Operating
Stock-Based Comp
Palo Alto Networks, Inc. Stock-Based Comp increased by 4.4% to $370.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.7%, from $294.30M to $370.00M. Over 4 years (FY 2021 to FY 2025), Stock-Based Comp shows an upward trend with a 9.6% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase may signal a strategy to preserve cash or align employee interests with shareholders, but it also results in share dilution.
Detailed definition
Stock-based compensation is a non-cash expense where employees and executives are rewarded with equity or stock options...
Peer comparison
High-growth technology firms often have higher stock-based compensation as a percentage of revenue compared to mature industrial firms.
Metric ID:
cf_stock_based_compensationHistorical 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 | $233.10M | $230.00M | $259.10M | $265.10M | $247.30M | $239.60M | $266.00M | $283.30M | $271.00M | $254.20M | $271.00M | $272.00M | $263.50M | $268.90M | $294.30M | $320.50M | $325.90M | $354.40M | $370.00M |
| QoQ Change | — | -1.3% | +12.7% | +2.3% | -6.7% | -3.1% | +11.0% | +6.5% | -4.3% | -6.2% | +6.6% | +0.4% | -3.1% | +2.0% | +9.4% | +8.9% | +1.7% | +8.7% | +4.4% |
| YoY Change | — | — | — | — | +6.1% | +4.2% | +2.7% | +6.9% | +9.6% | +6.1% | +1.9% | -4.0% | -2.8% | +5.8% | +8.6% | +17.8% | +23.7% | +31.8% | +25.7% |
Range$230.00M – $370.00M
CAGR+10.8%
Avg YoY Growth+9.6%
Median YoY Growth+6.1%
Current Streak6 quarters growth
Stock-Based Comp at Other Companies
Frequently Asked Questions
- What is Palo Alto Networks, Inc.'s stock-based comp?
- Palo Alto Networks, Inc. (PANW) reported stock-based comp of $370.00M in Q4 2025.
- How has Palo Alto Networks, Inc.'s stock-based comp changed year-over-year?
- Palo Alto Networks, Inc.'s stock-based comp increased by 25.7% year-over-year, from $294.30M to $370.00M.
- What is the long-term trend for Palo Alto Networks, Inc.'s stock-based comp?
- Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s stock-based comp has grown at a 9.6% compound annual growth rate (CAGR), from $838.70M to $1.21B.
- What does stock-based comp mean?
- The value of company shares given to employees as part of their pay.