PANW Revenue Flow Filed revenue amounts for 2025-08-01 to 2026-07-31. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.
2026-07-31: Revenue $3.41B* ; Cost of revenue $1.11B* ; Research and development $779.00M* ; Operating expenses $2.13B* . 2026-04-30: Revenue $3.00B ; Cost of revenue $974.00M ; Research and development $734.00M ; Operating expenses $2.21B . 2026-01-31: Revenue $2.59B ; Cost of revenue $685.00M ; Research and development $511.00M ; Operating expenses $1.51B . 2025-10-31: Revenue $2.47B ; Cost of revenue $638.00M ; Research and development $528.00M ; Operating expenses $1.53B . Product or service Separate filed amounts; connecting flows are not established. Components and totals may overlap.
PANW revenue flow Filed amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow. Product $2.28B Service $9.20B Subscription $6.24B Support $2.96B Revenue $11.48B Cost of revenue $3.40B Gross profit $8.08B Operating expenses $7.38B Operating income $695.00M Other income, net $64.00M Research & development $2.55B Pre-tax income $536.00M Income tax $229.00M Net income $307.00M
Geography Separate filed amounts; connecting flows are not established. Components and totals may overlap.
PANW revenue flow Filed amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow. Americas $7.68B Asia Pacific $1.37B EMEA $2.43B Other Americas $571.00M US $7.11B Revenue $11.48B Cost of revenue $3.40B Gross profit $8.08B Operating expenses $7.38B Operating income $695.00M Other income, net $64.00M Research & development $2.55B Pre-tax income $536.00M Income tax $229.00M Net income $307.00M
Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.
Historical revenue and expense breakdown Revenue and expense 3 month Period end Revenue Cost of revenue Research and development Operating expenses Income tax Net income 2026-07-31 $3.41B* $1.11B* $779.00M* $2.13B* $13.00M* -$282.00M* 2026-04-30 $3.00B $974.00M $734.00M $2.21B $21.00M -$177.00M 2026-01-31 $2.59B $685.00M $511.00M $1.51B $117.00M $432.00M 2025-10-31 $2.47B $638.00M $528.00M $1.53B $78.00M $334.00M 2025-04-30 $2.29B $619.00M $494.00M $1.45B $49.00M $262.00M 2025-01-31 $2.26B $599.00M $505.00M $1.42B $58.00M $267.00M 2024-10-31 $2.14B $554.00M $481.00M $1.30B $17.00M $351.00M 2024-04-30 $1.98B $513.60M $457.20M $1.29B -$27.60M $278.80M 2024-01-31 $1.98B $499.10M $447.90M $1.42B -$1.61B $1.75B 2023-10-31 $1.88B $472.80M $409.50M $1.19B $88.40M $194.20M 2023-04-30 $1.72B $474.80M $413.70M $1.17B $23.20M $107.80M 2023-01-31 $1.66B $466.20M $404.10M $1.15B $200.00K $84.20M 2022-10-31 $1.56B $461.90M $371.80M $1.09B $14.40M $20.00M 2022-04-30 $1.39B $440.50M $355.40M $993.80M $20.70M -$73.20M 2022-01-31 $1.32B $405.30M $359.00M $985.50M $12.70M -$93.50M 2021-10-31 $1.25B $380.60M $339.50M $949.50M $12.40M -$103.60M 2021-04-30 $1.07B $330.60M $311.00M $853.70M -$5.30M -$145.10M 2021-01-31 $1.02B $307.60M $266.70M $798.10M $12.30M -$142.30M 2020-10-31 $946.00M $277.80M $237.40M $712.70M $9.90M -$92.20M 2020-07-31 $950.40M $290.40M $215.90M $677.80M $10.50M -$58.90M 2020-04-30 $869.40M $258.30M $196.30M $667.60M $7.00M -$74.80M 2020-01-31 $816.70M $233.10M $185.40M $636.50M $12.60M -$73.70M 2019-10-31 $771.90M $217.70M $170.50M $606.00M $5.10M -$59.60M 2019-07-31 $805.80M $217.40M $158.70M $598.30M $7.10M -$20.80M 2019-04-30 $726.60M $204.90M $139.10M $540.40M -$900.00K -$20.20M 2019-01-31 $711.20M $202.60M $128.30M $502.00M $4.60M -$2.60M 2018-10-31 $656.00M $183.50M $113.40M $504.60M -$3.50M -$38.30M 2018-07-31 $658.50M $184.50M $110.30M $456.90M $9.90M $7.00M 2018-04-30 $567.70M $159.90M $99.60M $453.10M -$2.80M -$40.40M 2018-01-31 $545.60M $159.40M $96.60M $408.70M $1.60M -$25.60M 2017-10-31 $501.80M $141.30M $94.20M $414.00M $8.20M -$63.20M 2017-07-31 $509.10M $138.50M $87.30M $397.90M $7.60M -$38.20M 2017-04-30 $431.80M $123.70M $86.00M $357.20M $7.70M -$60.90M 2017-01-31 $422.60M $113.20M $89.90M $363.80M $2.80M -$60.60M 2016-10-31 $398.10M $101.20M $84.20M $345.90M $4.40M -$56.90M 2016-07-31 $400.80M $101.70M $76.50M $321.80M $5.40M -$31.40M 2016-04-30 $345.80M $94.90M $74.00M $303.40M $6.80M -$64.10M 2016-01-31 $334.70M $94.20M $74.00M $290.60M $3.90M -$57.30M 2015-10-31 $297.20M $79.20M $59.70M $250.00M $4.30M -$39.90M 2015-07-31 $283.90M $74.30M $53.10M $244.10M $5.40M -$46.00M 2015-04-30 $234.20M $64.40M $48.40M $206.50M $3.50M -$45.90M 2015-01-31 $217.70M $59.40M $47.00M $196.80M -$700.00K -$43.00M 2014-10-31 $192.30M $53.40M $37.30M $162.70M $1.20M -$30.10M 2014-07-31 $178.23M $48.61M $32.83M $155.07M -$833.00K -$32.06M 2014-04-30 $150.70M $39.71M $27.84M $256.72M $1.27M -$146.59M 2014-01-31 $141.07M $37.50M $24.25M $140.72M $2.61M -$39.95M 2013-10-31 $128.18M $33.81M $19.89M $101.38M $1.25M -$7.86M 2013-07-31 $112.39M $30.26M $17.63M $89.01M $8.96M -$15.84M 2013-04-30 $101.29M $27.69M $16.05M $80.05M $808.00K -$7.28M 2013-01-31 $96.50M $27.62M $15.49M $71.04M $512.00K -$2.61M 2012-10-31 $85.93M $24.19M $13.31M $64.88M $312.00K -$3.52M 2012-07-31 $75.64M $21.57M $11.75M $58.32M $289.00K -$4.60M 2012-04-30 $65.70M $18.63M $10.46M $47.11M -$837.00K $796.00K 2012-01-31 $56.68M $15.51M $8.51M $39.89M $288.00K $424.00K 2011-10-31 $57.11M $14.84M $7.85M $35.37M $2.32M $4.12M
Revenue and expense 6 month Period end Revenue Cost of revenue Research and development Operating expenses Income tax Net income 2026-01-31 $5.07B $1.32B $1.04B $3.04B $195.00M $766.00M 2025-01-31 $4.40B $1.15B $986.00M $2.72B $75.00M $618.00M 2024-01-31 $3.85B $971.90M $857.40M $2.61B -$1.52B $1.94B 2023-01-31 $3.22B $928.10M $775.90M $2.24B $14.60M $104.20M 2022-01-31 $2.56B $785.90M $698.50M $1.94B $25.10M -$197.10M 2021-01-31 $1.96B $585.40M $504.10M $1.51B $22.20M -$234.50M 2020-01-31 $1.59B $450.80M $355.90M $1.24B $17.70M -$133.30M 2019-01-31 $1.37B $386.10M $241.70M $1.01B $1.10M -$40.90M 2018-01-31 $1.05B $300.70M $190.80M $822.70M $9.80M -$88.80M 2017-01-31 $820.70M $214.40M $174.10M $709.70M $7.20M -$117.50M 2016-01-31 $631.90M $173.40M $133.70M $540.60M $8.20M -$97.20M 2015-01-31 $410.00M $112.80M $84.30M $359.50M $500.00K -$73.10M 2014-01-31 $269.25M $71.31M $44.15M $242.10M $3.85M -$47.81M 2013-01-31 $182.43M $51.81M $28.81M $135.91M $824.00K -$6.13M 2012-01-31 $113.80M $30.35M $16.36M $75.27M $2.61M $4.54M
Revenue and expense 9 month Period end Revenue Cost of revenue Research and development Operating expenses Income tax Net income 2026-04-30 $8.07B $2.30B $1.77B $5.25B $216.00M $589.00M 2025-04-30 $6.68B $1.77B $1.48B $4.17B $124.00M $880.00M 2024-04-30 $5.84B $1.49B $1.31B $3.91B -$1.55B $2.22B 2023-04-30 $4.94B $1.40B $1.19B $3.40B $37.80M $212.00M 2022-04-30 $3.95B $1.23B $1.05B $2.93B $45.80M -$270.30M 2021-04-30 $3.04B $916.00M $815.10M $2.36B $16.90M -$379.60M 2020-04-30 $2.46B $709.10M $552.20M $1.91B $24.70M -$208.10M 2019-04-30 $2.09B $591.00M $380.80M $1.55B $200.00K -$61.10M 2018-04-30 $1.62B $460.60M $290.40M $1.28B $7.00M -$129.20M 2017-04-30 $1.25B $338.10M $260.10M $1.07B $14.90M -$178.40M 2016-04-30 $977.70M $268.30M $207.70M $844.00M $15.00M -$161.30M 2015-04-30 $644.20M $177.20M $132.70M $566.00M $4.00M -$119.00M 2014-04-30 $419.95M $111.02M $71.98M $498.83M $5.13M -$194.39M 2013-04-30 $283.72M $79.50M $44.85M $215.96M $1.63M -$13.41M 2012-04-30 $179.50M $48.99M $26.82M $122.38M $1.77M $5.34M
Revenue and expense 12 month Period end Revenue Cost of revenue Research and development Operating expenses Income tax Net income 2026-07-31 $11.48B $3.40B $2.55B $7.38B $229.00M $307.00M 2025-07-31 $9.22B $2.45B $1.98B $5.53B $462.00M $1.13B 2024-07-31 $8.03B $2.06B $1.81B $5.28B -$1.59B $2.58B 2023-07-31 $6.89B $1.91B $1.60B $4.60B $126.60M $439.70M 2022-07-31 $5.50B $1.72B $1.42B $3.97B $59.80M -$267.00M 2021-07-31 $4.26B $1.27B $1.14B $3.29B $33.90M -$498.90M 2020-07-31 $3.41B $999.50M $768.10M $2.59B $35.20M -$267.00M 2019-07-31 $2.90B $808.40M $539.50M $2.15B $7.30M -$81.90M 2018-07-31 $2.27B $645.10M $400.70M $1.73B $16.90M -$122.20M 2017-07-31 $1.76B $476.40M $347.40M $1.44B $22.90M -$203.00M 2016-07-31 $1.38B $370.00M $284.20M $1.17B $20.40M -$192.70M 2015-07-31 $928.10M $251.50M $185.80M $776.40M $9.40M -$131.30M 2014-07-31 $598.20M $159.60M $104.80M $653.90M $4.30M -$226.50M 2013-07-31 $396.11M $109.76M $62.48M $304.97M $10.59M -$29.25M 2012-07-31 $255.14M $70.55M $38.57M $180.69M $2.06M $737.00K 2011-07-31 $118.60M $32.27M $21.37M $96.73M $476.00K -$12.53M