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

Palo Alto Networks (PANW) has 16 years of Research & Development data on record, last reported at $511.0 million in Q1 2026.

  • For Q1 2026, Research & Development rose 1.05% year-over-year to $511.0 million; the TTM value through Jan 2026 reached $2.0 billion, up 5.04%, while the annual FY2025 figure was $2.0 billion, 9.66% up from the prior year.
  • Research & Development reached $511.0 million in Q1 2026 per PANW's latest filing, down from $528.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $528.0 million in Q4 2025 and bottomed at $355.4 million in Q2 2022.
  • Average Research & Development over 5 years is $442.0 million, with a median of $447.9 million recorded in 2024.
  • Peak YoY movement for Research & Development: soared 34.61% in 2022, then increased 1.05% in 2026.
  • A 5-year view of Research & Development shows it 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 rose by 9.77% to $528.0 million in 2025, then dropped by 3.22% to $511.0 million in 2026.
  • Per Business Quant database, its latest 3 readings for Research & Development were $511.0 million in Q1 2026, $528.0 million in Q4 2025, and $502.9 million in Q3 2025.