PANW Q1 2024 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena

PANWPalo Alto Networks, Inc.

$113B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.9B+20.1% YoY

Gross Profit

$1.4B74.8% margin

Operating Income

$215M11.5% margin

Net Income

$194M10.3% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

-3.8%

Cash Flow

Operating Cash Flow

$1.5B

Free Cash Flow

$1.5B

Stock-Based Comp.

$271M

Balance Sheet

Total Assets

$14.8B

Total Liabilities

$12.6B

Stockholders' Equity

$2.2B

Cash & Equivalents

$2.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.9B	$1.6B	+20.1%
Gross Profit	$1.4B	$1.1B	+27.6%
Operating Income	$215M	$15M	+1315.8%
Net Income	$194M	$20M	+871.0%

Revenue Segments

Subscription

$988M53%

Support

$549M29%

Product

$341M18%

Geographic Segments

Americas

$1.3B69%

EMEA

$365M19%

Asia Pacific

$227M12%