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Palo Alto Networks (PANW) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Palo Alto Networks (PANW) over the last 15 years, with Q4 2025 value amounting to $1.5 billion.

  • Palo Alto Networks' Operating Expenses rose 1755.2% 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 672.13%. This contributed to the annual value of $5.5 billion for FY2025, which is 459.09% up from last year.
  • As of Q4 2025, Palo Alto Networks' Operating Expenses stood at $1.5 billion, which was up 1755.2% from $1.4 billion recorded in Q3 2025.
  • In the past 5 years, Palo Alto Networks' Operating Expenses ranged from a high of $1.5 billion in Q4 2025 and a low of $798.1 million during Q1 2021
  • For the 5-year period, Palo Alto Networks' Operating Expenses averaged around $1.2 billion, with its median value being $1.2 billion (2023).
  • Its Operating Expenses has fluctuated over the past 5 years, first surged by 3585.13% in 2021, then crashed by 125.6% in 2025.
  • Quarter analysis of 5 years shows Palo Alto Networks' Operating Expenses stood at $949.5 million in 2021, then increased by 14.41% to $1.1 billion in 2022, then grew by 9.56% to $1.2 billion in 2023, then rose by 9.15% to $1.3 billion in 2024, then grew by 17.55% to $1.5 billion in 2025.
  • Its Operating Expenses was $1.5 billion in Q4 2025, compared to $1.4 billion in Q3 2025 and $1.5 billion in Q2 2025.