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Palo Alto Networks, Inc. PANW Q3 2025 earnings

Reported May 20, 2025 · After market close

Revenue$2.3BBeat by $9.9M
EPS$0.80Beat by $0.03
Revenue estimate$2.3B
EPS estimate$0.77

Next report

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

Financials

Q3 2025

Income statement

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Revenue$2.3B+15.3%
Gross profit$1.7B+13.5%
Operating income$219.0M+23.9%
Net income$262.0M-6.0%
EPS (diluted)$0.37-5.1%

Balance sheet

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Cash & equivalents$2.4B+73.3%
Total debt$728.9M-52.4%
Total equity$7.2B+61.8%
Total assets$22.0B+22.7%

Cash flow

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Operating cash flow$628.0M+18.7%
CapEx$68.0M+81.8%
Free cash flow$560.0M+13.9%

Valuation & ratios

Valuation

as of 04/30/25
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Market cap$116.56B+23.5%
Enterprise value$114.89B+21.6%
P/E94.2×+55.6×
P/S13.1×+1.0×

Profitability

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Gross margin73.6%-0.9pp
Operating margin11.1%+2.1pp
Net margin13.9%-17.5pp
FCF margin33.8%-4.9pp

Returns & leverage

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Return on equity21.2%-64.7pp
Debt / equity0.1×-0.2×
Current ratio0.9×+0.1×

Segments

By geography

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Europe, the Middle East, and Africa (“EMEA”)$480.0M+20.2%
Asia Pacific and Japan (“APAC”)$279.0M+23.5%
Other Americas$105.0M+18.6%

By product

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Subscription$1.2B+18.0%
Support$602.0M+9.8%

FAQ

When did Palo Alto Networks, Inc. report Q3 2025 earnings?
Palo Alto Networks, Inc. (PANW) reported Q3 2025 earnings on May 20, 2025 after market close.
What were Palo Alto Networks, Inc.'s Q3 2025 revenue and EPS?
Palo Alto Networks, Inc. reported revenue of $2.3B and eps of $0.80 for Q3 2025.
Did Palo Alto Networks, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $2.3B by $9.9M. EPS beat the consensus estimate of $0.77 by $0.03.
How did Palo Alto Networks, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.3% from $2.0B a year earlier and eps grew 21.2% from $0.66.
Where can I find Palo Alto Networks, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001327567-25-000015) and the 10-Q periodic report (0001327567-25-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.