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Palo Alto Networks cash flow statement

In fiscal 2026, Palo Alto Networks's operations generated $4.55bn of cash; it spent $440m on capital projects, leaving free cash flow of $4.11bn. It returned $1.00bn through buybacks.

Cash flow statement

US$ millions 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 from operations3277115883536598691,0381,0561,0361,5031,9852,7783,2583,7164,553
Depreciation and amortisation26101929436096154206260283282284343855
Stock-based pay514441002213934754975686588951,0111,0751,0761,2951,774
Capital spending131522363473163112131214116193146157247440
Free cash flow196392523195867059269248211,3871,7922,6313,1013,4694,113
Free cash flow after stock pay144948−48981932314293571634937811,5572,0252,1742,339
Share buybacks0000004112593301,1981,17889227356701,000

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.