Stocks Technology PANW
NASDAQ · TechnologyPalo Alto Networks Inc (PANW)
Palo Alto Networks Inc reported revenue of $11.5B in fiscal 2026, up 24.5% from a year earlier. Net income was $307M, a net margin of 2.7%. Operating cash flow minus capital spending left $4.1B of free cash flow in fiscal 2026. At July 31, 2026 it held $2.5B in cash. Its latest periodic report to the SEC is the annual report (10-K) filed on September 10, 2026.
Key facts about Palo Alto Networks Inc
- Net worth
- Palo Alto Networks Inc has a market value (market cap) of $324.4B at the latest share price, and shareholders' equity of $27.5B on its balance sheet at July 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $11.5B (+24.5% year on year), with net income of $307M.
- Cash flow
- In fiscal 2026 operations brought in $4.6B of cash; after $440M of capital spending, free cash flow was $4.1B.
- Latest report
- The latest periodic report (annual report, 10-K) was filed with the SEC on September 10, 2026 and covers the period to July 31, 2026. Open on SEC EDGAR
- Next earnings report
- Palo Alto Networks Inc's next report is expected around November 18, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Palo Alto Networks Inc does
Palo Alto Networks provides cybersecurity products and services. The company sells enterprise network firewalls, cloud security platforms, and automated threat detection systems to businesses and government agencies to protect IT infrastructure. Its shares trade on NASDAQ under the ticker PANW.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $11.5B | $307M | $0.40 | $4.1B |
| 2025 | $9.2B | $1.1B | $1.60 | $3.5B |
| 2024 | $8B | $2.6B | $3.64 | $3.1B |
| 2023 | $6.9B | $439.7M | $0.64 | $2.6B |
| 2022 | $5.5B | -$267M | -$0.45 | $1.8B |
| 2021 | $4.3B | -$498.9M | -$0.87 | $1.4B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where PANW ranks in Technology
Latest SEC filings
What Palo Alto Networks Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 10, 2026
- September 10, 2026Annual report 10-K · period to July 31, 2026Revenue rose 24% to $11.5B versus the prior year; diluted EPS $0.40 versus $1.60.
- September 1, 2026
- August 21, 2026
- June 3, 2026Quarterly report 10-Q · period to April 30, 2026Revenue rose 31% to $3B versus the same quarter last year; diluted EPS -$0.22 versus $0.37.
- June 2, 2026
- May 27, 2026
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- April 13, 2026
- March 27, 2026Passive stake changed SCHEDULE 13G/A
What is PANW worth? A DCF from its reported cash flow
Insider trades
What the people running Palo Alto Networks Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $20.8M worth of shares in the last 90 days and bought none on the open market. Most of the selling (56%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 9, 2026 | Bawa AparnaDirector | Soldindirect | 170 | $69.7K |
| October 9, 2026 | Bawa AparnaDirector | Soldindirect | 80 | $33.4K |
| October 8, 2026 | Klarich LeeEVP Chief Product & Tech Ofcr, Director | Gave as a giftindirect | 60,000 | - |
| October 1, 2026 | Paul Josh D.Chief Accounting Officer | Shares withheld for tax | 1,308 | $519.7K |
| October 1, 2026 | Paul Josh D.Chief Accounting Officer | Soldpre-planned (10b5-1) | 400 | $158.3K |
| September 30, 2026 | Klarich LeeEVP Chief Product & Tech Ofcr, Director | Gave as a giftindirect | 25,000 | - |
| September 24, 2026 | Bawa AparnaDirector | Soldindirect | 260 | $102.1K |
| September 24, 2026 | Golechha DipakEVP, Chief Financial Officer | Soldpre-planned (10b5-1) | 900 | $349.8K |
Who owns PANW
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.44% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,903 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 75,753,509 | +3,322,076 |
| Vanguard Capital Management LLC | 53,129,128 | +363,472 |
| State Street Corp | 36,979,497 | +1,493,179 |
| Morgan Stanley | 29,450,112 | -2,868,846 |
| Invesco Ltd. | 25,647,946 | +1,719,523 |
| Bank of America Corp | 22,681,876 | +205,123 |
| Jpmorgan Chase & Co | 21,715,578 | +8,246,242 |
| Fmr LLC | 20,054,462 | +11,949,672 |
| Geode Capital Management, LLC | 19,615,573 | +292,058 |
| Vanguard Portfolio Management LLC | 19,347,649 | -253,813 |
| Norges Bank | 9,750,674 | new |
| Nuveen, LLC | 9,013,366 | +1,018,443 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 8,778,963 | +706,003 |
| Northern Trust Corp | 8,757,797 | +77,312 |
| PeakShares LLC | 8,051 | +549 |
| Goldman Sachs Group Inc | 7,933,568 | +1,698,777 |
| Royal Bank of Canada | 6,959,433 | -597,055 |
| UBS Group AG | 6,758,096 | -1,497,256 |
| Ameriprise Financial Inc | 6,563,374 | +62,423 |
| Charles Schwab Investment Management Inc | 6,382,853 | +434,745 |
Insiders
13 insiders reported holding 1,642,242 shares in total, about $653.6M at the last price.
| Holder | Shares |
|---|---|
| Klarich LeeEVP Chief Product & Tech Ofcr, Director | 791,053555,070 held indirectly |
| Arora NikeshChief Executive Officer, Director | 343,394 |
| Jenkins William D JrPresident | 148,217 |
| Golechha DipakEVP, Chief Financial Officer | 117,750 |
| Paul Josh D.Chief Accounting Officer | 77,987 |
| McCarthy Mary PatDirector | 55,023 |
| Twohill LorraineDirector | 44,481 |
| Eschenbach Carl M.Director | 22,123 |
| Donovan JohnDirector | 14,188 |
| Key John P.Director | 10,000 |
Questions about PANW
What does Palo Alto Networks Inc do?
Palo Alto Networks provides cybersecurity products and services. The company sells enterprise network firewalls, cloud security platforms, and automated threat detection systems to businesses and government agencies to protect IT infrastructure. Its shares trade on NASDAQ under the ticker PANW.
What is Palo Alto Networks Inc's net worth?
Palo Alto Networks Inc has a market value (market cap) of $324.4B at the latest share price, and shareholders' equity of $27.5B on its balance sheet at July 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Palo Alto Networks Inc profitable?
Yes. In fiscal 2026 it reported net income of $307M on revenue of $11.5B, a net margin of 2.7%.
How much revenue does Palo Alto Networks Inc make?
In fiscal 2026 Palo Alto Networks Inc reported revenue of $11.5B. That is 24.5% more than a year earlier.
When did Palo Alto Networks Inc last report?
Its most recent periodic report is the annual report (10-K) filed on September 10, 2026. It covers the period to July 31, 2026. Its newest filing of any kind is the insider trade from October 9, 2026.
When is Palo Alto Networks Inc's next earnings report?
Palo Alto Networks Inc's next report is expected around November 18, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Palo Alto Networks Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.