Money League
← All earnings
PANW · Q4 FY2026 (May-Jul 2026)

Palo Alto Networks Q4 FY2026
Out of every $100 in sales, $5 was operating profit

Next earnings: Wed, Nov 18 (expected)
Revenue
$3.4B
+34% vs. a year ago
Operating income
$0.2B
-65% vs. a year ago
Net income
−$0.3B
-211% vs. a year ago
Operating margin
5.0%
20% → 5.0%

Where every $100 of sales went

Per $100 of sales
Revenue
$100
$3.4B
−Cost of revenue
−$32
$1.1B
Gross profit
$68
$2.3B
−R&D
−$23
$0.8B
−Sales & marketing
−$33
$1.1B
−G&A
−$6.6
$0.2B
Operating income
$5
$0.2B
−Taxes & non-operating items
−$13
$0.5B
Net income
$-8.3
−$0.3B

Last 8 quarters: revenue and operating income

13%FY25 Q111%FY25 Q210%FY25 Q320%FY25 Q412%FY26 Q115%FY26 Q2-6%FY26 Q35%FY26 Q4

Quarter by quarter

QuarterRevenueOperating incomeOperating marginNet income
Q4 FY2026 (May-Jul 2026)$3.4B$0.2B5.0%−$0.3B
Q3 FY2026 (Feb-Apr 2026)$3.0B−$0.2B-6.1%−$0.2B
Q2 FY2026 (Nov-Jan 2026)$2.6B$0.4B15.3%$0.4B
Q1 FY2026 (Aug-Oct 2025)$2.5B$0.3B12.5%$0.3B
Q4 FY2025 (May-Jul 2025)$2.5B$0.5B19.6%$0.3B
Q3 FY2025 (Feb-Apr 2025)$2.3B$0.2B9.6%$0.3B
Q2 FY2025 (Nov-Jan 2025)$2.3B$0.2B10.7%$0.3B
Q1 FY2025 (Aug-Oct 2024)$2.1B$0.3B13.4%$0.4B

XBRL figures from the company's 10-Q and 10-K filings with the SEC. The fourth quarter is the full year minus the first three. Where gross profit isn't reported, it is revenue minus cost of revenue. For information only, not investment advice.

Get Before the Bell in your inbox

Get this chart in your inbox when new earnings land

By subscribing you agree to get one email each weekday morning. Unsubscribe anytime from any email.