Contract Liabilities
Palo Alto Networks, Inc. Contract Liabilities decreased by 5.5% to $6.10B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.2%, from $5.59B to $6.10B. Over 2 years (FY 2023 to FY 2025), Contract Liabilities shows an upward trend with a 21.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.
Detailed definition
This represents the obligation to transfer goods or services to a customer for which the company has already received co...
Peer comparison
Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.
contract_liabilitiesHistorical Data
| Q3 '21 | 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 | $2.28B | $3.35B | $3.44B | $3.61B | $3.94B | $4.62B | $4.71B | $4.90B | $5.15B | $5.94B | $5.59B | $5.66B | $5.82B | $6.45B | $6.10B |
| QoQ Change | — | +46.9% | +2.6% | +5.0% | +9.2% | +17.2% | +1.9% | +4.0% | +5.2% | +15.3% | -6.0% | +1.4% | +2.7% | +10.9% | -5.5% |
| YoY Change | — | +46.9% | — | — | — | +37.8% | +37.0% | +35.7% | +30.7% | +28.5% | +18.6% | +15.6% | +12.9% | +8.6% | +9.2% |
Contract Liabilities at Other Companies
Frequently Asked Questions
- What is Palo Alto Networks, Inc.'s contract liabilities?
- Palo Alto Networks, Inc. (PANW) reported contract liabilities of $6.10B in Q4 2025.
- How has Palo Alto Networks, Inc.'s contract liabilities changed year-over-year?
- Palo Alto Networks, Inc.'s contract liabilities increased by 9.2% year-over-year, from $5.59B to $6.10B.
- What is the long-term trend for Palo Alto Networks, Inc.'s contract liabilities?
- Over 2 years (2023 to 2025), Palo Alto Networks, Inc.'s contract liabilities has grown at a 21.5% compound annual growth rate (CAGR), from $3.94B to $5.82B.
- What does contract liabilities mean?
- Money received from customers for products or services that have not yet been delivered.