--- title: "Palo Alto Networks: Metrics Guide" description: "Palo Alto Networks revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/palo-alto-networks/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Palo Alto Networks: Financial & Operating Metrics Guide ## Direct Answer Palo Alto Networks reported revenue of $9.2 billion for the fiscal year ended July 31, 2025, with an operating margin of 13.5% and net income of $1.1 billion, according to its SEC filings. Revenue grew 14.9% from the prior year. ## What Are Palo Alto Networks's Key Financial Figures? | Fiscal year | FY2025ended July 31, 2025 | FY2024ended July 31, 2024 | FY2023ended July 31, 2023 | FY2022ended July 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $9.2 billion | $8.0 billion | $6.9 billion | $5.5 billion | | Operating income | $1.2 billion | $684 million | $387 million | -$189 million | | Operating margin | 13.5% | 8.5% | 5.6% | -3.4% | | Net income | $1.1 billion | $2.6 billion | $440 million | -$267 million | | Net margin | 12.3% | 32.1% | 6.4% | -4.9% | | Operating cash flow | $3.7 billion | $3.3 billion | $2.8 billion | $2.0 billion | | Capital expenditures | $247 million | $157 million | $146 million | $193 million | | Free cash flow | $3.5 billion | $3.1 billion | $2.6 billion | $1.8 billion | Operating margin widened by 5.0 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $3.5 billion against net income of $1.1 billion; cash generation covered reported earnings. ![Bar chart of Palo Alto Networks revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $9.2 billion, operating income $1.2 billion and net income $1.1 billion.](https://www.getswoopr.com/images/charts/palo-alto-networks-metrics-revenue-profit.webp) *Palo Alto Networks revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Palo Alto Networks operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 13.5% and net margin was 12.3%.](https://www.getswoopr.com/images/charts/palo-alto-networks-metrics-margins.webp) *Palo Alto Networks operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Palo Alto Networks operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $3.7 billion, capital expenditures was $247 million, free cash flow was $3.5 billion.](https://www.getswoopr.com/images/charts/palo-alto-networks-metrics-cash-flow.webp) *Palo Alto Networks operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Palo Alto Networks's Balance Sheet Show? | Cash and cash equivalents | $2.3 billion | | --- | --- | | Long-term debt | Not reported | | Total assets | $23.6 billion | | Total liabilities | $15.8 billion | | Shareholders' equity | $7.8 billion | | Current ratio | 0.9x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Palo Alto Networks reported in its own SEC filings, read from the SEC's XBRL data (accession 0001327567-26-000023 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Palo Alto Networks's revenue in fiscal 2025? Palo Alto Networks reported revenue of $9.2 billion for the fiscal year ended July 31, 2025, according to its SEC filings. ### What is Palo Alto Networks's operating margin? Palo Alto Networks's operating margin was 13.5% in fiscal 2025: operating income of $1.2 billion on revenue of $9.2 billion. ### How much free cash flow did Palo Alto Networks generate? Operating cash flow of $3.7 billion less capital expenditures of $247 million gives free cash flow of $3.5 billion for fiscal 2025. ## References - [SEC EDGAR: Palo Alto Networks Inc Form 10-K filed September 10, 2026](https://www.sec.gov/Archives/edgar/data/1327567/000132756726000023/panw-20260731.htm) - [SEC EDGAR: Palo Alto Networks Inc annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1327567&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Palo Alto Networks company dossier](https://www.getswoopr.com/stocks/companies/palo-alto-networks/) - [Palo Alto Networks financial metrics](https://www.getswoopr.com/stocks/companies/palo-alto-networks/metrics/) - [Palo Alto Networks financial risk indicators](https://www.getswoopr.com/stocks/companies/palo-alto-networks/risks/) - [Palo Alto Networks peer comparison](https://www.getswoopr.com/stocks/companies/palo-alto-networks/competitors/) - [Palo Alto Networks business model and revenue mix](https://www.getswoopr.com/stocks/companies/palo-alto-networks/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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