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Palo Alto Networks PANW

US equityMarket cap rank #42Software - InfrastructureCybersecurity
$391.51
−$1.79 (-0.46%)
Market open · Sep 24, 2:00 pm ET
After hours $392.19 -0.28%
Open$392.44
Prev close$393.30
Day range$387.79 – $396.30
Volume2.49M
Market cap$320.26B
P/E (TTM)978.8
Dividend yield–

Earnings

Next reportSeptember 1, 2026
Quarter2026/Q4
TimingAfter Market
Options-implied move±33.7%
Average move on report day±7.7%last 15 reports
Closed higher7 of 1547% of the time
Best reaction+12.5%
Worst reaction-28.4%

Stock move on the day after each report

+7.7%2023/Q3-5.4%2024/Q1-28.4%2024/Q2-3.7%2024/Q3+7.2%2024/Q4+1.2%2025/Q1-0.9%2025/Q2-6.8%2025/Q3+3.1%2025/Q4-7.4%2026/Q1-6.8%2026/Q2-5.6%2026/Q3
QuarterReport dateTimingImplied moveActual moveVersus implied
2026/Q41 Sep 2026After Market±33.7%-9.28%Within range
2026/Q32 Jun 2026After Market±38.1%-5.64%Within range
2026/Q217 Feb 2026After Market±11.8%-6.82%Within range
2026/Q119 Nov 2025After Market±12.2%-7.42%Within range
2025/Q418 Aug 2025After Market±14.5%+3.06%Within range
2025/Q320 May 2025After Market±14.3%-6.80%Within range
2025/Q213 Feb 2025After Market±19.1%-0.92%Within range
2025/Q120 Nov 2024After Market±32.0%+1.22%Within range
2024/Q419 Aug 2024After Market±34.1%+7.18%Within range
2024/Q320 May 2024After Market±32.0%-3.74%Within range
2024/Q220 Feb 2024After Market±36.3%-28.44%Within range
2024/Q115 Nov 2023After Market±22.0%-5.42%Within range
2023/Q323 May 2023After Market±13.5%+7.68%Within range
2023/Q221 Feb 2023After Market±12.7%+12.50%Within range
2023/Q117 Nov 2022After Market±14.4%+6.98%Within range
2022/Q422 Aug 2022After Market±44.0%+12.10%Within range

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Where the revenue comes from

Quarter 2026/Q3

By business line

  • Subscription$1.63B 54.4%
  • Support$776.00M 25.8%
  • Product$594.00M 19.8%

Latest reported quarter: Q4, ended Jul 2026

Revenue$3.41B+34.5% YoY
Operating profit$172.00M-65.4% YoY
Net profit-$282.00M-211.0% YoY
Diluted EPS-$0.35-197.2% YoY
Free cash flow$1.25B+34.3% YoY
Operating cash flow$1.36B

Revenue, last 8 quarters

$2.1BOct '24$2.3BJan '25$2.3BApr '25$2.5BJul '25$2.5BOct '25$2.6BJan '26$3.0BApr '26$3.4BJul '26

Net profit, last 8 quarters

$351.0MOct '24$267.0MJan '25$262.0MApr '25$254.0MJul '25$334.0MOct '25$432.0MJan '26$-177.0MApr '26$-282.0MJul '26

Profitability & balance sheet

Gross margin70.4%
Operating margin6.1%
Net margin2.7%
Return on equity1.7%
Return on assets0.9%
Return on invested capital0.4%
Current ratio0.87
Liabilities / assets43.3%
Cash & investments$3.07B
Total debt$2.50B
Net cash (debt)$571.00M
Free cash flow / sales35.8%
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