TTM
$1.02B
YoY change
+81.7%
5Y CAGR
—
Peak year (2025)
$1.24B
Cumulative operating income
$1.31B
Operating Income history chart for Palo Alto Networks (PANW) from 2009 to 2025
Latest: $1.24B
Operating Income growth chart for Palo Alto Networks (PANW) from 2009 to 2025
Latest: +81.7%
Operating Income history table for Palo Alto Networks (PANW) from 2009 to 2025
| 2025 | $1.24B | +81.7% | +$559.00M | ||
| 2024 | $683.90M | +76.6% | +$296.60M | ||
| 2023 | $387.30M | -305.1% | +$576.10M | ||
| 2022 | −$188.80M | -37.9% | +$115.30M | ||
| 2021 | −$304.10M | +69.9% | −$125.10M | ||
| 2020 | −$179.00M | +230.9% | −$124.90M | ||
| 2019 | −$54.10M | -48.1% | +$50.10M | ||
| 2018 | −$104.20M | -37.2% | +$61.60M | ||
| 2017 | −$165.80M | +5.4% | −$8.50M | ||
| 2016 | −$157.30M | +57.6% | −$57.50M | ||
| 2015 | −$99.80M | -53.6% | +$115.50M | ||
| 2014 | −$215.30M | +1056.2% | −$196.68M | ||
| 2013 | −$18.62M | -578.6% | −$22.51M | ||
| 2012 | $3.89M | -137.4% | +$14.29M | ||
| 2011 | −$10.40M | -49.6% | +$10.25M | ||
| 2010 | −$20.66M | +8.5% | −$1.62M | ||
| 2009 | −$19.04M | — | — |
- 2025$1.24B+81.7%
- 2024$683.90M+76.6%
- 2023$387.30M-305.1%
- 2022−$188.80M-37.9%
- 2021−$304.10M+69.9%
- 2020−$179.00M+230.9%
- 2019−$54.10M-48.1%
- 2018−$104.20M-37.2%
- 2017−$165.80M+5.4%
- 2016−$157.30M+57.6%
- 2015−$99.80M-53.6%
- 2014−$215.30M+1056.2%
- 2013−$18.62M-578.6%
- 2012$3.89M-137.4%
- 2011−$10.40M-49.6%
- 2010−$20.66M+8.5%
- 2009−$19.04M—
Operating Income 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 Operating Income at Palo Alto Networks (PANW)
According to Palo Alto Networks's latest reported financial statements, the company's current operating income (TTM) is $1.02B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Palo Alto Networks (PANW) reported operating income of $1.24B – surged 81.7% year-over-year.
2025 marks the peak operating income at $1.24B, with the historical low of −$304.10M recorded in 2021.
Palo Alto Networks Operating Income by Year
Palo Alto Networks Operating Income 2025: $1.24B
In 2025, Palo Alto Networks reported operating income of $1.24B, surged 81.7% from 2024. This figure represents the highest annual value in the available history.
Palo Alto Networks Operating Income 2024: $683.90M
Palo Alto Networks operating income in 2024 was $683.90M, surged 76.6% from 2023.
Palo Alto Networks Operating Income 2023: $387.30M
2023's operating income for Palo Alto Networks came in at $387.30M, plunged 305.1% below 2022.
Palo Alto Networks Operating Income 2022: −$188.80M
Palo Alto Networks posted operating income of −$188.80M in 2022, plunged 37.9% below 2021.
Palo Alto Networks Operating Income 2021: −$304.10M
Palo Alto Networks operating income in 2021 was −$304.10M.
See more financial history for Palo Alto Networks (PANW).
Sector peers by Operating Income
Technology peers of Palo Alto Networks (PANW), ranked by their latest operating income
| $133.05B | |
| $130.39B | |
| $128.53B | |
| $63.06B | |
| $25.48B | |
| $13.16B | |
| $9.87B | |
| $3.69B |
- $133.05B
- $130.39B
- $128.53B
- $63.06B
- $25.48B
- $13.16B
- $9.87B
- $3.69B
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