Palo Alto Networks annual gross margin
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Palo Alto Networks Gross Margin Growth & History (PANW)
Palo Alto Networks's gross margin was 73.41% for fiscal 2025.
View full Palo Alto Networks company overviewPalo Alto Networks annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-07-31 | 73.41% | −0.93 pp |
| 2024 | 2024-07-31 | 74.35% | +2.05 pp |
| 2023 | 2023-07-31 | 72.29% | +3.53 pp |
| 2022 | 2022-07-31 | 68.76% | −1.29 pp |
| 2021 | 2021-07-31 | 70.05% | −0.63 pp |
| 2020 | 2020-07-31 | 70.68% | −1.44 pp |
| 2019 | 2019-07-31 | 72.12% | +0.49 pp |
| 2018 | 2018-07-31 | 71.63% | −1.23 pp |
| 2017 | 2017-07-31 | 72.86% | −0.30 pp |
| 2016 | 2016-07-31 | 73.16% | +0.26 pp |
| 2015 | 2015-07-31 | 72.90% | −0.42 pp |
| 2014 | 2014-07-31 | 73.32% | +1.03 pp |
| 2013 | 2013-07-31 | 72.29% | −0.06 pp |
| 2012 | 2012-07-31 | 72.35% | −0.44 pp |
| 2011 | 2011-07-31 | 72.79% | — |
Palo Alto Networks quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-04-30 | 67.55% | −5.40 pp |
| Q2 2026 | 2026-01-31 | 73.59% | +0.13 pp |
| Q1 2026 | 2025-10-31 | 74.21% | +0.11 pp |
| Q4 2025 | 2025-07-31 | 73.21% | −0.59 pp |
| Q3 2025 | 2025-04-30 | 72.96% | −1.17 pp |
| Q2 2025 | 2025-01-31 | 73.46% | −1.27 pp |
| Q1 2025 | 2024-10-31 | 74.10% | −0.73 pp |
| Q4 2024 | 2024-07-31 | 73.80% | −0.26 pp |
| Q3 2024 | 2024-04-30 | 74.12% | +1.71 pp |
| Q2 2024 | 2024-01-31 | 74.73% | +2.90 pp |
| Q1 2024 | 2023-10-31 | 74.83% | +4.37 pp |
| Q4 2023 | 2023-07-31 | 74.05% | +5.81 pp |
| Q3 2023 | 2023-04-30 | 72.41% | +4.18 pp |
| Q2 2023 | 2023-01-31 | 71.83% | +2.61 pp |
| Q1 2023 | 2022-10-31 | 70.46% | +0.97 pp |
| Q4 2022 | 2022-07-31 | 68.25% | −2.32 pp |
| Q3 2022 | 2022-04-30 | 68.23% | −0.98 pp |
| Q2 2022 | 2022-01-31 | 69.22% | −0.53 pp |
| Q1 2022 | 2021-10-31 | 69.49% | −1.15 pp |
| Q4 2021 | 2021-07-31 | 70.57% | +1.12 pp |
| Q3 2021 | 2021-04-30 | 69.22% | −1.07 pp |
| Q2 2021 | 2021-01-31 | 69.75% | −1.71 pp |
| Q1 2021 | 2020-10-31 | 70.63% | −1.16 pp |
| Q4 2020 | 2020-07-31 | 69.44% | −3.58 pp |
| Q3 2020 | 2020-04-30 | 70.29% | −1.51 pp |
| Q2 2020 | 2020-01-31 | 71.46% | −0.05 pp |
| Q1 2020 | 2019-10-31 | 71.80% | −0.23 pp |
| Q4 2019 | 2019-07-31 | 73.02% | +1.04 pp |
| Q3 2019 | 2019-04-30 | 71.80% | −0.03 pp |
| Q2 2019 | 2019-01-31 | 71.51% | +0.73 pp |
| Q1 2019 | 2018-10-31 | 72.03% | +0.19 pp |
| Q4 2018 | 2018-07-31 | 71.98% | −0.50 pp |
| Q3 2018 | 2018-04-30 | 71.83% | +0.48 pp |
| Q2 2018 | 2018-01-31 | 70.78% | −2.43 pp |
| Q1 2018 | 2017-10-31 | 71.84% | −2.74 pp |
| Q4 2017 | 2017-07-31 | 72.48% | −2.14 pp |
| Q3 2017 | 2017-04-30 | 71.35% | −1.20 pp |
| Q2 2017 | 2017-01-31 | 73.21% | +1.36 pp |
| Q1 2017 | 2016-10-31 | 74.58% | +1.23 pp |
| Q4 2016 | 2016-07-31 | 74.63% | +0.80 pp |
| Q3 2016 | 2016-04-30 | 72.56% | +0.05 pp |
| Q2 2016 | 2016-01-31 | 71.86% | −0.86 pp |
| Q1 2016 | 2015-10-31 | 73.35% | +1.12 pp |
| Q4 2015 | 2015-07-31 | 73.83% | +1.08 pp |
| Q3 2015 | 2015-04-30 | 72.50% | −1.15 pp |
| Q2 2015 | 2015-01-31 | 72.71% | −0.70 pp |
| Q1 2015 | 2014-10-31 | 72.23% | −1.39 pp |
| Q4 2014 | 2014-07-31 | 72.75% | −0.33 pp |
| Q3 2014 | 2014-04-30 | 73.65% | +0.99 pp |
| Q2 2014 | 2014-01-31 | 73.41% | +2.03 pp |
| Q1 2014 | 2013-10-31 | 73.63% | +1.77 pp |
| Q4 2013 | 2013-07-31 | 73.08% | +1.59 pp |
| Q3 2013 | 2013-04-30 | 72.66% | +1.02 pp |
| Q2 2013 | 2013-01-31 | 71.38% | −1.25 pp |
| Q1 2013 | 2012-10-31 | 71.85% | −2.17 pp |
| Q4 2012 | 2012-07-31 | 71.49% | — |
| Q3 2012 | 2012-04-30 | 71.64% | — |
| Q2 2012 | 2012-01-31 | 72.63% | — |
| Q1 2012 | 2011-10-31 | 74.02% | — |
Palo Alto Networks gross margin trends
Over the last five reported fiscal years, Palo Alto Networks's gross margin increased from 70.68% to 73.41%, a change of +2.74 percentage points. The latest reported quarter, Q3 2026, shows 67.55%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Palo Alto Networks filings at SEC.gov ↗