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Palo Alto Networks (PANW) Operating Leases (2019 - 2026)

Palo Alto Networks' Operating Leases history spans 8 years, with the latest figure at $372.0 million for Q1 2026.

  • Quarterly Operating Leases rose 2.48% to $372.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $372.0 million through Jan 2026, up 2.48% year-over-year, with the annual reading at $338.0 million for FY2025, 11.17% down from the prior year.
  • Operating Leases came in at $372.0 million for Q1 2026, up from $346.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $380.5 million in Q3 2024 to a low of $264.5 million in Q2 2023.
  • The 5-year median for Operating Leases is $338.0 million (2025), against an average of $321.7 million.
  • Year-over-year, Operating Leases dropped 13.22% in 2022 and then skyrocketed 39.81% in 2024.
  • Palo Alto Networks' Operating Leases stood at $283.1 million in 2022, then fell by 2.58% to $275.8 million in 2023, then surged by 37.64% to $379.6 million in 2024, then decreased by 8.85% to $346.0 million in 2025, then increased by 7.51% to $372.0 million in 2026.
  • Per Business Quant, the three most recent readings for PANW's Operating Leases are $372.0 million (Q1 2026), $346.0 million (Q4 2025), and $338.0 million (Q3 2025).