Direct Answer
Palo Alto Networks reports revenue across 3 product and service lines in its fiscal 2025 Form 10-K. Subscription is the largest, with $5.0 billion of revenue (54% of the total), followed by Support at $2.4 billion (27%). 63% of revenue came from the United States.
How Does Palo Alto Networks Make Money?
No single line supplies a majority of revenue: the largest, Subscription, is 54%, which spreads Palo Alto Networks's exposure across several demand drivers. Between fiscal 2024 and 2025, Subscription grew fastest (+18.8%) and Support slowest (+9.4%), so the revenue mix tilts toward Subscription while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Subscription | $5.0 billion | $4.2 billion | 53.9% | 18.8% |
| Support | $2.4 billion | $2.2 billion | 26.5% | 9.4% |
| Product | $1.8 billion | $1.6 billion | 19.5% | 12.4% |
Where Does Palo Alto Networks's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| United States | $5.8 billion | $5.1 billion | 62.7% | 12.7% |
| EMEA | $1.9 billion | $1.6 billion | 20.8% | 19.7% |
| Asia Pacific | $1.1 billion | $943 million | 11.9% | 16.6% |
| Other Americas | $419 million | $349 million | 4.5% | 20.1% |
What the Segment Figures Do Not Show
The rows above add up to 100% of Palo Alto Networks's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Palo Alto Networks reported in the segment note and revenue disclosures of its Form 10-K filed August 29, 2025 (accession 0001327567-25-000027), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Palo Alto Networks's main products and services?
In its fiscal 2025 Form 10-K, Palo Alto Networks reports revenue for Subscription, Support and Product.
Which part of Palo Alto Networks brings in the most revenue?
Subscription, with $5.0 billion of revenue in fiscal 2025, or 54% of the total.
How much of Palo Alto Networks's revenue comes from outside the United States?
37% in fiscal 2025, by the geographic breakdown Palo Alto Networks reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.