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