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Palo Alto Networks (PANW) Operating Expenses (2016 - 2026)

Palo Alto Networks has reported Operating Expenses over the past 16 years, most recently at $1.5 billion for Q1 2026.

  • Quarterly results put Operating Expenses at $1.5 billion for Q1 2026, up 6.7% from a year ago — trailing twelve months through Jan 2026 was $5.9 billion (up 8.58% YoY), and the annual figure for FY2025 was $5.5 billion, up 4.59%.
  • Operating Expenses for Q1 2026 was $1.5 billion at Palo Alto Networks, down from $1.5 billion in the prior quarter.
  • Over the last five years, Operating Expenses for PANW hit a ceiling of $1.5 billion in Q4 2025 and a floor of $985.5 million in Q1 2022.
  • Median Operating Expenses over the past 5 years was $1.3 billion (2024), compared with a mean of $1.3 billion.
  • Biggest five-year swings in Operating Expenses: increased 23.79% in 2024 and later dropped 1.26% in 2025.
  • Palo Alto Networks' Operating Expenses stood at $1.1 billion in 2022, then increased by 9.56% to $1.2 billion in 2023, then increased by 9.15% to $1.3 billion in 2024, then grew by 17.55% to $1.5 billion in 2025, then dropped by 0.98% to $1.5 billion in 2026.
  • The last three reported values for Operating Expenses were $1.5 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.4 billion (Q3 2025) per Business Quant data.