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    Palo Alto Networks Inc (PANW)

    Financials

    Updated May 21, 2025, 10:34 AM UTC
    Income Statement - MetricQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Product Revenue (USD, millions)341.1390.70391.00480.501,603.3421.5353.80452.7
    Subscription and Support Revenue (USD, millions)1,537.01,584.401,593.801,709.006,424.21,835.91,785.001,836.3
    Total Revenue (USD, millions)1,878.11,975.101,984.802,189.502,257.42,138.802,289.0
    Product Cost of Revenue (USD, millions)77.488.2077.90104.70348.2101.375.00100.7
    Subscription and Support Cost of Revenue (USD, millions)395.4410.90435.70469.001,711.0497.9479.10518.6
    Total Cost of Revenue (USD, millions)472.8499.10513.60573.702,059.2599.2554.10619.3
    Total Gross Profit (USD, millions)1,405.31,476.001,471.201,615.805,968.31,658.21,584.701,669.7
    Research and Development Expenses (USD, millions)409.5447.90457.20494.801,809.4505.7480.40494.5
    Sales and Marketing Expenses (USD, millions)660.5673.00718.70742.302,794.5758.3720.10792.5
    General and Administrative Expenses (USD, millions)120.1301.50118.60140.30680.5153.897.70163.9
    Total Operating Expenses (USD, millions)1,190.11,422.401,294.501,377.405,284.41,417.81,298.201,450.9
    Operating Income (USD, millions)215.253.60176.70238.40683.9240.4286.50218.8
    Interest Expense (USD, millions)(2.9)(2.80)(2.30)(8.3)(0.9)(1.20)(0.7)
    Other Income, Net (USD, millions)70.384.7076.8080.90312.785.383.3092.4
    Income Before Income Taxes (USD, millions)282.6135.50251.20319.00988.3324.8368.60310.5
    Provision for (Benefit from) Income Taxes (USD, millions)88.4(27.60)(38.70)(1,589.3)57.517.9048.4
    Net Income (USD, millions)194.2278.80357.702,577.6267.3350.70262.1
    Balance Sheet - MetricQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Cash and cash equivalents (USD, millions)--1,373.71,535.21,535.22,282.82,226.32,383.4
    Short-term investments (USD, millions)--1,516.71,043.61,043.61,108.21,006.6916.8
    Accounts receivable, net (USD, millions)--1,715.42,618.62,618.61,132.91,495.51,950.0
    Short-term financing receivables, net (USD, millions)--572.3725.9725.9805.1754.9737.3
    Short-term deferred contract costs (USD, millions)--337.0369.0369.0367.6376.1387.1
    Prepaid expenses and other current assets (USD, millions)--403.7557.4557.4546.1480.4524.4
    Total current assets (USD, millions)--5,918.86,849.76,849.76,242.76,339.86,899.0
    Property and equipment, net (USD, millions)--350.3361.1361.1361.0358.2367.0
    Operating lease right-of-use assets (USD, millions)--369.7385.9385.9389.0372.9357.3
    Long-term investments (USD, millions)--3,504.44,173.24,173.24,119.74,559.85,152.3
    Long-term financing receivables, net (USD, millions)--882.51,182.11,182.11,092.21,163.81,068.9
    Long-term deferred contract costs (USD, millions)--511.2562.0562.0531.9523.4528.2
    Goodwill (USD, millions)--3,372.73,350.13,350.14,050.84,050.84,050.8
    Intangible assets, net (USD, millions)--407.9374.9374.9809.6771.4730.2
    Deferred tax assets (USD, millions)--2,291.92,399.02,399.02,397.52,446.92,452.2
    Other assets (USD, millions)--321.4352.9352.9380.2364.7396.9
    Total assets (USD, millions)--17,930.819,990.919,990.920,374.620,951.722,002.8
    Accounts payable (USD, millions)--108.9116.3116.3211.6149.3234.8
    Accrued compensation (USD, millions)--385.9554.7554.7354.5491.6506.2
    Accrued and other liabilities (USD, millions)--412.6506.7506.7683.1777.6824.6
    Deferred revenue (USD, millions)--5,014.95,541.15,541.15,507.75,599.95,756.8
    Convertible senior notes, net (USD, millions)--1,162.5963.9963.9645.8533.8383.2
    Total current liabilities (USD, millions)--7,084.87,682.77,682.77,402.77,552.27,705.6
    Long-term deferred revenue (USD, millions)--5,152.75,939.45,939.45,585.95,662.55,816.8
    Deferred tax liabilities (USD, millions)--503.0387.7387.7250.8116.126.2
    Long-term operating lease liabilities (USD, millions)--369.8380.5380.5379.6363.0345.7
    Other long-term liabilities (USD, millions)--352.7430.9430.9843.8882.6878.0
    Total liabilities (USD, millions)--13,463.014,821.214,821.214,462.814,576.414,772.3
    Preferred stock (USD, millions)--------
    Common stock and additional paid-in capital (USD, millions)--3,530.73,821.13,821.14,214.94,421.04,952.2
    Accumulated other comprehensive loss (USD, millions)--(55.4)(1.6)(1.6)(4.0)(13.9)48.0
    Retained earnings (USD, millions)--992.51,350.21,350.21,700.91,968.22,230.3
    Total stockholders’ equity (USD, millions)--4,467.85,169.75,169.75,911.86,375.37,230.5
    Total liabilities and stockholders’ equity (USD, millions)--17,930.819,990.919,990.920,374.620,951.722,002.8
    Cash Flow - MetricQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Net Income (USD, millions)194.2278.80357.702,577.6350.7267.30262.10
    Share-based Compensation for Equity-based Awards (USD, millions)271.0272.00263.50268.901,075.4294.3320.50325.90
    Depreciation and Amortization (USD, millions)64.368.6074.3076.10283.383.987.6088.10
    Amortization of Deferred Contract Costs (USD, millions)105.5108.90110.30121.30446.0110.4114.60119.10
    Amortization of Debt Issuance Costs (USD, millions)1.01.100.800.603.50.50.300.20
    Change in Fair Value of Contingent Consideration Liability (USD, millions)-----9.704.30
    Reduction of Operating Lease Right-of-Use Assets (USD, millions)12.413.7014.6014.6055.316.016.0016.10
    Amortization of Investment Premiums, Net of Accretion of Purchase Discounts (USD, millions)(14.7)(16.20)(15.60)(13.60)(60.1)(15.0)(10.80)(9.40)
    Net Cash Provided by Operating Activities (USD, millions)690.00528.90512.703,257.61,509.6556.90628.70
    Purchases of Investments (USD, millions)(854.7)(1,156.70)(475.10)(1,064.80)(3,551.3)(660.0)(1,072.10)(1,089.10)
    Proceeds from Sales of Investments (USD, millions)304.6126.6069.60455.40956.2291.3353.60185.00
    Proceeds from Maturities of Investments (USD, millions)457.9350.40556.00488.301,852.6369.0384.70454.80
    Business Acquisitions, Net of Cash and Restricted Cash Acquired (USD, millions)--0.000.00(610.6)(500.0)0.500.00
    Purchases of Property, Equipment, and Other Assets (USD, millions)(36.8)(35.20)(37.40)(47.40)(156.8)(44.1)(47.50)(68.30)
    Net Cash Used in Investing Activities (USD, millions)(129.0)(1,325.50)113.10(168.50)(1,509.9)(543.8)(380.80)(517.60)
    Repayments of Convertible Senior Notes (USD, millions)(46.0)(126.30)(661.80)(199.60)(1,033.7)(319.0)(112.40)(150.90)
    Repurchases of Common Stock (USD, millions)(66.7)0.00(500.00)0.00(566.7)---
    Proceeds from Sales of Shares Through Employee Equity Incentive Plans (USD, millions)86.457.50115.8024.20283.9120.736.60203.30
    Payments for Taxes Related to Net Share Settlement of Equity Awards (USD, millions)(15.5)(3.80)(3.40)(3.90)(26.6)(21.4)(156.40)(5.30)
    Net Cash Used in Financing Activities (USD, millions)(41.8)(72.60)(1,049.40)(179.30)(1,343.1)(219.7)(232.20)47.10
    Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (USD, millions)1,355.2(708.10)(407.40)164.90404.6746.1(56.10)158.20
    Deferred Income Taxes (USD, millions)-(1,691.3)(1,818.3)(2,033.7)(2,033.7)(316.8)(441.5)
    Cash, Cash Equivalents, and Restricted Cash - Beginning of Period (USD, millions)1,142.21,142.21,142.21,142.21,142.21,546.81,546.81,546.8
    Cash, Cash Equivalents, and Restricted Cash - End of Period (USD, millions)2,497.41,789.31,381.91,546.81,546.82,292.92,236.82,395.0
    Revenue by Segment - in Millions of USDQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Product341.1390.7391.0480.51,603.3353.8421.5452.7
    Subscription and Support1,537.01,584.41,593.81,7096,424.21,785.01,835.91,836.3
    Services--------
    - Subscription988.31,027.11,045.61,127.54,188.51,191.81,233.21,234.4
    - Support548.7557.3548.2581.52,235.7593.2602.7601.9
    - Support and Maintenance--------
    Total Revenue1,878.11,975.11,984.82,189.58,027.52,138.82,257.42,289.0
    Revenue by Geography - in Millions of USDQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Americas1,286.61,334.21,359.61,502.55,482.91,442.11,502.41,529.2
    - United States1,204.31,248.21,271.11,410.45,134.01,344.11,400.51,424.4
    - Other Americas82.386.088.592.1348.998.0101.9104.8
    EMEA364.9406.8399.2431.11,602.0441.4480.0480.9
    APAC226.6234.1226.0255.9942.6255.3275.0278.9
    Total Revenue1,878.11,975.11,984.82,189.58,027.52,138.82,257.42,289.0
    KPIs - Metric (Unit, Scale)Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025Q2 2025Q3 2025
    Next-Generation Security Annualized Recurring Revenue (USD billions)-----4.5--