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+65.3% | $115M+13.9% | $89M+18.7% | $136.2M+30.1% | $101M+29.7% | |
| Subscription and support | $807M+55.8% | $570M+14.5% | $549M+14.6% | $543.4M+15.9% | $518M+18.9% | |
| Revenue: by Product | ||||||
| Subscription | $1.63B+32.3% | $1.4B+13.9% | $1.36B+14.4% | $1.32B+16.7% | $1.23B+18.0% | |
| Support | $776M+28.9% | $676M+12.1% | $676M+14.0% | $647.2M+11.3% | $602M+9.8% | |
| Total intangible assets amortization by Product | ||||||
| Product | $37M— | —— | —— | —— | $0— | |
| Subscription and support | $146M+403% | —— | —— | —— | $29M— | |
| Total share-based compensation by Product | ||||||
| Product | $2M+100% | $1M-50.0% | $1M0.0% | $1.1M+10.0% | $1M-37.5% | |
| Subscription and support | $50M+56.3% | $32M0.0% | $32M+3.2% | $32M+7.7% | $32M+6.7% | |
| Revenue: by Geography | ||||||
| Asia Pacific and Japan (“APAC”) | $351M+25.8% | $322M+17.1% | $312M+22.4% | $290M+13.3% | $279M+23.5% | |
| Europe, the Middle East, and Africa (“EMEA”) | $633M+31.9% | $560M+16.7% | $521M+17.9% | $515.4M+19.6% | $480M+20.2% | |
| Other Americas | $164M+56.2% | $124M+21.6% | $115M+17.3% | $113.9M+23.7% | $105M+18.6% | |
| United States | $1.85B+30.1% | $1.59B+13.4% | $1.53B+13.5% | $1.62B+14.7% | $1.43B+12.1% |
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.
