Palo Alto Networks (PANW) Retained Earnings (2012 - 2026)
Palo Alto Networks' (PANW) quarterly Retained Earnings came in at $2.8 billion in Q3 2026, up 12.36% year-over-year from $2.5 billion in Q3 2025, and down 9.18% on a QoQ basis from $3.1 billion in Q2 2026.
Powered by 
Analysis
Palo Alto Networks (PANW) Retained Earnings (2012 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 15 years of Retained Earnings data on file, last reported at $2.8 billion in Q3 2026.
- On a quarterly basis, Retained Earnings rose 12.36% year-over-year to $2.8 billion in Q3 2026; TTM through Jul 2026 was $2.8 billion, a 12.36% increase from a year earlier, with the FY2026 full-year figure at $2.8 billion, up 12.36% from the prior year.
- Retained Earnings for Q3 2026 stood at $2.8 billion, down from $3.1 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $3.2 billion in Q1 2026 and bottomed at -$1.7 billion in Q2 2022.
- Historically, Retained Earnings has averaged $605.9 million across 5 years, with a median of $992.5 million in 2024.
- The widest annual swing landed in 2022, when Retained Earnings decreased 13.89%; it then soared 264.62% in 2024.
- Year by year, Retained Earnings stood at -$1.6 billion in 2022, then surged by 37.27% to -$1.0 billion in 2023, then soared by 264.62% to $1.7 billion in 2024, then soared by 65.68% to $2.8 billion in 2025, then dropped by 0.96% to $2.8 billion in 2026.
- Per Business Quant data, the three most recent Retained Earnings figures were $2.8 billion in Q3 2026, $3.1 billion in Q2 2026, and $3.2 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 2.79 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 6.34 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | -316.70 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 12.50 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 234.92 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 1.14 Bn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | 3.87 Bn |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 4.85 Bn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 9.35 Bn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 2.79 Bn |
| Apr 30, 2026 | 3.07 Bn |
| Jan 31, 2026 | 3.25 Bn |
| Oct 31, 2025 | 2.82 Bn |
| Jul 31, 2025 | 2.48 Bn |
| Apr 30, 2025 | 2.23 Bn |
| Jan 31, 2025 | 1.97 Bn |
| Oct 31, 2024 | 1.70 Bn |
| Jul 31, 2024 | 1.35 Bn |
| Apr 30, 2024 | 992.50 Mn |
| Jan 31, 2024 | 713.70 Mn |
| Oct 31, 2023 | -1.03 Bn |
| Jul 31, 2023 | -1.23 Bn |
| Apr 30, 2023 | -1.46 Bn |
| Jan 31, 2023 | -1.56 Bn |
| Oct 31, 2022 | -1.65 Bn |
| Jul 31, 2022 | -1.67 Bn |
| Apr 30, 2022 | -1.67 Bn |
| Jan 31, 2022 | -1.60 Bn |
| Oct 31, 2021 | -1.50 Bn |
API Access
Palo Alto Networks Retained Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=retained-earnings&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=retained-earnings&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();