Palo Alto Networks, Inc. revenue by segment PANW

Palo Alto Networks, Inc. splits its revenue into 3 lines in its filings. The largest line in fiscal 2026, which ended Jul 31, 2026 was Subscription at $6.2 billion, 54% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2026
Jul 31, 2026
FY 2025
Jul 31, 2025
FY 2024
Jul 31, 2024
FY 2023
Jul 31, 2023
FY 2022
Jul 31, 2022
FY 2021
Jul 31, 2021
FY 2020
Jul 31, 2020
FY 2019
Jul 31, 2019
FY 2018
Jul 31, 2018
FY 2017
Jul 31, 2017
Revenue
11,480
9,221
8,027
6,893
5,502
4,256
3,408
2,900
2,273
1,762
Subscription
6,239
+25.4%
share 54.3%
4,974
+18.8%
share 53.9%
4,188
+25.6%
share 52.2%
3,335
+31.4%
share 48.4%
2,539
+33.7%
share 46.2%
1,899
+35.1%
share 44.6%
1,405
+36.1%
share 41.2%
1,033
+36.2%
share 35.6%
758
share 33.4%
—
Support
2,961
+21.1%
share 25.8%
2,445
+9.3%
share 26.5%
2,236
+13.0%
share 27.9%
1,979
+23.7%
share 28.7%
1,599
+29.3%
share 29.1%
1,237
+31.7%
share 29.1%
939
+21.8%
share 27.5%
771
+21.2%
share 26.6%
636
share 28.0%
—
Product
2,280
+26.5%
share 19.9%
1,802
+12.4%
share 19.5%
1,603
+1.6%
share 20.0%
1,578
+15.8%
share 22.9%
1,363
+21.7%
share 24.8%
1,120
+5.3%
share 26.3%
1,064
-2.9%
share 31.2%
1,096
+24.6%
share 37.8%
880
share 38.7%
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.

Company profile

Industry
Computer Peripheral Equipment, NEC (SIC 3577)
Listed as
PANW (Nasdaq)
Fiscal year ends
July 31
Incorporated in
DE
Headquarters
Santa Clara, CA
SEC filer status
Large accelerated filer
SEC CIK
1327567
Former names
Palo Alto Networks Inc (until Nov 4, 2026)

Other Computer Peripheral Equipment, NEC companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.