Palo Alto Networks, Inc. PANW Business Segments
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Total Cost of Revenue by Product | ||||||
| Product | $167M+45.2% | $115M+29.2% | $89M-34.7% | $136.2M+34.9% | $101M0.0% | |
| Subscription and support | $807M+41.6% | $570M+3.8% | $549M+1.0% | $543.4M+4.9% | $518M+4.0% | |
| Revenue: by Product | ||||||
| Subscription | $1.63B+16.2% | $1.4B+2.9% | $1.36B+3.7% | $1.32B+6.6% | $1.23B+0.1% | |
| Support | $776M+14.8% | $676M0.0% | $676M+4.4% | $647.2M+7.5% | $602M-0.2% | |
| Total intangible assets amortization by Product | ||||||
| Product | $37M— | —— | —— | —— | $0— | |
| Subscription and support | $146M— | —— | —— | —— | $29M— | |
| Total share-based compensation by Product | ||||||
| Product | $2M+100% | $1M0.0% | $1M-9.1% | $1.1M+10.0% | $1M-50.0% | |
| Subscription and support | $50M+56.3% | $32M0.0% | $32M0.0% | $32M0.0% | $32M0.0% | |
| Revenue: by Geography | ||||||
| Asia Pacific and Japan (“APAC”) | $351M+9.0% | $322M+3.2% | $312M+7.6% | $290M+3.9% | $279M+1.5% | |
| Europe, the Middle East, and Africa (“EMEA”) | $633M+13.0% | $560M+7.5% | $521M+1.1% | $515.4M+7.4% | $480M0.0% | |
| Other Americas | $164M+32.3% | $124M+7.8% | $115M+1.0% | $113.9M+8.5% | $105M+2.9% | |
| United States | $1.85B+16.8% | $1.59B+4.1% | $1.53B-5.6% | $1.62B+13.5% | $1.43B+1.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Palo Alto Networks, Inc. break its business down?
- Palo Alto Networks, Inc. (PANW) reports total cost of revenue by product across 2 parts — Product and Subscription and support. Each is extracted from the segment footnotes and tracked over time.
- Where does Palo Alto Networks, Inc.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Palo Alto Networks, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
