Palo Alto Networks (PANW) Tax Rate (2011 - 2026)
Palo Alto Networks' (PANW) quarterly Tax Rate came in at 4.83% in Q3 2026, down 6193.0% year-over-year from 0.08% in Q3 2025, and up 64.1% on a QoQ basis from 13.46% in Q2 2026.
Powered by 
Analysis
Palo Alto Networks (PANW) Tax Rate (2011 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 16 years of Tax Rate data on file, last reported at 4.83% in Q3 2026.
- On a quarterly basis, Tax Rate fell 6193.0% year-over-year to 4.83% in Q3 2026; TTM through Jul 2026 was 42.72%, a 1378.0% increase from a year earlier, with the FY2026 full-year figure at 42.72%, up 1378.0% from the prior year.
- Tax Rate for Q3 2026 stood at 4.83%, up from 13.46% in the prior quarter.
- Across five years, Tax Rate topped out at 80.92% in Q3 2022 and bottomed at 1189.23% in Q1 2024.
- Historically, Tax Rate has averaged 50.02% across 5 years, with a median of 15.76% in 2025.
- The widest annual swing landed in 2024, when Tax Rate slumped 118946 bps; it then jumped 120707 bps in 2025.
- Year by year, Tax Rate stood at 41.86% in 2022, then retreated by 25 bps to 31.28% in 2023, then plunged by 85 bps to 4.62% in 2024, then surged by 310 bps to 18.93% in 2025, then slumped by 126 bps to 4.83% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 4.83% in Q3 2026, 13.46% in Q2 2026, and 21.31% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | -4.83% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | -35.60% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -1.82% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 13.92% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 9.97% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 10.89% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 7.94% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 31.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -4.83% |
| Apr 30, 2026 | -13.46% |
| Jan 31, 2026 | 21.31% |
| Oct 31, 2025 | 18.93% |
| Jul 31, 2025 | 57.09% |
| Apr 30, 2025 | 15.76% |
| Jan 31, 2025 | 17.85% |
| Oct 31, 2024 | 4.62% |
| Jul 31, 2024 | -12.36% |
| Apr 30, 2024 | -10.99% |
| Jan 31, 2024 | -1,189.23% |
| Oct 31, 2023 | 31.28% |
| Jul 31, 2023 | 28.06% |
| Apr 30, 2023 | 17.71% |
| Jan 31, 2023 | 0.24% |
| Oct 31, 2022 | 41.86% |
| Jul 31, 2022 | 80.92% |
| Apr 30, 2022 | -39.43% |
| Jan 31, 2022 | -15.72% |
| Oct 31, 2021 | -13.60% |
API Access
Palo Alto Networks Tax Rate 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=tax-rate&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();