Company / Operating Margin
Palo Alto Networks Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
13.5%
FY2025
5-year range
-5.3% / 13.5%
FY2021-FY2025
Trend
+58.2%
vs FY2024
Sector context
#86 of 285
Information Technology
What the data says
At 13.5%, Palo Alto Networks's operating margin ranks #86 of 285 in the Information Technology sector. Operating Margin has increased for 3 consecutive years, from -5.3% in FY2022 to 13.5% in FY2025.
Based on SEC 10-K filings.
13.5% in FY2025 with a 5-year CAGR of +18.1%.
Improved from 5.6% to 13.5% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +18.7pp
- 5-Year Change
- +18.1pp
- 10-Year Change
- -
Sector benchmark
#86 of 285 in Information TechnologyTop 30% of 285This company 13.5% Sector average -211.6%
▼
+106.4% above sector average
Key checks
Key Insights
- Palo Alto Networks's operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 58.2% year-over-year.
- Currently 225.0pp above the Information Technology sector average.
- Lowest operating margin in the period was in FY2016.
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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 13.5% | +58.2% |
| FY2024 | 8.5% | +51.6% |
| FY2023 | 5.6% | +207.0% |
| FY2022 | -5.3% | -180.7% |
| FY2021 | -1.9% | +59.2% |
| FY2020 | -4.6% | +51.5% |
| FY2019 | -9.4% | -106.3% |
| FY2018 | -4.6% | +51.3% |
| FY2017 | -9.4% | +17.5% |
| FY2016 | -11.4% | -6.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026