PANW Q3 2025 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena

PANWPalo Alto Networks, Inc.

$113B

Q3 2025 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$2.3B+15.3% YoY

Gross Profit

$1.7B72.9% margin

Operating Income

$219M9.6% margin

Net Income

$262M11.5% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$629M

Free Cash Flow

$560M

Stock-Based Comp.

$326M

Balance Sheet

Total Assets

$22.0B

Total Liabilities

$14.8B

Stockholders' Equity

$7.2B

Cash & Equivalents

$2.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$2.0B	+15.3%
Gross Profit	$1.7B	$1.5B	+13.5%
Operating Income	$219M	$177M	+23.8%
Net Income	$262M	$279M	-6.0%

Revenue Segments

Subscription

$1.2B54%

Support

$602M26%

Product

$453M20%

Geographic Segments

Americas

$1.5B67%

EMEA

$481M21%

Asia Pacific

$279M12%