Palo Alto Networks Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jul 31, 2026 · FY), Palo Alto Networks Inc. reported revenue of $11.5B (+24.5% year on year) and net income of $307.0M (-72.9% year on year).
| Line item | Jul 31, 2026 · FY | Jul 31, 2025 · FY | Jul 31, 2024 · FY | Jul 31, 2023 · FY |
|---|---|---|---|---|
| Revenue | $11.5B | $9.2B | $8.0B | $6.9B |
| Cost of revenue | $3.4B | $2.5B | $2.1B | $1.9B |
| Total gross profit | $8.1B | $6.8B | $6.0B | $5.0B |
| Research and development | $2.6B | $2.0B | $1.8B | $1.6B |
| Sales and marketing | $3.9B | $3.1B | $2.8B | $2.5B |
| General and administrative | $899.0M | $442.7M | $680.5M | $447.7M |
| Total operating expenses | $7.4B | $5.5B | $5.3B | $4.6B |
| Operating income | $695.0M | $1.2B | $683.9M | $387.3M |
| Other income (expense), net | ($159.0M) | $355.8M | $312.7M | $206.2M |
| Income before income taxes | $536.0M | $1.6B | $988.3M | $566.3M |
| Provision for (benefit from) income taxes | $229.0M | $461.8M | ($1.6B) | $126.6M |
| Net income | $307.0M | $1.1B | $2.6B | $439.7M |
| Net income per share, basic (in usd per share) | $0.41 | $1.71 | $8.07 | $1.45 |
| Net income per share, diluted (in usd per share) | $0.40 | $1.60 | $7.28 | $1.28 |
| Weighted-average shares used to compute net income per share, basic (in shares) | $749000000.00 | $662500000.00 | $319200000.00 | $303200000.00 |
| Weighted-average shares used to compute net income per share, diluted (in shares) | $764000000.00 | $709300000.00 | $354000000.00 | $342300000.00 |
| Line item | Apr 30, 2026 · Q3 | Jan 31, 2026 · Q2 | Oct 31, 2025 · Q1 | Apr 30, 2025 · Q3 |
|---|---|---|---|---|
| Total revenue | $3.0B | $2.6B | $2.5B | $2.3B |
| Total cost of revenue | $974.0M | $685.0M | $638.0M | $619.3M |
| Total gross profit | $2.0B | $1.9B | $1.8B | $1.7B |
| Research and development | $734.0M | $511.0M | $528.0M | $494.5M |
| Sales and marketing | $1.2B | $823.0M | $820.0M | $792.5M |
| General and administrative | $316.0M | $178.0M | $179.0M | $163.9M |
| Total operating expenses | $2.2B | $1.5B | $1.5B | $1.5B |
| Operating income (loss) | ($183.0M) | $397.0M | $309.0M | $218.8M |
| Interest expense | $0 | $0 | $0 | ($700.0K) |
| Other income, net | $27.0M | $152.0M | $103.0M | $92.4M |
| Income (loss) before income taxes | ($156.0M) | $549.0M | $412.0M | $310.5M |
| Provision for income taxes | $21.0M | $117.0M | $78.0M | $48.4M |
| Net income (loss) | ($177.0M) | $432.0M | $334.0M | $262.1M |
| Net income (loss) per share, basic (in usd per share) | -$0.22 | $0.61 | $0.49 | $0.39 |
| Net income (loss) per share, diluted (in usd per share) | -$0.22 | $0.61 | $0.47 | $0.37 |
| Weighted-average shares used to compute net income (loss) per share, basic (in shares) | $801000000.00 | $704000000.00 | $679000000.00 | $665100000.00 |
| Weighted-average shares used to compute net income (loss) per share, diluted (in shares) | $801000000.00 | $711000000.00 | $709000000.00 | $707400000.00 |
| Line item | Jul 31, 2026 · FY | Jul 31, 2025 · FY | Jul 31, 2024 · FY | Jul 31, 2023 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $2.5B | $2.3B | $1.5B | $1.1B |
| Short-term investments | $557.0M | $634.6M | $1.0B | $1.3B |
| Accounts receivable, net of allowance for credit losses of $4 and $10 as of July 31, 2026 and July 31, 2025, respectively | $3.6B | $3.0B | $2.6B | $2.5B |
| Short-term financing receivables, net | $592.0M | $714.6M | $725.9M | $388.8M |
| Short-term deferred contract costs | $544.0M | $419.5M | $369.0M | $339.2M |
| Prepaid expenses and other current assets | $807.0M | $520.5M | $557.4M | $466.8M |
| Total current assets | $8.6B | $7.5B | $6.8B | $6.0B |
| Property and equipment, net | $523.0M | $387.3M | $361.1M | $354.5M |
| Operating lease right-of-use assets | $700.0M | $347.0M | $385.9M | $263.3M |
| Long-term investments | $4.8B | $5.6B | $4.2B | $3.0B |
| Long-term financing receivables, net | $944.0M | $1.0B | $1.2B | $653.3M |
| Long-term deferred contract costs | $667.0M | $585.9M | $562.0M | $547.1M |
| Goodwill | $22.0B | $4.6B | $3.4B | $2.9B |
| Intangible assets, net | $7.0B | $762.7M | $374.9M | $315.4M |
| Deferred tax assets | $2.4B | $2.4B | $2.4B | — |
| Other assets | $678.0M | $421.8M | $352.9M | $344.8M |
| Total assets | $48.5B | $23.6B | $20.0B | $14.5B |
| Accounts payable | $290.0M | $232.2M | $116.3M | $132.3M |
| Accrued compensation | $1.0B | $607.6M | $554.7M | $548.3M |
| Accrued and other liabilities | $838.0M | $846.0M | $506.7M | $390.8M |
| Deferred revenue | $7.7B | $6.3B | $5.5B | $4.7B |
| Total current liabilities | $9.9B | $8.0B | $7.7B | $7.7B |
| Long-term convertible senior notes | $1.8B | — | — | — |
| Long-term deferred revenue | $7.0B | $6.4B | $5.9B | $4.6B |
| Deferred tax liabilities | $251.0M | $89.1M | $387.7M | — |
| Long-term operating lease liabilities | $726.0M | $338.2M | $380.5M | $279.2M |
| Other long-term liabilities | $1.3B | $886.8M | $430.9M | $114.2M |
| Total liabilities | $21.0B | $15.8B | $14.8B | $12.8B |
| Preferred stock; $0.0001 par value; 100 shares authorized; none issued and outstanding as of July 31, 2026 and July 31, 2025 | 0 | 0 | 0 | 0 |
| Common stock and additional paid-in capital; $0.0001 par value; 2,000 shares authorized; 815 and 668 shares issued and outstanding as of July 31, 2026 and July 31, 2025, respectively | 24.8B | 5.3B | 3.8B | 3.0B |
| Accumulated other comprehensive income (loss) | ($71.0M) | $48.4M | ($1.6M) | ($43.2M) |
| Retained earnings | $2.8B | $2.5B | $1.4B | ($1.2B) |
| Total stockholders’ equity | $27.5B | $7.8B | $5.2B | $1.7B |
| Total liabilities and stockholders’ equity | $48.5B | $23.6B | $20.0B | $14.5B |
| Line item | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Apr 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $2.4B | $4.2B | $3.1B | $2.4B |
| Short-term investments | $747.0M | $378.0M | $1.1B | $916.8M |
| Accounts receivable, net of allowance for credit losses of $6 and $10 as of April 30, 2026 and July 31, 2025, respectively | $2.9B | $2.1B | $1.3B | $1.9B |
| Short-term financing receivables, net | $591.0M | $672.0M | $737.0M | $737.3M |
| Short-term deferred contract costs | $454.0M | $424.0M | $415.0M | $387.1M |
| Prepaid expenses and other current assets | $705.0M | $621.0M | $605.0M | $524.4M |
| Total current assets | $7.7B | $8.4B | $7.3B | $6.9B |
| Property and equipment, net | $506.0M | $485.0M | $394.0M | $367.0M |
| Operating lease right-of-use assets | $678.0M | $368.0M | $353.0M | $357.3M |
| Long-term investments | $3.9B | $3.4B | $6.0B | $5.2B |
| Long-term financing receivables, net | $779.0M | $870.0M | $855.0M | $1.1B |
| Long-term deferred contract costs | $551.0M | $526.0M | $546.0M | $528.2M |
| Goodwill | $21.9B | $6.9B | $4.6B | $4.1B |
| Intangible assets, net | $7.3B | $1.2B | $723.0M | $730.2M |
| Deferred tax assets | $2.4B | $2.4B | $2.4B | $2.5B |
| Other assets | $593.0M | $427.0M | $390.0M | $396.9M |
| Total assets | $46.3B | $25.0B | $23.5B | $22.0B |
| Accounts payable | $293.0M | $262.0M | $223.0M | $234.8M |
| Accrued compensation | $680.0M | $562.0M | $398.0M | $506.2M |
| Accrued and other liabilities | $760.0M | $937.0M | $665.0M | $824.6M |
| Deferred revenue | $7.1B | $6.2B | $6.1B | $5.8B |
| Short-term convertible senior notes | $160.0M | — | — | $383.2M |
| Total current liabilities | $9.0B | $8.0B | $7.4B | $7.7B |
| Long-term convertible senior notes | $1.2B | — | — | — |
| Long-term deferred revenue | $6.5B | $6.2B | $6.1B | $5.8B |
| Deferred tax liabilities | $259.0M | $75.0M | $96.0M | $26.2M |
| Long-term operating lease liabilities | $719.0M | $372.0M | $346.0M | $345.7M |
| Other long-term liabilities | $930.0M | $949.0M | $913.0M | $878.0M |
| Total liabilities | $18.6B | $15.6B | $14.9B | $14.8B |
| Preferred stock; $0.0001 par value; 100 shares authorized; none issued and outstanding as of April 30, 2026 and July 31, 2025 | 0 | 0 | 0 | 0 |
| Common stock and additional paid-in capital; $0.0001 par value; 2,000 shares authorized; 813 and 668 shares issued and outstanding as of April 30, 2026 and July 31, 2025, respectively | 24.6B | 6.1B | 5.8B | 5.0B |
| Accumulated other comprehensive income (loss) | ($13.0M) | $46.0M | $67.0M | $48.0M |
| Retained earnings | $3.1B | $3.3B | $2.8B | $2.2B |
| Total stockholders’ equity | $27.7B | $9.4B | $8.7B | $7.2B |
| Total liabilities and stockholders’ equity | $46.3B | $25.0B | $23.5B | $22.0B |
| Line item | Jul 31, 2026 · FY | Jul 31, 2025 · FY | Jul 31, 2024 · FY | Jul 31, 2023 · FY |
|---|---|---|---|---|
| Net income | $307.0M | $1.1B | $2.6B | $439.7M |
| Share-based compensation for equity-based awards | $1.8B | $1.3B | $1.1B | $1.1B |
| Deferred income taxes | ($19.0M) | ($349.9M) | ($2.0B) | — |
| Depreciation and amortization | $855.0M | $343.4M | $283.3M | $282.2M |
| Amortization of deferred contract costs | $590.0M | $480.6M | $446.0M | $413.4M |
| Amortization of debt issuance costs | $0 | $1.1M | $3.5M | $6.7M |
| Change in fair value of convertible senior notes and capped calls | $562.0M | — | — | — |
| Change in fair value of contingent consideration liability | ($117.0M) | ($135.3M) | — | — |
| Reduction of operating lease right-of-use assets | $75.0M | $65.4M | $55.3M | $49.9M |
| Amortization of investment premiums, net of accretion of purchase discounts | ($54.0M) | ($41.1M) | ($60.1M) | ($52.2M) |
| Unrealized foreign currency exchange (gains) losses, net | $1.0M | — | — | — |
| Accounts receivable, net | ($335.0M) | ($345.3M) | ($154.3M) | ($320.3M) |
| Financing receivables, net | $181.0M | $191.1M | ($865.9M) | ($738.7M) |
| Deferred contract costs | ($795.0M) | ($555.0M) | ($489.3M) | ($431.9M) |
| Prepaid expenses and other assets | ($139.0M) | $88.3M | ($134.1M) | ($265.3M) |
| Accounts payable | $43.0M | $106.8M | ($15.0M) | $1.0M |
| Accrued compensation | $327.0M | $51.3M | $3.8M | $84.4M |
| Accrued and other liabilities | $95.0M | $147.5M | $384.5M | ($67.6M) |
| Deferred revenue | $1.2B | $1.2B | $2.2B | $2.3B |
| Net cash provided by operating activities | $4.6B | $3.7B | $3.3B | $2.8B |
| Purchases of investments | ($3.7B) | ($3.7B) | ($3.6B) | ($5.5B) |
| Proceeds from sales of investments | $3.5B | $1.2B | $956.2M | $965.9M |
| Proceeds from maturities of investments | $2.2B | $1.6B | $1.9B | $2.8B |
| Business acquisitions, net of cash and restricted cash acquired | ($4.7B) | ($1.1B) | ($610.6M) | ($204.5M) |
| Purchases of property, equipment, and other assets | ($440.0M) | ($246.2M) | ($156.8M) | ($146.3M) |
| Net cash used in investing activities | ($3.1B) | ($2.2B) | ($1.5B) | ($2.0B) |
| Repayments and settlement of conversions of convertible senior notes | ($160.0M) | ($965.6M) | ($1.0B) | — |
| Proceeds from capped calls related to convertible senior notes | $10.0M | — | — | — |
| Repurchases of common stock | ($1.0B) | $0 | ($566.7M) | ($272.7M) |
| Proceeds from sales of shares through employee equity incentive plans | 265.0M | 370.5M | 283.9M | 258.8M |
| Payments for taxes related to net share settlement of equity awards | ($126.0M) | ($183.8M) | ($26.6M) | ($20.4M) |
| Payments of contingent consideration liability | ($191.0M) | — | — | — |
| Net cash used in financing activities | ($1.2B) | ($778.9M) | ($1.3B) | ($1.7B) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | ($3.0M) | — | — | — |
| Net increase in cash, cash equivalents, and restricted cash | $244.0M | $732.4M | $404.6M | ($982.6M) |
| Cash, cash equivalents, and restricted cash—beginning of period | $2.3B | $1.5B | $1.1B | $2.1B |
| Cash, cash equivalents, and restricted cash—end of period | $2.5B | $2.3B | $1.5B | $1.1B |
| Cash and cash equivalents | $2.5B | $2.3B | $1.5B | — |
| Restricted cash included in prepaid expenses and other current assets | $5.0M | $10.6M | $11.6M | — |
| Restricted cash included in other assets | $4.0M | — | — | — |
| Total cash, cash equivalents, and restricted cash | $2.5B | $2.3B | $1.5B | — |
| Equity consideration for business acquisitions | ($18.9B) | ($27.1M) | ($27.4M) | ($300.0K) |
| Contingent consideration for a business acquisition | $0 | ($648.9M) | — | — |
| Cash paid for income taxes | $199.0M | $505.5M | $342.3M | $147.1M |
| Cash paid for contractual interest | $0 | $1.7M | $5.6M | $20.2M |
| Line item | Apr 30, 2026 · YTD | Jan 31, 2026 · YTD | Oct 31, 2025 · Q1 | Apr 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $589.0M | $766.0M | $334.0M | $880.1M |
| Share-based compensation for equity-based awards | $1.3B | $671.0M | $370.0M | $940.7M |
| Deferred income taxes | $38.0M | $14.0M | $9.0M | ($441.5M) |
| Depreciation and amortization | $514.0M | $180.0M | $89.0M | $259.6M |
| Amortization of deferred contract costs | $410.0M | $261.0M | $126.0M | $344.1M |
| Amortization of debt issuance costs | $0 | $0 | — | $1.0M |
| Change in fair value of convertible senior notes and capped calls | $38.0M | — | — | — |
| Change in fair value of contingent consideration liability | ($120.0M) | ($10.0M) | ($13.0M) | $20.3M |
| Reduction of operating lease right-of-use assets | $54.0M | $35.0M | $18.0M | $48.1M |
| Amortization of investment premiums, net of accretion of purchase discounts | ($53.0M) | ($52.0M) | ($7.0M) | ($35.2M) |
| Unrealized foreign currency exchange (gains) losses, net | $9.0M | — | — | — |
| Accounts receivable, net | $441.0M | $864.0M | $1.6B | $668.6M |
| Financing receivables, net | $347.0M | $175.0M | $125.0M | $101.8M |
| Deferred contract costs | ($410.0M) | ($206.0M) | ($82.0M) | ($328.4M) |
| Prepaid expenses and other assets | ($47.0M) | ($45.0M) | ($33.0M) | $67.8M |
| Accounts payable | $50.0M | $40.0M | ($2.0M) | $118.7M |
| Accrued compensation | ($42.0M) | ($47.0M) | ($210.0M) | ($48.5M) |
| Accrued and other liabilities | $11.0M | $23.0M | ($53.0M) | $34.6M |
| Deferred revenue | $53.0M | ($344.0M) | ($522.0M) | $63.4M |
| Net cash provided by operating activities | $3.2B | $2.3B | $1.8B | $2.7B |
| Purchases of investments | ($2.4B) | ($1.9B) | ($1.4B) | ($2.8B) |
| Proceeds from sales of investments | $3.4B | $2.8B | $30.0M | $829.9M |
| Proceeds from maturities of investments | $1.8B | $1.6B | $474.0M | $1.2B |
| Business acquisitions, net of cash and restricted cash acquired | ($4.6B) | ($2.6B) | ($2.0M) | ($499.5M) |
| Purchases of property, equipment, and other assets | ($337.0M) | ($254.0M) | ($84.0M) | ($159.9M) |
| Net cash used in investing activities | ($2.1B) | ($332.0M) | ($983.0M) | ($1.4B) |
| Repayments of convertible senior notes | $0 | $0 | $0 | ($582.3M) |
| Proceeds from capped calls related to convertible senior notes | $10.0M | — | — | — |
| Repurchases of common stock | ($1.0B) | — | — | $0 |
| Proceeds from sales of shares through employee equity incentive plans | 264.0M | 138.0M | 130.0M | 360.6M |
| Payments for taxes related to net share settlement of equity awards | ($125.0M) | ($109.0M) | ($1.0M) | ($183.1M) |
| Payments of contingent consideration liability | ($154.0M) | ($135.0M) | ($121.0M) | — |
| Net cash used in financing activities | ($1.0B) | ($106.0M) | $8.0M | ($404.8M) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $2.0M | — | — | — |
| Net increase in cash, cash equivalents, and restricted cash | $95.0M | $1.9B | $796.0M | $848.2M |
| Cash, cash equivalents, and restricted cash—beginning of period | $2.3B | $2.3B | $2.3B | $1.5B |
| Cash, cash equivalents, and restricted cash—end of period | $2.4B | $4.2B | $3.1B | $2.4B |
| Cash and cash equivalents | $2.4B | $4.2B | $3.1B | $2.4B |
| Restricted cash included in prepaid expenses and other current assets | $6.0M | $4.0M | $9.0M | $11.6M |
| Restricted cash included in other assets | $4.0M | $4.0M | — | — |
| Total cash, cash equivalents, and restricted cash | $2.4B | $4.2B | $3.1B | $2.4B |
| Equity consideration for business acquisitions | ($18.9B) | ($109.0M) | — | $0 |
| Contingent consideration for a business acquisition | $0 | $0 | $0 | ($648.9M) |
Palo Alto Networks Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.