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

Palo Alto Networks' Operating Income history runs 16 years deep, the most recent figure standing at $397.0 million for Q1 2026.

• In Q1 2026, Operating Income rose 64.73% year-over-year to $397.0 million; the TTM figure through Jan 2026 stood at $1.4 billion (up 50.94% YoY), while the FY2025 annual figure was $1.2 billion, up 81.74% from the prior year.
• Operating Income was $397.0 million for Q1 2026 at Palo Alto Networks, up from $309.0 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of $497.2 million in Q3 2025 to a low of -$73.9 million in Q1 2022.
• Historically, Operating Income has averaged $171.4 million across 5 years, with a median of $215.2 million in 2023.
• The sharpest annual moves came in 2023 and 2024: Operating Income soared 1546.1% in 2023, then dropped 5.96% in 2024.
• A 5-year view of Operating Income shows it stood at $15.2 million in 2022, then jumped by 1315.79% to $215.2 million in 2023, then surged by 32.9% to $286.0 million in 2024, then climbed by 8.04% to $309.0 million in 2025, then increased by 28.48% to $397.0 million in 2026.
• The last three Operating Income figures came in at $397.0 million (Q1 2026), $309.0 million (Q4 2025), and $497.2 million (Q3 2025), per Business Quant data.