Palo Alto Networks (PANW) Operating Margin (2011 - 2026)

Palo Alto Networks has disclosed Operating Margin across 16 years of filings, most recently posting 15.3% for Q1 2026.

• Operating Margin for Q1 2026 came in at 15.3%, up 463.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 14.37% (up 338.0% YoY), and the FY2025 annual result was 13.48%, up 496.0% from the prior year.
• Operating Margin came in at 15.3% for Q1 2026 at Palo Alto Networks, up from 12.49% in the prior quarter.
• Over the last five years, Operating Margin for PANW reached as high as 19.6% in Q3 2025 and fell as low as 5.61% in Q1 2022.
• Median Operating Margin over the past 5 years was 9.56% (2025), compared with a mean of 7.52%.
• Year-over-year, Operating Margin jumped 1198 bps in 2023 and plunged 209 bps in 2024.
• Over 5 years, Operating Margin stood at 0.97% in 2022, then surged by 1079 bps to 11.46% in 2023, then advanced by 17 bps to 13.37% in 2024, then declined by 7 bps to 12.49% in 2025, then rose by 23 bps to 15.3% in 2026.
• Per Business Quant, the three latest PANW Operating Margin figures stand at 15.3% (Q1 2026), 12.49% (Q4 2025), and 19.6% (Q3 2025).