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

Palo Alto Networks (PANW) has 16 years of Operating Expenses data on record, last reported at $1.5 billion in Q1 2026.

  • For Q1 2026, Operating Expenses rose 6.7% year-over-year to $1.5 billion; the TTM value through Jan 2026 reached $5.9 billion, up 8.58%, while the annual FY2025 figure was $5.5 billion, 4.59% up from the prior year.
  • Operating Expenses reached $1.5 billion in Q1 2026 per PANW's latest filing, down from $1.5 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.5 billion in Q4 2025 and bottomed at $985.5 million in Q1 2022.
  • Average Operating Expenses over 5 years is $1.3 billion, with a median of $1.3 billion recorded in 2024.
  • Peak YoY movement for Operating Expenses: rose 23.79% in 2024, then decreased 1.26% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $1.1 billion in 2022, then grew 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 fell by 0.98% to $1.5 billion in 2026.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $1.5 billion in Q1 2026, $1.5 billion in Q4 2025, and $1.4 billion in Q3 2025.