COVERAGE / PANW / Technology

Palo Alto Networks Inc

Computer Peripheral Equipment, NEC

COVERAGE STATUSACTIVE

DATA THROUGH2026-07-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2026-07-31 · Prior / 2025-07-31 · USD · Annual periods

Revenue

$11.48bn

Prior / $9.22bn

Change / +24.50%

SOURCE / 2026-09-10

Operating income

$0.7bn

Prior / $1.24bn

Change / -44.09%

SOURCE / 2026-09-10

Net income

$0.31bn

Prior / $1.13bn

Change / -72.93%

SOURCE / 2026-09-10

Diluted EPS

$0.40

Prior / $1.60

Change / -75.00%

SOURCE / 2026-09-10

Free cash flow

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-09-10

Gross margin

70.36%

Prior / 73.42%

Change / -3.06 pp

SOURCE / 2026-09-10

Operating margin

6.05%

Prior / 13.48%

Change / -7.43 pp

SOURCE / 2026-09-10

Return on avg. equity

1.74%

Prior / 17.46%

Change / -15.72 pp

SOURCE / 2026-09-10

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-08-01",
    "end": "2026-07-31",
    "val": 11480000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-08-01",
    "end": "2026-07-31",
    "val": 307000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2025-08-01",
    "end": "2026-07-31",
    "val": 8077000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-08-01",
    "end": "2026-07-31",
    "val": 695000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-08-01",
    "end": "2026-07-31",
    "val": 0.4,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-08-01",
    "end": "2026-07-31",
    "val": 4553000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2026-07-31",
    "val": 48460000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2026-07-31",
    "val": 20968000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2026-07-31",
    "val": 27492000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2026-07-31",
    "val": 8643000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2026-07-31",
    "val": 9923000000,
    "accn": "0001327567-26-000023",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-09-10",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2026-07-31	$11.48bn	$0.31bn	Not available	$0.40
2025-07-31	$9.22bn	$1.13bn	Not available	$1.60
2024-07-31	$8.03bn	$2.58bn	Not available	$3.64
2023-07-31	$6.89bn	$0.44bn	Not available	$0.64

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2026-07-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	937.65x	Unavailable	47.78x	16
P/S	26.72x	Unavailable	12.58x	14
P/B	11.16x	Unavailable	14.12x	13
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	1.72%	11

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-08-31 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 375.06,
  "tradingDate": "2026-09-17",
  "marketCap": 306799080000,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-08-31"
}

Company & operating context

Palo Alto Networks Inc is an SEC-reporting issuer listed on NASDAQ under PANW. Its SEC industry description is Computer Peripheral Equipment, NEC. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-09-10PERIOD / 2026-07-31

PANW filed this 10-K on 2026-09-10 for the reported period 2026-07-31. Reading focus: Revenue mix, research spending, inventory and cash conversion. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0115PANWCompany Research

PANW: reading the FY2026 financial structure ↗

Palo Alto Networks Inc

Research abstract

Annual revenue of USD 11.480 billion and net income of USD 307.00 million for the period ended 2026-07-31.

DATA THROUGH2026-07-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Customer concentration, product transitions, export restrictions and the durability of capital spending.

Revenue mix, research spending, inventory and cash conversion.

TECHNOLOGY SYSTEM ↗

Sources & dates

SEC annual filing · 2026-07-31 ↗Source date 2026-09-10
SEC annual filing · 2025-07-31 ↗Source date 2026-09-10
SEC annual filing · 2024-07-31 ↗Source date 2026-09-10
SEC annual filing · 2023-07-31 ↗Source date 2025-08-29
SEC issuer record ↗Source date 2026-09-18