Equity

Retained Earnings

Palo Alto Networks, Inc. Retained Earnings decreased by 5.4% to $3.07B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 37.8%, from $2.23B to $3.07B. Over 4 years (FY 2021 to FY 2025), Retained Earnings shows an upward trend with a 10.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionEquity
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ4 2015
Last reportedQ3 2026Jun 3, 2026

How to read this metric

Consistent growth in retained earnings signals strong historical profitability and the ability to self-fund future growth initiatives.

Detailed definition

This represents the cumulative net income earned by the company since inception, minus any dividends paid to shareholder...

Peer comparison

High-growth tech companies often have lower retained earnings due to aggressive reinvestment; mature companies typically show higher balances.

Metric ID: retained_earnings

Historical Data

17 periods
 Q4 '21Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Value-$1.67B-$1.67B-$1.65B-$1.56B-$1.46B-$1.23B-$1.03B$713.70M$992.50M$1.35B$1.70B$1.97B$2.23B$2.48B$2.82B$3.25B$3.07B
QoQ Change-0.0%+1.2%+5.1%+6.9%+15.6%+15.8%+169.1%+39.1%+36.0%+26.0%+15.7%+13.3%+11.4%+13.4%+15.3%-5.4%
YoY Change-0.0%+26.4%+37.3%+145.7%+168.2%+210.0%+264.6%+175.8%+124.7%+84.0%+65.7%+65.1%+37.8%
Range-$1.67B$3.25B
CAGR+16.5%
Avg YoY Growth+108.1%
Median YoY Growth+84.0%

Frequently Asked Questions

What is Palo Alto Networks, Inc.'s retained earnings?
Palo Alto Networks, Inc. (PANW) reported retained earnings of $3.07B in Q1 2026.
How has Palo Alto Networks, Inc.'s retained earnings changed year-over-year?
Palo Alto Networks, Inc.'s retained earnings increased by 37.8% year-over-year, from $2.23B to $3.07B.
What is the long-term trend for Palo Alto Networks, Inc.'s retained earnings?
Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s retained earnings has grown at a 10.5% compound annual growth rate (CAGR), from -$1.67B to $2.48B.
What does retained earnings mean?
The portion of total profits kept in the business rather than paid out as dividends.