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.

• 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 was $372.0 million for Q1 2026 at Palo Alto Networks, 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.
• Historically, Operating Leases has averaged $321.7 million across 5 years, with a median of $338.0 million in 2025.
• The sharpest annual moves came in 2022 and 2024: Operating Leases declined 13.22% in 2022, then surged 39.81% in 2024.
• A 5-year view of Operating Leases shows it 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.
• The last three Operating Leases figures came in at $372.0 million (Q1 2026), $346.0 million (Q4 2025), and $338.0 million (Q3 2025), per Business Quant data.