TTM
71.9%
YoY change
−0.93pp
Trough year (2009)
53.0%
Peak year (2024)
74.3%
Latest annual
73.4%
Gross Margin history chart for Palo Alto Networks (PANW) from 2009 to 2025
Latest: 73.4%
Gross Margin change chart for Palo Alto Networks (PANW) from 2009 to 2025
Latest: −0.93pp
Gross Margin history table for Palo Alto Networks (PANW) from 2009 to 2025
| 2025 | 73.4% | -0.93pp | ||
| 2024 | 74.3% | +2.05pp | ||
| 2023 | 72.3% | +3.53pp | ||
| 2022 | 68.8% | -1.29pp | ||
| 2021 | 70.0% | -0.63pp | ||
| 2020 | 70.7% | -1.44pp | ||
| 2019 | 72.1% | +0.51pp | ||
| 2018 | 71.6% | -1.33pp | ||
| 2017 | 72.9% | -0.21pp | ||
| 2016 | 73.2% | +0.26pp | ||
| 2015 | 72.9% | -0.41pp | ||
| 2014 | 73.3% | +1.02pp | ||
| 2013 | 72.3% | -0.06pp | ||
| 2012 | 72.3% | -0.44pp | ||
| 2011 | 72.8% | +4.84pp | ||
| 2010 | 68.0% | +14.96pp | ||
| 2009 | 53.0% | — |
- 202573.4%-0.93pp
- 202474.3%+2.05pp
- 202372.3%+3.53pp
- 202268.8%-1.29pp
- 202170.0%-0.63pp
- 202070.7%-1.44pp
- 201972.1%+0.51pp
- 201871.6%-1.33pp
- 201772.9%-0.21pp
- 201673.2%+0.26pp
- 201572.9%-0.41pp
- 201473.3%+1.02pp
- 201372.3%-0.06pp
- 201272.3%-0.44pp
- 201172.8%+4.84pp
- 201068.0%+14.96pp
- 200953.0%—
Gross Margin values are taken from Palo Alto Networks's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Palo Alto Networks (PANW)
According to Palo Alto Networks's latest reported financial statements, the company's latest reported gross margin is 71.9%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Palo Alto Networks (PANW) reported gross margin of 73.41% – contracted 0.9 percentage points year-over-year.
Across the available history, gross margin reached its high of 74.35% in 2024 and its low of 53.00% in 2009.
Palo Alto Networks Gross Margin by Year
Palo Alto Networks Gross Margin 2025: 73.4%
2025's gross margin for Palo Alto Networks came in at 73.41%, contracted 0.9 percentage points from 2024.
Palo Alto Networks Gross Margin 2024: 74.3%
Palo Alto Networks posted gross margin of 74.35% in 2024, expanded 2.1 percentage points from 2023. This figure represents the highest annual value in the available history.
Palo Alto Networks Gross Margin 2023: 72.3%
In 2023, Palo Alto Networks reported gross margin of 72.29%, expanded 3.5 percentage points from 2022.
Palo Alto Networks Gross Margin 2022: 68.8%
Palo Alto Networks gross margin in 2022 was 68.76%, contracted 1.3 percentage points from 2021.
Palo Alto Networks Gross Margin 2021: 70.0%
Palo Alto Networks gross margin in 2021 was 70.05%.
See more financial history for Palo Alto Networks (PANW).
Sector peers by Gross Margin
Technology peers of Palo Alto Networks (PANW), ranked by their latest gross margin
| 74.1% | |
| 68.3% | |
| 67.0% | |
| 61.8% | |
| 58.4% | |
| 52.6% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 61.8%
- 52.6%
- 50.3%
- 47.9%
Frequently asked questions
Palo Alto Networks (PANW) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation