Investing
CapEx
Palo Alto Networks, Inc. CapEx decreased by 2.7% to $84.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 90.5%, from $44.10M to $84.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 14.5% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $26.90M | $27.40M | $34.60M | $80.70M | $38.30M | $39.20M | $39.60M | $38.30M | $31.20M | $37.20M | $36.80M | $35.20M | $37.40M | $47.40M | $44.10M | $47.50M | $68.30M | $86.30M | $84.00M |
| QoQ Change | — | +1.9% | +26.3% | +133.2% | -52.5% | +2.3% | +1.0% | -3.3% | -18.5% | +19.2% | -1.1% | -4.3% | +6.3% | +26.7% | -7.0% | +7.7% | +43.8% | +26.4% | -2.7% |
| YoY Change | — | — | — | — | +42.4% | +43.1% | +14.5% | -52.5% | -18.5% | -5.1% | -7.1% | -8.1% | +19.9% | +27.4% | +19.8% | +34.9% | +82.6% | +82.1% | +90.5% |
Range$26.90M – $86.30M
CAGR+28.8%
Avg YoY Growth+24.4%
Median YoY Growth+19.9%
CapEx at Other Companies
Frequently Asked Questions
- What is Palo Alto Networks, Inc.'s capex?
- Palo Alto Networks, Inc. (PANW) reported capex of $84.00M in Q4 2025.
- How has Palo Alto Networks, Inc.'s capex changed year-over-year?
- Palo Alto Networks, Inc.'s capex increased by 90.5% year-over-year, from $44.10M to $84.00M.
- What is the long-term trend for Palo Alto Networks, Inc.'s capex?
- Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s capex has grown at a 14.5% compound annual growth rate (CAGR), from $120.40M to $207.30M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.