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

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

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.