PANWPalo Alto Networks, Inc.

$113B

Q2 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$2.0B+19.3% YoY

Gross Profit

$1.5B74.7% margin

Operating Income

$54M2.7% margin

Net Income

$1.7B88.4% margin

EPS (Diluted)

$2.44

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$690M

Free Cash Flow

$655M

Stock-Based Comp.

$272M

Balance Sheet

Total Assets

$18.3B

Total Liabilities

$13.9B

Stockholders' Equity

$4.4B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$1.7B	+19.3%
Gross Profit	$1.5B	$1.2B	+24.1%
Operating Income	$54M	$40M	+34.3%
Net Income	$1.7B	$84M	+1974.7%

Revenue Segments

Subscription

$1.0B52%

Support

$557M28%

Product

$391M20%

Geographic Segments

Americas

$1.3B68%

EMEA

$407M21%

Asia Pacific

$234M12%

PANW Q2 2024 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena