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Palo Alto Networks revenue

Palo Alto Networks's revenue was $11.48bn in fiscal 2026, up 24.5% on the year before. Since fiscal 2011 ($119m) it has grown at a compound 35.6% a year.

Revenue history

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
Revenue0.10.30.40.60.91.41.82.32.93.44.35.56.98.09.211.5
Growth on the year before—+115.1%+55.3%+51.0%+55.1%+48.5%+27.8%+29.0%+27.6%+17.5%+24.9%+29.3%+25.3%+16.5%+14.9%+24.5%
Gross profit0.10.20.30.40.71.01.31.62.12.43.03.85.06.06.88.1
Gross margin72.8%72.3%72.3%73.3%72.9%73.2%72.6%71.6%72.1%70.7%70.0%68.8%72.3%74.3%73.4%70.4%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to July 31, 2026
Products and services
Line of business Revenue Share YoY
Services $9.2B 80.1% ▲ 24.0%
Subscription $6.2B 67.8% ▲ 25.4%
Support $3B 32.2% ▲ 21.1%
Products $2.3B 19.9% ▲ 26.5%
Geography
Region Revenue Share YoY
Americas $7.7B 66.9% ▲ 23.8%
United States $7.1B 92.6% ▲ 22.8%
Other Americas $571M 7.4% ▲ 36.3%
EMEA $2.4B 21.1% ▲ 26.7%
Asia Pacific $1.4B 12.0% ▲ 24.9%

From Palo Alto Networks's 10-K filed September 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Systems Software: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Palo Alto Networks $11.48bn 24.5% 18.5%
ServiceNow $15.43bn 21.8% 22.1%
Fortinet $7.88bn 20.2% 15.1%
Gen Digital Inc. $5.23bn 16.9% 11.7%
Amdocs LTD $4.53bn -9.4% -0.3%
Pagseguro Digital Ltd. $3.66bn 4.3% —

Compare with peers

Head to head: NOW vs PANWFTNT vs PANWGEN vs PANW

More: Systems Software stocks compared, Technology sector, rankings of US companies

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.