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

Palo Alto Networks' Operating Leases history runs 8 years deep, the most recent figure standing at $372.0 million for Q1 2026.

• On a quarterly basis, Operating Leases rose 2.48% year-over-year to $372.0 million in Q1 2026; TTM through Jan 2026 was $372.0 million, a 2.48% increase from a year earlier, with the FY2025 full-year figure at $338.0 million, down 11.17% from the prior year.
• Operating Leases grew to $372.0 million in Q1 2026 per PANW's latest filing, from $346.0 million in the prior quarter.
• Across five years, Operating Leases topped out at $380.5 million in Q3 2024 and bottomed at $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.
• Across the five-year window, Operating Leases retreated 13.22% in 2022 and jumped 39.81% in 2024, its largest moves.
• Year by year, 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).