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Palo Alto Networks (PANW) Research & Development (2016 - 2026)

Palo Alto Networks' Research & Development history spans 16 years, with the latest figure at $511.0 million for Q1 2026.

  • Quarterly Research & Development rose 1.19% to $511.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $2.0 billion through Jan 2026, up 5.11% year-over-year, with the annual reading at $2.0 billion for FY2025, 9.66% up from the prior year.
  • Research & Development came in at $511.0 million for Q1 2026, down from $528.0 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $528.0 million in Q4 2025 to a low of $355.4 million in Q2 2022.
  • The 5-year median for Research & Development is $447.9 million (2024), against an average of $442.0 million.
  • Year-over-year, Research & Development surged 34.61% in 2022 and then grew 1.19% in 2026.
  • Palo Alto Networks' Research & Development stood at $371.8 million in 2022, then rose by 10.14% to $409.5 million in 2023, then grew by 17.46% to $481.0 million in 2024, then increased by 9.77% to $528.0 million in 2025, then fell by 3.22% to $511.0 million in 2026.
  • Per Business Quant, the three most recent readings for PANW's Research & Development are $511.0 million (Q1 2026), $528.0 million (Q4 2025), and $503.5 million (Q3 2025).