Palo Alto Networks Inc
Close on Nov 2, 2026Market cap $287.71BP/E –Yield –
Palo Alto Networks Total Billings by Year
Total Billings (Non-GAAP, Discontinued After FY2024) ($M) ($M)
Palo Alto Networks Total Billings: $10,208M in FY2024, up 11.0% from a year earlier. That is the highest of the 9 years on record here. No newer figure appears in the documents we track.
Where the FY2024 figure comes from
“Billings | $ | 10,208.1 | $ | 9,194.4 | $ | 7,471.5 • Cash Flow Provided by Operating Activities. We monitor cash flow provided by operating activities as a measure of our overall business performance. Our cash flow provided by operating activities is driven in large part by sales of our products and from up-front payments for subscription and support offerings. Monitoring cash flow provided by operating activities enables us to analyze our finan”
Source: Form 10-K FY2024 (filed 2024-09-06) ↗
Defined as Total Revenue plus Change in Total Deferred Revenue, net of acquired deferred revenue; retired as a headline KPI starting Q1 FY2025 in favor of RPO and NGS ARR.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Total Billings (Non-GAAP, Discontinued After FY2024) ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2024 | Jul 31, 2024 | 10,208 | +11.0% | Form 10-K FY2024 (filed 2024-09-06) ↗ |
| FY2023 | Jul 31, 2023 | 9,194 | +23.1% | Earnings Release (Form 8-K FY2023Q4) (filed 2023-08-18) ↗ |
| FY2022 | Jul 31, 2022 | 7,472 | +37.0% | Earnings Release (Form 8-K FY2022Q4) (filed 2022-08-22) ↗ |
| FY2021 | Jul 31, 2021 | 5,452 | +26.7% | Earnings Release (Form 8-K FY2021Q4) (filed 2021-08-23) ↗ |
| FY2020 | Jul 31, 2020 | 4,302 | +23.3% | Earnings Release (Form 8-K FY2020Q4) (filed 2020-08-24) ↗ |
| FY2019 | Jul 31, 2019 | 3,490 | +22.0% | Earnings Release (Form 8-K FY2019Q4) (filed 2019-09-04) ↗ |
| FY2018 | Jul 31, 2018 | 2,860 | +24.7% | Earnings Release (Form 8-K FY2018Q4) (filed 2018-09-06) ↗ |
| FY2017 | Jul 31, 2017 | 2,293 | +20.4% | Earnings Release (Form 8-K FY2018Q4) (filed 2018-09-06) ↗ |
| FY2016 | Jul 31, 2016 | 1,906 | – | Form 10-K FY2018 (filed 2018-09-13) ↗ |
Breakdown
What makes up total Billings
Cite this data
StockData. (2026). Palo Alto Networks Total Billings ($M), annual FY2016–FY2024 [Data set]. Compiled from Palo Alto Networks SEC filings and investor materials. https://stockdatahq.com/stocks/panw/kpis/billings-total
See every metric in the Palo Alto Networks KPI table. Data updated Oct 25, 2026.