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

Palo Alto Networks has disclosed Operating Expenses across 16 years of filings, most recently posting $1.5 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $1.5 billion, up 6.7% year-over-year; the trailing twelve-month figure through Jan 2026 was $5.9 billion (up 8.58% YoY), and the FY2025 annual result was $5.5 billion, up 4.59% from the prior year.
• Operating Expenses came in at $1.5 billion for Q1 2026 at Palo Alto Networks, down from $1.5 billion in the prior quarter.
• Over the last five years, Operating Expenses for PANW reached as high as $1.5 billion in Q4 2025 and fell as low as $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.
• Year-over-year, Operating Expenses gained 23.79% in 2024 and slipped 1.26% in 2025.
• Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then grew by 9.56% to $1.2 billion in 2023, then gained by 9.15% to $1.3 billion in 2024, then climbed by 17.55% to $1.5 billion in 2025, then fell by 0.98% to $1.5 billion in 2026.
• Per Business Quant, the three latest PANW Operating Expenses figures stand at $1.5 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.4 billion (Q3 2025).