Palo Alto Networks (PANW) Operating Income (2011 - 2026)
Palo Alto Networks' Operating Income was $172 million in fiscal Q4 2026 (quarter ended Jul 31, 2026), down 65.4% from $497 million a year earlier.
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Analysis
Palo Alto Networks (PANW) Operating Income (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Operating Income at Palo Alto Networks came in at $695 million, down 44.1% from FY2025.
- In earlier fiscal years, Operating Income was $1.24 billion in FY2025 (+81.7%), $684 million in FY2024 (+76.6%), $387.3 million in FY2023 and -$188.8 million in FY2022.
- Quarterly Operating Income has moved between -$183 million (fiscal Q3 2026) and $497 million (fiscal Q4 2025) over five years.
- Compared with a year earlier, Operating Income was higher in six of the last seven quarters, with growth averaging 74.6%.
- The best year-over-year quarter for Operating Income over five years was fiscal Q2 2025 (growth of 349.6%); the worst was fiscal Q4 2026 (a decline of 65.4%).
- Per Business Quant data, PANW's Operating Income in the three fiscal quarters before Q4 2026 was -$183 million (Q3 2026), $397 million (Q2 2026) and $309 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.72 Bn | 249.79 Bn | 2.30 Bn | 172.00 Mn |
| 2 | CrowdStrike Holdings | 238.73 Bn | 219.14 Bn | 1.10 Bn | -33.23 Mn |
| 3 | Fortinet | 127.27 Bn | 113.20 Bn | 1.64 Bn | 689.30 Mn |
| 4 | Snowflake | 110.23 Bn | 97.55 Bn | 1.04 Bn | -262.97 Mn |
| 5 | Datadog | 89.17 Bn | 70.81 Bn | 881.34 Mn | 5.46 Mn |
| 6 | Zscaler | 33.92 Bn | 20.04 Bn | - | - |
| 7 | Okta | 33.82 Bn | 23.92 Bn | 641.00 Mn | 107.00 Mn |
| 8 | Axon Enterprise | 33.04 Bn | 27.56 Bn | 546.45 Mn | 46.78 Mn |
| 9 | MongoDB | 27.87 Bn | 18.34 Bn | 569.77 Mn | 28.40 Mn |
| 10 | F5 | 25.05 Bn | 19.46 Bn | 711.51 Mn | 213.27 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();