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 operating margin
Operating margin is operating income as a percentage of revenue.
Palo Alto Networks's operating margin for the twelve months ending Jul 31, 2026 was 6.1%. For fiscal 2026 it was 6.1%, against 13.5% the year before. The highest annual figure on record is 13.5% in fiscal 2025.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Jul 31, 2026 | 6.1% | −7.4 |
| FY2025 | Jul 31, 2025 | 13.5% | +5.0 |
| FY2024 | Jul 31, 2024 | 8.5% | +2.9 |
| FY2023 | Jul 31, 2023 | 5.6% | +9.1 |
| FY2022 | Jul 31, 2022 | -3.4% | +3.7 |
| FY2021 | Jul 31, 2021 | -7.1% | −1.9 |
| FY2020 | Jul 31, 2020 | -5.3% | −3.4 |
| FY2019 | Jul 31, 2019 | -1.9% | +2.7 |
| FY2018 | Jul 31, 2018 | -4.6% | +4.9 |
| FY2017 | Jul 31, 2017 | -9.4% | +2.0 |
| FY2016 | Jul 31, 2016 | -11.4% | −0.7 |
| FY2015 | Jul 31, 2015 | -10.8% | +25.2 |
| FY2014 | Jul 31, 2014 | -36.0% | −31.3 |
| FY2013 | Jul 31, 2013 | -4.7% | −6.2 |
| FY2012 | Jul 31, 2012 | 1.5% | +10.3 |
| FY2011 | Jul 31, 2011 | -8.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q4 FY2026CQ2 2026 | Jul 31, 2026 | 5.0% | −14.6 |
| Q3 FY2026CQ1 2026 | Apr 30, 2026 | -6.1% | −15.7 |
| Q2 FY2026CQ4 2025 | Jan 31, 2026 | 15.3% | +4.6 |
| Q1 FY2026CQ3 2025 | Oct 31, 2025 | 12.5% | −0.9 |
| Q4 FY2025CQ2 2025 | Jul 31, 2025 | 19.6% | +8.7 |
| Q3 FY2025CQ1 2025 | Apr 30, 2025 | 9.6% | +0.7 |
| Q2 FY2025CQ4 2024 | Jan 31, 2025 | 10.7% | +8.0 |
| Q1 FY2025CQ3 2024 | Oct 31, 2024 | 13.4% | +1.9 |
| Q4 FY2024CQ2 2024 | Jul 31, 2024 | 10.9% | −2.1 |
| Q3 FY2024CQ1 2024 | Apr 30, 2024 | 8.9% | +4.3 |
| Q2 FY2024CQ4 2023 | Jan 31, 2024 | 2.7% | +0.3 |
| Q1 FY2024CQ3 2023 | Oct 31, 2023 | 11.5% | +10.5 |
| Q4 FY2023CQ2 2023 | Jul 31, 2023 | 13.0% | +12.0 |
| Q3 FY2023CQ1 2023 | Apr 30, 2023 | 4.6% | +8.0 |
| Q2 FY2023CQ4 2022 | Jan 31, 2023 | 2.4% | +8.0 |
| Q1 FY2023CQ3 2022 | Oct 31, 2022 | 1.0% | +7.6 |
| Q4 FY2022CQ2 2022 | Jul 31, 2022 | 1.0% | +5.9 |
| Q3 FY2022CQ1 2022 | Apr 30, 2022 | -3.4% | +6.8 |
| Q2 FY2022CQ4 2021 | Jan 31, 2022 | -5.6% | +3.1 |
| Q1 FY2022CQ3 2021 | Oct 31, 2021 | -6.6% | −1.9 |
| Q4 FY2021CQ2 2021 | Jul 31, 2021 | -5.0% | −3.1 |
| Q3 FY2021CQ1 2021 | Apr 30, 2021 | -10.3% | −3.8 |
| Q2 FY2021CQ4 2020 | Jan 31, 2021 | -8.7% | −2.3 |
| Q1 FY2021CQ3 2020 | Oct 31, 2020 | -4.7% | +2.0 |
| Q4 FY2020CQ2 2020 | Jul 31, 2020 | -1.9% | −0.6 |
| Q3 FY2020CQ1 2020 | Apr 30, 2020 | -6.5% | −3.9 |
| Q2 FY2020CQ4 2019 | Jan 31, 2020 | -6.5% | −7.4 |
| Q1 FY2020CQ3 2019 | Oct 31, 2019 | -6.7% | −1.8 |
| Q4 FY2019CQ2 2019 | Jul 31, 2019 | -1.2% | −3.8 |
| Q3 FY2019CQ1 2019 | Apr 30, 2019 | -2.6% | +5.4 |
| Q2 FY2019CQ4 2018 | Jan 31, 2019 | 0.9% | +5.1 |
| Q1 FY2019CQ3 2018 | Oct 31, 2018 | -4.9% | +5.8 |
| Q4 FY2018CQ2 2018 | Jul 31, 2018 | 2.6% | +8.0 |
| Q3 FY2018CQ1 2018 | Apr 30, 2018 | -8.0% | +3.4 |
| Q2 FY2018CQ4 2017 | Jan 31, 2018 | -4.1% | +8.7 |
| Q1 FY2018CQ3 2017 | Oct 31, 2017 | -10.7% | +1.6 |
| Q4 FY2017CQ2 2017 | Jul 31, 2017 | -5.4% | – |
| Q3 FY2017CQ1 2017 | Apr 30, 2017 | -11.4% | – |
| Q2 FY2017CQ4 2016 | Jan 31, 2017 | -12.9% | – |
| Q1 FY2017CQ3 2016 | Oct 31, 2016 | -12.3% | – |
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