Palo Alto Networks, Inc. (PANW) Earnings History
Annual and quarterly earnings data from 2010 to 2025
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PANW EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
PANW Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 73.4% | 13.5% | 12.3% |
| 2024 | 74.3% | 8.5% | 32.1% |
| 2023 | 72.3% | 5.6% | 6.4% |
| 2022 | 68.8% | -3.4% | -4.9% |
| 2021 | 70.0% | -7.1% | -11.7% |
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Palo Alto Networks, Inc. (PANW) Earnings Overview
As of May 6, 2026, Palo Alto Networks, Inc. (PANW) reported trailing twelve-month net income of $1.28B, reflecting -56.0% year-over-year growth. The company earned $1.80 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 ($1.85B net income, 27.3% margin), CRWD (-$183M net income, -3.4% margin), ZS (-$68M 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% |
Full PANW Stock Analysis
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Start ComparisonPANW — Frequently Asked Questions
Quick answers to the most common questions about buying PANW stock.
Is PANW growing earnings?
PANW EPS fell to $1.80, with earnings declining -56.0%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $1.3B.
What are PANW's profit margins?
Palo Alto Networks, Inc. net margin is +12.3%, with operating margin at +13.5%. Margins sit within typical range for the sector.
How consistent are PANW's earnings?
PANW earnings data spans 2010-2025. The declining earnings trend is -56.0% YoY. Historical data enables comparison across business cycles.