Palo Alto Networks (PANW) Net Margin (2012 - 2026)
Palo Alto Networks (PANW) recorded quarterly Net Margin of 16.65% in Q1 2026, up 23.36% quarter-over-quarter from 13.5% in Q4 2025, and up 482.0% on a YoY basis from 2.86% in Q1 2025.
Palo Alto Networks (PANW) Net Margin (2012 - 2026) Analysis & Trends
Palo Alto Networks' Net Margin history runs 15 years deep, the most recent figure standing at 16.65% for Q1 2026.
- In Q1 2026, Net Margin rose 482.0% year-over-year to 16.65%; the TTM figure through Jan 2026 stood at 12.96% (down 168.0% YoY), while the FY2025 annual figure was 12.3%, down 1981.0% from the prior year.
- Net Margin was 16.65% for Q1 2026 at Palo Alto Networks, up from 13.5% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 88.45% in Q1 2024 to a low of 7.1% in Q1 2022.
- Historically, Net Margin has averaged 13.01% across 5 years, with a median of 11.45% in 2025.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 8336 bps in 2024, then sank 7662 bps in 2025.
- A 5-year view of Net Margin shows it 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.
- The last three Net Margin figures came in at 16.65% (Q1 2026), 13.5% (Q4 2025), and 10.01% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -3.58% |
| 10 | CoreWeave | 51.85 Bn | 49.58 Bn | 2.01 Bn | -35.61% |
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% |