Palo Alto Networks (PANW) Tax Rate (2011 - 2026)
Palo Alto Networks (PANW) recorded Tax Rate of -4.83% in fiscal Q4 2026 (quarter ended Jul 31, 2026), down 61.93 percentage points from 57.09% a year earlier but up 8.63 percentage points from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Tax Rate (2011 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Palo Alto Networks reported Tax Rate of 42.72%, up 13.78 percentage points from FY2025.
- Annual Tax Rate has a five-year change of +50.01 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Tax Rate came in at 28.95% in FY2025 (+189.88 pp), -160.93% in FY2024 (-183.29 pp), 22.36% in FY2023 (+51.22 pp) and -28.86% in FY2022 (-21.57 pp).
- Quarterly Tax Rate has ranged from -1189.23% in fiscal Q2 2024 to 80.92% in fiscal Q4 2022 over the past five years.
- On a year-over-year basis, Tax Rate rose in five of the last eight quarters, with an average year-over-year change of +150.41 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 1207.07 percentage points in fiscal Q2 2025, against a drop of 1189.46 percentage points in fiscal Q2 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -13.46% (Q3 2026), 21.31% (Q2 2026) and 18.93% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | - |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | - |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 13.92% |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 7.94% |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | - |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | 9.97% |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 10.89% |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | 7.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| 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% |
| Jan 31, 2019 | 230.00% |
| Jul 31, 2018 | 58.58% |
| Jan 31, 2012 | 40.45% |
| Oct 31, 2011 | 36.07% |
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();