Company / Gross Margin
Palo Alto Networks Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
73.4%
FY2025
5-year range
70.7% / 74.4%
FY2021-FY2025
Trend
-1.3%
vs FY2024
Sector context
#61 of 224
Information Technology
What the data says
At 73.4%, Palo Alto Networks's gross margin ranks #61 of 224 in the Information Technology sector. Gross Margin remained relatively stable over the past 10 years, with values between 70.7% and 74.4%.
Based on SEC 10-K filings.
73.4% in FY2025 with a 5-year CAGR of +1.8%.
Remained stable around 73.4% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +2.7pp
- 5-Year Change
- +1.8pp
- 10-Year Change
- -
Sector benchmark
#61 of 224 in Information TechnologyTop 27% of 224This company 73.4% Sector average 53.5%
▼
+37.2% above sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 1.3% year-over-year.
- Currently 19.9pp above the Information Technology sector average.
- Peak gross margin was recorded in FY2024.
- Lowest gross margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.84 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 73.4% | -1.3% |
| FY2024 | 74.4% | +2.8% |
| FY2023 | 72.3% | +2.3% |
| FY2022 | 70.7% | -2.0% |
| FY2021 | 72.1% | +0.7% |
| FY2020 | 71.6% | -1.7% |
| FY2019 | 72.9% | +1.7% |
| FY2018 | 71.6% | -1.3% |
| FY2017 | 72.6% | -0.8% |
| FY2016 | 73.2% | +0.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026