Revenue
$3.41B +34.5% on Q4 FY2025
NASDAQ:PANW
Palo Alto Networks had revenue of $3.4 billion in Q4 FY2026, the quarter that ended Jul 31, 2026, 34% more than a year earlier. Below are its quarterly and annual figures, split by region and product.
Latest quarter, Q4 FY2026 ended Jul 31, 2026
Revenue
Gross profit
Operating income
Net income
$3.41B +34.5% on Q4 FY2025
Q4 FY2026
Q4 FY2026
Q4 FY2026
$2.30B +24.1% on Q4 FY2025
$172.00M −65.4% on Q4 FY2025
−$282.00M −211.0% on Q4 FY2025
| Palo Alto Networks revenue by quarter | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 | Q3 FY2024 | Q2 FY2024 | Q1 FY2024 | Q4 FY2023 | Q3 FY2023 | Q2 FY2023 | Q1 FY2023 | Q4 FY2022 | Q3 FY2022 | Q2 FY2022 | Q1 FY2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | $3.41B | $3.00B | $2.59B | $2.47B | $2.54B | $2.29B | $2.26B | $2.14B | $2.19B | $1.98B | $1.98B | $1.88B | $1.95B | $1.72B | $1.66B | $1.56B | $1.55B | $1.39B | $1.32B | $1.25B |
| Regions | ||||||||||||||||||||
| United States | $2.14B | $1.85B | $1.59B | $1.53B | $1.62B | $1.43B | $1.40B | $1.34B | $1.41B | $1.27B | $1.25B | $1.20B | $1.27B | $1.11B | $1.04B | $1.01B | $1.00B | $887.20M | $858.60M | $811.70M |
| Europe, the Middle East, and Africa (“EMEA”) | $714.00M | $633.00M | $560.00M | $521.00M | $515.00M | $480.00M | $480.00M | $442.00M | $431.10M | $399.20M | $406.80M | $364.90M | $378.10M | $332.10M | $341.50M | $307.90M | $300.30M | $269.50M | $252.20M | $233.80M |
| Asia Pacific and Japan (“APAC”) | $388.00M | $351.00M | $322.00M | $312.00M | $289.80M | $279.00M | $275.00M | $255.00M | $255.90M | $226.00M | $234.10M | $226.60M | $222.20M | $209.60M | $196.60M | $184.80M | $178.90M | $168.50M | $148.80M | $146.90M |
| Other Americas | $168.00M | $164.00M | $124.00M | $115.00M | $114.00M | $105.00M | $102.00M | $98.00M | $92.10M | $88.50M | $86.00M | $82.30M | $82.60M | $74.00M | $74.70M | $64.40M | $68.50M | $61.50M | $57.30M | $55.00M |
| Products | ||||||||||||||||||||
| Subscription | $1.84B | $1.63B | $1.40B | $1.36B | $1.32B | $1.23B | $1.23B | $1.19B | $1.13B | $1.05B | $1.03B | $988.30M | $917.90M | $838.10M | $815.40M | $764.00M | $702.40M | $639.80M | $618.00M | $578.80M |
| Support | $833.00M | $776.00M | $676.00M | $676.00M | $647.00M | $602.00M | $603.00M | $593.00M | $581.50M | $548.20M | $557.30M | $548.70M | $528.00M | $494.70M | $486.80M | $469.40M | $440.00M | $395.40M | $390.90M | $373.10M |
| Product | $738.00M | $594.00M | $514.00M | $434.00M | $573.90M | $453.00M | $421.00M | $354.00M | $480.50M | $391.00M | $390.70M | $341.10M | $507.40M | $388.10M | $352.90M | $330.00M | $408.10M | $351.50M | $308.00M | $295.50M |
| Palo Alto Networks gross profit by quarter | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 | Q3 FY2024 | Q2 FY2024 | Q1 FY2024 | Q4 FY2023 | Q3 FY2023 | Q2 FY2023 | Q1 FY2023 | Q4 FY2022 | Q3 FY2022 | Q2 FY2022 | Q1 FY2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | $2.30B | $2.03B | $1.91B | $1.84B | $1.86B | $1.67B | $1.66B | $1.59B | $1.62B | $1.47B | $1.48B | $1.41B | $1.45B | $1.25B | $1.19B | $1.10B | $1.06B | $946.20M | $911.60M | $866.80M |
| Palo Alto Networks operating income by quarter | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 | Q3 FY2024 | Q2 FY2024 | Q1 FY2024 | Q4 FY2023 | Q3 FY2023 | Q2 FY2023 | Q1 FY2023 | Q4 FY2022 | Q3 FY2022 | Q2 FY2022 | Q1 FY2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | $172.00M | −$183.00M | $397.00M | $309.00M | $497.00M | $219.00M | $241.00M | $286.00M | $238.40M | $176.70M | $53.60M | $215.20M | $253.50M | $78.70M | $39.90M | $15.20M | $15.40M | −$47.60M | −$73.90M | −$82.70M |
| Palo Alto Networks net income by quarter | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 | Q3 FY2024 | Q2 FY2024 | Q1 FY2024 | Q4 FY2023 | Q3 FY2023 | Q2 FY2023 | Q1 FY2023 | Q4 FY2022 | Q3 FY2022 | Q2 FY2022 | Q1 FY2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | −$282.00M | −$177.00M | $432.00M | $334.00M | $254.00M | $262.00M | $267.00M | $351.00M | $357.70M | $278.80M | $1.75B | $194.20M | $227.70M | $107.80M | $84.20M | $20.00M | $3.30M | −$73.20M | −$93.50M | −$103.60M |
Revenue was $3.4 billion, gross profit was $2.3 billion, operating income was $172.0 million and net income was −$282.0 million. That's a gross margin of 67.6% and operating margin of 5.0%.
By region, United States brought in the most, 63% of the total.
Palo Alto Networks's fiscal year ends in July, not December. Its FY2026 ended on Jul 31, 2026, and the latest quarter here, Q4 FY2026, ended on Jul 31, 2026. Periods on this page are named the way Palo Alto Networks names them.
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