TTM
9.6%
YoY change
+4.96pp
Trough year (2009)
-142.6%
Peak year (2025)
13.5%
Latest annual
13.5%
Operating Margin history chart for Palo Alto Networks (PANW) from 2009 to 2025
Latest: 13.5%
Operating Margin change chart for Palo Alto Networks (PANW) from 2009 to 2025
Latest: +4.96pp
Operating Margin history table for Palo Alto Networks (PANW) from 2009 to 2025
| 2025 | 13.5% | +4.96pp | ||
| 2024 | 8.5% | +2.90pp | ||
| 2023 | 5.6% | +9.05pp | ||
| 2022 | -3.4% | +3.71pp | ||
| 2021 | -7.1% | -1.89pp | ||
| 2020 | -5.3% | -3.39pp | ||
| 2019 | -1.9% | +2.72pp | ||
| 2018 | -4.6% | +4.83pp | ||
| 2017 | -9.4% | +2.00pp | ||
| 2016 | -11.4% | -0.66pp | ||
| 2015 | -10.8% | +25.24pp | ||
| 2014 | -36.0% | -31.29pp | ||
| 2013 | -4.7% | -6.23pp | ||
| 2012 | 1.5% | +10.30pp | ||
| 2011 | -8.8% | +33.57pp | ||
| 2010 | -42.3% | +100.25pp | ||
| 2009 | -142.6% | — |
- 202513.5%+4.96pp
- 20248.5%+2.90pp
- 20235.6%+9.05pp
- 2022-3.4%+3.71pp
- 2021-7.1%-1.89pp
- 2020-5.3%-3.39pp
- 2019-1.9%+2.72pp
- 2018-4.6%+4.83pp
- 2017-9.4%+2.00pp
- 2016-11.4%-0.66pp
- 2015-10.8%+25.24pp
- 2014-36.0%-31.29pp
- 2013-4.7%-6.23pp
- 20121.5%+10.30pp
- 2011-8.8%+33.57pp
- 2010-42.3%+100.25pp
- 2009-142.6%—
Operating 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 Operating Margin at Palo Alto Networks (PANW)
According to Palo Alto Networks's latest reported financial statements, the company's latest reported operating margin is 9.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
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 operating margin of 13.48% – expanded 5.0 percentage points year-over-year.
The record annual operating margin stands at 13.48%, reached in 2025; the historical low of -142.60% was recorded in 2009.
Palo Alto Networks Operating Margin by Year
Palo Alto Networks Operating Margin 2025: 13.5%
Palo Alto Networks posted operating margin of 13.48% in 2025, expanded 5.0 percentage points from 2024. This figure represents the highest annual value in the available history.
Palo Alto Networks Operating Margin 2024: 8.5%
In 2024, Palo Alto Networks reported operating margin of 8.52%, expanded 2.9 percentage points from 2023.
Palo Alto Networks Operating Margin 2023: 5.6%
Palo Alto Networks operating margin in 2023 was 5.62%, expanded 9.1 percentage points from 2022.
Palo Alto Networks Operating Margin 2022: -3.4%
2022's operating margin for Palo Alto Networks came in at -3.43%, expanded 3.7 percentage points from 2021.
Palo Alto Networks Operating Margin 2021: -7.1%
Palo Alto Networks operating margin in 2021 was -7.15%.
See more financial history for Palo Alto Networks (PANW).
Sector peers by Operating Margin
Technology peers of Palo Alto Networks (PANW), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
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