PANW Q2 2025 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena

PANWPalo Alto Networks, Inc.

$113B

Q2 2025 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$2.3B+14.3% YoY

Gross Profit

$1.7B73.5% margin

Operating Income

$240M10.6% margin

Net Income

$267M11.8% margin

EPS (Diluted)

$0.38

QoQ Revenue Growth

+5.5%

Cash Flow

Operating Cash Flow

$557M

Free Cash Flow

$509M

Stock-Based Comp.

$321M

Balance Sheet

Total Assets

$21.0B

Total Liabilities

$14.6B

Stockholders' Equity

$6.4B

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$2.0B	+14.3%
Gross Profit	$1.7B	$1.5B	+12.3%
Operating Income	$240M	$54M	+348.5%
Net Income	$267M	$1.7B	-84.7%

Revenue Segments

Subscription

$1.2B55%

Support

$603M27%

Product

$422M19%

Geographic Segments

Americas

$1.5B67%

EMEA

$480M21%

Asia Pacific

$275M12%