SuperworthPalo Alto Networks profit margin PANW
Gross, operating and net profit as a share of revenue over the last twelve months, from 2012.
- Net margin, 12 months
- 2.7%
- Operating margin, 12 months
- 6.1%
- Net margin on a year earlier
- −9.6 pts
- Peer median
- 10.5%
Over the twelve months to Jul 31, 2026, Palo Alto Networks kept 2.7% of its revenue as net profit, with an operating margin of 6.1% and a gross margin of 70.4%.
Five years earlier its net margin was −11.7%.
The median for 10 infrastructure software stocks of a similar size is 10.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 2.7% | 6.1% | 70.4% |
| FY2025 | 12.3% | 13.5% | 73.4% |
| FY2024 | 32.1% | 8.5% | 74.3% |
| FY2023 | 6.4% | 5.6% | 72.3% |
| FY2022 | −4.9% | −3.4% | 68.8% |
| FY2021 | −11.7% | −7.1% | 70.0% |
| FY2020 | −7.8% | −5.3% | 70.7% |
| FY2019 | −2.8% | −1.9% | 72.1% |
| FY2018 | −5.4% | −4.6% | 71.6% |
| FY2017 | −12.3% | −10.2% | 72.9% |
| FY2016 | −14.0% | −11.4% | 73.2% |
| FY2015 | −17.8% | −14.4% | 72.9% |
| FY2014 | −37.9% | −36.0% | 73.3% |
| FY2013 | −7.4% | −4.7% | 72.3% |
| FY2012 | 0.3% | 1.5% | 72.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q4 FY26 | 2.7% | −9.6 pts | 6.1% | |
| Q3 FY26 | 7.9% | −6.0 pts | 9.6% | |
| Q2 FY26 | 13.0% | −1.7 pts | 14.4% | |
| Q1 FY26 | 11.7% | −21.3 pts | 13.2% | |
| Q4 FY25 | 12.3% | −19.8 pts | 13.5% | |
| Q3 FY25 | 13.9% | −17.5 pts | 11.1% | |
| Q2 FY25 | 14.6% | −15.6 pts | 11.0% | |
| Q1 FY25 | 33.0% | +24.5 pts | 9.1% | |
| Q4 FY24 | 32.1% | +25.7 pts | 8.5% | |
| Q3 FY24 | 31.4% | +28.1 pts | 9.0% | |
| Q2 FY24 | 30.2% | +29.7 pts | 8.0% | |
| Q1 FY24 | 8.5% | +11.0 pts | 8.1% |
Against its peers
Companies in Software - Infrastructure nearest Palo Alto Networks' size, closest first, today.
| Company | Profit margin |
|---|---|
| PANWPalo Alto Networks | 2.7% |
| CRWDCrowdStrike | 0.8% |
| ORCLOracle | 26.4% |
| PLTRPalantir Technologies | 49.0% |
| FTNTFortinet | 28.2% |
| NETCloudflare | −8.2% |
| SNPSSynopsys | 11.4% |
| XYZBlock | 1.4% |
| ZSZscaler | −1.9% |
| TWLOTwilio | 20.6% |
| OKTAOkta | 9.6% |
| Peer median | 10.5% |
Where Palo Alto Networks ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Palo Alto Networks
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.