Operating
Stock-Based Comp
Palo Alto Networks, Inc. Stock-Based Comp decreased by 18.6% to $301.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 5.9%, from $320.00M to $301.00M. Over 4 years (FY 2021 to FY 2025), Stock-Based Comp shows an upward trend with a 9.7% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
Increasing levels may indicate a focus on talent retention but can also signal potential shareholder dilution.
Detailed definition
This represents the value of equity-based awards granted to employees as part of their total compensation package. Since...
Peer comparison
Standard across large-cap corporations; varies based on corporate compensation philosophy.
Metric ID:
stock_based_compensationHistorical Data
20 periods
| Q1 '21 | 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 | $233.10M | $230.00M | $259.10M | $265.10M | $247.30M | $239.60M | $266.00M | $283.30M | $271.00M | $254.20M | $271.00M | $272.00M | $263.50M | $268.90M | $295.00M | $320.00M | $325.70M | $354.40M | $370.00M | $301.00M |
| QoQ Change | — | -1.3% | +12.7% | +2.3% | -6.7% | -3.1% | +11.0% | +6.5% | -4.3% | -6.2% | +6.6% | +0.4% | -3.1% | +2.0% | +9.7% | +8.5% | +1.8% | +8.8% | +4.4% | -18.6% |
| YoY Change | — | — | — | — | +6.1% | +4.2% | +2.7% | +6.9% | +9.6% | +6.1% | +1.9% | -4.0% | -2.8% | +5.8% | +8.9% | +17.6% | +23.6% | +31.8% | +25.4% | -5.9% |
Range$230.00M – $370.00M
CAGR+5.5%
Avg YoY Growth+8.6%
Median YoY Growth+6.1%
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Subscription and support | $30.00M | $29.70M | $31.00M | $32.00M | $32.20M | $32.10M | $32.00M | $32.00M |
| Product | $1.60M | $1.00M | $1.00M | $2.00M | $1.20M | $1.30M | $1.00M | $1.00M |
| Total | $263.50M | $268.90M | $295.00M | $320.00M | $325.70M | $354.40M | $370.00M | $301.00M |
Stock-Based Comp at Other Companies
Frequently Asked Questions
- What is Palo Alto Networks, Inc.'s stock-based comp?
- Palo Alto Networks, Inc. (PANW) reported stock-based comp of $301.00M in Q4 2025.
- How has Palo Alto Networks, Inc.'s stock-based comp changed year-over-year?
- Palo Alto Networks, Inc.'s stock-based comp decreased by 5.9% year-over-year, from $320.00M to $301.00M.
- What is the long-term trend for Palo Alto Networks, Inc.'s stock-based comp?
- Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s stock-based comp has grown at a 9.7% compound annual growth rate (CAGR), from $894.50M to $1.30B.
- What does stock-based comp mean?
- The non-cash cost of paying employees with company stock instead of cash.