Current Liabilities
Contract Liabilities
Palo Alto Networks, Inc. Contract Liabilities increased by 5.0% to $6.49B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $5.82B to $6.49B. Over 4 years (FY 2021 to FY 2025), Contract Liabilities shows an upward trend with a 29.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ3 2026Jun 3, 2026
How to read this metric
Growth in contract liabilities typically signals strong sales momentum and a healthy pipeline of future revenue.
Detailed definition
This represents the company's obligation to transfer goods or services to a customer for which the company has already r...
Peer comparison
Essential for comparing revenue visibility across companies with long-term service contracts.
Metric ID:
contract_liabilitiesHistorical Data
17 periods
| Q4 '21 | 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 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $6.18B | $6.49B |
| 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% | +1.4% | +5.0% |
| YoY Change | — | +46.9% | — | — | — | +37.8% | +37.0% | +35.7% | +30.7% | +28.5% | +18.6% | +15.6% | +12.9% | +8.6% | +9.2% | +9.2% | +11.6% |
Range$2.28B – $6.49B
CAGR+29.9%
Avg YoY Growth+23.2%
Median YoY Growth+18.6%
Current Streak2 quarters growth
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 $6.49B in Q1 2026.
- How has Palo Alto Networks, Inc.'s contract liabilities changed year-over-year?
- Palo Alto Networks, Inc.'s contract liabilities increased by 11.6% year-over-year, from $5.82B to $6.49B.
- What is the long-term trend for Palo Alto Networks, Inc.'s contract liabilities?
- Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s contract liabilities has grown at a 29.7% compound annual growth rate (CAGR), from $2.28B to $6.45B.
- What does contract liabilities mean?
- Obligations to provide services for which payment has already been collected.