Cybersecurity platform company spanning network, cloud, and SOC operations as cyber risk becomes a core infrastructure concern.
Profile & Fundamentals
Palo Alto Networks: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Palo Alto Networks Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Palo Alto Networks, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers Prisma Access, a secure access service edge solution; Strata Cloud Manager, a network security management solution; and Prisma AIRS to protect customers' entire AI ecosystem. It provides a comprehensive cloud native application protection platform; and Code to Cloud platform, as well as offers VM-Series and CN-Series virtual firewalls for inline network security on multi- and hybrid-cloud environments. It provides security operation solutions through the Cortex platform that includes Cortex XSIAM, an AI-driven security operations platform; Cortex XDR to prevent, detect, and respond to cybersecurity attacks; and Cortex XSOAR for security orchestration, automation, and response; and Cortex Xpanse for attack surface management, as well as offers threat intelligence and advisory services under the Unit 42 name. It provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline; and threat intelligence, data loss prevention, services to resolve network disruptions, and sensitive data protection. It offers professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. It sells its products and services through its channel partners, as well as directly to enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.
Company profile record
Palo Alto Networks Inc
Common Stock · Information Technology · Systems Software
Company
- Company / asset
- Palo Alto Networks Inc
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Systems Software
- HQ
- 🇺🇸 United States
- Head office
- 3000 Tannery Way, Santa Clara, CA, United States, 95054
Leadership & scale
- Chief executive
- Mr. Nikesh Arora C.F.A.
- CEO year born
- 1968
- Full-time employees
- 21.9K
- Fiscal year end
- July
- IPO date
- 2012-07-20
Fundamentals snapshot
- Market Cap
- USD 320.8B
- P/E
- 1045.0x
- Revenue (Q3 26)
- USD 3.4B
- Profit (Q3 26)
- USD -282.0M
- Dividend Yield
- --
- Revenue (FY 26)
- USD 11.5B
- Shares in public float
- 811.3M
- Insider ownership
- 0.76%
Reporting & identifiers
- Symbol
- PANW.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US6974351057
- Asset ID
- equity_2faa504c-f498-5d12-89e6-4da3e57868c5
Ownership
Shares Outstanding
Latest: 764.0M | Max: 764.0M | Min: 545.4M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
106.19%
811.3M latest reported shares
Insider Ownership
0.76%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 545,400,000 |
| 2018-01-01 | 562,800,000 |
| 2019-01-01 | 579,600,000 |
| 2020-01-01 | 573,000,000 |
| 2021-01-01 | 585,800,000 |
| 2022-01-01 | 676,800,000 |
| 2023-01-01 | 699,600,000 |
| 2024-01-01 | 709,000,000 |
| 2025-01-01 | 709,000,000 |
| 2026-01-01 | 764,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 72,431,433 | 8.85% | 2026-03-31 |
| Vanguard Capital Management, LLC | 52,765,656 | 6.45% | 2026-03-31 |
| State Street Corp | 35,486,318 | 4.34% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 32,318,958 | 3.95% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 25,932,402 | 3.17% | 2026-08-31 |
| Amvescap Plc. | 23,928,423 | 2.93% | 2026-03-31 |
| Bank of America Corp | 22,476,753 | 2.75% | 2026-03-31 |
| Vanguard 500 Index Investor | 21,546,256 | 2.63% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 19,601,462 | 2.4% | 2026-03-31 |
| Geode Capital Management, LLC | 19,323,515 | 2.36% | 2026-03-31 |
| Invesco QQQ Trust | 17,553,569 | 2.15% | 2026-08-31 |
| JPMorgan Chase & Co | 13,469,336 | 1.65% | 2026-03-31 |
| iShares Core S&P 500 ETF | 10,799,423 | 1.32% | 2026-08-31 |
| Fidelity 500 Index | 10,487,078 | 1.28% | 2026-07-31 |
| State Street® SPDR® S&P 500® ETF | 9,939,098 | 1.22% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Palo Alto Networks presents two very different financial faces. For fiscal 2026, revenue surged 24.5% to $11.48 billion as corporate clients embraced multi-pillar security bundles. However, reported GAAP net income collapsed 72.9% to $307 million, weighed down by the expensive takeover of CyberArk, restructuring charges, and heavy research spending. This divergence shows that headline growth was partly bought through corporate mergers rather than purely organic expansion. In contrast, cash generation tells a much stronger story. Free cash flow climbed to $4.11 billion, delivering an impressive 35.8% cash margin. Because corporate clients pay multi-year contracts upfront, the company collects substantial cash before delivering services. While cash flow provides exceptional operational stability, heavy employee stock awards and transaction expenses continue eating into true profits for outside shareholders.
Palo Alto Networks presents two very different financial faces. For fiscal 2026, revenue surged 24.5% to $11.48 billion as corporate clients embraced multi-pillar security bundles. However, reported GAAP net income collapsed 72.9% to $307 million, weighed down by the expensive takeover of CyberArk, restructuring charges, and heavy research spending. This divergence shows that headline growth was partly bought through corporate mergers rather than purely organic expansion. In contrast, cash generation tells a much stronger story. Free cash flow climbed to $4.11 billion, delivering an impressive 35.8% cash margin. Because corporate clients pay multi-year contracts upfront, the company collects substantial cash before delivering services. While cash flow provides exceptional operational stability, heavy employee stock awards and transaction expenses continue eating into true profits for outside shareholders.
Revenue, Net Income, and Free Cash Flow
Latest: USD 11.5B | Max: USD 11.5B | Min: USD -498.9M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: >100x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins exhibit sharp divergence depending on which accounting metrics are examined. Gross profit margin softened from 73.4% down to 70.4% in fiscal 2026, driven by higher cloud-computing costs required to process massive artificial intelligence security workloads. Concurrently, GAAP operating margin fell from 13.5% to 6.05% as acquisition amortization and integration expenses temporarily burdened reported results. Despite depressed accounting profits, cash margins remained elite, with free cash flow margin reaching 35.8%. Management offered initial pricing discounts to encourage customers to consolidate onto its platform. As these multi-year promotional contracts mature into full-priced renewals, operating leverage should gradually improve, though ongoing stock grants and cloud hosting expenses will prevent margins from expanding effortlessly.
Profitability margins exhibit sharp divergence depending on which accounting metrics are examined. Gross profit margin softened from 73.4% down to 70.4% in fiscal 2026, driven by higher cloud-computing costs required to process massive artificial intelligence security workloads. Concurrently, GAAP operating margin fell from 13.5% to 6.05% as acquisition amortization and integration expenses temporarily burdened reported results. Despite depressed accounting profits, cash margins remained elite, with free cash flow margin reaching 35.8%. Management offered initial pricing discounts to encourage customers to consolidate onto its platform. As these multi-year promotional contracts mature into full-priced renewals, operating leverage should gradually improve, though ongoing stock grants and cloud hosting expenses will prevent margins from expanding effortlessly.
Profitability Margins
Latest: 70.4% | Max: 74.3% | Min: -12.3%
Latest Profitability Ratios as of 2026-07-31
Gross Margin
70.4%
Gross profit / revenue
Operating Margin
6.1%
Operating income / revenue
Net Margin
2.7%
Net income / revenue
FCF Margin
35.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-07-31 | 1,761,600,000 | -216,600,000 | 705,100,000 |
| 2018-07-31 | 2,273,100,000 | -147,900,000 | 925,000,000 |
| 2019-07-31 | 2,899,600,000 | -81,900,000 | 924,400,000 |
| 2020-07-31 | 3,408,400,000 | -267,000,000 | 821,300,000 |
| 2021-07-31 | 4,256,100,000 | -498,900,000 | 1,387,000,000 |
| 2022-07-31 | 5,501,500,000 | -267,000,000 | 1,791,900,000 |
| 2023-07-31 | 6,892,700,000 | 439,700,000 | 2,631,200,000 |
| 2024-07-31 | 8,027,500,000 | 2,577,600,000 | 3,100,800,000 |
| 2025-07-31 | 9,221,500,000 | 1,133,900,000 | 3,469,800,000 |
| 2026-07-31 | 11,480,000,000 | 307,000,000 | 4,113,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2026-07-31 | 825.79 | Trailing four quarters |
| 2025-07-31 | 108.52 | Trailing four quarters |
| 2024-07-31 | 89.32 | Trailing four quarters |
| 2023-07-31 | 397.71 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-07-31 | 72.95 | -9.41 | -12.3 | 40.03 |
| 2018-07-31 | 71.61 | -4.58 | -6.51 | 40.69 |
| 2019-07-31 | 72.12 | -1.87 | -2.82 | 31.88 |
| 2020-07-31 | 70.68 | -5.25 | -7.83 | 24.1 |
| 2021-07-31 | 70.05 | -7.15 | -11.72 | 32.59 |
| 2022-07-31 | 68.76 | -3.43 | -4.85 | 32.57 |
| 2023-07-31 | 72.29 | 5.62 | 6.38 | 38.17 |
| 2024-07-31 | 74.35 | 8.52 | 32.11 | 38.63 |
| 2025-07-31 | 73.41 | 13.48 | 12.3 | 37.63 |
| 2026-07-31 | 70.36 | 6.05 | 2.67 | 35.83 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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