What is Palo Alto Networks, Inc.'s deferred tax assets?

Palo Alto Networks, Inc. (PANW) reported deferred tax assets of $75.00M in Q4 2025.

How has Palo Alto Networks, Inc.'s deferred tax assets changed year-over-year?

Palo Alto Networks, Inc.'s deferred tax assets decreased by 35.4% year-over-year, from $116.10M to $75.00M.

What is the long-term trend for Palo Alto Networks, Inc.'s deferred tax assets?

Over 2 years (2023 to 2025), Palo Alto Networks, Inc.'s deferred tax assets has grown at a 78.0% compound annual growth rate (CAGR), from $28.10M to $89.00M.

What does deferred tax assets mean?

Future tax savings that the company expects to realize due to past accounting differences or tax losses.

Non-Current Assets

Deferred Tax Assets

Palo Alto Networks, Inc. Deferred Tax Assets decreased by 21.9% to $75.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 35.4%, from $116.10M to $75.00M. Over 2 years (FY 2023 to FY 2025), Deferred Tax Assets shows an upward trend with a 78.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalHigher is better

VolatilityModerate

First reportedQ4 2023

Last reportedQ2 2026Feb 18, 2026

How to read this metric

An increase can signal future tax efficiency or the utilization of past losses, while a decrease may indicate the realization of those benefits.

Detailed definition

These are assets on the balance sheet that represent future tax savings resulting from temporary differences between the...

Peer comparison

Common in large, capital-intensive companies; peers with significant R&D spending often have large deferred tax assets from tax credits.

Metric ID: deferred_tax_assets

Historical Data

10 periods

	Q4 '23	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Value	$28.10M	$588.50M	$503.00M	$387.70M	$250.80M	$116.10M	$26.20M	$89.00M	$96.00M	$75.00M
QoQ Change	—	>999%	-14.5%	-22.9%	-35.3%	-53.7%	-77.4%	+239.7%	+7.9%	-21.9%
YoY Change	—	—	—	>999%	—	-80.3%	-94.8%	-77.0%	-61.7%	-35.4%

Range$26.20M – $588.50M

CAGR+54.7%

Avg YoY Growth+155.1%

Median YoY Growth-69.4%

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Frequently Asked Questions

What is Palo Alto Networks, Inc.'s deferred tax assets?: Palo Alto Networks, Inc. (PANW) reported deferred tax assets of $75.00M in Q4 2025.
How has Palo Alto Networks, Inc.'s deferred tax assets changed year-over-year?: Palo Alto Networks, Inc.'s deferred tax assets decreased by 35.4% year-over-year, from $116.10M to $75.00M.
What is the long-term trend for Palo Alto Networks, Inc.'s deferred tax assets?: Over 2 years (2023 to 2025), Palo Alto Networks, Inc.'s deferred tax assets has grown at a 78.0% compound annual growth rate (CAGR), from $28.10M to $89.00M.
What does deferred tax assets mean?: Future tax savings that the company expects to realize due to past accounting differences or tax losses.