Palo Alto Networks, Inc. (PANW) Gross margin 2017–2026
Palo Alto Networks, Inc. (PANW) gross margin by fiscal year — reported gross profit divided by reported revenue.
70.4%FY2026 · since FY2017: 72.9% → 70.4%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2026 | 70.4% | -3.1 pp |
| FY2025 | 73.4% | -0.9 pp |
| FY2024 | 74.3% | +2.1 pp |
| FY2023 | 72.3% | +3.5 pp |
| FY2022 | 68.8% | -1.3 pp |
| FY2021 | 70.0% | -0.6 pp |
| FY2020 | 70.7% | -1.4 pp |
| FY2019 | 72.1% | +0.5 pp |
| FY2018 | 71.6% | -1.2 pp |
| FY2017 | 72.9% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice
More PANW financial trends
PANW RevenuePANW Net incomePANW Net marginPANW Gross profitPANW Operating incomePANW Operating marginPANW Operating cash flowPANW Free cash flowPANW Capital expendituresPANW Return on equityPANW Stock buybacksPANW Dividends paidPANW Total assetsPANW Total liabilitiesPANW Shareholders’ equityPANW overview →