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Other financials

Income statement

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Revenue$3.4B+34.5%
Gross profit$2.3B+24.1%
Operating income$172.0M-65.4%
Net income-$177.0M-168%
EPS (diluted)-$0.22-159%

Balance sheet

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Cash & equivalents$2.5B+10.3%
Total debt$793.0M+90.0%
Total equity$27.5B+251%
Total assets$48.5B+106%

Cash flow

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Operating cash flow$1.4B+32.9%
CapEx$103.0M+18.4%

Valuation

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Market cap$325.97B+124%
Enterprise value$324.25B+126%
P/S28.4×+12.6×

Profitability

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Gross margin70.4%-3.1pp
Operating margin6.1%-7.4pp
Net margin7.9%-6.0pp
FCF margin35.8%-1.8pp

Returns & leverage

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Return on equity4.8%-16.3pp
Debt / equity0×0.0×
Current ratio0.9×-0.1×

Where this comes from

Calculated from Palo Alto Networks, Inc.’s reported figures.

The source filing: Palo Alto Networks, Inc.’s 10-K, filed September 10, 2026. Open the filing →

Filed
Sep 10, 2026, 4:19 PM EDT
Fiscal year
FY2026
Accession
0001327567-26-000023

FAQ

What is Palo Alto Networks, Inc.'s free cash flow?
Palo Alto Networks, Inc. (PANW) reported free cash flow of $1.25B in Q2 2026.
How has Palo Alto Networks, Inc.'s free cash flow changed year-over-year?
Palo Alto Networks, Inc.'s free cash flow increased by 34.3% year-over-year, from $934M to $1.25B.
What is the long-term trend for Palo Alto Networks, Inc.'s free cash flow?
Over 4 years (2022 to 2026), Palo Alto Networks, Inc.'s free cash flow has grown at a 23.1% compound annual growth rate (CAGR), from $1.79B to $4.11B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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