Palo Alto Networks (PANW) Other Working Capital Changes (2011 - 2026)
Palo Alto Networks' Other Working Capital Changes was $672 million in fiscal Q4 2026 (quarter ended Jul 31, 2026), down 30.6% from $968 million a year earlier but up 251.8% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Other Working Capital Changes (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Other Working Capital Changes at Palo Alto Networks came in at $268 million, down 65.3% from FY2025.
- Other Working Capital Changes has now declined for three consecutive fiscal years, with a five-year compound annual growth rate of -18.1% (FY2021 to FY2026).
- In earlier fiscal years, Other Working Capital Changes was $772 million in FY2025 (-50.4%), $1.56 billion in FY2024 (-2.7%), $1.6 billion in FY2023 (+14.1%) and $1.4 billion in FY2022 (+92.3%).
- Quarterly Other Working Capital Changes has moved between -$637 million (fiscal Q1 2026) and $968 million (fiscal Q4 2025) over five years.
- Compared with a year earlier, Other Working Capital Changes was higher in two of the last six quarters, with an average decline of 25.0%.
- The best year-over-year quarter for Other Working Capital Changes over five years was fiscal Q2 2022 (growth of 274.8%); the worst was fiscal Q2 2026 (a decline of 71.6%).
- Per Business Quant data, PANW's Other Working Capital Changes in the three fiscal quarters before Q4 2026 was $191 million (Q3 2026), $42 million (Q2 2026) and -$637 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 239.80 Bn | 224.87 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 221.32 Bn | 201.72 Bn | 1.10 Bn |
| 3 | Snowflake | 95.32 Bn | 82.64 Bn | 1.04 Bn |
| 4 | Fortinet | 91.37 Bn | 75.63 Bn | 1.64 Bn |
| 5 | Datadog | 62.68 Bn | 43.23 Bn | 959.92 Mn |
| 6 | Axon Enterprise | 33.44 Bn | 27.96 Bn | 546.45 Mn |
| 7 | Zscaler | 33.36 Bn | 19.52 Bn | 689.22 Mn |
| 8 | Okta | 29.92 Bn | 20.01 Bn | 641.00 Mn |
| 9 | MongoDB | 24.20 Bn | 14.66 Bn | 569.77 Mn |
| 10 | Roku | 23.96 Bn | 13.98 Bn | 648.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 672.00 Mn |
| Apr 30, 2026 | 191.00 Mn |
| Jan 31, 2026 | 42.00 Mn |
| Oct 31, 2025 | -637.00 Mn |
| Jul 31, 2025 | 968.00 Mn |
| Apr 30, 2025 | 155.00 Mn |
| Jan 31, 2025 | 148.00 Mn |
| Oct 31, 2024 | -499.00 Mn |
| Jul 31, 2024 | 926.30 Mn |
| Apr 30, 2024 | 224.60 Mn |
| Jan 31, 2024 | 268.00 Mn |
| Oct 31, 2023 | 137.10 Mn |
| Jul 31, 2023 | 924.20 Mn |
| Apr 30, 2023 | 346.70 Mn |
| Jan 31, 2023 | 231.50 Mn |
| Oct 31, 2022 | 96.80 Mn |
| Jul 31, 2022 | 921.80 Mn |
| Apr 30, 2022 | 278.30 Mn |
| Jan 31, 2022 | 203.50 Mn |
| Oct 31, 2021 | -2.40 Mn |
API Access
Palo Alto Networks Other Working Capital Changes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();