Palo Alto Networks (PANW) Research & Development (2011 - 2026)

Palo Alto Networks' Research & Development history runs 16 years deep, the most recent figure standing at $823.0 million for Q1 2026.

• In Q1 2026, Research & Development rose 62.97% year-over-year to $823.0 million; the TTM figure through Jan 2026 stood at $3.8 billion (up 39.88% YoY), while the FY2025 annual figure was $3.1 billion, up 10.94% from the prior year.
• Research & Development for Q1 2026 stood at $823.0 million, roughly flat from $820.0 million in the prior quarter.
• The five-year high for Research & Development was $1.6 billion in Q3 2025, with the low at $355.4 million in Q2 2022.
• The 5-year median for Research & Development is $673.0 million (2024), against an average of $749.4 million.
• The sharpest annual moves came in 2022 and 2024: Research & Development jumped 985.92% in 2022, then slumped 45.19% in 2024.
• Palo Alto Networks' Research & Development stood at $615.0 million in 2022, then sank by 33.41% to $409.5 million in 2023, then jumped by 75.82% to $720.0 million in 2024, then grew by 13.89% to $820.0 million in 2025, then increased by 0.37% to $823.0 million in 2026.
• Business Quant data shows PANW's Research & Development at $823.0 million in Q1 2026, $820.0 million in Q4 2025, and $1.6 billion in Q3 2025.