Palo Alto Networks annual r&d spending
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Palo Alto Networks R&D Spending Growth & History (PANW)
Palo Alto Networks's r&d spending was $1.98B for fiscal 2025.
View full Palo Alto Networks company overviewPalo Alto Networks annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-07-31 | $1.98B | $174.7M | +9.66% |
| 2024 | 2024-07-31 | $1.81B | $205.4M | +12.81% |
| 2023 | 2023-07-31 | $1.60B | $186.3M | +13.14% |
| 2022 | 2022-07-31 | $1.42B | $277.3M | +24.32% |
| 2021 | 2021-07-31 | $1.14B | $372.3M | +48.47% |
| 2020 | 2020-07-31 | $768.1M | $228.6M | +42.37% |
| 2019 | 2019-07-31 | $539.5M | $138.8M | +34.64% |
| 2018 | 2018-07-31 | $400.7M | $53.3M | +15.34% |
| 2017 | 2017-07-31 | $347.4M | $63.2M | +22.24% |
| 2016 | 2016-07-31 | $284.2M | $98.4M | +52.96% |
| 2015 | 2015-07-31 | $185.8M | $81.0M | +77.29% |
| 2014 | 2014-07-31 | $104.8M | $42.3M | +67.73% |
| 2013 | 2013-07-31 | $62.5M | $23.9M | +62.00% |
| 2012 | 2012-07-31 | $38.6M | $17.2M | +80.52% |
| 2011 | 2011-07-31 | $21.4M | — | — |
Palo Alto Networks quarterly r&d spending
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| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-04-30 | $734.0M | $240.0M | +48.58% |
| Q2 2026 | 2026-01-31 | $511.0M | $6.0M | +1.19% |
| Q1 2026 | 2025-10-31 | $528.0M | $47.0M | +9.77% |
| Q4 2025 | 2025-07-31 | $504.1M | $9.3M | +1.88% |
| Q3 2025 | 2025-04-30 | $494.0M | $36.8M | +8.05% |
| Q2 2025 | 2025-01-31 | $505.0M | $57.1M | +12.75% |
| Q1 2025 | 2024-10-31 | $481.0M | $71.5M | +17.46% |
| Q4 2024 | 2024-07-31 | $494.8M | $80.4M | +19.40% |
| Q3 2024 | 2024-04-30 | $457.2M | $43.5M | +10.51% |
| Q2 2024 | 2024-01-31 | $447.9M | $43.8M | +10.84% |
| Q1 2024 | 2023-10-31 | $409.5M | $37.7M | +10.14% |
| Q4 2023 | 2023-07-31 | $414.4M | $50.6M | +13.91% |
| Q3 2023 | 2023-04-30 | $413.7M | $58.3M | +16.40% |
| Q2 2023 | 2023-01-31 | $404.1M | $45.1M | +12.56% |
| Q1 2023 | 2022-10-31 | $371.8M | $32.3M | +9.51% |
| Q4 2022 | 2022-07-31 | $363.8M | $38.5M | +11.84% |
| Q3 2022 | 2022-04-30 | $355.4M | $44.4M | +14.28% |
| Q2 2022 | 2022-01-31 | $359.0M | $92.3M | +34.61% |
| Q1 2022 | 2021-10-31 | $339.5M | $102.1M | +43.01% |
| Q4 2021 | 2021-07-31 | $325.3M | $109.4M | +50.67% |
| Q3 2021 | 2021-04-30 | $311.0M | $114.7M | +58.43% |
| Q2 2021 | 2021-01-31 | $266.7M | $81.3M | +43.85% |
| Q1 2021 | 2020-10-31 | $237.4M | $66.9M | +39.24% |
| Q4 2020 | 2020-07-31 | $215.9M | $57.2M | +36.04% |
| Q3 2020 | 2020-04-30 | $196.3M | $57.2M | +41.12% |
| Q2 2020 | 2020-01-31 | $185.4M | $57.1M | +44.51% |
| Q1 2020 | 2019-10-31 | $170.5M | $57.1M | +50.35% |
| Q4 2019 | 2019-07-31 | $158.7M | $48.4M | +43.88% |
| Q3 2019 | 2019-04-30 | $139.1M | $39.5M | +39.66% |
| Q2 2019 | 2019-01-31 | $128.3M | $31.7M | +32.82% |
| Q1 2019 | 2018-10-31 | $113.4M | $19.2M | +20.38% |
| Q4 2018 | 2018-07-31 | $110.3M | $23.0M | +26.35% |
| Q3 2018 | 2018-04-30 | $99.6M | $13.6M | +15.81% |
| Q2 2018 | 2018-01-31 | $96.6M | $6.7M | +7.45% |
| Q1 2018 | 2017-10-31 | $94.2M | $10.0M | +11.88% |
| Q4 2017 | 2017-07-31 | $87.3M | $10.8M | +14.12% |
| Q3 2017 | 2017-04-30 | $86.0M | $12.0M | +16.22% |
| Q2 2017 | 2017-01-31 | $89.9M | $15.9M | +21.49% |
| Q1 2017 | 2016-10-31 | $84.2M | $24.5M | +41.04% |
| Q4 2016 | 2016-07-31 | $76.5M | $23.4M | +44.07% |
| Q3 2016 | 2016-04-30 | $74.0M | $25.6M | +52.89% |
| Q2 2016 | 2016-01-31 | $74.0M | $27.0M | +57.45% |
| Q1 2016 | 2015-10-31 | $59.7M | $22.4M | +60.05% |
| Q4 2015 | 2015-07-31 | $53.1M | $20.3M | +61.74% |
| Q3 2015 | 2015-04-30 | $48.4M | $20.6M | +73.87% |
| Q2 2015 | 2015-01-31 | $47.0M | $22.7M | +93.79% |
| Q1 2015 | 2014-10-31 | $37.3M | $17.4M | +87.50% |
| Q4 2014 | 2014-07-31 | $32.8M | $15.2M | +86.25% |
| Q3 2014 | 2014-04-30 | $27.8M | $11.8M | +73.46% |
| Q2 2014 | 2014-01-31 | $24.3M | $8.8M | +56.52% |
| Q1 2014 | 2013-10-31 | $19.9M | $6.6M | +49.44% |
| Q4 2013 | 2013-07-31 | $17.6M | $5.9M | +50.07% |
| Q3 2013 | 2013-04-30 | $16.0M | $5.6M | +53.39% |
| Q2 2013 | 2013-01-31 | $15.5M | $7.0M | +81.99% |
| Q1 2013 | 2012-10-31 | $13.3M | $5.5M | +69.62% |
| Q4 2012 | 2012-07-31 | $11.7M | — | — |
| Q3 2012 | 2012-04-30 | $10.5M | — | — |
| Q2 2012 | 2012-01-31 | $8.5M | — | — |
| Q1 2012 | 2011-10-31 | $7.8M | — | — |
Palo Alto Networks r&d spending trends
Over the last five fiscal years, Palo Alto Networks's r&d spending increased from $768.1M to $1.98B, a change of $1.22B. The latest reported quarter, Q3 2026, shows $734.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Palo Alto Networks source filings ↗