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    Palo Alto Networks
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    Revenue breakdown by Products & Services
    Revenue breakdown by Geography

    Palo Alto Networks's Revenue by Segment

    In fiscal year 2024, Palo Alto Networks's revenue by segment (products & services) are as follows:

    • Product: $1.60B
    • Service: $6.42B
    • Subscription: $4.19B
    • Support: $2.24B

    Learn more about Palo Alto Networks’s Revenue by Geography

    Check out competitors to Palo Alto Networks in a side-by-side comparison.

    Explore additional financial metrics for Palo Alto Networks.

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    The above chart shows Palo Alto Networks's revenue percentage share by segment (products and services).

    In fiscal year 2022, Palo Alto Networks's revenue by segment is as follows:

    • Product generated $1.36B in revenue, representing 14.14% of its total revenue.
    • Service generated $4.14B in revenue, representing 42.93% of its total revenue.
    • Subscription generated $2.54B in revenue, representing 26.34% of its total revenue.
    • Support generated $1.60B in revenue, representing 16.59% of its total revenue.

    The biggest segment for Palo Alto Networks is the Service, which represents 42.93% of its total revenue.
    The smallest segment for Palo Alto Networks is the Product, which represents 14.14% of its total revenue.

    The above chart shows Palo Alto Networks's revenue percentage share by segment (products and services).

    In fiscal year 2023, Palo Alto Networks's revenue by segment is as follows:

    • Product generated $1.58B in revenue, representing 22.9% of its total revenue.
    • Service generated $5.31B in revenue, representing 77.1% of its total revenue.

    The biggest segment for Palo Alto Networks is the Service, which represents 77.1% of its total revenue.
    The smallest segment for Palo Alto Networks is the Product, which represents 22.9% of its total revenue.

    The above chart shows Palo Alto Networks's revenue percentage share by segment (products and services).

    In fiscal year 2024, Palo Alto Networks's revenue by segment is as follows:

    • Product generated $1.60B in revenue, representing 11.09% of its total revenue.
    • Service generated $6.42B in revenue, representing 44.45% of its total revenue.
    • Subscription generated $4.19B in revenue, representing 28.98% of its total revenue.
    • Support generated $2.24B in revenue, representing 15.47% of its total revenue.

    The biggest segment for Palo Alto Networks is the Service, which represents 44.45% of its total revenue.
    The smallest segment for Palo Alto Networks is the Product, which represents 11.09% of its total revenue.
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    Summary Table

    Products & Services (Percent Share) 2022 2023 2024
    Product 14.14% 22.9% 11.09%
    Service 42.93% 77.1% 44.45%
    Subscription 26.34% - 28.98%
    Support 16.59% - 15.47%
    Total Revenue 100% 100% 100%

    The above chart shows the revenue trend of different segments of Palo Alto Networks.

    In fiscal year 2024, the Service generated the most revenue ($6.42B), and the Product generated the least revenue ($1.60B).

    The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Product revenue increased 1.58% ($24.90M) from $1.58B (in 2023) to $1.60B (in 2024).
  • Service revenue increased 20.89% ($1.11B) from $5.31B (in 2023) to $6.42B (in 2024).
  • Subscription revenue increased 100% ($4.19B) from $0.00 (in 2023) to $4.19B (in 2024).
  • Support revenue increased 100% ($2.24B) from $0.00 (in 2023) to $2.24B (in 2024).
    • Continue reading...

    Summary Table

    Products & Services 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    Product $1.36B - $1.58B
    15.79%
    		$1.60B
    1.58%
    Service $4.14B - $5.31B
    28.41%
    		$6.42B
    20.89%
    Subscription $2.54B - - - $4.19B -
    Support $1.60B - - - $2.24B -
    Total Revenue $9.64B - $6.89B
    28.50%
    		$14.45B
    109.67%

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