Palo Alto Networks (PANW) Share-based Compensation (2011 - 2026)
Palo Alto Networks' (PANW) quarterly Share-based Compensation came in at $460.0 million in Q3 2026, up 29.94% year-over-year from $354.0 million in Q3 2025, and down 28.46% on a QoQ basis from $643.0 million in Q2 2026.
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Analysis
Palo Alto Networks (PANW) Share-based Compensation (2011 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 16 years of Share-based Compensation data on file, last reported at $460.0 million in Q3 2026.
- On a quarterly basis, Share-based Compensation rose 29.94% year-over-year to $460.0 million in Q3 2026; TTM through Jul 2026 was $1.8 billion, a 36.99% increase from a year earlier, with the FY2026 full-year figure at $1.8 billion, up 36.99% from the prior year.
- Share-based Compensation for Q3 2026 stood at $460.0 million, down from $643.0 million in the prior quarter.
- Across five years, Share-based Compensation topped out at $643.0 million in Q2 2026 and bottomed at $239.6 million in Q3 2022.
- Historically, Share-based Compensation has averaged $314.3 million across 5 years, with a median of $272.0 million in 2024.
- The largest YoY upside for Share-based Compensation was 97.24% in 2026 against a maximum downside of 5.94% in 2026.
- Year by year, Share-based Compensation stood at $266.0 million in 2022, then increased by 1.88% to $271.0 million in 2023, then grew by 8.86% to $295.0 million in 2024, then increased by 25.42% to $370.0 million in 2025, then climbed by 24.32% to $460.0 million in 2026.
- Per Business Quant data, the three most recent Share-based Compensation figures were $460.0 million in Q3 2026, $643.0 million in Q2 2026, and $301.0 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 460.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 376.91 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 79.30 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 423.58 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 6.88 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 144.00 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 148.94 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 114.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 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();