PANW Q3 2024 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena

PANWPalo Alto Networks, Inc.

$113B

Q3 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$2.0B+15.3% YoY

Gross Profit

$1.5B74.1% margin

Operating Income

$177M8.9% margin

Net Income

$279M14.0% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

+0.5%

Cash Flow

Operating Cash Flow

$529M

Free Cash Flow

$492M

Stock-Based Comp.

$264M

Balance Sheet

Total Assets

$17.9B

Total Liabilities

$13.5B

Stockholders' Equity

$4.5B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.0B	$1.7B	+15.3%
Gross Profit	$1.5B	$1.2B	+18.1%
Operating Income	$177M	$79M	+124.5%
Net Income	$279M	$108M	+158.6%

Revenue Segments

Subscription

$1.0B53%

Support

$548M28%

Product

$391M20%

Geographic Segments

Americas

$1.4B69%

EMEA

$399M20%

Asia Pacific

$226M11%