Palo Alto Networks (PANW) Net Margin (2012 - 2026)

Palo Alto Networks' Net Margin history runs 15 years deep, the most recent figure standing at 16.65% for Q1 2026.

• On a quarterly basis, Net Margin rose 482.0% year-over-year to 16.65% in Q1 2026; TTM through Jan 2026 was 12.96%, a 181.0% decrease from a year earlier, with the FY2025 full-year figure at 12.3%, down 1995.0% from the prior year.
• Net Margin grew to 16.65% in Q1 2026 per PANW's latest filing, from 13.5% in the prior quarter.
• Across five years, Net Margin topped out at 88.45% in Q1 2024 and bottomed at 7.1% in Q1 2022.
• The 5-year median for Net Margin is 11.45% (2025), against an average of 13.04%.
• Across the five-year window, Net Margin surged 8336 bps in 2024 and sank 7662 bps in 2025, its largest moves.
• 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 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).