PANW Q4 2025 Earnings — Palo Alto Networks, Inc. Revenue & Financial Results | Market Cap Arena

PANWPalo Alto Networks, Inc.

$113B

Q4 2025 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$2.5B+15.8% YoY

Gross Profit

$1.9B73.2% margin

Operating Income

$497M19.6% margin

Net Income

$254M10.0% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

+10.8%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$1.2B

Stock-Based Comp.

$354M

Balance Sheet

Total Assets

$23.6B

Total Liabilities

$15.8B

Stockholders' Equity

$7.8B

Cash & Equivalents

$2.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.5B	$2.2B	+15.8%
Gross Profit	$1.9B	$1.6B	+14.9%
Operating Income	$497M	$238M	+108.6%
Net Income	$254M	$358M	-29.0%

Revenue Segments

Subscription

$1.3B52%

Support

$647M26%

Product

$574M23%

Geographic Segments

Americas

$1.7B68%

EMEA

$515M20%

Asia Pacific

$290M11%