Financials in USD. Standardized financial statements.
A compact view of how Palo Alto Networks, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $9.22B | $8.03B | $6.89B | $5.50B | $4.26B | $3.41B | $2.90B | $2.27B | $1.76B | $1.38B |
| Revenue Growth? | +14.9% | +16.5% | +25.3% | +29.3% | +24.9% | +17.5% | +27.6% | +29.0% | +27.8% | 0.0% |
| Cost of Revenue? | $2.45B | $2.06B | $1.91B | $1.72B | $1.27B | $999.50M | $808.40M | $645.30M | $476.60M | $370.00M |
| Gross Profit? | $6.77B | $5.97B | $4.98B | $3.78B | $2.98B | $2.41B | $2.09B | $1.63B | $1.28B | $1.01B |
| Gross Margin? | +73.4% | +74.3% | +72.3% | +68.8% | +70.0% | +70.7% | +72.1% | +71.6% | +72.9% | +73.2% |
| Operating Expenses? | $5.53B | $5.28B | $4.60B | $3.97B | $3.29B | $2.59B | $2.15B | $1.73B | $1.44B | $1.17B |
| Operating Income? | $1.24B | $683.90M | $387.30M | -$188.80M | -$304.10M | -$179.00M | -$54.10M | -$104.20M | -$165.80M | -$157.30M |
| EBITDA? | $1.94B | $1.28B | $869.00M | $95.60M | -$46.60M | $59.50M | $163.10M | $20.70M | -$95.80M | -$106.10M |
| Income Before Tax | $1.60B | $988.30M | $566.30M | -$207.20M | -$465.00M | -$231.80M | -$74.60M | -$130.20M | -$194.10M | -$205.10M |
| Income Tax Expense | $461.80M | -$1.59B | $126.60M | $59.80M | $33.90M | $35.20M | $7.30M | $17.70M | $22.50M | $20.80M |
| Net Income? | $1.13B | $2.58B | $439.70M | -$267.00M | -$498.90M | -$267.00M | -$81.90M | -$147.90M | -$216.60M | -$225.90M |
| EPS? | $1.71 | $4.04 | $0.73 | $-0.45 | $-0.86 | $-0.46 | $-0.14 | $-0.27 | $-0.40 | $-0.43 |
| Diluted EPS? | $1.60 | $3.64 | $0.64 | $-0.45 | $-0.86 | $-0.46 | $-0.14 | $-0.27 | $-0.40 | $-0.43 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality