Palo Alto Networks Inc
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PANW Q4 2025 request
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/api/financials?ticker=PANW&year=2025&quarter=4
Pick an endpoint and run the request.Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 2,536.3 | 2,189.5 | +15.8% |
Show Product Lines breakouts |
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| Product | 573.9 | 480.5 | +19.4% |
| Service | 1,962.4 | 1,709 | +14.8% |
| Subscription | 1,315 | 1,127.5 | +16.6% |
| Support | 647.4 | 581.5 | +11.3% |
Show Geography breakouts |
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| Americas | 1,731.4 | 1,502.5 | +15.2% |
| Asia Pacific | 289.8 | 255.9 | +13.2% |
| EMEA | 515.1 | 431.1 | +19.5% |
| Other Americas | 114.2 | 92.1 | +24.0% |
| US | 1,617.2 | 1,410.4 | +14.7% |
| Cost of Revenue | 679 | 573.7 | +18.4% |
Show Product Lines breakouts |
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| Product | 136.2 | 104.7 | +30.1% |
| Service | 542.8 | 469 | +15.7% |
| Gross Profit | 1,857.3 | 1,615.8 | +14.9% |
| Research & Development | 503.5 | 494.8 | +1.8% |
| Sales & Marketing | 829.3 | 742.3 | +11.7% |
| General & Administrative | 27.3 | 140.3 | -80.5% |
| Operating Expenses | 1,360.1 | 1,377.4 | -1.3% |
| Operating Income | 497.2 | 238.4 | +108.6% |
| Interest Expense | -0.2 | -0.3 | +33.3% |
| Other Nonoperating Income Expense Net | 94.8 | 80.9 | +17.2% |
| Income Before Taxes | 591.8 | 319 | +85.5% |
| Income Tax Expense (Benefit) | 338 | -38.7 | +973.4% |
| Net Income | 253.8 | 357.7 | -29.0% |
Show Equity Components breakouts |
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| Retained Earnings | 253.8 | 357.7 | -29.0% |
| EPS (Basic) | 0.38 | 0.54 | -29.6% |
| EPS (Diluted) | 0.36 | 0.5 | -28.0% |
| Wtd Avg Shares (Basic) | 3.2 | 3.5 | -8.6% |
| Wtd Avg Shares (Diluted) | 0.7 | -0.1 | +800.0% |
| Other Non-Operating Income (Expense) | 16.2 | 0.5 | +3140.0% |
| Comprehensive Income | 254.2 | 411.5 | -38.2% |
| Other Comprehensive Income | 0.4 | 53.8 | -99.3% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 0.4 | 53.8 | -99.3% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | 9 | 9.5 | -5.3% |
| Foreign Currency Transaction Gain Loss Before Tax | -19.5 | -2.7 | -622.2% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,268.6 | 1,535.2 | +47.8% |
| Short-Term Investments | 634.6 | 1,043.6 | -39.2% |
| Accounts Receivable | 2,965 | 2,618.6 | +13.2% |
| Notes And Loans Receivable Net Current | 714.6 | 725.9 | -1.6% |
| Capitalized Contract Cost Net Current | 419.5 | 369 | +13.7% |
| Prepaid Expenses & Other Current Assets | 520.5 | 557.4 | -6.6% |
| Total Current Assets | 7,522.8 | 6,849.7 | +9.8% |
| Inventory | 113.4 | 115.9 | -2.2% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 387.3 | 361.1 | +7.3% |
| Operating Lease Right-of-Use Assets | 347 | 385.9 | -10.1% |
| Long Term Investments | 5,555.6 | 4,173.2 | +33.1% |
| Notes And Loans Receivable Net Noncurrent | 1,002.3 | 1,182.1 | -15.2% |
| Goodwill | 4,566.6 | 3,350.1 | +36.3% |
| Deferred Tax Assets | 2,424.2 | 2,399 | +1.1% |
| Other Non-Current Assets | 421.8 | 352.9 | +19.5% |
| Total Assets | 23,576.2 | 19,990.9 | +17.9% |
| Intangible Assets | 762.7 | — | — |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 485.8 | 76.6 | +534.2% |
| Developed Technology Rights | 261 | 287.7 | -9.3% |
| Other Intangible Assets | 0.1 | 0.3 | -66.7% |
| Patents | 15.8 | 10.3 | +53.4% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 762.7 | 374.9 | +103.4% |
| Current Liabilities | |||
| Accounts Payable | 232.2 | 116.3 | +99.7% |
| Employee Related Liabilities Current | 607.6 | 554.7 | +9.5% |
| Accrued Liabilities | 846 | 506.7 | +67.0% |
| Deferred Revenue (Current) | 6,302.2 | 5,541.1 | +13.7% |
| Total Current Liabilities | 7,988 | 7,682.7 | +4.0% |
| Non-Current Liabilities | |||
| Contract With Customer Liability Noncurrent | 6,449.7 | 5,939.4 | +8.6% |
| Deferred Tax Liabilities | 89.1 | 387.7 | -77.0% |
| Operating Lease Liabilities | 338.2 | 380.5 | -11.1% |
| Other Non-Current Liabilities | 886.8 | 430.9 | +105.8% |
| Total Liabilities | 15,751.8 | 14,821.2 | +6.3% |
| Stockholders' Equity | |||
| Common Stocks Including Additional Paid In Capital | 5,291.9 | 3,821.1 | +38.5% |
| Accumulated Other Comprehensive Income | 48.4 | -1.6 | +3125.0% |
| Retained Earnings | 2,484.1 | 1,350.2 | +84.0% |
| Total Stockholders' Equity | 7,824.4 | 5,169.7 | +51.4% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 48.4 | -1.6 | +3125.0% |
| Common Stock Including Additional Paid In Capital | 5,291.9 | 3,821.1 | +38.5% |
| Retained Earnings | 2,484.1 | 1,350.2 | +84.0% |
| Total Liabilities & Equity | 23,576.2 | 19,990.9 | +17.9% |
| Capitalized Contract Cost Net Noncurrent | 585.9 | 562 | +4.3% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Stock-Based Compensation | 354.4 | 268.9 | +31.8% |
| Deferred Income Taxes And Tax Credits | 91.6 | -215.4 | +142.5% |
| Depreciation & Amortization | 83.8 | 76.1 | +10.1% |
| Capitalized Contract Cost Amortization | 136.5 | 121.3 | +12.5% |
| Amortization Of Financing Costs And Discounts | 0.1 | 0.6 | -83.3% |
| Operating Lease Right Of Use Asset Amortization Expense | 17.3 | 14.6 | +18.5% |
| Accretion Amortization Of Discounts And Premiums Investments | -5.9 | -13.6 | +56.6% |
| Change in Accounts Receivable | -1,013.9 | -903.2 | -12.3% |
| Increase Decrease In Finance Receivables | 89.3 | -453.2 | +119.7% |
| Increase Decrease In Capitalized Contract Cost | -226.6 | -204.1 | -11.0% |
| Change in Prepaid & Other Assets | 20.5 | -181.3 | +111.3% |
| Change in Accounts Payable | -11.9 | 5.5 | -316.4% |
| Increase Decrease In Employee Related Liabilities | 99.8 | 168.8 | -40.9% |
| Increase Decrease In Accrued Liabilities And Other Operating Liabilities | 112.9 | 157.1 | -28.1% |
| Change in Deferred Revenue | 1,174.7 | 1,312.9 | -10.5% |
| Net Cash from Operations | 1,020.8 | 512.7 | +99.1% |
| Investing Activities | |||
| Payments To Acquire Investments | -874.7 | -1,064.8 | +17.9% |
| Proceeds From Sale Of Available For Sale Securities Debt | 367 | 455.4 | -19.4% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 386.4 | 488.3 | -20.9% |
| Payments To Acquire Businesses Net Of Cash Acquired | -554.9 | 0 | — |
| Payments To Acquire Productive Assets | -86.3 | -47.4 | -82.1% |
| Net Cash from Investing | -762.5 | -168.5 | -352.5% |
| Financing Activities | |||
| Repayments Of Convertible Debt | -383.3 | -199.6 | -92.0% |
Show Debt Instrument breakouts |
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| 2025 Notes | -383.3 | 833.1 | -146.0% |
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | 9.9 | 24.2 | -59.1% |
| Tax Withholding for Share Compensation | -0.7 | -3.9 | +82.1% |
| Net Cash from Financing | -374.1 | -179.3 | -108.6% |
| Amortization of Financing Costs (Q) | — | — | — |
Show Debt Instrument breakouts |
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| 2025 Notes | 0.1 | 0.6 | -83.3% |
| Other Cash Flow | |||
| Net Change in Cash | -115.8 | 164.9 | -170.2% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 2,279.2 | 1,546.8 | +47.3% |
| Restricted Cash | 10.6 | 11.6 | -8.6% |
Values in millions USD. Source: SEC EDGAR 10-K filing.