Income StatementBalance SheetCash FlowSegments
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Palo Alto Networks, Inc. Business Segments

Business, geographic, and product segment breakdowns

Palo Alto Networks, Inc. generates $9.9B in annual revenue across 2 key segments: Subscription ($5.3B), and Support ($2.6B). The company-wide operating margin is 14.37%. Based on the Q1 2026 filing.

Subscription (TTM)$5.3BSupport (TTM)$2.6B
Latest FilingQ1 2026
Report Date2026-02-18
Market Cap$211.33B
P/E Ratio164.86
ROE16.26%

Products & Services

Revenue:

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription$1.2B$1.2B$1.2B$1.3B$1.4B$1.4B
Support$593.0M$603.0M$601.9M$647.4M$676.0M$676.0M

Total Cost of Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and support$479.0M$498.0M$518.6M$542.8M$549.0M$570.0M
Product$75.0M$101.0M$100.7M$136.2M$89.0M$115.0M

Total share-based compensation

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Subscription and support$31.0M$32.0M$32.2M$32.1M$32.0M$32.0M
Product$1.0M$2.0M$1.2M$1.3M$1.0M$1.0M

Geographic

Revenue:

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
United States$1.3B$1.4B$1.4B$1.6B$1.5B$1.6B
Europe, the Middle East, and Africa (“EMEA”)$442.0M$480.0M$480.9M$515.1M$521.0M$560.0M
Asia Pacific and Japan (“APAC”)$255.0M$275.0M$278.9M$289.8M$312.0M$322.0M
Other Americas$98.0M$102.0M$104.8M$114.2M$115.0M$124.0M

Long-Lived Assets

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Israel———$162.1M——
United States———$418.0M——