Palo Alto Networks Inc
For the period ended Jul 31, 2026. Filed Sep 10, 2026.
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FY2026 · Filed Sep 10, 2026
PANW$330.89+5.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except per share data) | |||
|---|---|---|---|
| Year Ended July 31, | |||
| 2026 | 2025 | 2024 | |
| Revenue: | |||
| Product | $2,280 | $1,802 | $1,603 |
| Subscription and support | 9,200 | 7,419 | 6,424 |
| Total revenue | 11,480 | 9,221 | 8,027 |
| Cost of revenue: | |||
| Product | 568 | 413 | 348 |
| Subscription and support | 2,835 | 2,038 | 1,711 |
| Total cost of revenue | 3,403 | 2,451 | 2,059 |
| Total gross profit | 8,077 | 6,770 | 5,968 |
| Operating expenses: | |||
| Research and development | 2,552 | 1,984 | 1,810 |
| Sales and marketing | 3,931 | 3,100 | 2,794 |
| General and administrative | 899 | 443 | 680 |
| Total operating expenses | 7,382 | 5,527 | 5,284 |
| Operating income | 695 | 1,243 | 684 |
| Other income (expense), net | (159) | 353 | 304 |
| Income before income taxes | 536 | 1,596 | 988 |
| Provision for (benefit from) income taxes | 229 | 462 | (1,590) |
| Net income | $307 | $1,134 | $2,578 |
| Net income per share, basic | $0.41 | $1.71 | $4.04 |
| Net income per share, diluted | $0.40 | $1.60 | $3.64 |
| Weighted-average shares used to compute net income per share, basic | 749 | 663 | 638 |
| Weighted-average shares used to compute net income per share, diluted | 764 | 709 | 708 |
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