← Research LibraryThe BriefFY2026 ended July 31, 2026 · headline figures audited against SEC data
Six acquisitions in eight months: revenue up 24%, operating margin more than halved
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 24% to $11.48B; remaining performance obligations up to $21.2B from $15.8BOK
- Profitability — Operating margin 6.1%, down from 13.5%; gross margin down 3 points to 70.4%Watch
- Balance sheet — Altman score 0.98 on the manufacturer formula, against $4.11B of free cash flowNote
- Accounting quality — Earnings-quality score 100 and no earnings-manipulation flagOK
- Capital allocation — $1.00B of buybacks, no dividend, alongside six acquisitionsNote
- Cash conversion — Free cash flow $4.11B against net income of $0.31BOK
What happened
Palo Alto Networks grew revenue 24% to $11.48 billion, its fastest rate in three years, while operating income fell from $1,243 million to $695 million. Operating margin went from 13.5% to 6.1% and gross margin from 73.4% to 70.4%. Reported net income was $0.31 billion.
Where the revenue comes from
Fiscal 2026, as Palo Alto Networks Inc reports it. History and quarterly detail are in the app.
- Subscription and support$9.2B
- Subscription$6.2B
- Support$3.0B
- Product$2.3B
Leadership changes
From Palo Alto Networks Inc's own filings, the day they're filed.
- Mark Goodburn · director · appointmenteff. 2025-11-18
- Mary Pat McCarthy · Directors · departureeff. 2025-11-18
- Helle Thorning-Schmidt · directors · appointmenteff. 2025-02-12
Latest filings
- 10-K · Annual report2026-09-10
- 8-K · Company announcement2026-09-01
- 8-K · Company announcement2026-08-21
- 10-Q · Quarterly report2026-06-03
- 8-K · Company announcement2026-06-02
In the full recordFree for 14 days
- The business🔒
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Why it matters🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Palo Alto Networks Inc, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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