Palo Alto Networks (PANW) Share-based Compensation (2011 - 2026)
Palo Alto Networks' Share-based Compensation came in at $460 million for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 29.9% from $354 million a year earlier but down 28.5% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Share-based Compensation (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Palo Alto Networks' Share-based Compensation was $1.77 billion, up 37.0% from FY2025.
- Share-based Compensation has increased in each of the last 15 fiscal years, with a five-year compound annual growth rate of 14.7% (FY2021 to FY2026).
- Going back by fiscal year, Share-based Compensation was $1.3 billion in FY2025 (+20.4%), $1.08 billion in FY2024 (+0.1%), $1.07 billion in FY2023 (+6.3%) and $1.01 billion in FY2022 (+13.0%).
- The five-year range for quarterly Share-based Compensation is $239.6 million (fiscal Q4 2022) to $643 million (fiscal Q3 2026).
- Year-over-year, Share-based Compensation increased in seven of the last eight quarters, with growth averaging 28.5%.
- The fastest year-over-year change in Share-based Compensation over five years came in fiscal Q3 2026 (growth of 97.2%), and the weakest in fiscal Q2 2026 (a decline of 5.9%).
- Business Quant data shows PANW's Share-based Compensation at $643 million (Q3 2026), $301 million (Q2 2026) and $370 million (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.72 Bn | 249.79 Bn | 2.30 Bn | 460.00 Mn |
| 2 | CrowdStrike Holdings | 238.73 Bn | 219.14 Bn | 1.10 Bn | 376.91 Mn |
| 3 | Fortinet | 127.27 Bn | 113.20 Bn | 1.64 Bn | 79.30 Mn |
| 4 | Snowflake | 110.23 Bn | 97.55 Bn | 1.04 Bn | 423.58 Mn |
| 5 | Datadog | 89.17 Bn | 70.81 Bn | 881.34 Mn | 220.25 Mn |
| 6 | Zscaler | 33.92 Bn | 20.04 Bn | - | - |
| 7 | Okta | 33.82 Bn | 23.92 Bn | 641.00 Mn | 114.00 Mn |
| 8 | Axon Enterprise | 33.04 Bn | 27.56 Bn | 546.45 Mn | 144.00 Mn |
| 9 | MongoDB | 27.87 Bn | 18.34 Bn | 569.77 Mn | 148.94 Mn |
| 10 | F5 | 25.05 Bn | 19.46 Bn | 711.51 Mn | 65.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 460.00 Mn |
| Apr 30, 2026 | 643.00 Mn |
| Jan 31, 2026 | 301.00 Mn |
| Oct 31, 2025 | 370.00 Mn |
| Jul 31, 2025 | 354.00 Mn |
| Apr 30, 2025 | 326.00 Mn |
| Jan 31, 2025 | 320.00 Mn |
| Oct 31, 2024 | 295.00 Mn |
| Jul 31, 2024 | 269.50 Mn |
| Apr 30, 2024 | 263.50 Mn |
| Jan 31, 2024 | 272.00 Mn |
| Oct 31, 2023 | 271.00 Mn |
| Jul 31, 2023 | 254.20 Mn |
| Apr 30, 2023 | 271.00 Mn |
| Jan 31, 2023 | 283.30 Mn |
| Oct 31, 2022 | 266.00 Mn |
| Jul 31, 2022 | 239.60 Mn |
| Apr 30, 2022 | 247.30 Mn |
| Jan 31, 2022 | 265.10 Mn |
| Oct 31, 2021 | 259.10 Mn |
API Access
Palo Alto Networks Share-based Compensation 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=share-based-compensation&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();