Palo Alto Networks Inc (PANW) Financial Statement Analysis

2026-02-01 to 2026-04-30

Palo Alto Networks Inc (PANW) Income Statement (Sankey)

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SourcesRevenueGrossOperatingPre-taxNet+ Treasury & other+$27.0MAs filed pretax minus operating profitTotal Revenue$3B+31% YoYGross Profit$2.03B67.6% MarginOperating Profit-$183M-6.1% MarginPre-Tax Income-$156M-5.2% MarginGAAP Net Profit-$177M-5.9% MarginOperating Expenses$2.21B73.7% of RevSubscription$1.63B+32% YoYTax Provision$21.0M-13.5% Effective TaxSales and Marketing$1.16B38.7% of RevSupport$776M+29% YoYCost of Revenue$974M32.4% of RevResearch and Development$734M24.5% of RevProduct$594M+31% YoYGeneral and Administrative$316M10.5% of Rev
Bar height is dollars. Insights will appear only after the financial statement has been analyzed.
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Gross margin

67.6%

Gross profit / revenue

Operating margin

-6.1%

Operating profit / revenue

Cash conversion

$871M

Operating cash; GAAP loss so conversion % is omitted

Notes

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