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Palo Alto Networks balance sheet

At the end of fiscal 2026, Palo Alto Networks had total assets of $48.46bn, total liabilities of $20.97bn and shareholders' equity of $27.49bn. It held $2.51bn in cash against $1.77bn of debt: net cash of $740m.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2011Jul 20112012Jul 20122013Jul 20132014Jul 20142015Jul 20152016Jul 20162017Jul 20172018Jul 20182019Jul 20192020Jul 20202021Jul 20212022Jul 20222023Jul 20232024Jul 20242025Jul 20252026Jul 2026
Cash and equivalents0.00.30.30.70.40.70.72.51.03.01.92.11.11.52.32.5
Receivables—0.00.10.10.20.30.40.50.61.01.22.12.52.63.03.6
Inventory—————————————0.10.10.1
Total current assets—0.40.51.01.11.82.04.13.75.14.66.46.06.87.58.6
Goodwill——0.00.20.20.20.20.51.41.82.72.72.93.44.622.0
Total assets—0.40.61.52.02.93.45.96.69.110.212.314.520.023.648.5
Accounts payable—0.00.00.00.00.00.00.00.10.10.10.10.10.10.20.3
Deferred revenue (current)—0.10.20.30.40.71.01.21.62.02.73.64.75.56.37.7
Total current liabilities—0.10.20.31.00.81.22.12.12.75.18.37.77.78.09.9
Long-term debt———0.50.50.50.51.91.43.13.23.72.0———
Total debt0.00.00.00.60.60.60.62.31.73.73.73.72.0—0.01.8
Total liabilities——————————9.512.012.814.815.821.0
Shareholders' equity−0.10.20.30.50.50.90.81.21.61.10.60.21.75.27.827.5
Net debt (negative = net cash)−0.0−0.3−0.3−0.10.2−0.2−0.2−0.20.70.71.81.60.9−1.5−2.3−0.7
Shares outstanding79m—430m477m509m543m549m562m581m578m584m598m—650m668m815m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Palo Alto Networks's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Palo Alto Networks.