Palo Alto Networks, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 4.26B | 5.50B | 6.89B | 8.03B | 9.22B | 14.9% | |
| Cost of Revenue | (1.27B) | (1.72B) | (1.91B) | (2.06B) | (2.45B) | 19.1% | |
Gross Profit | 2.98B | 3.78B | 4.98B | 5.97B | 6.77B | 13.4% | |
| Operating Expenses | |||||||
| Research & Development | (1.14B) | (1.42B) | (1.60B) | (1.81B) | (1.98B) | 9.7% | |
| Selling, General & Administrative | (2.14B) | (2.55B) | (2.99B) | (3.48B) | (3.54B) | 2.0% | |
| General & Administrative | (391.10M) | (405.00M) | (447.70M) | (680.50M) | (442.70M) | -34.9% | |
| Selling & Marketing | (1.75B) | (2.15B) | (2.54B) | (2.79B) | (3.10B) | 10.9% | |
| Depreciation & Amortization | (260.40M) | (282.60M) | (282.20M) | (283.30M) | (343.40M) | 21.2% | |
Operating Income (EBIT) | -304.10M | -188.80M | 387.30M | 683.90M | 1.24B | 81.7% | |
| Non-Operating Items | |||||||
| Interest Income | 8.50M | 15.60M | 224.40M | 317.90M | 363.50M | 14.3% | |
| Interest Expense | (163.30M) | (27.40M) | (27.20M) | (8.30M) | (3.00M) | -63.9% | |
| Other Income/Expenses (Net) | -160.90M | -18.40M | 179.00M | 304.40M | 352.80M | 15.9% | |
Income Before Tax | -465.00M | -207.20M | 566.30M | 988.30M | 1.60B | 61.5% | |
| Income Tax Expense | (33.90M) | (59.80M) | (126.60M) | (1.59B) | (461.80M) | -129.1% | |
Net Income | -498.90M | -267.00M | 439.70M | 2.58B | 1.13B | -56.0% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $-1 | $-0 | $1 | $4 | $2 | -57.7% | |
| Weighted Avg Shares Outstanding | 578.40M | 591.00M | 606.40M | 638.40M | 662.50M | 3.8% | |
| Weighted Avg Shares Outstanding (Diluted) | 578.40M | 591.00M | 684.60M | 708.00M | 709.30M | 0.2% | |
EBITDA | -46.60M | 95.60M | 869.00M | 1.28B | 1.94B | 52.1% |
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Large Cap