Palo Alto Networks (PANW) Tax Rate (2011 - 2026)

Palo Alto Networks' Tax Rate history runs 16 years deep, the most recent figure standing at 21.31% for Q1 2026.

• On a quarterly basis, Tax Rate rose 347.0% year-over-year to 21.31% in Q1 2026; TTM through Jan 2026 was 31.2%, a 3136.0% increase from a year earlier, with the FY2025 full-year figure at 28.94%, up 19083.0% from the prior year.
• Tax Rate grew to 21.31% in Q1 2026 per PANW's latest filing, from 18.93% 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.
• The 5-year median for Tax Rate is 17.71% (2023), against an average of 55.02%.
• Across the five-year window, Tax Rate sank 118946 bps in 2024 and surged 120707 bps in 2025, its largest moves.
• Year by year, Tax Rate stood at 41.86% in 2022, then dropped by 25 bps to 31.28% in 2023, then tumbled by 85 bps to 4.62% in 2024, then surged by 310 bps to 18.93% in 2025, then rose by 13 bps to 21.31% in 2026.
• Per Business Quant, the three latest PANW Tax Rate figures stand at 21.31% (Q1 2026), 18.93% (Q4 2025), and 57.11% (Q3 2025).