Operating Income for Palo Alto Networks (PANW)
According to Palo Alto Networks's latest reported financial statements, the company's current operating income (TTM) is $1.43B USD. 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 .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.43B
YoY change
+81.7%
5Y CAGR
N/A
Peak year (2025)
$1.24B
Cumulative operating income
$780.87M
Operating Income history chart for Palo Alto Networks (PANW) from 2009 to 2025
Operating Income history table for Palo Alto Networks (PANW) from 2009 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 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 (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
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.
Within Technology, Palo Alto Networks (PANW) ranks 9th among 8 peers we track. The peer median for operating income is $77.01B.
Palo Alto Networks Operating Income by Year
Palo Alto Networks Operating Income 2025: $1.24B
Palo Alto Networks operating income in 2025 was $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
Palo Alto Networks operating income in 2023 was $387.30M, plunged 305.1% below 2022.
Palo Alto Networks Operating Income 2022: -$188.80M
Palo Alto Networks operating income in 2022 was -$188.80M, 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 — Operating Income
Companies in the same sector as Palo Alto Networks, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Palo Alto Networks's operating income?
- Latest reported operating income for Palo Alto Networks (PANW) is $1.43B (period ending January 31, 2026).
How has Palo Alto Networks operating income changed year-over-year?
- Palo Alto Networks (PANW) operating income changed +81.7% year-over-year on the latest annual filing.
When did Palo Alto Networks operating income hit its highest annual value?
- Palo Alto Networks operating income reached its highest annual value of $1.24B in 2025.
What was Palo Alto Networks operating income in 2024?
- Palo Alto Networks (PANW) operating income in 2024 was $683.90M.
What was Palo Alto Networks operating income in 2025?
- Palo Alto Networks (PANW) operating income in 2025 was $1.24B.
Metrics overview
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