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