Palo Alto Networks, Inc. (PANW) Return on equity 2017–2026
Palo Alto Networks, Inc. (PANW) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
1.1%FY2026 · since FY2017: -26.7% → 1.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2026 | 1.1% | -13.4 pp |
| FY2025 | 14.5% | -35.4 pp |
| FY2024 | 49.9% | +24.7 pp |
| FY2023 | 25.2% | +152.3 pp |
| FY2022 | -127.1% | -48.5 pp |
| FY2021 | -78.6% | -54.4 pp |
| FY2020 | -24.2% | -19.1 pp |
| FY2019 | -5.2% | +5.4 pp |
| FY2018 | -10.5% | +16.2 pp |
| FY2017 | -26.7% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
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