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Palo Alto Networks, Inc. PANW Total Operating Expenses

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Other financials

Income statement

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Revenue$3.0B+31.1%
Gross profit$2.0B+21.4%
Operating income-$183.0M-184%
Net income-$177.0M-168%
EPS (diluted)-$0.22-159%

Balance sheet

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Cash & equivalents$2.4B-0.9%
Total debt$2.2B+206%
Total equity$27.7B+283%
Total assets$46.3B+110%

Cash flow

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Operating cash flow$871.0M+38.7%
CapEx$83.0M+22.1%
Free cash flow$788.0M+40.7%

Valuation

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Market cap$275.72B+105%
Enterprise value$275.58B+108%
P/E327.1×+219×
P/S26×+10.9×

Profitability

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Gross margin71.9%-1.6pp
Operating margin9.6%-1.5pp
Net margin7.9%-6.0pp
FCF margin35.8%+2.0pp

Returns & leverage

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Return on equity4.8%-16.3pp
Debt / equity0.1×0.0×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Palo Alto Networks, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: Palo Alto Networks, Inc.’s 10-Q, filed June 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Palo Alto Networks, Inc.'s total operating expenses?
Palo Alto Networks, Inc. (PANW) reported total operating expenses of $2.21B in Q1 2026.
How has Palo Alto Networks, Inc.'s total operating expenses changed year-over-year?
Palo Alto Networks, Inc.'s total operating expenses increased by 52.4% year-over-year, from $1.45B to $2.21B.
What is the long-term trend for Palo Alto Networks, Inc.'s total operating expenses?
Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s total operating expenses has grown at a 13.9% compound annual growth rate (CAGR), from $3.29B to $5.53B.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.