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Palo Alto Networks, Inc. (PANW)
NASDAQ: PANW · Real-Time Price · USD
163.16
+4.60 (2.90%)
At close: Mar 5, 2026, 4:00 PM EST
161.52
-1.64 (-1.01%)
Pre-market: Mar 6, 2026, 8:03 AM EST

Palo Alto Networks Operating Metrics

Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018
Billings
10.21B 9.90B 9.83B 9.48B 9.16B 8.66B 8.20B 7.80B
Billings Growth
11.48% 14.42% 19.89% 21.55% 22.08% 29.20% 32.26% 34.48%

Revenue by Segment
Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018
Subscription
7.92B 7.67B 7.42B 7.17B 6.92B 6.67B 6.42B 6.16B
Subscription Growth
14.37% 15.02% 15.49% 16.31% 17.35% 18.77% 20.89% 22.96%
Product
1.97B 1.88B 1.80B 1.71B 1.65B 1.62B 1.60B 1.63B
Product Growth
19.91% 16.47% 12.39% 4.80% 1.20% 1.67% 1.58% 10.22%

Gross Profit by Segment
Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018
Subscription
5.80B 5.63B 5.44B 5.20B 5.04B 4.88B 4.71B 4.52B
Subscription Growth
15.04% 15.39% 15.49% 15.17% 16.99% 19.75% 23.29% 26.43%
Product
1.54B 1.46B 1.39B 1.33B 1.29B 1.27B 1.26B 1.28B
Product Growth
19.33% 14.79% 10.90% 3.46% 1.89% 4.64% 8.19% 25.44%

Operating Expense Breakdown
Period Ending Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018
Sales and Marketing
3.26B 3.20B 3.10B 3.01B 2.94B 2.85B 2.79B 2.72B
Sales and Marketing Growth
11.07% 12.12% 10.94% 10.93% 11.47% 10.22% 9.85% 10.84%
Research and Development
2.04B 2.03B 1.98B 1.98B 1.94B 1.88B 1.81B 1.73B
Research and Development Growth
5.10% 8.05% 9.66% 14.25% 14.99% 14.53% 12.81% 11.30%
General and Administrative
548.20M 524.00M 442.70M 555.70M 510.40M 658.10M 680.50M 654.80M
General and Administrative Growth
7.41% -20.38% -34.94% -15.13% -21.53% 40.53% 52.00% 48.31%
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.