# Palo Alto Networks, Inc (PANW) FY2025 Annual P&L / Income Statement

- Company: Palo Alto Networks, Inc (PANW)
- Period: 2024-08-01 to 2025-07-31
- Filing: FY2025 10-K, filed 2025-08-29, accession number 0001327567-25-000027
- Page: https://plicit.ai/financials/panw/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/panw-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service (3 categories)

Income statement for 2024-08-01 through 2025-07-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 9,221,500,000 US dollars
- **Cost of revenue**: 2,451,600,000 US dollars
- **Total gross profit**: 6,769,900,000 US dollars
- **Total operating expenses**: 5,527,000,000 US dollars
- **Operating income**: 1,242,900,000 US dollars
- **Other income (expense), net (calculated)**: 352,800,000 US dollars
- **Income before income taxes**: 1,595,700,000 US dollars
- **Provision for (benefit from) income taxes**: 461,800,000 US dollars
- **Net income**: 1,133,900,000 US dollars
- **Product**: 1,801,900,000 US dollars
- **Subscription**: 4,974,400,000 US dollars
- **Support**: 2,445,200,000 US dollars
- **Research and development**: 1,984,100,000 US dollars
- **Sales and marketing**: 3,100,200,000 US dollars
- **General and administrative**: 442,700,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Product and Service (2 categories)

- Page: https://plicit.ai/financials/panw/fy2025-annual-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/panw-fy2025-annual-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2024-08-01 through 2025-07-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Revenue**: 9,221,500,000 US dollars
- **Cost of revenue**: 2,451,600,000 US dollars
- **Total gross profit**: 6,769,900,000 US dollars
- **Total operating expenses**: 5,527,000,000 US dollars
- **Operating income**: 1,242,900,000 US dollars
- **Other income (expense), net (calculated)**: 352,800,000 US dollars
- **Income before income taxes**: 1,595,700,000 US dollars
- **Provision for (benefit from) income taxes**: 461,800,000 US dollars
- **Net income**: 1,133,900,000 US dollars
- **Product revenue**: 1,801,900,000 US dollars
- **Subscription and support revenue**: 7,419,600,000 US dollars
- **Product cost of revenue**: 413,200,000 US dollars
- **Subscription and support cost of revenue**: 2,038,400,000 US dollars
- **Research and development**: 1,984,100,000 US dollars
- **Sales and marketing**: 3,100,200,000 US dollars
- **General and administrative**: 442,700,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/panw/fy2025-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/panw-fy2025-annual-revenue-by-geography-sankey.png

Income statement for 2024-08-01 through 2025-07-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 9,221,500,000 US dollars
- **Cost of revenue**: 2,451,600,000 US dollars
- **Total gross profit**: 6,769,900,000 US dollars
- **Total operating expenses**: 5,527,000,000 US dollars
- **Operating income**: 1,242,900,000 US dollars
- **Other income (expense), net (calculated)**: 352,800,000 US dollars
- **Income before income taxes**: 1,595,700,000 US dollars
- **Provision for (benefit from) income taxes**: 461,800,000 US dollars
- **Net income**: 1,133,900,000 US dollars
- **UNITED STATES**: 5,786,200,000 US dollars
- **Other Americas**: 418,900,000 US dollars
- **Europe, the Middle East, and Africa (“EMEA”)**: 1,917,400,000 US dollars
- **Asia Pacific and Japan (“APAC”)**: 1,099,000,000 US dollars
- **Research and development**: 1,984,100,000 US dollars
- **Sales and marketing**: 3,100,200,000 US dollars
- **General and administrative**: 442,700,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.