Palo Alto Networks (PANW) Tax Rate (2011 - 2026)
Palo Alto Networks (PANW) posted quarterly Tax Rate of 21.31% for Q1 2026, up 347.0% year-over-year from 4.77% in Q1 2025, and up 12.57% quarter-over-quarter from 18.93% in Q4 2025.
Palo Alto Networks (PANW) Tax Rate (2011 - 2026) Analysis & Trends
Palo Alto Networks' Tax Rate history runs 16 years deep, the most recent figure standing at 21.31% for Q1 2026.
- In Q1 2026, Tax Rate rose 347.0% year-over-year to 21.31%; the TTM figure through Jan 2026 stood at 31.2% (up 3136.0% YoY), while the FY2025 annual figure was 28.94%, up 19083.0% from the prior year.
- Tax Rate for Q1 2026 stood at 21.31%, up from 18.93% in the prior quarter.
- The five-year high for Tax Rate was 80.92% in Q3 2022, with the low at 1189.23% in Q1 2024.
- The 5-year median for Tax Rate is 17.71% (2023), against an average of 55.02%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate plunged 118946 bps in 2024, then surged 120707 bps in 2025.
- Palo Alto Networks' Tax Rate stood at 41.86% in 2022, then slipped by 25 bps to 31.28% in 2023, then plunged by 85 bps to 4.62% in 2024, then jumped by 310 bps to 18.93% in 2025, then increased by 13 bps to 21.31% in 2026.
- Business Quant data shows PANW's Tax Rate at 21.31% in Q1 2026, 18.93% in Q4 2025, and 57.11% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 24.84% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -10.34% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.42% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -13.46% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 15.97% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -1.22% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 18.14% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -10.99% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 71.11% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -42.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -13.46% |
| Apr 30, 2026 | -13.46% |
| Apr 30, 2026 | -13.46% |
| Jan 31, 2026 | 21.31% |
| Jan 31, 2026 | 21.31% |
| Jan 31, 2026 | 21.31% |
| Oct 31, 2025 | 18.93% |
| Oct 31, 2025 | 18.93% |
| Oct 31, 2025 | 18.93% |
| Jul 31, 2025 | 57.11% |
| Jul 31, 2025 | 57.11% |
| Jul 31, 2025 | 57.11% |
| Apr 30, 2025 | 15.59% |
| Apr 30, 2025 | 15.59% |
| Apr 30, 2025 | 15.59% |
| Jan 31, 2025 | 17.85% |
| Jan 31, 2025 | 17.85% |
| Jan 31, 2025 | 17.85% |
| Oct 31, 2024 | 4.62% |
| Oct 31, 2024 | 4.62% |