Current Liabilities
Deferred Revenue
Palo Alto Networks, Inc. Deferred Revenue increased by 13.8% to $7.11B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.6%, from $5.76B to $7.11B. Over 4 years (FY 2021 to FY 2025), Deferred Revenue shows an upward trend with a 23.1% 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 2015
Last reportedQ3 2026Jun 3, 2026
How to read this metric
An increase is a strong leading indicator of future revenue growth and customer demand.
Detailed definition
This represents payments received from customers for products or services that have not yet been delivered or performed....
Peer comparison
A primary metric for SaaS and subscription-based companies to gauge future bookings.
Metric ID:
deferred_revenue_currentHistorical 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 | $2.74B | $3.64B | $3.74B | $3.94B | $4.15B | $4.67B | $4.73B | $4.92B | $5.01B | $5.54B | $5.51B | $5.60B | $5.76B | $6.30B | $6.13B | $6.25B | $7.11B |
| QoQ Change | — | +32.8% | +2.7% | +5.4% | +5.2% | +12.7% | +1.2% | +3.9% | +2.0% | +10.5% | -0.6% | +1.7% | +2.8% | +9.5% | -2.7% | +1.9% | +13.8% |
| YoY Change | — | +32.8% | — | — | — | +28.4% | +26.5% | +24.7% | +20.9% | +18.5% | +16.4% | +13.9% | +14.8% | +13.7% | +11.3% | +11.6% | +23.6% |
Range$2.74B – $7.11B
CAGR+26.9%
Avg YoY Growth+19.8%
Median YoY Growth+18.5%
Current Streak2 quarters growth
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Palo Alto Networks, Inc.'s deferred revenue?
- Palo Alto Networks, Inc. (PANW) reported deferred revenue of $7.11B in Q1 2026.
- How has Palo Alto Networks, Inc.'s deferred revenue changed year-over-year?
- Palo Alto Networks, Inc.'s deferred revenue increased by 23.6% year-over-year, from $5.76B to $7.11B.
- What is the long-term trend for Palo Alto Networks, Inc.'s deferred revenue?
- Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s deferred revenue has grown at a 23.1% compound annual growth rate (CAGR), from $2.74B to $6.30B.
- What does deferred revenue mean?
- Cash received from customers for services not yet provided.