Palo Alto Networks Income Statement
PANW / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Palo Alto Networks reported $9.2B in revenue and $1.1B in net income for FY2025. Revenue has grown at a 36.5% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.2B | $8.0B | $6.9B | $3.4B | $2.9B | $2.3B | $1.8B | $2.3B | $1.8B | $1.4B | $928.1M | $598.2M | $118.6M | $255.1M | $118.6M |
| Cost of Revenue | $2.5B | $2.1B | $1.9B | $999.5M | $808.4M | $645.1M | $476.4M | $645.1M | $476.4M | $370.0M | $251.5M | $159.6M | $32.3M | $70.6M | $32.3M |
| Gross Profit | $6.8B | $6.0B | $5.0B | $2.4B | $2.1B | $1.6B | $1.3B | $1.6B | $1.3B | $1.0B | $676.6M | $438.6M | $86.3M | $184.6M | $86.3M |
| SG&A Expense | $442.7M | $680.5M | $447.7M | $299.6M | $261.8M | $257.8M | $198.3M | $257.8M | $198.3M | $138.4M | $101.6M | $73.1M | $13.1M | $26.2M | $13.1M |
| R&D Expense | $2.0B | $1.8B | $1.6B | $768.1M | $539.5M | $400.7M | $347.4M | $400.7M | $347.4M | $284.2M | $185.8M | $104.8M | $21.4M | $38.6M | $21.4M |
| Operating Income | $1.2B | $683.9M | $387.3M | -$179.0M | -$54.1M | -$104.2M | -$165.8M | -$104.2M | -$165.8M | -$157.3M | -$99.8M | -$215.3M | -$10.4M | $3.9M | -$10.4M |
| Interest Expense | $3.0M | $8.3M | $27.2M | $88.7M | $83.9M | $29.6M | $24.5M | $29.6M | $24.5M | $23.4M | $22.3M | $1.9M | - | $36.0K | - |
| Income Tax | $461.8M | -$1.6B | $126.6M | $35.2M | $7.3M | $16.9M | $22.9M | $16.9M | $22.9M | $20.4M | $9.4M | $4.3M | $476.0K | $2.1M | $476.0K |
| Net Income | $1.1B | $2.6B | $439.7M | -$267.0M | -$81.9M | -$122.2M | -$203.0M | -$122.2M | -$203.0M | -$192.7M | -$131.3M | -$226.5M | -$12.5M | $737.0K | -$12.5M |
| EPS (Basic) | $0.73 | -$0.90 | -$1.73 | -$2.76 | -$0.87 | - | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | $0.64 | -$0.90 | -$1.73 | -$2.76 | -$0.87 | -$1.33 | -$2.24 | -$2.21 | -$1.61 | -$3.05 | -$0.43 | $0.00 | -$0.88 | - | - |
| Shares Outstanding | 650.2M | 308.3M | 298.8M | 97.3M | 96.3M | 96.8M | 93.6M | 91.5M | 90.5M | 84.8M | 79.5M | 71.6M | 19.8M | 19.6M | 14.2M |
| Gross Margin | 73.4% | 74.4% | 72.3% | 70.7% | 72.1% | 71.6% | 72.9% | 71.6% | 72.6% | 73.2% | 72.9% | 73.3% | 72.8% | 72.3% | 72.8% |
| Operating Margin | 13.5% | 8.5% | 5.6% | -5.3% | -1.9% | -4.6% | -9.4% | -4.6% | -9.4% | -11.4% | -10.8% | -36.0% | -8.8% | 1.5% | -8.8% |
| Profit Margin | 12.3% | 32.1% | 6.4% | -7.8% | -2.8% | -5.4% | -11.6% | -5.4% | -11.5% | -14.0% | -14.1% | -37.9% | -10.6% | 0.3% | -10.6% |