Non-Current Assets
Goodwill
Palo Alto Networks, Inc. Goodwill increased by 51.8% to $6.93B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 71.1%, from $4.05B to $6.93B. Over 4 years (FY 2021 to FY 2025), Goodwill shows an upward trend with a 13.9% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2015
Last reportedQ2 2026Feb 18, 2026
How to read this metric
A significant increase indicates recent M&A activity, while a sudden decrease typically signals an impairment charge due to underperforming acquisitions.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...
Peer comparison
Standard metric for companies that grow through acquisition; comparable across all industries.
Metric ID:
goodwillHistorical Data
16 periods
| Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.71B | $2.75B | $2.75B | $2.91B | $2.93B | $2.93B | $2.93B | $3.37B | $3.37B | $3.35B | $4.05B | $4.05B | $4.05B | $4.57B | $4.57B | $6.93B |
| QoQ Change | — | +1.4% | +0.0% | +6.0% | +0.5% | +0.0% | +0.0% | +15.2% | +0.0% | -0.7% | +20.9% | +0.0% | +0.0% | +12.7% | +0.0% | +51.8% |
| YoY Change | — | +1.4% | — | — | — | +6.5% | +6.5% | +15.8% | +15.2% | +14.5% | +38.4% | +20.1% | +20.1% | +36.3% | +12.7% | +71.1% |
Range$2.71B – $6.93B
CAGR+28.5%
Avg YoY Growth+21.6%
Median YoY Growth+15.5%
Current Streak6 quarters growth
Goodwill at Other Companies
Frequently Asked Questions
- What is Palo Alto Networks, Inc.'s goodwill?
- Palo Alto Networks, Inc. (PANW) reported goodwill of $6.93B in Q4 2025.
- How has Palo Alto Networks, Inc.'s goodwill changed year-over-year?
- Palo Alto Networks, Inc.'s goodwill increased by 71.1% year-over-year, from $4.05B to $6.93B.
- What is the long-term trend for Palo Alto Networks, Inc.'s goodwill?
- Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s goodwill has grown at a 13.9% compound annual growth rate (CAGR), from $2.71B to $4.57B.
- What does goodwill mean?
- The excess price paid for an acquisition over the fair value of its net assets.