Palo Alto Networks annual free cash flow
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Palo Alto Networks Free Cash Flow (FCF) History (PANW)
Palo Alto Networks reported $3.47B in free cash flow for fiscal 2025, an increase of 11.90% from the previous fiscal year, with a free cash flow margin of 37.63%.
View full Palo Alto Networks company overviewPalo Alto Networks free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-07-31 | $3.47B | $369.0M | +11.90% | +37.63% |
| 2024 | 2024-07-31 | $3.10B | $469.6M | +17.85% | +38.63% |
| 2023 | 2023-07-31 | $2.63B | $839.3M | +46.84% | +38.17% |
| 2022 | 2022-07-31 | $1.79B | $404.9M | +29.19% | +32.57% |
| 2021 | 2021-07-31 | $1.39B | $565.7M | +68.88% | +32.59% |
| 2020 | 2020-07-31 | $821.3M | −$103.1M | −11.15% | +24.10% |
| 2019 | 2019-07-31 | $924.4M | −$1.7M | −0.18% | +31.88% |
| 2018 | 2018-07-31 | $926.1M | $220.7M | +31.29% | +40.73% |
| 2017 | 2017-07-31 | $705.4M | $119.3M | +20.35% | +40.19% |
| 2016 | 2016-07-31 | $586.1M | $267.1M | +83.73% | +42.52% |
| 2015 | 2015-07-31 | $319.0M | $266.7M | +509.94% | +34.37% |
| 2014 | 2014-07-31 | $52.3M | −$39.8M | −43.20% | +8.74% |
| 2013 | 2013-07-31 | $92.1M | $29.3M | +46.61% | +23.25% |
| 2012 | 2012-07-31 | $62.8M | $43.7M | +228.78% | +24.62% |
| 2011 | 2011-07-31 | $19.1M | — | — | +16.11% |
Palo Alto Networks quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q3 2026 | 2026-04-30 | $788.0M | $228.0M | +40.71% | +26.25% |
| Q2 2026 | 2026-01-31 | $384.0M | −$125.0M | −24.56% | +14.80% |
| Q1 2026 | 2025-10-31 | $1.69B | $221.0M | +15.08% | +68.19% |
| Q4 2025 | 2025-07-31 | $934.8M | $469.5M | +100.90% | +36.85% |
| Q3 2025 | 2025-04-30 | $560.0M | $68.5M | +13.94% | +24.46% |
| Q2 2025 | 2025-01-31 | $509.0M | −$145.8M | −22.27% | +22.55% |
| Q1 2025 | 2024-10-31 | $1.47B | −$23.2M | −1.56% | +68.54% |
| Q4 2024 | 2024-07-31 | $465.3M | $88.4M | +23.45% | +21.25% |
| Q3 2024 | 2024-04-30 | $491.5M | $90.6M | +22.60% | +24.76% |
| Q2 2024 | 2024-01-31 | $654.8M | −$1.5M | −0.23% | +33.15% |
| Q1 2024 | 2023-10-31 | $1.49B | $292.1M | +24.40% | +79.29% |
| Q4 2023 | 2023-07-31 | $376.9M | −$69.3M | −15.53% | +19.30% |
| Q3 2023 | 2023-04-30 | $400.9M | $11.4M | +2.93% | +23.30% |
| Q2 2023 | 2023-01-31 | $656.3M | $254.4M | +63.30% | +39.65% |
| Q1 2023 | 2022-10-31 | $1.20B | $642.8M | +115.97% | +76.57% |
| Q4 2022 | 2022-07-31 | $446.2M | $147.8M | +49.53% | +28.78% |
| Q3 2022 | 2022-04-30 | $389.5M | $138.6M | +55.24% | +28.09% |
| Q2 2022 | 2022-01-31 | $401.9M | $69.5M | +20.91% | +30.52% |
| Q1 2022 | 2021-10-31 | $554.3M | $49.0M | +9.70% | +44.44% |
| Q4 2021 | 2021-07-31 | $298.4M | −$3.5M | −1.16% | +24.47% |
| Q3 2021 | 2021-04-30 | $250.9M | $167.3M | +200.12% | +23.36% |
| Q2 2021 | 2021-01-31 | $332.4M | $74.6M | +28.94% | +32.69% |
| Q1 2021 | 2020-10-31 | $505.3M | $327.3M | +183.88% | +53.41% |
| Q4 2020 | 2020-07-31 | $301.9M | $123.5M | +69.23% | +31.77% |
| Q3 2020 | 2020-04-30 | $83.6M | −$192.5M | −69.72% | +9.62% |
| Q2 2020 | 2020-01-31 | $257.8M | $5.9M | +2.34% | +31.57% |
| Q1 2020 | 2019-10-31 | $178.0M | −$40.0M | −18.35% | +23.06% |
| Q4 2019 | 2019-07-31 | $178.4M | −$73.8M | −29.26% | +22.14% |
| Q3 2019 | 2019-04-30 | $276.1M | $63.0M | +29.56% | +38.00% |
| Q2 2019 | 2019-01-31 | $251.9M | $32.9M | +15.02% | +35.42% |
| Q1 2019 | 2018-10-31 | $218.0M | −$23.8M | −9.84% | +33.23% |
| Q4 2018 | 2018-07-31 | $252.2M | $61.6M | +32.32% | +38.30% |
| Q3 2018 | 2018-04-30 | $213.1M | $50.5M | +31.06% | +37.54% |
| Q2 2018 | 2018-01-31 | $219.0M | $49.4M | +29.13% | +40.14% |
| Q1 2018 | 2017-10-31 | $241.8M | $59.2M | +32.42% | +48.19% |
| Q4 2017 | 2017-07-31 | $190.6M | $19.6M | +11.46% | +37.92% |
| Q3 2017 | 2017-04-30 | $162.6M | $11.6M | +7.68% | +37.66% |
| Q2 2017 | 2017-01-31 | $169.6M | $32.7M | +23.89% | +40.13% |
| Q1 2017 | 2016-10-31 | $182.6M | $55.4M | +43.55% | +45.87% |
| Q4 2016 | 2016-07-31 | $171.0M | $69.1M | +67.81% | +42.66% |
| Q3 2016 | 2016-04-30 | $151.0M | $73.6M | +95.09% | +43.67% |
| Q2 2016 | 2016-01-31 | $136.9M | $66.2M | +93.64% | +40.90% |
| Q1 2016 | 2015-10-31 | $127.2M | $58.2M | +84.35% | +42.80% |
| Q4 2015 | 2015-07-31 | $101.9M | $132.8M | — | +35.89% |
| Q3 2015 | 2015-04-30 | $77.4M | $49.0M | +172.70% | +33.05% |
| Q2 2015 | 2015-01-31 | $70.7M | $39.1M | +123.78% | +32.48% |
| Q1 2015 | 2014-10-31 | $69.0M | $45.8M | +197.40% | +35.88% |
| Q4 2014 | 2014-07-31 | −$30.9M | −$66.8M | — | −17.32% |
| Q3 2014 | 2014-04-30 | $28.4M | $19.5M | +220.82% | +18.83% |
| Q2 2014 | 2014-01-31 | $31.6M | $3.3M | +11.69% | +22.40% |
| Q1 2014 | 2013-10-31 | $23.2M | $4.1M | +21.72% | +18.10% |
| Q4 2013 | 2013-07-31 | $35.9M | $29.3M | +447.25% | +31.93% |
| Q3 2013 | 2013-04-30 | $8.8M | −$9.0M | −50.46% | +8.73% |
| Q2 2013 | 2013-01-31 | $28.3M | — | — | +29.31% |
| Q1 2013 | 2012-10-31 | $19.1M | — | — | +22.18% |
| Q3 2012 | 2012-04-30 | $6.6M | — | — | +9.98% |
| Q1 2012 | 2011-10-31 | $17.9M | — | — | +31.27% |
Palo Alto Networks free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $821.3M to $3.47B, a compound annual growth rate of 33.40%. Palo Alto Networks's latest reported quarter, Q3 2026, generated $788.0M in free cash flow, an increase of 40.71% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Palo Alto Networks filings at SEC.gov ↗