PANW Q3 2023 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena

PANWPalo Alto Networks, Inc.

$113B

Q3 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$1.7B+24.1% YoY

Gross Profit

$1.2B72.4% margin

Operating Income

$79M4.6% margin

Net Income

$108M6.3% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$432M

Free Cash Flow

$401M

Stock-Based Comp.

$271M

Balance Sheet

Total Assets

$14.2B

Total Liabilities

$12.9B

Stockholders' Equity

$1.2B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.7B	$1.4B	+24.1%
Gross Profit	$1.2B	$946M	+31.7%
Operating Income	$79M	-$48M	+265.3%
Net Income	$108M	-$73M	+247.3%

Revenue Segments

Subscription

$838M49%

Support

$495M29%

Product

$388M23%

Geographic Segments

Americas

$1.2B69%

EMEA

$332M19%

Asia Pacific

$210M12%