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Palo Alto Networks, Inc. PANW Q2 2025 earnings

Reported February 13, 2025 · After market close

Revenue$2.3BBeat by $15.9M
EPS$0.81Beat by $0.03
Revenue estimate$2.2B
EPS estimate$0.78

Next report

Sep 1, 2026 (In 4 days)
Revenue estimate$3.4B
EPS estimate$0.98

Financials

Q2 2025

Income statement

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Revenue$2.3B+14.3%
Gross profit$1.7B+12.3%
Operating income$241.0M+350%
Net income$267.0M-84.7%
EPS (diluted)$0.38-84.4%

Balance sheet

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Cash & equivalents$2.2B+25.0%
Total debt$896.8M-58.9%
Total equity$6.4B+46.3%
Total assets$21.0B+14.5%

Cash flow

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Operating cash flow$557.0M-19.3%
CapEx$48.0M+36.4%
Free cash flow$509.0M-22.3%

Valuation & ratios

Valuation

as of 01/31/25
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Market cap$60.35B-44.8%
Enterprise value$59.01B-46.2%
P/E48.1×+0.1×
P/S7×-7.5×

Profitability

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Gross margin73.9%-0.2pp
Operating margin11%+3.0pp
Net margin14.6%-15.6pp
FCF margin34.2%-4.6pp

Returns & leverage

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Return on equity23.4%-66.1pp
Debt / equity0.1×-0.4×
Current ratio0.8×0.0×

Segments

By geography

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Europe, the Middle East, and Africa (“EMEA”)$480.0M+18.0%
Asia Pacific and Japan (“APAC”)$275.0M+17.5%
Other Americas$102.0M+18.6%

By product

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Subscription$1.2B+20.0%
Support$603.0M+8.2%

FAQ

When did Palo Alto Networks, Inc. report Q2 2025 earnings?
Palo Alto Networks, Inc. (PANW) reported Q2 2025 earnings on February 13, 2025 after market close.
What were Palo Alto Networks, Inc.'s Q2 2025 revenue and EPS?
Palo Alto Networks, Inc. reported revenue of $2.3B and eps of $0.81 for Q2 2025.
Did Palo Alto Networks, Inc. beat estimates in Q2 2025?
Revenue beat the consensus estimate of $2.2B by $15.9M. EPS beat the consensus estimate of $0.78 by $0.03.
Where can I find Palo Alto Networks, Inc.'s Q2 2025 SEC filings?
You can read the 8-K earnings release (0001327567-25-000006) and the 10-Q periodic report (0001327567-25-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.