Palo Alto Networks (PANW) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Palo Alto Networks Revenue Highlights

Latest Revenue (Y)

$9.22B

Latest Revenue (Q)

$2.26B

Main Segment (Y)

Subscription

Main Geography (Y)

Americas

Palo Alto Networks Revenue by Period

Palo Alto Networks Revenue by Year

Date	Revenue	Change
2025-07-31	$9.22B	14.87%
2024-07-31	$8.03B	16.46%
2023-07-31	$6.89B	25.29%
2022-07-31	$5.50B	29.26%
2021-07-31	$4.26B	24.87%
2020-07-31	$3.41B	17.55%
2019-07-31	$2.90B	27.56%
2018-07-31	$2.27B	29.04%
2017-07-31	$1.76B	27.79%
2016-07-31	$1.38B	48.54%
2015-07-31	$928.05M	55.15%
2014-07-31	$598.18M	51.01%
2013-07-31	$396.11M	55.25%
2012-07-31	$255.14M	115.13%
2011-07-31	$118.60M	143.12%
2010-07-31	$48.78M	265.35%
2009-07-31	$13.35M	-

Palo Alto Networks generated $9.22B in revenue during NA 2025, up 14.87% compared to the previous quarter, and up 270.55% compared to the same period a year ago.

Palo Alto Networks Revenue by Quarter

Date	Revenue	Change
2025-01-31	$2.26B	5.55%
2024-10-31	$2.14B	-2.32%
2024-07-31	$2.19B	10.31%
2024-04-30	$1.98B	0.49%
2024-01-31	$1.98B	5.16%
2023-10-31	$1.88B	-3.85%
2023-07-31	$1.95B	13.50%
2023-04-30	$1.72B	3.98%
2023-01-31	$1.66B	5.87%
2022-10-31	$1.56B	0.83%
2022-07-31	$1.55B	11.81%
2022-04-30	$1.39B	5.30%
2022-01-31	$1.32B	5.57%
2021-10-31	$1.25B	2.30%
2021-07-31	$1.22B	13.54%
2021-04-30	$1.07B	5.61%
2021-01-31	$1.02B	7.49%
2020-10-31	$946.00M	-0.46%
2020-07-31	$950.40M	9.32%
2020-04-30	$869.40M	6.45%
2020-01-31	$816.70M	5.80%
2019-10-31	$771.90M	-4.21%
2019-07-31	$805.80M	10.90%
2019-04-30	$726.60M	2.17%
2019-01-31	$711.20M	8.41%
2018-10-31	$656.00M	-0.32%
2018-07-31	$658.10M	16.05%
2018-04-30	$567.10M	4.55%
2018-01-31	$542.40M	7.30%
2017-10-31	$505.50M	-0.71%
2017-07-31	$509.10M	17.90%
2017-04-30	$431.80M	2.18%
2017-01-31	$422.60M	6.15%
2016-10-31	$398.10M	-0.67%
2016-07-31	$400.80M	15.91%
2016-04-30	$345.80M	3.32%
2016-01-31	$334.70M	12.62%
2015-10-31	$297.20M	4.69%
2015-07-31	$283.88M	21.23%
2015-04-30	$234.17M	7.59%
2015-01-31	$217.66M	13.16%
2014-10-31	$192.35M	7.92%
2014-07-31	$178.23M	18.27%
2014-04-30	$150.70M	6.83%
2014-01-31	$141.07M	10.05%
2013-10-31	$128.18M	14.05%
2013-07-31	$112.39M	10.95%
2013-04-30	$101.29M	4.96%
2013-01-31	$96.50M	12.29%
2012-10-31	$85.93M	13.61%
2012-07-31	$75.64M	15.13%
2012-04-30	$65.70M	15.91%
2012-01-31	$56.68M	-0.75%
2011-10-31	$57.11M	41.98%
2011-07-31	$40.23M	29.10%
2011-04-30	$31.16M	-

Palo Alto Networks generated $2.26B in revenue during Q2 2025, up 5.55% compared to the previous quarter, and up 120.20% compared to the same period a year ago.

Palo Alto Networks Revenue Breakdown

Palo Alto Networks Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Jul 25	Jul 24	Jul 23	Jul 22	Jul 21
Support	$2.45B	$2.24B	$1.60B	$1.24B	-
Subscription	$4.97B	$4.19B	$2.54B	$1.90B	-
Product	$1.80B	$1.60B	$1.58B	$1.36B	$1.12B
Service	-	$6.42B	$5.31B	$4.14B	$3.14B

Palo Alto Networks's latest annual revenue breakdown by segment (product or service), as of Jul 25: Subscription (53.94%), Support (26.52%), and Product (19.54%).

Quarterly Revenue by Product

Product/Service	Jul 25	Apr 25	Jan 25	Oct 24	Jul 24	Apr 24	Oct 23	Jul 23	Apr 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20
Product	$573.90M	$452.70M	$421.50M	$353.80M	$871.20M	$391.00M	$341.10M	$507.40M	$388.10M	$352.90M	$330.00M	$408.10M	$351.50M	$308.00M	$295.50M	$339.40M	$288.90M	$254.70M	$237.30M	$305.60M
Subscription	$1.31B	$1.23B	$1.23B	$1.19B	$2.15B	$1.05B	$988.30M	$1.76B	$815.40M	$764.00M	$702.40M	$639.80M	$618.00M	$578.80M	$535.30M	$473.80M	$461.70M	$428.00M	$389.80M	-
Support	$647.40M	$601.90M	$602.70M	$593.20M	$1.14B	$548.20M	$548.70M	$1.02B	$486.80M	$469.40M	$440.00M	$395.40M	$390.90M	$373.10M	$344.60M	$311.20M	$300.50M	$280.70M	$255.00M	-
Service	-	-	-	$1.78B	$3.29B	$1.59B	$1.54B	$1.45B	$1.33B	$1.30B	$1.23B	$1.14B	$1.04B	$1.01B	$951.90M	$879.90M	$785.00M	$762.20M	$708.70M	$644.80M

Palo Alto Networks's latest quarterly revenue breakdown by segment (product or service), as of Jul 25: Subscription (51.85%), Support (25.53%), and Product (22.63%).

Palo Alto Networks Revenue Breakdown by Country

Annual Revenue by Country

Country	Jul 25	Jul 24	Jul 23	Jul 22	Jul 21
Americas	$6.21B	$5.48B	$4.72B	$3.80B	$2.94B
EMEA	$1.92B	$1.60B	$1.36B	$1.06B	$817.30M
Asia Pacific	$1.10B	$942.60M	$813.20M	$643.10M	$501.30M
Other Americas	-	-	$295.70M	$242.30M	$189.70M
UNITED STATES	-	-	$4.42B	$3.56B	$2.75B
Product	-	-	-	$1.36B	-
Service	-	-	-	$4.14B	-
Support	-	-	-	$1.60B	-
Subscription	-	-	-	$2.54B	-

Palo Alto Networks's latest annual revenue breakdown by geography, as of Jul 25: Americas (67.29%), EMEA (20.79%), and Asia Pacific (11.92%).

Quarterly Revenue by Country

Country	Jul 25	Apr 25	Jan 25	Oct 24	Jul 24	Apr 24	Oct 23	Jul 23	Apr 23	Jan 23	Oct 22	Jul 22	Apr 22	Jan 22	Oct 21	Jul 21	Apr 21	Jan 21	Oct 20	Jul 20
EMEA	$515.10M	$480.90M	$480.00M	$441.40M	$837.90M	$399.20M	$364.90M	$378.10M	$332.10M	$341.50M	$307.90M	$300.30M	$269.50M	$252.20M	$233.80M	$230.40M	$210.20M	$205.80M	$170.90M	$179.50M
Asia Pacific	$289.80M	$278.90M	$275.00M	$255.30M	$490.00M	$226.00M	$226.60M	$222.20M	$209.60M	$196.60M	$184.80M	$178.90M	$168.50M	$148.80M	$146.90M	$147.10M	$129.20M	$120.20M	$104.80M	$111.50M
Americas	$1.73B	$1.53B	$1.50B	$1.44B	$5.67B	$1.36B	$1.29B	$1.35B	$1.18B	$1.12B	$1.07B	$1.07B	$948.70M	$915.90M	$866.70M	$841.80M	$734.50M	$690.90M	$670.30M	$659.40M
Other Americas	-	-	-	-	-	$88.50M	$82.30M	$82.60M	$74.00M	$74.70M	$64.40M	$68.50M	$61.50M	$57.30M	$55.00M	$51.80M	$49.10M	$46.90M	$41.90M	$44.80M
UNITED STATES	-	-	-	-	-	$1.27B	$1.20B	$1.27B	$1.11B	$1.04B	$1.01B	$1.00B	$887.20M	$858.60M	$811.70M	$790.00M	$685.40M	$644.00M	$628.40M	$614.60M
Service	-	-	-	-	-	-	-	-	-	$1.30B	-	-	-	-	-	-	-	-	-	-
Support	-	-	-	-	-	-	-	-	-	$486.80M	-	-	-	-	-	-	-	-	-	-
Subscription	-	-	-	-	-	-	-	-	-	$815.40M	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	-	-	-	-	-	$352.90M	-	-	-	-	-	-	-	-	-	-

Palo Alto Networks's latest quarterly revenue breakdown by geography, as of Jul 25: Americas (68.26%), EMEA (20.31%), and Asia Pacific (11.43%).

Palo Alto Networks Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ADBE	Adobe	$21.50B	$5.87B
NOW	ServiceNow	$10.98B	$3.21B
PANW	Palo Alto Networks	$9.22B	$2.26B
FTNT	Fortinet	$5.96B	$1.63B
CRWD	CrowdStrike	$3.95B	$1.17B
PLTR	Palantir	$2.87B	$1.00B
ZS	Zscaler	$2.67B	$647.90M

PANW Revenue FAQ

What is Palo Alto Networks’s yearly revenue?

Palo Alto Networks's yearly revenue for 2025 was $9.22B, representing an increase of 14.87% compared to 2024. The company's yearly revenue for 2024 was $8.03B, representing an increase of 16.46% compared to 2023. PANW's yearly revenue for 2023 was $6.89B, representing an increase of 25.29% compared to 2022.

What is Palo Alto Networks’s quarterly revenue?

Palo Alto Networks's quarterly revenue for Q2 2025 was $2.26B, a 5.55% increase from the previous quarter (Q1 2025), and a 14.29% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $2.14B, a -2.32% decrease from the previous quarter (Q4 2024), and a 13.88% increase year-over-year (Q1 2024). PANW's quarterly revenue for Q4 2024 was $2.19B, a 10.31% increase from the previous quarter (Q3 2024), and a 12.09% increase year-over-year (Q4 2023).

What is Palo Alto Networks’s revenue growth rate?

Palo Alto Networks's revenue growth rate for the last 3 years (2023-2025) was 33.79%, and for the last 5 years (2021-2025) was 116.67%.

What are Palo Alto Networks’s revenue streams?

Palo Alto Networks's revenue streams in l 25 are Support, Subscription, and Product. Support generated $2.45B in revenue, accounting 26.52% of the company's total revenue, up 9.37% year-over-year. Subscription generated $4.97B in revenue, accounting 53.94% of the company's total revenue, up 18.76% year-over-year. Product generated $1.8B in revenue, accounting 19.54% of the company's total revenue, up 12.39% year-over-year.

What is Palo Alto Networks’s main source of revenue?

For the fiscal year ending Jul 25, the largest source of revenue of Palo Alto Networks was Subscription. This segment made a revenue of $4.97B, representing 53.94% of the company's total revenue.