The table below shows Palo Alto Networks Inc's income statement by quarter, as reported in the company's quarterly filings. All figures are in US dollars; negative values appear in red.
Line item
Q4 2025
Q3 2025
Q1 2025
Q4 2024
Q3 2024
Q1 2024
Revenue
$2.59B
$2.47B
$2.29B
$2.26B
$2.14B
$1.98B
Cost of revenue
$685.00M
$638.00M
$619.30M
$599.00M
$554.00M
$513.60M
Gross profit
$1.91B
$1.84B
$1.67B
$1.66B
$1.58B
$1.47B
R&D
$511.00M
$528.00M
$494.50M
$505.00M
$481.00M
$457.20M
PANW annual revenue (10-K history)
Palo Alto Networks Inc reported annual revenue of $9.22B for fiscal year 2025. That is up 14.9% from $8.03B in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $1.38B (FY 2016) to $9.22B. Figures come from the company's audited annual reports as filed with the SEC.
