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

Historic Operating Expenses for Palo Alto Networks (PANW) over the last 15 years, with Jul 2025 value amounting to $5.5 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 $5.5 billion as of FY2025, which was up 4.59% from $5.3 billion recorded in FY2024.
  • Palo Alto Networks' Operating Expenses' 5-year high stood at $5.5 billion during FY2025, with a 5-year trough of $3.3 billion in FY2021.
  • Moreover, its 3-year median value for Operating Expenses was $5.3 billion (2024), whereas its average is $5.1 billion.
  • Data for Palo Alto Networks' Operating Expenses shows a peak YoY increased of 26.95% (in 2021) over the last 5 years.
  • Yearly analysis of 5 years shows Palo Alto Networks' Operating Expenses stood at $3.3 billion in 2021, then rose by 20.89% to $4.0 billion in 2022, then rose by 15.71% to $4.6 billion in 2023, then increased by 14.99% to $5.3 billion in 2024, then rose by 4.59% to $5.5 billion in 2025.