PANW

Palo Alto Networks Inc

Ticker: PANWIndustrialsIndustrial MachineryS&P 500
HQ SANTA CLARA, CACIK 1327567FY end 07-31Book / share $37.19Shares 744M
Revenue (FY)
$9.22B+14.87%
TTM $10.61B
Op. margin
13.48%+4.96%
TTM 9.62%
Net income
$1.13B-56.01%
TTM $842.80M
Operating cash
$3.72B+14.07%
TTM $4.22B
Free cash flow
$3.47B+11.90%
TTM $3.79B
Return on equity
14.49%-35.37%
TTM 3.05%
Debt / equity
0.00-0.19%
TTM 0.05
Shares outstanding
709.3M+100.37%
TTM 744.0M

The business

Palo Alto Networks, Inc. (NASDAQ: PANW) is a global cybersecurity provider headquartered in Santa Clara, California, with a mission to be the cybersecurity partner of choice for enterprises, organizations, service providers, and government entities. The company's website is www.paloaltonetworks.com.

The company operates through three primary business segments: Network Security, Security Operations, and Threat Intelligence and Advisory Services. Network Security encompasses Secure Access Service Edge solutions including Prisma Access and Prisma SD-WAN, next-generation firewalls for both hardware and cloud environments, cloud-delivered security services such as Advanced Threat Prevention and Advanced WildFire, and management solutions like Strata Cloud Manager. Security Operations includes the AI-powered Cortex platform, which consolidates security information and event management, endpoint detection and response, security orchestration and automation, attack surface management, and cloud security capabilities into unified offerings. Threat Intelligence and Advisory Services comprises customer support, incident response, security consulting through the Unit 42 division, and professional services.

As of July 31, 2025, Palo Alto Networks employed 16,068 people globally and maintained more than 8,500 channel partners through its NextWave Channel Partner program. The company serves enterprises, service providers, and government entities across industries including education, energy, financial services, healthcare, manufacturing, and telecommunications. No single customer accounted for more than ten percent of total revenue in fiscal 2025.

The company distributes its products and services primarily through an indirect two-tier channel model involving distributors and resellers, with forty-four percent of fiscal 2025 revenue derived from three major distributors. Additionally, Palo Alto Networks sells virtual firewalls and cloud offerings through major cloud marketplaces including AWS, Microsoft Azure, Google Cloud, and Oracle Cloud.

The company's strategy centers on platformization, consolidating disparate point products into tightly integrated architectures powered by artificial intelligence and automation. Recent acquisitions include QRadar assets from IBM in August 2024 and Protect AI in July 2025, with a definitive agreement to acquire CyberArk Software Ltd. pending completion in fiscal 2026. Manufacturing is outsourced to third-party partners, with all hardware products assembled in the United States.

Sector
Industrials
Industry
Industrial Machinery
HQ
SANTA CLARA, CA
FY end
07-31
CIK
1327567
SIC
3577
Financial performance · annual
20132025
$-1.61B$1.72B$5.05B$8.39B$11.72B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Palo Alto Networks Inc — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

1.0K
funds hold it
1 of 35
superinvestors hold it
$73.85B
fund-held value
28.8%
of shares held by funds
2
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.38%$8.83B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.43%$7.17B
Invesco QQQ Trust, Series 1
QQQ
1.21%$5.91B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.43%$3.80B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
0.43%$3.35B

Superinvestors in Palo Alto Networks Inc

Stanley DruckenmillerNEW
Duquesne Family Office
0.9%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 2 issues of Palo Alto Networks Inc's debt, $291.95M at fund-held market value — what funds hold, not the company's debt outstanding.

IssueCouponMaturesFundsFund-held
CyberArk Software Ltd0.000%None2030-06-1519$202.79M
CyberArk Software Ltd.0.000%None2030-06-1523$89.17M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of Palo Alto Networks Inc's financials

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