Palo Alto Networks (PANW) Net Margin (2012 - 2026)
Palo Alto Networks (PANW) reported Net Margin of -8.27% for fiscal Q4 2026 (quarter ended Jul 31, 2026), down 18.29 percentage points from 10.02% a year earlier and down 2.37 percentage points from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Net Margin (2012 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Palo Alto Networks posted Net Margin of 2.67%, down 9.62 percentage points from FY2025.
- Net Margin has a five-year change of +14.40 percentage points (FY2021 to FY2026).
- By fiscal year, Net Margin came in at 12.30% in FY2025 (-19.82 pp), 32.12% in FY2024 (+25.74 pp), 6.38% in FY2023 (+11.23 pp) and -4.85% in FY2022 (+6.87 pp).
- The fiscal Q4 2026 figure ranks as the lowest quarterly Net Margin since fiscal Q1 2022.
- Year over year, Net Margin gained in two of the last eight quarters, with an average year-over-year change of -14.15 percentage points.
- The high point for year-over-year Net Margin in five years was fiscal Q2 2024 (a gain of 83.36 percentage points); the low point was fiscal Q2 2025 (a drop of 76.62 percentage points).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at -5.90% (Q3 2026), 16.65% (Q2 2026) and 13.50% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.64 Bn | 241.72 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 232.35 Bn | 212.75 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 123.26 Bn | 109.19 Bn | 1.64 Bn | 29.61% |
| 4 | Snowflake | 108.15 Bn | 95.47 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 88.38 Bn | 70.02 Bn | 881.34 Mn | 3.97% |
| 6 | Zscaler | 32.92 Bn | 19.04 Bn | - | - |
| 7 | Okta | 32.82 Bn | 22.92 Bn | 641.00 Mn | 14.41% |
| 8 | Axon Enterprise | 32.21 Bn | 26.73 Bn | 546.45 Mn | 3.25% |
| 9 | MongoDB | 27.08 Bn | 17.55 Bn | 569.77 Mn | 5.30% |
| 10 | F5 | 25.16 Bn | 19.57 Bn | 711.51 Mn | 24.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -8.27% |
| Apr 30, 2026 | -5.90% |
| Jan 31, 2026 | 16.65% |
| Oct 31, 2025 | 13.50% |
| Jul 31, 2025 | 10.02% |
| Apr 30, 2025 | 11.45% |
| Jan 31, 2025 | 11.83% |
| Oct 31, 2024 | 16.41% |
| Jul 31, 2024 | 16.36% |
| 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% |
API Access
Palo Alto Networks Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();