Palo Alto Networks (PANW) Operating Income (2011 - 2026)
Palo Alto Networks' (PANW) quarterly Operating Income came in at $172.0 million in Q3 2026, down 65.39% year-over-year from $497.0 million in Q3 2025, and up 193.99% on a QoQ basis from -$183.0 million in Q2 2026.
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Analysis
Palo Alto Networks (PANW) Operating Income (2011 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 16 years of Operating Income data on file, last reported at $172.0 million in Q3 2026.
- On a quarterly basis, Operating Income fell 65.39% year-over-year to $172.0 million in Q3 2026; TTM through Jul 2026 was $695.0 million, a 44.09% decrease from a year earlier, with the FY2026 full-year figure at $695.0 million, down 44.09% from the prior year.
- Operating Income for Q3 2026 stood at $172.0 million, up from -$183.0 million in the prior quarter.
- Across five years, Operating Income topped out at $497.0 million in Q3 2025 and bottomed at -$183.0 million in Q2 2026.
- Historically, Operating Income has averaged $152.8 million across 5 years, with a median of $176.7 million in 2024.
- The widest annual swing landed in 2023, when Operating Income jumped 1546.1%; it then tumbled 183.56% in 2026.
- Year by year, Operating Income 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 rose by 8.04% to $309.0 million in 2025, then plunged by 44.34% to $172.0 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $172.0 million in Q3 2026, -$183.0 million in Q2 2026, and $397.0 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 172.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | -33.23 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 689.30 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -262.97 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 5.46 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 46.78 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 28.40 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 107.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 446.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 172.00 Mn |
| Apr 30, 2026 | -183.00 Mn |
| Jan 31, 2026 | 397.00 Mn |
| Oct 31, 2025 | 309.00 Mn |
| Jul 31, 2025 | 497.00 Mn |
| Apr 30, 2025 | 219.00 Mn |
| Jan 31, 2025 | 241.00 Mn |
| Oct 31, 2024 | 286.00 Mn |
| Jul 31, 2024 | 238.50 Mn |
| Apr 30, 2024 | 176.70 Mn |
| Jan 31, 2024 | 53.60 Mn |
| Oct 31, 2023 | 215.20 Mn |
| Jul 31, 2023 | 253.50 Mn |
| Apr 30, 2023 | 78.70 Mn |
| Jan 31, 2023 | 39.90 Mn |
| Oct 31, 2022 | 15.20 Mn |
| Jul 31, 2022 | 15.40 Mn |
| Apr 30, 2022 | -47.60 Mn |
| Jan 31, 2022 | -73.90 Mn |
| Oct 31, 2021 | -82.70 Mn |
API Access
Palo Alto Networks Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();