Palo Alto Networks Inc

For the period ended Jul 31, 2024. Filed Sep 6, 2024.

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FY2024 · Filed Sep 6, 2024

PANW$330.89+5.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per share data)
	Year Ended July 31,
	2024	2023	2022
Revenue:
Product	$1,603.3	$1,578.4	$1,363.1
Subscription and support	6,424.2	5,314.3	4,138.4
Total revenue	8,027.5	6,892.7	5,501.5
Cost of revenue:
Product	348.2	418.3	455.5
Subscription and support	1,711.0	1,491.4	1,263.2
Total cost of revenue	2,059.2	1,909.7	1,718.7
Total gross profit	5,968.3	4,983.0	3,782.8
Operating expenses:
Research and development	1,809.4	1,604.0	1,417.7
Sales and marketing	2,794.5	2,544.0	2,148.9
General and administrative	680.5	447.7	405.0
Total operating expenses	5,284.4	4,595.7	3,971.6
Operating income (loss)	683.9	387.3	(188.8)
Interest expense	(8.3)	(27.2)	(27.4)
Other income, net	312.7	206.2	9.0
Income (loss) before income taxes	988.3	566.3	(207.2)
Provision for (benefit from) income taxes	(1,589.3)	126.6	59.8
Net income (loss)	$2,577.6	$439.7	$(267.0)
Net income (loss) per share, basic	$8.07	$1.45	$(0.90)
Net income (loss) per share, diluted	$7.28	$1.28	$(0.90)
Weighted-average shares used to compute net income (loss) per share, basic	319.2	303.2	295.6
Weighted-average shares used to compute net income (loss) per share, diluted	354.0	342.3	295.6

ContentsView on SEC.gov

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