Palo Alto Networks's Income Statement Analysis: Revenue to Profit Breakdown
Palo Alto Networks's Income Statement Analysis: Revenue to Profit Breakdown
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FY22
Jul 31, 2022
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FY23
Jul 31, 2023
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FY24
Jul 31, 2024
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FY25
Jul 31, 2025
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FY26
Jul 31, 2026
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$5.50 B | $6.89 B | $8.03 B | $9.22 B | $11.48 B | $11.48 B |
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Cost of Revenue Direct cost of goods/services. |
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$1.72 B | $1.91 B | $2.06 B | $2.45 B | $3.40 B | $3.40 B |
Gross Profit Revenue minus cost of revenue. |
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$3.78 B | $4.98 B | $5.97 B | $6.77 B | $8.08 B | $8.08 B |
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Operating Expense
Costs to run business. |
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$3.97 B | $4.60 B | $5.28 B | $5.53 B | $7.38 B | $7.38 B |
Research and Development Investment in innovation. |
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$1.42 B | $1.60 B | $1.81 B | $1.98 B | $2.55 B | $2.55 B |
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Sales, General and Administrative
Selling and admin costs. |
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$2.55 B | $2.99 B | $3.48 B | $3.54 B | $4.83 B | $4.83 B |
General and Administrative Corporate overhead costs. |
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$405.00 M | $447.70 M | $680.50 M | $442.70 M | $899.00 M | $899.00 M |
Sales and Marketing Customer acquisition costs. |
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$2.15 B | $2.54 B | $2.79 B | $3.10 B | $3.93 B | $3.93 B |
Other Expenses Other operating costs. |
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- | - | - | - | - | - |
Operating Income Profit from operations. |
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-$188.80 M | $387.30 M | $683.90 M | $1.24 B | $695.00 M | $695.00 M |
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Net Interest Income
Interest income minus expense. |
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-$11.80 M | $197.20 M | $309.60 M | $360.50 M | - | - |
Interest Income Income from investments. |
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$15.60 M | $224.40 M | $317.90 M | $363.50 M | - | - |
Interest Expense Cost of borrowing. |
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$27.40 M | $27.20 M | $8.30 M | $3.00 M | - | - |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$1.80 M | -$199.50 M | -$309.20 M | -$354.70 M | $159.00 M | $159.00 M |
Total Other Income (Net) Net non-operating items. |
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-$18.40 M | $179.00 M | $304.40 M | $352.80 M | -$159.00 M | -$159.00 M |
Income Before Tax Profit before taxes. |
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-$207.20 M | $566.30 M | $988.30 M | $1.60 B | $536.00 M | $536.00 M |
Income Tax Expense Taxes on income. |
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$59.80 M | $126.60 M | -$1.59 B | $461.80 M | $229.00 M | $229.00 M |
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Net Income
Final profit. |
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-$267.00 M | $439.70 M | $2.58 B | $1.13 B | $307.00 M | $307.00 M |
Net Income From Continuing Operations Profit from core business. |
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-$267.00 M | $439.70 M | $2.58 B | $1.13 B | $307.00 M | $307.00 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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-$0.45 | $0.73 | $4.04 | $1.71 | $0.46 | $0.46 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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-$0.45 | $0.64 | $3.64 | $1.60 | $0.44 | $0.44 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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591.00 M | 606.40 M | 638.40 M | 662.50 M | 749.00 M | 749.00 M |
Diluted Average Shares Outst. Shares including dilution. |
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591.00 M | 684.60 M | 708.00 M | 709.30 M | 764.00 M | 764.00 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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-$187.00 M | $586.80 M | $993.10 M | $1.60 B | $536.00 M | $536.00 M |
EBITDA Earnings before interest, tax, D&A. |
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$95.60 M | $869.00 M | $1.28 B | $1.94 B | $536.00 M | $1.54 B |
Depreciation and Amortization Non-cash expense for assets. |
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$282.60 M | $282.20 M | $283.30 M | $343.40 M | - | $1.00 B |
| Company Report |
Palo Alto Networks's Assets vs Liabilities & Equity
Palo Alto Networks's Assets vs Liabilities & Equity
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Data sources and methodology
| Last updated | Jul 31, 2026 |
| Latest financial periods ended |
Quarterly: Q4 FY2026 (July 31, 2026) Annual: FY 2026 (July 31, 2026) |
| Data provided by | Financial Modeling Prep |
| Original source | Company Forms 10-Q and 10-K filed with the SEC |
| Methodology | Company-reported financial statements and calculated financial ratios |
| Limitations | Historical values may change because of company restatements, reclassifications, or provider updates |
| Links | View source filings |




