Palo Alto Networks (PANW) Operating Expenses (2011 - 2026)

Palo Alto Networks (PANW) has 16 years of Operating Expenses data on file, last reported at $2.1 billion in Q3 2026.

• On a quarterly basis, Operating Expenses rose 56.76% year-over-year to $2.1 billion in Q3 2026; TTM through Jul 2026 was $7.4 billion, a 33.56% increase from a year earlier, with the FY2026 full-year figure at $7.4 billion, up 33.56% from the prior year.
• Operating Expenses for Q3 2026 stood at $2.1 billion, down from $2.2 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $2.2 billion in Q2 2026 and bottomed at $985.5 million in Q1 2022.
• Historically, Operating Expenses has averaged $1.4 billion across 5 years, with a median of $1.3 billion in 2024.
• The widest annual swing landed in 2025, when Operating Expenses fell 1.23%; it then surged 56.76% in 2026.
• Year by year, Operating Expenses stood at $1.1 billion in 2022, then gained by 9.56% to $1.2 billion in 2023, then grew by 9.15% to $1.3 billion in 2024, then rose by 17.55% to $1.5 billion in 2025, then surged by 39.62% to $2.1 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $2.1 billion in Q3 2026, $2.2 billion in Q2 2026, and $1.5 billion in Q1 2026.