Palo Alto Networks, Inc. (PANW) Operating margin 2017–2026
Palo Alto Networks, Inc. (PANW) operating margin by fiscal year — reported operating income divided by reported revenue.
6.1%FY2026 · since FY2017: -9.4% → 6.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2026 | 6.1% | -7.4 pp |
| FY2025 | 13.5% | +5.0 pp |
| FY2024 | 8.5% | +2.9 pp |
| FY2023 | 5.6% | +9.1 pp |
| FY2022 | -3.4% | +3.7 pp |
| FY2021 | -7.1% | -1.9 pp |
| FY2020 | -5.3% | -3.4 pp |
| FY2019 | -1.9% | +2.7 pp |
| FY2018 | -4.6% | +4.9 pp |
| FY2017 | -9.4% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice
More PANW financial trends
PANW RevenuePANW Net incomePANW Net marginPANW Gross profitPANW Gross marginPANW Operating incomePANW Operating cash flowPANW Free cash flowPANW Capital expendituresPANW Return on equityPANW Stock buybacksPANW Dividends paidPANW Total assetsPANW Total liabilitiesPANW Shareholders’ equityPANW overview →