Palo Alto Networks (PANW) Net Margin (2011 - 2025)

Palo Alto Networks' Net Margin history runs 14 years deep, the most recent figure standing at 12.3% for FY2025.

• 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 FY2025 stood at 12.3%, down from 32.24% in the prior year.
• The five-year high for Net Margin was 32.24% in FY2024, with the low at 11.72% in FY2021.
• The 5-year median for Net Margin is 6.38% (2023), against an average of 6.87%.
• The sharpest annual moves came in 2024 and 2025: Net Margin jumped 2586 bps in 2024, then plunged 1995 bps in 2025.
• Palo Alto Networks' Net Margin stood at 11.72% in 2021, then soared by 59 bps to 4.85% in 2022, then jumped by 231 bps to 6.38% in 2023, then jumped by 405 bps to 32.24% in 2024, then tumbled by 62 bps to 12.3% in 2025.
• Business Quant data shows PANW's Net Margin at 12.3% in FY2025, 32.24% in FY2024, and 6.38% in FY2023.