What is Palo Alto Networks, Inc.'s goodwill?

Palo Alto Networks, Inc. (PANW) reported goodwill of $4.57B in Q4 2025.

How has Palo Alto Networks, Inc.'s goodwill changed year-over-year?

Palo Alto Networks, Inc.'s goodwill increased by 12.7% year-over-year, from $4.05B to $4.57B.

What is the long-term trend for Palo Alto Networks, Inc.'s goodwill?

Over 2 years (2023 to 2025), Palo Alto Networks, Inc.'s goodwill has grown at a 17.6% compound annual growth rate (CAGR), from $2.93B to $4.05B.

What does goodwill mean?

The premium paid for an acquisition above the value of its tangible and identifiable assets.

Discontinued — last reported Q4 '17

Non-Current Assets

Goodwill

Palo Alto Networks, Inc. Goodwill remained flat by 0.0% to $4.57B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.7%, from $4.05B to $4.57B. Over 2 years (FY 2023 to FY 2025), Goodwill shows an upward trend with a 17.6% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ3 2015

Last reportedQ4 2017

How to read this metric

High goodwill indicates a history of aggressive M&A; significant write-downs signal that acquired assets are underperforming expectations.

Detailed definition

Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...

Peer comparison

Common in industries with high M&A activity; peers are compared based on the ratio of goodwill to total equity.

Metric ID: goodwill

Historical Data

15 periods

	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	$2.71B	$2.75B	$2.75B	$2.91B	$2.93B	$2.93B	$2.93B	$3.37B	$3.37B	$3.35B	$4.05B	$4.05B	$4.05B	$4.57B	$4.57B
QoQ Change	—	+1.4%	+0.0%	+6.0%	+0.5%	+0.0%	+0.0%	+15.2%	+0.0%	-0.7%	+20.9%	+0.0%	+0.0%	+12.7%	+0.0%
YoY Change	—	+1.4%	—	—	—	+6.5%	+6.5%	+15.8%	+15.2%	+14.5%	+38.4%	+20.1%	+20.1%	+36.3%	+12.7%

Range$2.71B – $4.57B

CAGR+16.1%

Avg YoY Growth+17.1%

Median YoY Growth+15.2%

Current Streak5 quarters growth

Goodwill at Other Companies

MicrosoftMSFT View metric

Cisco Systems, Inc.CSCO View metric

Arista NetworksANET View metric

Broadcom Inc.AVGO View metric

NvidiaNVDA View metric

Dell TechnologiesDELL View metric

Frequently Asked Questions

What is Palo Alto Networks, Inc.'s goodwill?: Palo Alto Networks, Inc. (PANW) reported goodwill of $4.57B in Q4 2025.
How has Palo Alto Networks, Inc.'s goodwill changed year-over-year?: Palo Alto Networks, Inc.'s goodwill increased by 12.7% year-over-year, from $4.05B to $4.57B.
What is the long-term trend for Palo Alto Networks, Inc.'s goodwill?: Over 2 years (2023 to 2025), Palo Alto Networks, Inc.'s goodwill has grown at a 17.6% compound annual growth rate (CAGR), from $2.93B to $4.05B.
What does goodwill mean?: The premium paid for an acquisition above the value of its tangible and identifiable assets.