped 8336 bps; it then slumped 7662 bps in 2025.
- Year by year, Net Margin stood at 1.28% in 2022, then soared by 708 bps to 10.34% in 2023, then soared by 59 bps to 16.41% in 2024, then declined by 18 bps to 13.5% in 2025, then sank by 161 bps to 8.27% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 8.27% in Q3 2026, 5.9% in Q2 2026, and 16.65% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 29.55% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 3.97% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 3.25% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 5.30% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 14.41% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 7.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -8.27% |
| Apr 30, 2026 | -5.90% |
| Jan 31, 2026 | 16.65% |
| Oct 31, 2025 | 13.50% |
| Jul 31, 2025 | 10.02% |
| Apr 30, 2025 | 11.45% |
| Jan 31, 2025 | 11.83% |
| Oct 31, 2024 | 16.41% |
| Jul 31, 2024 | 16.36% |
| Apr 30, 2024 | 14.05% |
| Jan 31, 2024 | 88.45% |
| Oct 31, 2023 | 10.34% |
| Jul 31, 2023 | 11.66% |
| Apr 30, 2023 | 6.26% |
| Jan 31, 2023 | 5.09% |
| Oct 31, 2022 | 1.28% |
| Jul 31, 2022 | 0.21% |
| Apr 30, 2022 | -5.28% |
| Jan 31, 2022 | -7.10% |
| Oct 31, 2021 | -8.31% |
API Access
Palo Alto Networks Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();