Operating CF
$4.22B
Capex
$76.9M
Free Cash Flow
$4.29B
FCF Margin
+101.8%
Cash flow waterfall for Palo Alto Networks (PANW) — TTM through Q2 2026
Free cash flow: $4.29B
Cash flow breakdown for Palo Alto Networks (PANW) — TTM through Q2 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $4.22B | $4.22B |
| Capital Expenditure | $76.9M | $4.29B |
| Free Cash Flow | $4.29B | $4.29B |
| Acquisitions | -$5.12B | -$824M |
| Other Investing | $2.18B | $1.36B |
| Share Buybacks | -$1B | $356M |
| Net Debt Change | $592M | $949M |
| Other Financing & FX | -$969M | -$20.8M |
| Net Cash Decrease | -$20.8M | -$20.8M |
- Operating Cash Flow$4.22B
- Capital Expenditure$76.9M
- Free Cash Flow$4.29B
- Acquisitions-$5.12B
- Other Investing$2.18B
- Share Buybacks-$1B
- Net Debt Change$592M
- Other Financing & FX-$969M
- Net Cash Decrease-$20.8M
Want to see what drove the FCF change?Free Cash Flow Bridge
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