Palo Alto Networks (PANW) Net Margin (2012 - 2026)
Palo Alto Networks (PANW) posted quarterly Net Margin of 16.65% for Q1 2026, up 482.0% year-over-year from 2.86% in Q1 2025, and up 23.36% quarter-over-quarter from 13.5% in Q4 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 181.0% YoY), while the FY2025 annual figure was 12.3%, down 1995.0% from the prior year.
- Net Margin for Q1 2026 stood at 16.65%, up from 13.5% in the prior quarter.
- The five-year high for Net Margin was 88.45% in Q1 2024, with the low at 7.1% in Q1 2022.
- The 5-year median for Net Margin is 11.45% (2025), against an average of 13.04%.
- The sharpest annual moves came in 2024 and 2025: Net Margin surged 8336 bps in 2024, then plunged 7662 bps in 2025.
- Palo Alto Networks' Net Margin stood at 1.28% in 2022, then surged by 708 bps to 10.34% in 2023, then surged by 59 bps to 16.41% in 2024, then retreated by 18 bps to 13.5% in 2025, then increased by 23 bps to 16.65% in 2026.
- Business Quant data shows PANW's Net Margin at 16.65% in Q1 2026, 13.5% in Q4 2025, and 10.01% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 36.78% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 30.88% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 55.08% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 1.32% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -30.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -5.90% |
| 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 | 16.83% |
| 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% |