Subscription — Revenue:
Palo Alto Networks, Inc. Subscription — Revenue: increased by 3.7% to $1.36B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $1.19B to $1.36B. Over 4 years (FY 2021 to FY 2025), Subscription — Revenue: shows an upward trend with a 28.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates successful customer adoption of recurring security platforms and higher long-term contract value, while a decrease may signal churn or a shift in customer purchasing preferences away from subscription-based models.
Detailed definition
This metric represents the total revenue generated from recurring software-as-a-service (SaaS) offerings, security subsc...
Peer comparison
Comparable to Annual Recurring Revenue (ARR) or subscription-based service revenue reported by other enterprise software and cybersecurity firms.
panw_segment_subscription_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | 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 | $473.80M | $535.30M | $578.80M | $618.00M | $639.80M | $702.40M | $764.00M | $815.40M | $838.10M | $917.90M | $988.30M | $1.03B | $1.05B | $1.13B | $1.19B | $1.23B | $1.23B | $1.32B | $1.36B |
| QoQ Change | — | +13.0% | +8.1% | +6.8% | +3.5% | +9.8% | +8.8% | +6.7% | +2.8% | +9.5% | +7.7% | +3.9% | +1.8% | +7.8% | +5.7% | +3.5% | +0.1% | +6.5% | +3.7% |
| YoY Change | — | — | — | — | +35.0% | +31.2% | +32.0% | +31.9% | +31.0% | +30.7% | +29.4% | +26.0% | +24.8% | +22.8% | +20.6% | +20.1% | +18.1% | +16.6% | +14.4% |
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Frequently Asked Questions
- What is Palo Alto Networks, Inc.'s subscription — revenue:?
- Palo Alto Networks, Inc. (PANW) reported subscription — revenue: of $1.36B in Q4 2025.
- How has Palo Alto Networks, Inc.'s subscription — revenue: changed year-over-year?
- Palo Alto Networks, Inc.'s subscription — revenue: increased by 14.4% year-over-year, from $1.19B to $1.36B.
- What is the long-term trend for Palo Alto Networks, Inc.'s subscription — revenue:?
- Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s subscription — revenue: has grown at a 28.5% compound annual growth rate (CAGR), from $1.75B to $4.79B.
- What does subscription — revenue: mean?
- Revenue earned from recurring security subscriptions and software services provided to customers over time.