# PALO ALTO NETWORKS, INC (PANW) FY2026 Q2 P&L / Income Statement

- Company: PALO ALTO NETWORKS, INC (PANW)
- Period: 2025-11-01 to 2026-01-31
- Filing: Q2 FY2026 10-Q, filed 2026-02-18, accession number 0001327567-26-000005
- Page: https://plicit.ai/financials/panw/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/panw-fy2026-q2-income-statement-sankey.png

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

Income statement for 2025-11-01 through 2026-01-31. View: Product and service (3 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenue**: 2,594,000,000 US dollars
- **Total cost of revenue**: 685,000,000 US dollars
- **Total gross profit**: 1,909,000,000 US dollars
- **Total operating expenses**: 1,512,000,000 US dollars
- **Operating income**: 397,000,000 US dollars
- **Other income (expense), net (calculated)**: 152,000,000 US dollars
- **Income before income taxes**: 549,000,000 US dollars
- **Provision for income taxes**: 117,000,000 US dollars
- **Net income**: 432,000,000 US dollars
- **Product**: 514,000,000 US dollars
- **Subscription**: 1,404,000,000 US dollars
- **Support**: 676,000,000 US dollars
- **Research and development**: 511,000,000 US dollars
- **Sales and marketing**: 823,000,000 US dollars
- **General and administrative**: 178,000,000 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-q2-income-statement/revenue-by-product-and-service-2-categories
- Chart image: https://plicit.ai/charts/panw-fy2026-q2-revenue-by-product-and-service-2-categories-sankey.png

Income statement for 2025-11-01 through 2026-01-31. View: Product and service (2 categories). Revenue and costs use their disclosed categories.

- **Total revenue**: 2,594,000,000 US dollars
- **Total cost of revenue**: 685,000,000 US dollars
- **Total gross profit**: 1,909,000,000 US dollars
- **Total operating expenses**: 1,512,000,000 US dollars
- **Operating income**: 397,000,000 US dollars
- **Other income (expense), net (calculated)**: 152,000,000 US dollars
- **Income before income taxes**: 549,000,000 US dollars
- **Provision for income taxes**: 117,000,000 US dollars
- **Net income**: 432,000,000 US dollars
- **Product revenue**: 514,000,000 US dollars
- **Subscription and support revenue**: 2,080,000,000 US dollars
- **Product cost of revenue**: 115,000,000 US dollars
- **Subscription and support cost of revenue**: 570,000,000 US dollars
- **Research and development**: 511,000,000 US dollars
- **Sales and marketing**: 823,000,000 US dollars
- **General and administrative**: 178,000,000 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-q2-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/panw-fy2026-q2-revenue-by-geography-sankey.png

Income statement for 2025-11-01 through 2026-01-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenue**: 2,594,000,000 US dollars
- **Total cost of revenue**: 685,000,000 US dollars
- **Total gross profit**: 1,909,000,000 US dollars
- **Total operating expenses**: 1,512,000,000 US dollars
- **Operating income**: 397,000,000 US dollars
- **Other income (expense), net (calculated)**: 152,000,000 US dollars
- **Income before income taxes**: 549,000,000 US dollars
- **Provision for income taxes**: 117,000,000 US dollars
- **Net income**: 432,000,000 US dollars
- **UNITED STATES**: 1,588,000,000 US dollars
- **Other Americas**: 124,000,000 US dollars
- **Europe, the Middle East, and Africa (“EMEA”)**: 560,000,000 US dollars
- **Asia Pacific and Japan (“APAC”)**: 322,000,000 US dollars
- **Research and development**: 511,000,000 US dollars
- **Sales and marketing**: 823,000,000 US dollars
- **General and administrative**: 178,000,000 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.