Palo Alto Networks (PANW) Other Working Capital Changes (2011 - 2026)
Palo Alto Networks' Other Working Capital Changes came in at $1.15 billion for fiscal Q4 2026 (quarter ended Jul 31, 2026), down 12.1% from $1.31 billion a year earlier but up 189.4% 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), Palo Alto Networks' Other Working Capital Changes was $1.2 billion, down 3.0% from FY2025.
- Other Working Capital Changes has declined in each of the last three fiscal years, though with a five-year compound annual growth rate of 0.1% (FY2021 to FY2026).
- Going back by fiscal year, Other Working Capital Changes was $1.24 billion in FY2025 (-43.2%), $2.18 billion in FY2024 (-5.3%), $2.3 billion in FY2023 (+16.8%) and $1.97 billion in FY2022 (+64.7%).
- The five-year range for quarterly Other Working Capital Changes is -$522 million (fiscal Q1 2026) to $1.31 billion (fiscal Q4 2024).
- Year-over-year, Other Working Capital Changes increased in two of the last six quarters, with growth averaging 1.9%.
- The fastest year-over-year change in Other Working Capital Changes over five years came in fiscal Q3 2026 (growth of 121.8%), and the weakest in fiscal Q2 2025 (a decline of 54.6%).
- Business Quant data shows PANW's Other Working Capital Changes at $397 million (Q3 2026), $178 million (Q2 2026) and -$522 million (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 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();