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

Palo Alto Networks has disclosed Operating Leases across 8 years of filings, most recently posting $372.0 million for Q1 2026.

• Operating Leases for Q1 2026 came in at $372.0 million, up 2.48% year-over-year; the trailing twelve-month figure through Jan 2026 was $372.0 million (up 2.48% YoY), and the FY2025 annual result was $338.0 million, down 11.17% from the prior year.
• Operating Leases came in at $372.0 million for Q1 2026 at Palo Alto Networks, up from $346.0 million in the prior quarter.
• Over the last five years, Operating Leases for PANW reached as high as $380.5 million in Q3 2024 and fell as low as $264.5 million in Q2 2023.
• Median Operating Leases over the past 5 years was $338.0 million (2025), compared with a mean of $321.7 million.
• Year-over-year, Operating Leases fell 13.22% in 2022 and soared 39.81% in 2024.
• Over 5 years, Operating Leases stood at $283.1 million in 2022, then dropped by 2.58% to $275.8 million in 2023, then soared by 37.64% to $379.6 million in 2024, then slipped by 8.85% to $346.0 million in 2025, then rose by 7.51% to $372.0 million in 2026.
• Per Business Quant, the three latest PANW Operating Leases figures stand at $372.0 million (Q1 2026), $346.0 million (Q4 2025), and $338.0 million (Q3 2025).