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Palo Alto Networks, Inc. PANW Q4 2025 Annual earnings

Reported August 18, 2025 · After market close

Revenue$2.5BBeat by $34.8M
EPS$0.95Beat by $0.06
Revenue estimate$2.5B
EPS estimate$0.89

Next report

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

Financials

Q4 2025

Income statement

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Revenue$2.5B+15.8%
Gross profit$1.9B+14.9%
Operating income$496.9M+108%
Net income$253.9M-29.0%
EPS (diluted)$0.36-28.0%

Balance sheet

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Cash & equivalents$2.3B+47.3%
Total debt$417.4M-70.4%
Total equity$7.8B+51.4%
Total assets$23.6B+17.9%

Cash flow

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Operating cash flow$1.0B+99.1%
CapEx$86.2M+81.9%
Free cash flow$934.8M+101%

Valuation & ratios

Valuation

as of 07/31/25
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Market cap$115.76B+9.9%
Enterprise value$113.89B+8.3%
P/E102.1×+61.2×
P/S12.6×-0.6×

Profitability

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Gross margin73.4%-0.9pp
Operating margin13.5%+5.0pp
Net margin12.3%-19.8pp
FCF margin37.6%-1.0pp

Returns & leverage

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Return on equity17.5%-57.1pp
Debt / equity0.1×-0.2×
Current ratio0.9×+0.1×

Segments

By geography

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Europe, the Middle East, and Africa (“EMEA”)$515.4M+19.6%
Asia Pacific and Japan (“APAC”)$290.0M+13.3%
Other Americas$113.9M+23.7%

By product

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Subscription$1.3B+16.7%
Support$647.2M+11.3%

FAQ

When did Palo Alto Networks, Inc. report Q4 2025 earnings?
Palo Alto Networks, Inc. (PANW) reported Q4 2025 earnings on August 18, 2025 after market close.
What were Palo Alto Networks, Inc.'s Q4 2025 revenue and EPS?
Palo Alto Networks, Inc. reported revenue of $2.5B and eps of $0.95 for Q4 2025.
Did Palo Alto Networks, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $2.5B by $34.8M. EPS beat the consensus estimate of $0.89 by $0.06.
How did Palo Alto Networks, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.5% from $3.0B a year earlier.
Where can I find Palo Alto Networks, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001327567-25-000024) and the 10-K periodic report (0001327567-25-000027) directly on SEC EDGAR. The filing index links above go to sec.gov.