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

Palo Alto Networks has reported Research & Development over the past 16 years, most recently at $511.0 million for Q1 2026.

  • Quarterly results put Research & Development at $511.0 million for Q1 2026, up 1.19% from a year ago — trailing twelve months through Jan 2026 was $2.0 billion (up 5.11% YoY), and the annual figure for FY2025 was $2.0 billion, up 9.66%.
  • Research & Development for Q1 2026 was $511.0 million at Palo Alto Networks, down from $528.0 million in the prior quarter.
  • Over the last five years, Research & Development for PANW hit a ceiling of $528.0 million in Q4 2025 and a floor of $355.4 million in Q2 2022.
  • Median Research & Development over the past 5 years was $447.9 million (2024), compared with a mean of $442.0 million.
  • Biggest five-year swings in Research & Development: surged 34.61% in 2022 and later grew 1.19% in 2026.
  • Palo Alto Networks' Research & Development stood at $371.8 million in 2022, then increased by 10.14% to $409.5 million in 2023, then rose by 17.46% to $481.0 million in 2024, then grew by 9.77% to $528.0 million in 2025, then decreased by 3.22% to $511.0 million in 2026.
  • The last three reported values for Research & Development were $511.0 million (Q1 2026), $528.0 million (Q4 2025), and $503.5 million (Q3 2025) per Business Quant data.