Palo Alto Networks Inc (PANW) stock
PANWNasdaqComputer Peripheral Equipment, NECFiscal year ends July 31
Financials through Q4 FY2026, quarter ended Jul 31, 2026Last filing: 10-K on Sep 10, 2026Score 8/30499% above fair value
$322.24−0.42 (-0.13%)
Close on Nov 13, 2026Market cap $263.59BP/E –Yield –
Palo Alto Networks gross margin
Gross margin is gross profit as a percentage of revenue.
Palo Alto Networks's gross margin for the twelve months ending Jul 31, 2026 was 70.4%. For fiscal 2026 it was 70.4%, against 73.4% the year before. The highest annual figure on record is 74.3% in fiscal 2024.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Jul 31, 2026 | 70.4% | −3.1 |
| FY2025 | Jul 31, 2025 | 73.4% | −0.9 |
| FY2024 | Jul 31, 2024 | 74.3% | +2.1 |
| FY2023 | Jul 31, 2023 | 72.3% | +3.5 |
| FY2022 | Jul 31, 2022 | 68.8% | −1.3 |
| FY2021 | Jul 31, 2021 | 70.0% | −0.6 |
| FY2020 | Jul 31, 2020 | 70.7% | −1.4 |
| FY2019 | Jul 31, 2019 | 72.1% | +0.5 |
| FY2018 | Jul 31, 2018 | 71.6% | −1.2 |
| FY2017 | Jul 31, 2017 | 72.9% | −0.3 |
| FY2016 | Jul 31, 2016 | 73.2% | +0.3 |
| FY2015 | Jul 31, 2015 | 72.9% | −0.4 |
| FY2014 | Jul 31, 2014 | 73.3% | +1.0 |
| FY2013 | Jul 31, 2013 | 72.3% | −0.1 |
| FY2012 | Jul 31, 2012 | 72.3% | −0.4 |
| FY2011 | Jul 31, 2011 | 72.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q4 FY2026CQ2 2026 | Jul 31, 2026 | 67.6% | −5.7 |
| Q3 FY2026CQ1 2026 | Apr 30, 2026 | 67.6% | −5.4 |
| Q2 FY2026CQ4 2025 | Jan 31, 2026 | 73.6% | +0.1 |
| Q1 FY2026CQ3 2025 | Oct 31, 2025 | 74.2% | +0.1 |
| Q4 FY2025CQ2 2025 | Jul 31, 2025 | 73.2% | −0.6 |
| Q3 FY2025CQ1 2025 | Apr 30, 2025 | 73.0% | −1.2 |
| Q2 FY2025CQ4 2024 | Jan 31, 2025 | 73.5% | −1.3 |
| Q1 FY2025CQ3 2024 | Oct 31, 2024 | 74.1% | −0.7 |
| Q4 FY2024CQ2 2024 | Jul 31, 2024 | 73.8% | −0.3 |
| Q3 FY2024CQ1 2024 | Apr 30, 2024 | 74.1% | +1.7 |
| Q2 FY2024CQ4 2023 | Jan 31, 2024 | 74.7% | +2.9 |
| Q1 FY2024CQ3 2023 | Oct 31, 2023 | 74.8% | +4.4 |
| Q4 FY2023CQ2 2023 | Jul 31, 2023 | 74.1% | +5.8 |
| Q3 FY2023CQ1 2023 | Apr 30, 2023 | 72.4% | +4.2 |
| Q2 FY2023CQ4 2022 | Jan 31, 2023 | 71.8% | +2.6 |
| Q1 FY2023CQ3 2022 | Oct 31, 2022 | 70.5% | +1.0 |
| Q4 FY2022CQ2 2022 | Jul 31, 2022 | 68.2% | −2.3 |
| Q3 FY2022CQ1 2022 | Apr 30, 2022 | 68.2% | −1.0 |
| Q2 FY2022CQ4 2021 | Jan 31, 2022 | 69.2% | −0.5 |
| Q1 FY2022CQ3 2021 | Oct 31, 2021 | 69.5% | −1.1 |
| Q4 FY2021CQ2 2021 | Jul 31, 2021 | 70.6% | +1.1 |
| Q3 FY2021CQ1 2021 | Apr 30, 2021 | 69.2% | −1.1 |
| Q2 FY2021CQ4 2020 | Jan 31, 2021 | 69.8% | −1.7 |
| Q1 FY2021CQ3 2020 | Oct 31, 2020 | 70.6% | −1.2 |
| Q4 FY2020CQ2 2020 | Jul 31, 2020 | 69.4% | −3.6 |
| Q3 FY2020CQ1 2020 | Apr 30, 2020 | 70.3% | −1.5 |
| Q2 FY2020CQ4 2019 | Jan 31, 2020 | 71.5% | −0.1 |
| Q1 FY2020CQ3 2019 | Oct 31, 2019 | 71.8% | −0.2 |
| Q4 FY2019CQ2 2019 | Jul 31, 2019 | 73.0% | +1.0 |
| Q3 FY2019CQ1 2019 | Apr 30, 2019 | 71.8% | −0.0 |
| Q2 FY2019CQ4 2018 | Jan 31, 2019 | 71.5% | +0.7 |
| Q1 FY2019CQ3 2018 | Oct 31, 2018 | 72.0% | +0.2 |
| Q4 FY2018CQ2 2018 | Jul 31, 2018 | 72.0% | −0.8 |
| Q3 FY2018CQ1 2018 | Apr 30, 2018 | 71.8% | +0.5 |
| Q2 FY2018CQ4 2017 | Jan 31, 2018 | 70.8% | −2.4 |
| Q1 FY2018CQ3 2017 | Oct 31, 2017 | 71.8% | −2.7 |
| Q4 FY2017CQ2 2017 | Jul 31, 2017 | 72.8% | – |
| Q3 FY2017CQ1 2017 | Apr 30, 2017 | 71.4% | – |
| Q2 FY2017CQ4 2016 | Jan 31, 2017 | 73.2% | – |
| Q1 FY2017CQ3 2016 | Oct 31, 2016 | 74.6% | – |
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