# Palo Alto Networks, Inc (PANW) FY2026 Annual P&L / Income Statement

- Company: Palo Alto Networks, Inc (PANW)
- Period: 2025-08-01 to 2026-07-31
- Filing: FY2026 10-K, filed 2026-09-10, accession number 0001327567-26-000023
- Page: https://plicit.ai/financials/panw/fy2026-annual-income-statement
- Chart image: https://plicit.ai/charts/panw-fy2026-annual-income-statement-sankey.png

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

Income statement for 2025-08-01 through 2026-07-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 11,480,000,000 US dollars
- **Cost of revenue**: 3,403,000,000 US dollars
- **Total gross profit**: 8,077,000,000 US dollars
- **Total operating expenses**: 7,382,000,000 US dollars
- **Operating income**: 695,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 159,000,000 US dollars
- **Income before income taxes**: 536,000,000 US dollars
- **Provision for (benefit from) income taxes**: 229,000,000 US dollars
- **Net income**: 307,000,000 US dollars
- **Product**: 2,280,000,000 US dollars
- **Subscription**: 6,239,000,000 US dollars
- **Support**: 2,961,000,000 US dollars
- **Research and development**: 2,552,000,000 US dollars
- **Sales and marketing**: 3,931,000,000 US dollars
- **General and administrative**: 899,000,000 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/fy2026-annual-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/panw-fy2026-annual-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2025-08-01 through 2026-07-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Revenue**: 11,480,000,000 US dollars
- **Cost of revenue**: 3,403,000,000 US dollars
- **Total gross profit**: 8,077,000,000 US dollars
- **Total operating expenses**: 7,382,000,000 US dollars
- **Operating income**: 695,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 159,000,000 US dollars
- **Income before income taxes**: 536,000,000 US dollars
- **Provision for (benefit from) income taxes**: 229,000,000 US dollars
- **Net income**: 307,000,000 US dollars
- **Product revenue**: 2,280,000,000 US dollars
- **Subscription and support revenue**: 9,200,000,000 US dollars
- **Product cost of revenue**: 568,000,000 US dollars
- **Subscription and support cost of revenue**: 2,835,000,000 US dollars
- **Research and development**: 2,552,000,000 US dollars
- **Sales and marketing**: 3,931,000,000 US dollars
- **General and administrative**: 899,000,000 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/fy2026-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/panw-fy2026-annual-revenue-by-geography-sankey.png

Income statement for 2025-08-01 through 2026-07-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 11,480,000,000 US dollars
- **Cost of revenue**: 3,403,000,000 US dollars
- **Total gross profit**: 8,077,000,000 US dollars
- **Total operating expenses**: 7,382,000,000 US dollars
- **Operating income**: 695,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 159,000,000 US dollars
- **Income before income taxes**: 536,000,000 US dollars
- **Provision for (benefit from) income taxes**: 229,000,000 US dollars
- **Net income**: 307,000,000 US dollars
- **UNITED STATES**: 7,108,000,000 US dollars
- **Other Americas**: 571,000,000 US dollars
- **Europe, the Middle East, and Africa (“EMEA”)**: 2,428,000,000 US dollars
- **Asia Pacific and Japan (“APAC”)**: 1,373,000,000 US dollars
- **Research and development**: 2,552,000,000 US dollars
- **Sales and marketing**: 3,931,000,000 US dollars
- **General and administrative**: 899,000,000 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.