Capital Expenditures for Palo Alto Networks (PANW)
According to Palo Alto Networks's latest reported financial statements, the company's current capital expenditures (TTM) is $396.20M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$396.20M
YoY change
+57.0%
5Y CAGR
+2.8%
Peak year (2025)
$246.20M
Cumulative capital expenditures
$1.67B
CapEx history chart for Palo Alto Networks (PANW) from 2009 to 2025
CapEx history table for Palo Alto Networks (PANW) from 2009 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $246.20M | +57.0% | ||
| 2024 | $156.80M | +7.2% | ||
| 2023 | $146.30M | -24.1% | ||
| 2022 | $192.80M | +66.2% | ||
| 2021 | $116.00M | -45.9% | ||
| 2020 | $214.40M | +63.4% | ||
| 2019 | $131.20M | +17.1% | ||
| 2018 | $112.00M | -31.5% | ||
| 2017 | $163.40M | +125.4% | ||
| 2016 | $72.50M | +114.3% | ||
| 2015 | $33.83M | -6.3% | ||
| 2014 | $36.11M | +60.9% | ||
| 2013 | $22.44M | +54.1% | ||
| 2012 | $14.56M | +12.0% | ||
| 2011 | $13.00M | +671.5% | ||
| 2010 | $1.69M | +61.2% | ||
| 2009 | $1.04M | — |
CapEx values are taken from Palo Alto Networks's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Palo Alto Networks (PANW) capital expenditures totalled $246.20M – surged 57.0% year-over-year.
Across 2020–2025 (5 years), Palo Alto Networks capital expenditures produced a CAGR of +2.8% – sustaining 2 straight years of year-over-year growth.
The highest annual capital expenditures of $246.20M was reported in 2025. The lowest in the available history was $1.04M in 2009.
Among 8 Technology peers, Palo Alto Networks (PANW) ranks 9th; the peer median for capital expenditures is $9.38B.
Palo Alto Networks Capital Expenditures by Year
Palo Alto Networks Capital Expenditures 2025: $246.20M
Palo Alto Networks capital expenditures in 2025 was $246.20M, surged 57.0% from 2024. This figure represents the highest annual value in the available history.
Palo Alto Networks Capital Expenditures 2024: $156.80M
Palo Alto Networks capital expenditures in 2024 was $156.80M, grew 7.2% from 2023.
Palo Alto Networks Capital Expenditures 2023: $146.30M
Palo Alto Networks capital expenditures in 2023 was $146.30M, declined 24.1% below 2022.
Palo Alto Networks Capital Expenditures 2022: $192.80M
Palo Alto Networks capital expenditures in 2022 was $192.80M, surged 66.2% from 2021.
Palo Alto Networks Capital Expenditures 2021: $116.00M
Palo Alto Networks capital expenditures in 2021 was $116.00M.
See more financial history for Palo Alto Networks (PANW).
Sector peers — CapEx
Companies in the same sector as Palo Alto Networks, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Palo Alto Networks's capital expenditures?
- Latest reported capital expenditures for Palo Alto Networks (PANW) is $396.20M (period ending January 31, 2026).
How has Palo Alto Networks capital expenditures changed year-over-year?
- Palo Alto Networks (PANW) capital expenditures changed +57.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Palo Alto Networks capital expenditures?
- Palo Alto Networks (PANW) capital expenditures compound annual growth rate is +2.8% over the most recent 5 years available.
When did Palo Alto Networks capital expenditures hit its highest annual value?
- Palo Alto Networks capital expenditures reached its highest annual value of $246.20M in 2025.
What was Palo Alto Networks capital expenditures in 2024?
- Palo Alto Networks (PANW) capital expenditures in 2024 was $156.80M.
What was Palo Alto Networks capital expenditures in 2025?
- Palo Alto Networks (PANW) capital expenditures in 2025 was $246.20M.
Metrics overview
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