Palo Alto Networks Inc
NASDAQ:PANW
Income Statement
Earnings Waterfall
Palo Alto Networks Inc
Income Statement
Palo Alto Networks Inc
| Jul-2011 | Oct-2011 | Jan-2012 | Apr-2012 | Jul-2012 | Oct-2012 | Jan-2013 | Apr-2013 | Jul-2013 | Oct-2013 | Jan-2014 | Apr-2014 | Jul-2014 | Oct-2014 | Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | Apr-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | Jan-2024 | Apr-2024 | Jul-2024 | Oct-2024 | Jan-2025 | Apr-2025 | Jul-2025 | Oct-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
8
|
14
|
19
|
22
|
23
|
23
|
23
|
23
|
24
|
24
|
24
|
25
|
25
|
25
|
25
|
30
|
46
|
60
|
74
|
84
|
80
|
79
|
77
|
89
|
110
|
132
|
153
|
163
|
130
|
96
|
62
|
27
|
27
|
27
|
28
|
27
|
23
|
19
|
14
|
8
|
7
|
5
|
3
|
3
|
0
|
|
| Revenue |
119
N/A
|
156
+31%
|
185
+19%
|
220
+19%
|
255
+16%
|
284
+11%
|
324
+14%
|
359
+11%
|
396
+10%
|
438
+11%
|
483
+10%
|
532
+10%
|
598
+12%
|
662
+11%
|
739
+12%
|
822
+11%
|
928
+13%
|
1 033
+11%
|
1 150
+11%
|
1 262
+10%
|
1 379
+9%
|
1 479
+7%
|
1 567
+6%
|
1 653
+5%
|
1 755
+6%
|
1 859
+6%
|
1 982
+7%
|
2 118
+7%
|
2 274
+7%
|
2 428
+7%
|
2 593
+7%
|
2 752
+6%
|
2 900
+5%
|
3 016
+4%
|
3 121
+3%
|
3 264
+5%
|
3 408
+4%
|
3 583
+5%
|
3 783
+6%
|
3 987
+5%
|
4 256
+7%
|
4 558
+7%
|
4 858
+7%
|
5 170
+6%
|
5 502
+6%
|
5 818
+6%
|
6 156
+6%
|
6 490
+5%
|
6 893
+6%
|
7 207
+5%
|
7 527
+4%
|
7 791
+4%
|
8 028
+3%
|
8 288
+3%
|
8 571
+3%
|
8 875
+4%
|
9 222
+4%
|
9 557
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(32)
|
(42)
|
(50)
|
(60)
|
(71)
|
(80)
|
(92)
|
(101)
|
(110)
|
(119)
|
(129)
|
(141)
|
(160)
|
(179)
|
(201)
|
(226)
|
(252)
|
(277)
|
(312)
|
(343)
|
(370)
|
(392)
|
(411)
|
(440)
|
(476)
|
(517)
|
(563)
|
(599)
|
(645)
|
(687)
|
(731)
|
(776)
|
(808)
|
(843)
|
(873)
|
(927)
|
(1 000)
|
(1 060)
|
(1 134)
|
(1 206)
|
(1 275)
|
(1 378)
|
(1 475)
|
(1 585)
|
(1 719)
|
(1 800)
|
(1 861)
|
(1 895)
|
(1 910)
|
(1 921)
|
(1 954)
|
(1 992)
|
(2 059)
|
(2 141)
|
(2 241)
|
(2 346)
|
(2 452)
|
(2 536)
|
|
| Gross Profit |
86
N/A
|
114
+32%
|
135
+19%
|
159
+18%
|
185
+16%
|
204
+11%
|
232
+14%
|
258
+11%
|
286
+11%
|
319
+11%
|
354
+11%
|
391
+11%
|
439
+12%
|
483
+10%
|
538
+11%
|
597
+11%
|
677
+13%
|
756
+12%
|
838
+11%
|
919
+10%
|
1 009
+10%
|
1 087
+8%
|
1 156
+6%
|
1 214
+5%
|
1 279
+5%
|
1 342
+5%
|
1 419
+6%
|
1 519
+7%
|
1 629
+7%
|
1 741
+7%
|
1 863
+7%
|
1 977
+6%
|
2 091
+6%
|
2 173
+4%
|
2 248
+3%
|
2 337
+4%
|
2 409
+3%
|
2 523
+5%
|
2 649
+5%
|
2 781
+5%
|
2 981
+7%
|
3 180
+7%
|
3 382
+6%
|
3 585
+6%
|
3 783
+6%
|
4 018
+6%
|
4 295
+7%
|
4 595
+7%
|
4 983
+8%
|
5 287
+6%
|
5 574
+5%
|
5 799
+4%
|
5 968
+3%
|
6 148
+3%
|
6 330
+3%
|
6 528
+3%
|
6 770
+4%
|
7 021
+4%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(97)
|
(115)
|
(134)
|
(157)
|
(181)
|
(210)
|
(241)
|
(274)
|
(305)
|
(341)
|
(391)
|
(447)
|
(513)
|
(715)
|
(650)
|
(721)
|
(776)
|
(864)
|
(958)
|
(1 054)
|
(1 166)
|
(1 262)
|
(1 335)
|
(1 389)
|
(1 424)
|
(1 513)
|
(1 558)
|
(1 653)
|
(1 733)
|
(1 823)
|
(1 917)
|
(2 004)
|
(2 138)
|
(2 249)
|
(2 371)
|
(2 498)
|
(2 585)
|
(2 695)
|
(2 856)
|
(3 042)
|
(3 285)
|
(3 522)
|
(3 710)
|
(3 850)
|
(3 972)
|
(4 108)
|
(4 272)
|
(4 446)
|
(4 596)
|
(4 700)
|
(4 796)
|
(4 920)
|
(5 080)
|
(5 393)
|
(5 388)
|
(5 544)
|
(5 527)
|
(5 756)
|
|
| Selling, General & Administrative |
(75)
|
(90)
|
(106)
|
(123)
|
(142)
|
(166)
|
(190)
|
(218)
|
(242)
|
(272)
|
(313)
|
(357)
|
(408)
|
(452)
|
(505)
|
(555)
|
(591)
|
(656)
|
(722)
|
(794)
|
(882)
|
(953)
|
(1 010)
|
(1 052)
|
(969)
|
(1 127)
|
(1 136)
|
(1 181)
|
(1 182)
|
(1 248)
|
(1 296)
|
(1 325)
|
(1 375)
|
(1 412)
|
(1 473)
|
(1 540)
|
(1 562)
|
(1 592)
|
(1 662)
|
(1 720)
|
(1 847)
|
(2 047)
|
(2 211)
|
(2 381)
|
(2 554)
|
(2 658)
|
(2 777)
|
(2 892)
|
(2 992)
|
(3 058)
|
(3 111)
|
(3 191)
|
(3 271)
|
(3 308)
|
(3 422)
|
(3 545)
|
(3 678)
|
(3 724)
|
|
| Research & Development |
(21)
|
(25)
|
(29)
|
(34)
|
(39)
|
(44)
|
(51)
|
(57)
|
(62)
|
(69)
|
(78)
|
(90)
|
(105)
|
(122)
|
(145)
|
(166)
|
(186)
|
(208)
|
(235)
|
(261)
|
(284)
|
(309)
|
(325)
|
(337)
|
(347)
|
(357)
|
(364)
|
(378)
|
(401)
|
(420)
|
(452)
|
(491)
|
(540)
|
(597)
|
(654)
|
(711)
|
(768)
|
(835)
|
(916)
|
(1 031)
|
(1 140)
|
(1 243)
|
(1 335)
|
(1 379)
|
(1 418)
|
(1 450)
|
(1 495)
|
(1 553)
|
(1 604)
|
(1 642)
|
(1 686)
|
(1 729)
|
(1 809)
|
(1 880)
|
(1 938)
|
(1 975)
|
(1 984)
|
(2 032)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(141)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(107)
|
(28)
|
(57)
|
(95)
|
(150)
|
(156)
|
(169)
|
(188)
|
(224)
|
(241)
|
(244)
|
(248)
|
(254)
|
(268)
|
(278)
|
(291)
|
(298)
|
(232)
|
(164)
|
(90)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(204)
|
(28)
|
(24)
|
135
|
0
|
|
| Operating Income |
(10)
N/A
|
(1)
+87%
|
1
N/A
|
3
+260%
|
4
+41%
|
(6)
N/A
|
(10)
-56%
|
(16)
-67%
|
(19)
-17%
|
(23)
-21%
|
(38)
-67%
|
(56)
-48%
|
(74)
-33%
|
(232)
-213%
|
(112)
+52%
|
(124)
-11%
|
(100)
+20%
|
(108)
-8%
|
(120)
-11%
|
(135)
-13%
|
(157)
-16%
|
(174)
-11%
|
(179)
-2%
|
(175)
+2%
|
(145)
+17%
|
(170)
-18%
|
(138)
+19%
|
(135)
+3%
|
(104)
+23%
|
(83)
+21%
|
(54)
+35%
|
(27)
+50%
|
(47)
-74%
|
(76)
-62%
|
(123)
-61%
|
(161)
-31%
|
(176)
-9%
|
(172)
+2%
|
(208)
-21%
|
(262)
-26%
|
(304)
-16%
|
(342)
-13%
|
(327)
+4%
|
(265)
+19%
|
(189)
+29%
|
(91)
+52%
|
23
N/A
|
149
+552%
|
387
+160%
|
587
+52%
|
778
+32%
|
880
+13%
|
888
+1%
|
755
-15%
|
942
+25%
|
984
+4%
|
1 243
+26%
|
1 265
+2%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(8)
|
(13)
|
(19)
|
(21)
|
(23)
|
(23)
|
(23)
|
(15)
|
(24)
|
(24)
|
(24)
|
(13)
|
(20)
|
(16)
|
(7)
|
(1)
|
(6)
|
(8)
|
(14)
|
(18)
|
(13)
|
(17)
|
(25)
|
(54)
|
(87)
|
(121)
|
(150)
|
(160)
|
(132)
|
(97)
|
(63)
|
(10)
|
8
|
58
|
120
|
189
|
236
|
269
|
294
|
310
|
313
|
326
|
329
|
328
|
251
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
(141)
|
(141)
|
0
|
(121)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
0
|
(13)
|
(13)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(177)
|
(181)
|
(204)
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
(5)
|
(5)
|
(4)
|
(4)
|
(1)
|
2
|
4
|
5
|
(0)
|
9
|
9
|
10
|
(1)
|
8
|
6
|
3
|
(0)
|
(3)
|
(4)
|
(3)
|
(0)
|
2
|
2
|
2
|
1
|
(1)
|
0
|
1
|
(1)
|
0
|
(1)
|
1
|
(8)
|
1
|
3
|
(2)
|
(10)
|
(9)
|
(5)
|
(7)
|
(5)
|
6
|
(4)
|
9
|
25
|
123
|
|
| Pre-Tax Income |
(12)
N/A
|
(3)
+73%
|
(1)
+59%
|
1
N/A
|
3
+120%
|
(7)
N/A
|
(10)
-41%
|
(16)
-67%
|
(19)
-16%
|
(22)
-18%
|
(57)
-160%
|
(196)
-242%
|
(222)
-13%
|
(244)
-10%
|
(251)
-3%
|
(148)
+41%
|
(122)
+18%
|
(129)
-5%
|
(138)
-8%
|
(153)
-11%
|
(172)
-12%
|
(189)
-10%
|
(194)
-2%
|
(190)
+2%
|
(180)
+5%
|
(183)
-1%
|
(149)
+19%
|
(139)
+7%
|
(105)
+24%
|
(92)
+13%
|
(66)
+28%
|
(44)
+33%
|
(75)
-70%
|
(87)
-17%
|
(150)
-72%
|
(197)
-31%
|
(232)
-18%
|
(260)
-12%
|
(329)
-27%
|
(411)
-25%
|
(465)
-13%
|
(474)
-2%
|
(425)
+10%
|
(327)
+23%
|
(207)
+37%
|
(82)
+61%
|
84
N/A
|
267
+219%
|
566
+112%
|
815
+44%
|
866
+6%
|
986
+14%
|
988
+0%
|
1 074
+9%
|
1 264
+18%
|
1 323
+5%
|
1 596
+21%
|
1 639
+3%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(3)
|
(3)
|
(2)
|
(2)
|
(0)
|
(0)
|
(2)
|
(11)
|
(12)
|
(14)
|
(14)
|
(4)
|
(4)
|
(1)
|
(3)
|
(9)
|
(13)
|
(17)
|
(20)
|
(20)
|
(21)
|
(19)
|
(20)
|
(23)
|
(27)
|
(26)
|
(15)
|
(17)
|
(5)
|
(8)
|
(10)
|
(7)
|
(16)
|
(24)
|
(32)
|
(35)
|
(40)
|
(40)
|
(27)
|
(34)
|
(36)
|
(37)
|
(63)
|
(60)
|
(62)
|
(49)
|
(52)
|
(127)
|
(201)
|
1 411
|
1 462
|
1 589
|
1 660
|
(9)
|
(85)
|
(462)
|
(522)
|
|
| Income from Continuing Operations |
(13)
|
(6)
|
(4)
|
(1)
|
1
|
(7)
|
(10)
|
(18)
|
(29)
|
(34)
|
(71)
|
(210)
|
(226)
|
(249)
|
(252)
|
(151)
|
(131)
|
(141)
|
(155)
|
(174)
|
(193)
|
(210)
|
(213)
|
(210)
|
(203)
|
(209)
|
(174)
|
(154)
|
(122)
|
(97)
|
(74)
|
(54)
|
(82)
|
(103)
|
(174)
|
(229)
|
(267)
|
(300)
|
(368)
|
(439)
|
(499)
|
(510)
|
(462)
|
(390)
|
(267)
|
(143)
|
34
|
215
|
440
|
614
|
2 277
|
2 448
|
2 578
|
2 734
|
1 255
|
1 238
|
1 134
|
1 117
|
|
| Net Income (Common) |
(13)
N/A
|
(10)
+20%
|
(8)
+18%
|
(5)
+42%
|
1
N/A
|
(7)
N/A
|
(10)
-44%
|
(18)
-81%
|
(29)
-62%
|
(34)
-15%
|
(71)
-111%
|
(210)
-196%
|
(226)
-8%
|
(249)
-10%
|
(252)
-1%
|
(151)
+40%
|
(131)
+13%
|
(141)
-7%
|
(155)
-10%
|
(174)
-12%
|
(193)
-11%
|
(210)
-9%
|
(213)
-2%
|
(210)
+2%
|
(203)
+3%
|
(209)
-3%
|
(174)
+17%
|
(154)
+12%
|
(122)
+21%
|
(97)
+20%
|
(74)
+24%
|
(54)
+27%
|
(82)
-51%
|
(103)
-26%
|
(174)
-69%
|
(229)
-31%
|
(267)
-17%
|
(300)
-12%
|
(368)
-23%
|
(439)
-19%
|
(499)
-14%
|
(510)
-2%
|
(462)
+10%
|
(390)
+16%
|
(267)
+31%
|
(143)
+46%
|
34
N/A
|
215
+528%
|
440
+104%
|
614
+40%
|
2 277
+271%
|
2 448
+8%
|
2 578
+5%
|
2 734
+6%
|
1 255
-54%
|
1 238
-1%
|
1 134
-8%
|
1 117
-1%
|
|
| EPS (Diluted) |
-0.03
N/A
|
-0.09
-200%
|
-0.03
+67%
|
-0.02
+33%
|
0.01
N/A
|
-0.02
N/A
|
-0.03
-50%
|
-0.05
-67%
|
-0.07
-40%
|
-0.09
-29%
|
-0.17
-89%
|
-0.48
-182%
|
-0.51
-6%
|
-0.52
-2%
|
-0.51
+2%
|
-0.31
+39%
|
-0.27
+13%
|
-0.28
-4%
|
-0.3
-7%
|
-0.33
-10%
|
-0.37
-12%
|
-0.4
-8%
|
-0.4
N/A
|
-0.39
+3%
|
-0.37
+5%
|
-0.39
-5%
|
-0.33
+15%
|
-0.29
+12%
|
-0.22
+24%
|
-0.18
+18%
|
-0.13
+28%
|
-0.1
+23%
|
-0.14
-40%
|
-0.18
-29%
|
-0.3
-67%
|
-0.39
-30%
|
-0.46
-18%
|
-0.51
-11%
|
-0.64
-25%
|
-0.76
-19%
|
-0.86
-13%
|
-0.88
-2%
|
-0.79
+10%
|
-0.66
+16%
|
-0.45
+32%
|
-0.21
+53%
|
0.05
N/A
|
0.33
+560%
|
0.64
+94%
|
0.89
+39%
|
3.2
+260%
|
3.45
+8%
|
3.64
+6%
|
3.85
+6%
|
1.77
-54%
|
1.75
-1%
|
1.6
-9%
|
1.58
-1%
|
|