Palo Alto Networks, Inc. (PANW) Earnings History
Profitable16 years of earnings data (2010–2025) · Positive TTM net income
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Palo Alto Networks, Inc. (PANW) Earnings Overview
As of June 23, 2026, Palo Alto Networks, Inc. (PANW) reported trailing twelve-month net income of $843M, reflecting -56.0% year-over-year growth. The company earned $1.13 per diluted share over the past four quarters, with a net profit margin of 12.3%.
Looking at the long-term picture, PANW's historical earnings data spans multiple years. The company achieved its highest annual net income of $2.58B in fiscal 2024.
Palo Alto Networks, Inc. maintains positive profitability with a gross margin of 73.4%, operating margin of 13.5%, and net margin of 12.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including FTNT ($1.95B net income, 27.3% margin), CRWD (-$25M net income, -3.4% margin), ZS (-$77M net income, -1.6% margin), PANW has room to improve margins relative to the peer group. Compare PANW vs FTNT →
PANW Earnings vs Peers
Earnings metrics vs comparable public companies
PANW Historical Earnings Data (2010–2025)
16 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.13B | -56.0% | $1.24B | $1.60 | 12.3% | 13.5% |
| 2024 | $2.58B | +486.2% | $684M | $3.64 | 32.1% | 8.5% |
| 2023 | $440M | +264.7% | $387M | $0.64 | 6.4% | 5.6% |
| 2022 | -$267M | +46.5% | -$189M | $-0.45 | -4.9% | -3.4% |
| 2021 | -$499M | -86.9% | -$304M | $-0.86 | -11.7% | -7.1% |
| 2020 | -$267M | -226.0% | -$179M | $-0.46 | -7.8% | -5.3% |
| 2019 | -$82M | +44.6% | -$54M | $-0.14 | -2.8% | -1.9% |
| 2018 | -$148M | +31.7% | -$104M | $-0.27 | -6.5% | -4.6% |
| 2017 | -$217M | +4.1% | -$166M | $-0.40 | -12.3% | -9.4% |
| 2016 | -$226M | -36.9% | -$157M | $-0.43 | -16.4% | -11.4% |
| 2015 | -$165M | +27.1% | -$100M | $-0.34 | -17.8% | -10.8% |
| 2014 | -$226M | -674.3% | -$215M | $-0.51 | -37.9% | -36.0% |
| 2013 | -$29M | -4068.2% | -$19M | $-0.07 | -7.4% | -4.7% |
| 2012 | $737,000 | +105.9% | $4M | $0.00 | 0.3% | 1.5% |
| 2011 | -$13M | +40.7% | -$10M | $-0.03 | -10.6% | -8.8% |
| 2010 | -$21M | - | -$21M | $-0.07 | -43.3% | -42.3% |
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PANW — Frequently Asked Questions
Quick answers to the most common questions about buying PANW stock.
What is PANW earnings per share (EPS)?
PANW trailing twelve-month (TTM) diluted EPS is $1.13, reflecting -56.0% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2010 to 2025 is available in the table on this page.
What is Palo Alto Networks, Inc.'s net income?
Palo Alto Networks, Inc. (PANW) trailing twelve-month net income is $843M as of 2025. Earnings declined -56.0% year-over-year. Palo Alto Networks, Inc. has been profitable for 3 consecutive years.
Is PANW profitable?
Yes, PANW is profitable with a TTM net income of $843M and a net profit margin of +12.3%. Palo Alto Networks, Inc. has generated profits for 3 consecutive years.
What is PANW's earnings growth rate?
PANW compound annual EPS growth rates (CAGR): 1-Year: -56.0%, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2010 to 2025.
What are PANW's profit margins?
Palo Alto Networks, Inc. net profit margin is +12.3%, operating margin is +13.5%, and gross margin is +73.4%. Margins are within a typical range for the sector. Return on Equity is +17.5%.
Is PANW growing earnings?
PANW earnings are declining — EPS fell -56.0% year-over-year. TTM net income dropped to $843M. This contrasts with the 5-year CAGR of N/A.
What was PANW's best earnings year?
Palo Alto Networks, Inc.'s highest annual net income on record is $2.6B, achieved in fiscal year 2024. Earnings history on this page spans 2010 to 2025 and includes all annual and quarterly figures.
What were PANW's earnings last quarter?
PANW's most recent reported quarter was Q3 2026. Net income was $-177M with diluted EPS of $-0.28. For a full breakdown of all quarters, see the quarterly earnings table on this page.