Palo Alto Networks annual return on equity
2012
2013
2014
2015
2016
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2018
2019
2020
2021
2022
2023
2024
2025
Palo Alto Networks Return on Equity (ROE) Growth & History (PANW)
Palo Alto Networks's return on equity was 17.45% for fiscal 2025.
View full Palo Alto Networks company overviewPalo Alto Networks annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-07-31 | 17.45% | −57.07 pp |
| 2024 | 2024-07-31 | 74.53% | +29.62 pp |
| 2023 | 2023-07-31 | 44.90% | +108.14 pp |
| 2022 | 2022-07-31 | −63.23% | −5.77 pp |
| 2021 | 2021-07-31 | −57.47% | −37.60 pp |
| 2020 | 2020-07-31 | −19.87% | −13.90 pp |
| 2019 | 2019-07-31 | −5.96% | +6.77 pp |
| 2018 | 2018-07-31 | −12.73% | +11.81 pp |
| 2017 | 2017-07-31 | −24.54% | +3.33 pp |
| 2016 | 2016-07-31 | −27.87% | −0.42 pp |
| 2015 | 2015-07-31 | −27.45% | +33.68 pp |
| 2014 | 2014-07-31 | −61.13% | −49.47 pp |
| 2013 | 2013-07-31 | −11.66% | −12.60 pp |
| 2012 | 2012-07-31 | 0.94% | — |
Palo Alto Networks quarterly return on equity
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Q3.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-04-30 | −0.96% | −4.81 pp |
| Q2 2026 | 2026-01-31 | 4.78% | +0.44 pp |
| Q1 2026 | 2025-10-31 | 4.05% | −2.28 pp |
| Q4 2025 | 2025-07-31 | 3.37% | −4.05 pp |
| Q3 2025 | 2025-04-30 | 3.85% | −2.47 pp |
| Q2 2025 | 2025-01-31 | 4.35% | −49.18 pp |
| Q1 2025 | 2024-10-31 | 6.34% | −3.58 pp |
| Q4 2024 | 2024-07-31 | 7.42% | −7.85 pp |
| Q3 2024 | 2024-04-30 | 6.32% | −4.67 pp |
| Q2 2024 | 2024-01-31 | 53.52% | +39.91 pp |
| Q1 2024 | 2023-10-31 | 9.91% | +4.34 pp |
| Q4 2023 | 2023-07-31 | 15.28% | +14.07 pp |
| Q3 2023 | 2023-04-30 | 10.99% | +43.14 pp |
| Q2 2023 | 2023-01-31 | 13.61% | +42.98 pp |
| Q1 2023 | 2022-10-31 | 5.57% | +23.54 pp |
| Q4 2022 | 2022-07-31 | 1.21% | +15.83 pp |
| Q3 2022 | 2022-04-30 | −32.15% | −17.88 pp |
| Q2 2022 | 2022-01-31 | −29.37% | −13.42 pp |
| Q1 2022 | 2021-10-31 | −17.96% | −7.99 pp |
| Q4 2021 | 2021-07-31 | −14.62% | −8.24 pp |
| Q3 2021 | 2021-04-30 | −14.26% | −7.91 pp |
| Q2 2021 | 2021-01-31 | −15.95% | −11.23 pp |
| Q1 2021 | 2020-10-31 | −9.97% | −6.13 pp |
| Q4 2020 | 2020-07-31 | −6.38% | −5.01 pp |
| Q3 2020 | 2020-04-30 | −6.36% | −4.76 pp |
| Q2 2020 | 2020-01-31 | −4.72% | −4.49 pp |
| Q1 2020 | 2019-10-31 | −3.84% | −0.67 pp |
| Q4 2019 | 2019-07-31 | −1.37% | −2.11 pp |
| Q3 2019 | 2019-04-30 | −1.60% | +4.36 pp |
| Q2 2019 | 2019-01-31 | −0.22% | +3.72 pp |
| Q1 2019 | 2018-10-31 | −3.17% | +5.70 pp |
| Q4 2018 | 2018-07-31 | 0.74% | +5.60 pp |
| Q3 2018 | 2018-04-30 | −5.96% | +1.27 pp |
| Q2 2018 | 2018-01-31 | −3.94% | +3.07 pp |
| Q1 2018 | 2017-10-31 | −8.87% | −2.37 pp |
| Q4 2017 | 2017-07-31 | −4.86% | −0.82 pp |
| Q3 2017 | 2017-04-30 | −7.23% | +3.01 pp |
| Q2 2017 | 2017-01-31 | −7.02% | +3.07 pp |
| Q1 2017 | 2016-10-31 | −6.50% | +1.24 pp |
| Q4 2016 | 2016-07-31 | −4.04% | +5.72 pp |
| Q3 2016 | 2016-04-30 | −10.24% | −0.78 pp |
| Q2 2016 | 2016-01-31 | −10.08% | −1.56 pp |
| Q1 2016 | 2015-10-31 | −7.73% | −1.48 pp |
| Q4 2015 | 2015-07-31 | −9.76% | −1.10 pp |
| Q3 2015 | 2015-04-30 | −9.46% | +43.26 pp |
| Q2 2015 | 2015-01-31 | −8.52% | +5.39 pp |
| Q1 2015 | 2014-10-31 | −6.26% | −3.46 pp |
| Q4 2014 | 2014-07-31 | −8.66% | −2.76 pp |
| Q3 2014 | 2014-04-30 | −52.72% | −49.85 pp |
| Q2 2014 | 2014-01-31 | −13.91% | −12.82 pp |
| Q1 2014 | 2013-10-31 | −2.80% | −1.28 pp |
| Q4 2013 | 2013-07-31 | −5.91% | — |
| Q3 2013 | 2013-04-30 | −2.87% | — |
| Q2 2013 | 2013-01-31 | −1.09% | — |
| Q1 2013 | 2012-10-31 | −1.51% | — |
Palo Alto Networks return on equity trends
Over the last five fiscal years, Palo Alto Networks's return on equity increased from −19.87% to 17.45%, a change of +37.32 percentage points. The latest reported quarter, Q3 2026, shows −0.96%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Palo Alto Networks source filings ↗