United States was Palo Alto Networks’s largest region in fiscal 2026, bringing in $7.11B of $11.48B (62%).
| Geography | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|
| United States | $4.42B | $5.13B | $5.79B | $7.11B | |||||
| Europe, The Middle East, & Africa (“Emea”) | $1.36B | $1.60B | $1.92B | $2.43B | |||||
| Emea | — | — | — | — | |||||
| Asia Pacific & Japan (“Apac”) | $813.20M | $942.60M | $1.10B | $1.37B | |||||
| Apac | — | — | — | — | |||||
| Other Americas | $295.70M | $348.90M | $418.90M | $571.00M | |||||
| Total | $6.89B | $8.03B | $9.22B | $11.48B |
Palo Alto Networks brought in $11.48B from its four regions in fiscal 2026, the year ended July 31, 2026. That was up 24.5% from $9.22B in fiscal 2025. United States was the largest at $7.11B (61.9%), ahead of Europe, The Middle East, & Africa (“Emea”) at $2.43B (21.1%) and Asia Pacific & Japan (“Apac”) at $1.37B (12.0%). The remaining region, Other Americas, brought in $571.00M.
Compared with fiscal 2025, Other Americas grew fastest, up 36.3% to $571.00M. Every region above 2% of revenue grew. From fiscal 2023 to 2026, combined revenue from these regions grew from $6.89B to $11.48B, a compound annual growth rate of 18.5%. United States' share of the total fell from 64.2% to 61.9%.
Subscription was Palo Alto Networks’s largest product and service line in fiscal 2026, bringing in $6.24B of $11.48B (54%).
| Product and Service | FY 2014 | FY 2017 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription | $3.34B | $4.19B | $4.97B | $6.24B | ||||||||||||||||
| Support | $1.98B | $2.24B | $2.45B | $2.96B | ||||||||||||||||
| Product | $1.58B | $1.60B | $1.80B | $2.28B | ||||||||||||||||
| Subscription & Support | — | — | — | — | ||||||||||||||||
| Support & Maintenance | — | — | — | — | ||||||||||||||||
| Total | $6.89B | $8.03B | $9.22B | $11.48B |
Palo Alto Networks brought in $11.48B from its three product and service lines in fiscal 2026, the year ended July 31, 2026. That was up 24.5% from $9.22B in fiscal 2025. Subscription was the largest at $6.24B (54.3%), ahead of Support at $2.96B (25.8%) and Product at $2.28B (19.9%).
Compared with fiscal 2025, Product grew fastest, up 26.5% to $2.28B. Every line above 2% of revenue grew. From fiscal 2023 to 2026, combined revenue from these lines grew from $6.89B to $11.48B, a compound annual growth rate of 18.5%. Subscription's share of the total rose from 48.4% to 54.3%.
As Previously Reported was Palo Alto Networks’s largest revenue line in fiscal 2017, bringing in $1.05B of $1.05B (100%).
| Adjustments for New Accounting Pronouncements | FY 2017 |
|---|---|
| As Previously Reported | $1.05B |
| Impact Of Adoption | -$600.00K |
| Total | $1.05B |
Palo Alto Networks brought in $1.05B from its two revenue lines in fiscal 2017, the year ended July 31, 2017. As Previously Reported was the largest at $1.05B (100.1%).
The total is net of Impact Of Adoption, which took $600.00K off revenue in fiscal 2017.
Palo Alto Networks (PANW) reports its revenue by geography, by product and service and by adjustments for new accounting pronouncements. In fiscal 2026, United States was its largest region, bringing in $7.11B (61.9% of the total), followed by Europe, The Middle East, & Africa (“Emea”) at $2.43B (21.1%).
United States was Palo Alto Networks' largest region in fiscal 2026, bringing in $7.11B, or 61.9% of the $11.48B total across its four regions.
Subscription was Palo Alto Networks' largest product and service line in fiscal 2026, bringing in $6.24B, or 54.3% of the $11.48B total across its three product and service lines.
As Previously Reported was Palo Alto Networks' largest revenue line in fiscal 2017, bringing in $1.05B, or 100.1% of the $1.05B total across its two revenue lines.
Among Palo Alto Networks' regions that make up at least 2% of revenue, Other Americas grew fastest in fiscal 2026, up 36.3% from $418.90M to $571.00M.
Every figure comes from Palo Alto Networks' annual financial filings, as reported. Each line keeps the name Palo Alto Networks gives it, and years follow its fiscal calendar.
Palo Alto Networks' revenue by geography goes back to fiscal 2017, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.