Palo Alto Networks Inc (PANW) operating KPIs
PANWNasdaqComputer Peripheral Equipment, NECFiscal year ends July 31
Financials through Q4 FY2026, quarter ended Jul 31, 2026Last filing: 10-K on Sep 10, 2026Score 8/30576% above fair value
$365.87−14.70 (-3.86%)
Close on Oct 30, 2026Market cap $299.28BP/E –Yield –
Palo Alto Networks research & Development Expense ($M) ($M)
Quarterly figures from Palo Alto Networks's filings and investor materials
Latest, Q4 FY26
779
Period ended Jul 31, 2026
Change on a year earlier
+54.6%
504 in Q4 FY25
History
43 quarters
Since Q2 FY16
Sources
26
Documents cited below
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Research & Development Expense ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| Q4 FY26 | Jul 31, 2026 | 779 | +54.6% | Form 10-K (filed 2026-09-10) ↗ |
| Q3 FY26 | Apr 30, 2026 | 734 | +48.6% | Form 10-Q (filed 2026-06-03) ↗ |
| Q2 FY26 | Jan 31, 2026 | 511 | +1.2% | Form 10-Q (filed 2026-02-18) ↗ |
| Q1 FY26 | Oct 31, 2025 | 528 | +9.8% | Form 10-Q (filed 2025-11-20) ↗ |
| Q4 FY25 | Jul 31, 2025 | 504 | +1.7% | Form 10-K (filed 2026-09-10) ↗ |
| Q3 FY25 | Apr 30, 2025 | 494 | +8.0% | Form 10-Q (filed 2026-06-03) ↗ |
| Q2 FY25 | Jan 31, 2025 | 505 | +12.7% | Form 10-Q (filed 2026-02-18) ↗ |
| Q1 FY25 | Oct 31, 2024 | 481 | +17.5% | Form 10-Q (filed 2025-11-20) ↗ |
| Q4 FY24 | Jul 31, 2024 | 495 | +19.5% | Form 10-K (filed 2026-09-10) ↗ |
| Q3 FY24 | Apr 30, 2024 | 457 | +10.5% | Form 10-Q (filed 2025-05-21) ↗ |
| Q2 FY24 | Jan 31, 2024 | 448 | +10.8% | Form 10-Q (filed 2025-02-14) ↗ |
| Q1 FY24 | Oct 31, 2023 | 410 | +10.1% | Form 10-Q (filed 2024-11-21) ↗ |
| Q4 FY23 | Jul 31, 2023 | 414 | +13.9% | Form 10-K (filed 2025-08-29) ↗ |
| Q3 FY23 | Apr 30, 2023 | 414 | +16.4% | Form 10-Q (filed 2024-05-21) ↗ |
| Q2 FY23 | Jan 31, 2023 | 404 | +12.6% | Form 10-Q (filed 2024-02-21) ↗ |
| Q1 FY23 | Oct 31, 2022 | 372 | +9.5% | Form 10-Q (filed 2023-11-17) ↗ |
| Q4 FY22 | Jul 31, 2022 | 364 | +11.8% | Form 10-K (filed 2024-09-06) ↗ |
| Q3 FY22 | Apr 30, 2022 | 355 | +14.3% | Form 10-Q (filed 2023-05-24) ↗ |
| Q2 FY22 | Jan 31, 2022 | 359 | +34.6% | Form 10-Q (filed 2023-02-22) ↗ |
| Q1 FY22 | Oct 31, 2021 | 340 | +43.0% | Form 10-Q (filed 2022-11-18) ↗ |
| Q4 FY21 | Jul 31, 2021 | 325 | +50.7% | Form 10-K (filed 2023-09-01) ↗ |
| Q3 FY21 | Apr 30, 2021 | 311 | +58.4% | Form 10-Q (filed 2022-05-20) ↗ |
| Q2 FY21 | Jan 31, 2021 | 267 | +43.9% | Form 10-Q (filed 2022-02-23) ↗ |
| Q1 FY21 | Oct 31, 2020 | 237 | +39.2% | Form 10-Q (filed 2021-11-19) ↗ |
| Q4 FY20 | Jul 31, 2020 | 216 | +36.0% | Form 10-K (filed 2020-09-04) ↗ |
| Q3 FY20 | Apr 30, 2020 | 196 | +41.1% | Form 10-Q (filed 2021-05-21) ↗ |
| Q2 FY20 | Jan 31, 2020 | 185 | +44.5% | Form 10-Q (filed 2021-02-23) ↗ |
| Q1 FY20 | Oct 31, 2019 | 171 | +50.4% | Form 10-Q (filed 2020-11-19) ↗ |
| Q4 FY19 | Jul 31, 2019 | 159 | +43.9% | Form 10-K (filed 2020-09-04) ↗ |
| Q3 FY19 | Apr 30, 2019 | 139 | +39.7% | Form 10-K (filed 2020-09-04) ↗ |
| Q2 FY19 | Jan 31, 2019 | 128 | +32.8% | Form 10-K (filed 2020-09-04) ↗ |
| Q1 FY19 | Oct 31, 2018 | 113 | +20.4% | Form 10-K (filed 2020-09-04) ↗ |
| Q4 FY18 | Jul 31, 2018 | 110 | +26.3% | Form 10-K (filed 2019-09-09) ↗ |
| Q3 FY18 | Apr 30, 2018 | 99.6 | +15.8% | Form 10-K (filed 2019-09-09) ↗ |
| Q2 FY18 | Jan 31, 2018 | 96.6 | +7.5% | Form 10-K (filed 2019-09-09) ↗ |
| Q1 FY18 | Oct 31, 2017 | 94.2 | +11.9% | Form 10-K (filed 2019-09-09) ↗ |
| Q4 FY17 | Jul 31, 2017 | 87.3 | +14.1% | Form 10-K (filed 2018-09-13) ↗ |
| Q3 FY17 | Apr 30, 2017 | 86 | +16.2% | Form 10-K (filed 2018-09-13) ↗ |
| Q2 FY17 | Jan 31, 2017 | 89.9 | +21.5% | Form 10-K (filed 2018-09-13) ↗ |
| Q1 FY17 | Oct 31, 2016 | 84.2 | – | Form 10-K (filed 2018-09-13) ↗ |
| Q4 FY16 | Jul 31, 2016 | 76.5 | – | SEC Filing ↗ |
| Q3 FY16 | Apr 30, 2016 | 74 | – | SEC Filing ↗ |
| Q2 FY16 | Jan 31, 2016 | 74 | – | SEC Filing ↗ |
Breakdown
What makes up research & development expense ($m)
Cite this data
StockData. (2026). Palo Alto Networks Research & Development Expense ($M) ($M), quarterly Q2 FY16–Q4 FY26 [Data set]. Compiled from Palo Alto Networks SEC filings and investor materials. https://stockdatahq.com/stocks/panw/kpis/rd_exp
See every metric in the Palo Alto Networks KPI table. Data updated Oct 25, 2026.