Palo Alto Networks Inc

PANW 10-Q · Q2 2026

PANW Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 2,594 2,257 +14.9%
Show Product Lines breakouts
Product 514 421 +22.1%
Service 2,080 1,836 +13.3%
Subscription 1,404 1,233 +13.9%
Support 676 603 +12.1%
Show Geography breakouts
Americas 1,712 1,502 +14.0%
Asia Pacific 322 275 +17.1%
EMEA 560 480 +16.7%
Other Americas 124 102 +21.6%
US 1,588 1,400 +13.4%
Cost of Revenue 685 599 +14.4%
Show Product Lines breakouts
Product 115 101 +13.9%
Service 570 498 +14.5%
Gross Profit 1,909 1,658 +15.1%
Research & Development 511 505 +1.2%
Sales & Marketing 823 758 +8.6%
General & Administrative 178 154 +15.6%
Operating Expenses 1,512 1,417 +6.7%
Operating Income 397 241 +64.7%
Other Nonoperating Income Expense Net 152 85 +78.8%
Income Before Taxes 549 325 +68.9%
Income Tax Expense (Benefit) 117 58 +101.7%
Net Income 432 267 +61.8%
Show Equity Components breakouts
Retained Earnings 432 267 +61.8%
EPS (Basic) 0.61 0.41 +48.8%
EPS (Diluted) 0.61 0.38 +60.5%
Wtd Avg Shares (Basic) 704 659 +6.8%
Wtd Avg Shares (Diluted) 711 709 +0.3%
Other Non-Operating Income (Expense) 59 -4 +1575.0%
Comprehensive Income 411 257 +59.9%
Other Comprehensive Income -21 -10 -110.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -21 -10 -110.0%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 16 -9 +277.8%
Foreign Currency Transaction Gain Loss Before Tax -16 2 -900.0%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 4,158 2,226 +86.8%
Short-Term Investments 378 1,006.6 -62.4%
Accounts Receivable 2,116 1,495.5 +41.5%
Notes And Loans Receivable Net Current 672 754.9 -11.0%
Capitalized Contract Cost Net Current 424 376.1 +12.7%
Prepaid Expenses & Other Current Assets 621 480.4 +29.3%
Total Current Assets 8,369 6,339.8 +32.0%
Non-Current Assets
Property, Plant & Equipment 485 358.2 +35.4%
Operating Lease Right-of-Use Assets 368 372.9 -1.3%
Long Term Investments 3,362 4,559.8 -26.3%
Notes And Loans Receivable Net Noncurrent 870 1,163.8 -25.2%
Capitalized Contract Cost Net Noncurrent 526 523.4 +0.5%
Goodwill 6,931
Deferred Tax Assets 2,392 2,446.9 -2.2%
Other Non-Current Assets 427 364.7 +17.1%
Total Assets 24,979 20,951.7 +19.2%
Intangible Assets 1,249
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 713
Developed Technology Rights 512
Patents 14
Trademarks And Trade Names 10
Other Assets
Intangible Assets Net Excluding Goodwill 1,249
Current Liabilities
Accounts Payable 262 149.3 +75.5%
Employee Related Liabilities Current 562 491.6 +14.3%
Accrued Liabilities 937 777.6 +20.5%
Deferred Revenue (Current) 6,248 5,599.9 +11.6%
Total Current Liabilities 8,009 7,552.2 +6.0%
Non-Current Liabilities
Contract With Customer Liability Noncurrent 6,181 5,662.5 +9.2%
Deferred Tax Liabilities 75 116.1 -35.4%
Operating Lease Liabilities 372 363 +2.5%
Other Non-Current Liabilities 949 882.6 +7.5%
Total Liabilities 15,586 14,576.4 +6.9%
Stockholders' Equity
Common Stocks Including Additional Paid In Capital 6,097 4,421 +37.9%
Accumulated Other Comprehensive Income 46 -13.9 +430.9%
Retained Earnings 3,250 1,968.2 +65.1%
Total Stockholders' Equity 9,393 6,375 +47.3%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 46 -14 +428.6%
Common Stock Including Additional Paid In Capital 6,097 4,421 +37.9%
Retained Earnings 3,250 1,968 +65.1%
Total Liabilities & Equity 24,979 20,951.7 +19.2%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Stock-Based Compensation 671 615 +9.1%
Deferred Income Taxes And Tax Credits 14 -317 +104.4%
Depreciation & Amortization 180 171 +5.3%
Capitalized Contract Cost Amortization 261 225 +16.0%
Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 -10 16 -162.5%
Operating Lease Right Of Use Asset Amortization Expense 35 32 +9.4%
Accretion Amortization Of Discounts And Premiums Investments -52 -26 -100.0%
Change in Accounts Receivable 864 1,123 -23.1%
Increase Decrease In Finance Receivables 175 -11 +1690.9%
Increase Decrease In Capitalized Contract Cost -206 -193 -6.7%
Change in Prepaid & Other Assets -45 89 -150.6%
Change in Accounts Payable 40 33 +21.2%
Increase Decrease In Employee Related Liabilities -47 -63 +25.4%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities 23 1 +2200.0%
Change in Deferred Revenue -344 -247 -39.3%
Net Cash from Operations 2,325 2,067 +12.5%
Investing Activities
Payments To Acquire Investments -1,925 -1,732 -11.1%
Proceeds From Sale Of Available For Sale Securities Debt 2,816 645 +336.6%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 1,609 753 +113.7%
Payments To Acquire Businesses Net Of Cash Acquired -2,578 -499 -416.6%
Payments To Acquire Productive Assets -254 -92 -176.1%
Show Geography breakouts
Santa Clara, California -91
Net Cash from Investing -332 -925 +64.1%
Business Combination Consideration Transferred Equity Interests Issued And Issuable -109
Financing Activities
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 138 158 -12.7%
Tax Withholding for Share Compensation -109 -178 +38.8%
Payment For Contingent Consideration Liability Financing Activities -135
Net Cash from Financing -106 -452 +76.5%
Supplemental
Restricted Cash Current 4 11 -63.6%
Restricted Cash Noncurrent 4
Other Cash Flow
Net Change in Cash 1,887 690 +173.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 4,166 2,237 +86.2%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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