Palo Alto Networks (PANW) Net Margin (2012 - 2026)
Palo Alto Networks (PANW) posted Net Margin of 16.65% for Q1 2026, up 23.36% on a QoQ basis from 13.5% in Q4 2025, and up 482.0% year-on-year from 2.86% in Q1 2025.
Palo Alto Networks (PANW) Net Margin (2012 - 2026) Analysis & Trends
Palo Alto Networks has disclosed Net Margin across 15 years of filings, most recently posting 16.65% for Q1 2026.
- Net Margin for Q1 2026 came in at 16.65%, up 482.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 12.96% (down 168.0% YoY), and the FY2025 annual result was 12.3%, down 1981.0% from the prior year.
- Net Margin came in at 16.65% for Q1 2026 at Palo Alto Networks, up from 13.5% in the prior quarter.
- Over the last five years, Net Margin for PANW reached as high as 88.45% in Q1 2024 and fell as low as 7.1% in Q1 2022.
- Median Net Margin over the past 5 years was 11.45% (2025), compared with a mean of 13.01%.
- Year-over-year, Net Margin jumped 8336 bps in 2024 and plunged 7662 bps in 2025.
- Over 5 years, 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 decreased by 18 bps to 13.5% in 2025, then rose by 23 bps to 16.65% in 2026.
- Per Business Quant, the three latest PANW Net Margin figures stand at 16.65% (Q1 2026), 13.5% (Q4 2025), and 10.01% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -262.43% |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 38.34% |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 53.68% |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 4.71% |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 22.44% |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 28.90% |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -3.58% |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 2.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 16.65% |
| Oct 31, 2025 | 13.50% |
| Jul 31, 2025 | 10.01% |
| Apr 30, 2025 | 11.45% |
| Jan 31, 2025 | 11.83% |
| Oct 31, 2024 | 16.41% |
| Jul 31, 2024 | 16.34% |
| 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% |
| Jul 31, 2021 | -9.78% |
| Apr 30, 2021 | -13.51% |