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

Palo Alto Networks has disclosed Research & Development across 16 years of filings, most recently posting $511.0 million for Q1 2026.

• Research & Development for Q1 2026 came in at $511.0 million, up 1.19% year-over-year; the trailing twelve-month figure through Jan 2026 was $2.0 billion (up 5.11% YoY), and the FY2025 annual result was $2.0 billion, up 9.66% from the prior year.
• Research & Development came in at $511.0 million for Q1 2026 at Palo Alto Networks, down from $528.0 million in the prior quarter.
• Over the last five years, Research & Development for PANW reached as high as $528.0 million in Q4 2025 and fell as low as $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.
• Year-over-year, Research & Development jumped 34.61% in 2022 and climbed 1.19% in 2026.
• Over 5 years, Research & Development stood at $371.8 million in 2022, then grew by 10.14% to $409.5 million in 2023, then increased by 17.46% to $481.0 million in 2024, then climbed by 9.77% to $528.0 million in 2025, then dropped by 3.22% to $511.0 million in 2026.
• Per Business Quant, the three latest PANW Research & Development figures stand at $511.0 million (Q1 2026), $528.0 million (Q4 2025), and $503.5 million (Q3 2025).