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Palo Alto Networks (PANW) Operating Expenses: 2011-2025

Historic Operating Expenses for Palo Alto Networks (PANW) over the last 14 years, with Oct 2025 value amounting to $1.5 billion.

  • Palo Alto Networks' Operating Expenses rose 17.55% to $1.5 billion in Q4 2025 from the same period last year, while for Oct 2025 it was $5.8 billion, marking a year-over-year increase of 6.72%. This contributed to the annual value of $5.5 billion for FY2025, which is 4.59% up from last year.
  • Latest data reveals that Palo Alto Networks reported Operating Expenses of $1.5 billion as of Q4 2025, which was up 12.27% from $1.4 billion recorded in Q3 2025.
  • In the past 5 years, Palo Alto Networks' Operating Expenses registered a high of $1.5 billion during Q4 2025, and its lowest value of $798.1 million during Q1 2021.
  • Its 3-year average for Operating Expenses is $1.3 billion, with a median of $1.3 billion in 2024.
  • Its Operating Expenses has fluctuated over the past 5 years, first soared by 35.85% in 2021, then declined by 1.26% in 2025.
  • Palo Alto Networks' Operating Expenses (Quarterly) stood at $949.5 million in 2021, then rose by 14.41% to $1.1 billion in 2022, then grew by 9.56% to $1.2 billion in 2023, then climbed by 9.15% to $1.3 billion in 2024, then climbed by 17.55% to $1.5 billion in 2025.
  • Its Operating Expenses stands at $1.5 billion for Q4 2025, versus $1.4 billion for Q3 2025 and $1.5 billion for Q2 2025.