# Palo Alto Networks Inc. (PANW)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $197.02B  
**Price:** $277.76 (+5.53%)

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $9.22B | $6.77B | $1.24B | $1.13B | $1.60 |
| 2024 | $8.03B | $5.97B | $684M | $2.58B | $3.64 |
| 2023 | $6.89B | $4.98B | $387M | $440M | $0.64 |
| 2022 | $5.50B | $3.78B | -$189M | -$267M | $-0.90 |
| 2021 | $4.26B | $2.98B | -$304M | -$499M | $-1.73 |
| 2020 | $3.41B | $2.41B | -$179M | -$267M | $-2.76 |
| 2019 | $2.90B | $2.09B | -$54M | -$82M | $-0.87 |
| 2018 | $2.27B | $1.63B | -$104M | -$122M | — |
| 2017 | $1.76B | $1.28B | -$166M | -$203M | — |
| 2016 | $1.38B | $1.01B | -$157M | -$193M | — |
| 2015 | $928M | $677M | -$100M | -$131M | — |
| 2014 | $598M | $439M | -$215M | -$227M | — |
| 2013 | $396M | $286M | -$19M | -$29M | — |
| 2012 | $255M | $185M | $4M | $737,000 | — |
| 2011 | $119M | $86M | -$10M | -$13M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $23.58B | $15.75B | $7.82B | $2.27B | — |
| 2024 | $19.99B | $14.82B | $5.17B | $1.54B | — |
| 2023 | $14.50B | $12.75B | $1.75B | $1.14B | $1.99B |
| 2022 | $12.25B | $12.04B | $210M | $2.12B | $3.68B |
| 2021 | $10.24B | $9.48B | $635M | $1.87B | $3.23B |
| 2020 | $9.07B | $7.96B | $1.10B | $2.96B | $3.08B |
| 2019 | $6.59B | $5.01B | $1.59B | $961M | $1.43B |
| 2018 | $5.95B | $4.79B | $1.16B | $2.51B | $1.92B |
| 2017 | $3.44B | $2.68B | $760M | $744M | $525M |
| 2016 | $2.86B | $1.96B | $895M | $734M | $500M |
| 2015 | $1.97B | $1.48B | $488M | $376M | $487M |
| 2014 | $1.48B | $1.01B | $469M | $654M | $467M |
| 2013 | $586M | $313M | $272M | $311M | — |
| 2012 | $408M | $179M | $229M | $323M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $3.72B | — | — |
| 2024 | $3.26B | — | — |
| 2023 | $2.78B | — | — |
| 2022 | $1.98B | — | — |
| 2021 | $1.50B | — | — |
| 2020 | $1.04B | — | — |
| 2019 | $1.06B | — | — |
| 2018 | $1.04B | — | — |
| 2017 | $869M | — | — |
| 2016 | $659M | — | — |
| 2015 | $353M | — | — |
| 2014 | $88M | — | — |
| 2013 | $115M | — | — |
| 2012 | $77M | — | — |
| 2011 | $32M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/PANW)