Palo Alto Networks (PANW) Operating Leases (2019 - 2026)
Palo Alto Networks (PANW) posted quarterly Operating Leases of $372.0 million for Q1 2026, up 2.48% year-over-year from $363.0 million in Q1 2025, and up 7.51% quarter-over-quarter from $346.0 million in Q4 2025.
Palo Alto Networks (PANW) Operating Leases (2019 - 2026) Analysis & Trends
Palo Alto Networks' Operating Leases history runs 8 years deep, the most recent figure standing at $372.0 million for Q1 2026.
- In Q1 2026, Operating Leases rose 2.48% year-over-year to $372.0 million; the TTM figure through Jan 2026 stood at $372.0 million (up 2.48% YoY), while the FY2025 annual figure was $338.0 million, down 11.17% from the prior year.
- Operating Leases for Q1 2026 stood at $372.0 million, up from $346.0 million in the prior quarter.
- The five-year high for Operating Leases was $380.5 million in Q3 2024, with the low 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.
- The sharpest annual moves came in 2022 and 2024: Operating Leases dropped 13.22% in 2022, then jumped 39.81% in 2024.
- Palo Alto Networks' Operating Leases stood at $283.1 million in 2022, then slipped 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.
- Business Quant data shows PANW's Operating Leases at $372.0 million in Q1 2026, $346.0 million in Q4 2025, and $338.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 719.00 Mn |
| Jan 31, 2026 | 372.00 Mn |
| Oct 31, 2025 | 346.00 Mn |
| Jul 31, 2025 | 338.00 Mn |
| Apr 30, 2025 | 345.70 Mn |
| Jan 31, 2025 | 363.00 Mn |
| Oct 31, 2024 | 379.60 Mn |
| Jul 31, 2024 | 380.50 Mn |
| Apr 30, 2024 | 369.80 Mn |
| Jan 31, 2024 | 362.70 Mn |
| Oct 31, 2023 | 275.80 Mn |
| Jul 31, 2023 | 279.20 Mn |
| Apr 30, 2023 | 264.50 Mn |
| Jan 31, 2023 | 274.20 Mn |
| Oct 31, 2022 | 283.10 Mn |
| Jul 31, 2022 | 276.10 Mn |
| Apr 30, 2022 | 275.70 Mn |
| Jan 31, 2022 | 282.40 Mn |
| Oct 31, 2021 | 299.50 Mn |
| Jul 31, 2021 | 313.40 Mn |