Income StatementBalance SheetCash FlowSegments
Palo Alto Networks, Inc. logo

Palo Alto Networks, Inc. Income Statement

Revenue, expenses, and profitability over time

Palo Alto Networks, Inc. generated $9.9B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $1.3B with a 12.96% net margin. Gross margin stands at 73.5% and operating margin at 14.37%. Diluted EPS is $1.81, which grew 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$9.9BGross Profit (TTM)$7.3BOperating Income (TTM)$1.4BNet Income (TTM)$1.3BEps Diluted (TTM)$1.81
Latest FilingQ1 2026
Report Date2026-02-18
Market Cap$211.33B
P/E Ratio164.86
ROE16.26%

Earnings Per Share

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Basic earnings per share$0.54$0.41$0.39$0.38$0.49$0.61
Diluted earnings per share$0.49$0.38$0.37$0.36$0.47$0.61
Weighted-average shares, basic654M659M665.1M3.2M679M704M
Weighted-average shares, diluted709M709M707.4M700K709M711M

Operating Expenses

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
General and administrative$98.0M$154.0M$163.9M$27.3M$179.0M$178.0M
Other operating expenses$1.3B$1.4B$1.5B$1.4B$1.5B$1.5B
Research and development$481.0M$505.0M$494.5M$503.5M$528.0M$511.0M
Selling and marketing$720.0M$758.0M$792.5M$829.3M$820.0M$823.0M
Total operating expenses$1.3B$1.4B$1.5B$1.4B$1.5B$1.5B

Operating Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Gross profit$1.6B$1.7B$1.7B$1.9B$1.8B$1.9B
Operating income$286.0M$241.0M$218.8M$497.2M$309.0M$397.0M

Income Before Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income before income taxes$368.0M$325.0M$310.5M$591.8M$412.0M$549.0M

Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Income tax expense$17.0M$58.0M$48.4M$338.0M$78.0M$117.0M

Other Income & Expense

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Interest expense$1.0M$1.0M$700.0K$200.0K$0.0$0.0

Net Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Net income$351.0M$267.0M$262.1M$253.8M$334.0M$432.0M

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other income, net$83.0M$85.0M$92.4M$94.8M$103.0M$152.0M
Revenue From Contract With Customer Excluding Assessed Tax$2.1B$2.3B$2.3B$2.5B$2.5B$2.6B

Cost of Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total cost of revenue$554.0M$599.0M$619.3M$679.0M$638.0M$685.0M

Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Total revenue$2.1B$2.3B$2.3B$2.5B$2.5B$2.6B