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Palo Alto Networks, Inc.

PANW

Palo Alto Networks is a global cybersecurity leader providing integrated platforms designed to protect users, networks, clouds, and endpoints through AI-driven automation.

Market cap
$275.72B+115%
Revenue$10.6B+19.5%
Net income$842.9M-31.9%
Free cash flow$3.8B+26.5%
EPS (diluted)$1.22-29.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 17, 2026 (in a month)
Revenue estimate$3.3B
EPS estimate$0.97

Financials

Q3 2026

Income statement

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Revenue$3.0B+31.1%
Gross profit$2.0B+21.4%
Operating income-$183.0M-184%
Net income-$177.0M-168%
EPS (diluted)-$0.22-159%

Balance sheet

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Cash & equivalents$2.4B-0.9%
Total debt$2.2B+206%
Total equity$27.7B+283%
Total assets$46.3B+110%

Cash flow

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Operating cash flow$871.0M+38.7%
CapEx$83.0M+22.1%
Free cash flow$788.0M+40.7%

Valuation & ratios

Valuation

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Market cap$275.72B+115%
Enterprise value$275.58B+108%
P/E327.1×+219×
P/S26×+10.9×

Profitability

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Gross margin71.9%-1.6pp
Operating margin9.6%-1.5pp
Net margin7.9%-6.0pp
FCF margin35.8%+2.0pp

Returns & leverage

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Return on equity4.8%-16.3pp
Debt / equity0.1×0.0×
Current ratio0.9×0.0×

Segments

By geography

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Europe, the Middle East, and Africa (“EMEA”)$633.0M+31.9%
Asia Pacific and Japan (“APAC”)$351.0M+25.8%
Other Americas$164.0M+56.2%

By product

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Subscription$1.6B+32.3%
Support$776.0M+28.9%

Competitors

Profile

Palo Alto Networks is a global cybersecurity leader providing integrated platforms designed to protect users, networks, clouds, and endpoints through AI-driven automation. The company's core value proposition centers on a 'platformization' strategy, enabling organizations to consolidate disparate security point products into a unified architecture for improved security outcomes and operational efficiency. Their comprehensive portfolio spans network security, cloud-native application protection, and advanced security operations.

Competitive position

A leading global cybersecurity provider focused on platform consolidation and AI-driven security automation across network, cloud, and endpoint environments.

GeographiesGlobal, United States
Customer segmentsEnterprise, Government, Service Providers, Financial Services, Healthcare, Telecommunications
Business modelSubscription SaaS, Hardware Sales, Professional Services, Usage-based Licensing
SuppliersElectronics Manufacturing Services (EMS) providers, Original Design Manufacturers (ODM), Component Suppliers, Third-party Logistics Providers, Cloud Hosting Providers (AWS, Azure, Google Cloud)
CustomersTwo-tier Distributors, Resellers, Global Systems Integrators, Managed Security Service Providers (MSSP), Direct Enterprise Customers
Listed2012
Employees14.8K
CEONikesh Arora
FilingsSEC EDGAR

Questions, answered.

What is Palo Alto Networks, Inc.'s market cap?
Palo Alto Networks, Inc. (PANW) has a market capitalization of $275.72B and trades on NASDAQ.
What is Palo Alto Networks, Inc.'s revenue and profitability?
Palo Alto Networks, Inc. generated $10.6B in trailing twelve-month revenue with net income of $842.9M, representing a net margin of 7.9%. Gross margin stands at 71.9%, with free cash flow of $3.8B. These figures are based on the Q2 2026 filing.
Who are Palo Alto Networks, Inc.'s competitors?
Palo Alto Networks, Inc.'s key competitors include Cisco Systems, Inc., Fortinet, Inc., Zscaler, Inc., and others. These companies compete in similar markets and product categories.
Who does Palo Alto Networks, Inc. partner with?
Palo Alto Networks, Inc.'s notable partners include Amazon Web Services, Microsoft Azure, Google Cloud, and others.
What subsidiaries does Palo Alto Networks, Inc. have?
Palo Alto Networks, Inc.'s subsidiaries include Protect AI, Inc., CyberArk Software Ltd..
Where is Palo Alto Networks, Inc. headquartered?
Palo Alto Networks, Inc. is headquartered in United States of America and employs approximately 14,789 people. It has been publicly traded since 2012.