What is Palo Alto Networks, Inc.'s acquisitions?

Palo Alto Networks, Inc. (PANW) reported acquisitions of $1.99B in Q1 2026.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Palo Alto Networks, Inc. PANW Acquisitions

Acquisitions at other companies

Cisco Systems, Inc.CSCO

$39M-2.5%

F5, Inc.FFIV

$146.89M+1,684%

FortinetFTNT

$0-100%

CrowdStrike Holdings, Inc.CRWD

$881.38M—

SentinelOneS

$952K—

ZscalerZS

$97.27M—

Other financials

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

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Market cap$275.72B+105%

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×

Where this comes from

Reported directly by Palo Alto Networks, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Palo Alto Networks, Inc.’s 10-Q, filed June 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Palo Alto Networks, Inc.'s acquisitions?: Palo Alto Networks, Inc. (PANW) reported acquisitions of $1.99B in Q1 2026.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.