StockVS

NASDAQ · Software - Infrastructure · USD

Palo Alto Networks, Inc. (PANW) Stock Analysis

Palo Alto Networks, Inc. (PANW) is a Software - Infrastructure stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

PANW

$347.25

+$6.97 (+2.05%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare PANW with… →

PANW Key Statistics

As of Oct 21, 2026
Trading
Open
$343.32
Previous Close
$340.28
Day's Range
339.53–354.42
52-Week Range
139.57–432.33
Volume
5.14M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.93
Valuation
Market Cap
$284.05B
P/E Ratio
868.13
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
71.17
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.74
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
24.74
EPS (ttm)Profit attributable to each share over the last twelve months.
0.40
Financials (FY)
Revenue (FY)
$9.22B+14.87%
Net Income (FY)
$1.13B−56.01%
Profit marginThe share of revenue left as profit after all costs and taxes.
2.67%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
818.00M
1-Year Return
+61.96%
Dividend and dates
Earnings Date
November 19, 2026estimated
Avg Volume
5.98M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, PANW closed at $347.25, +61.96% over 1 year.

Palo Alto Networks, Inc. (PANW) has a market capitalization of $284.05B.

In fiscal 2025, PANW reported revenue of $9.22B.

PANW Stock Return by Calendar Year

Palo Alto Networks, Inc. (PANW) 10-year return: what $10,000 became

1 year
$10,000 $16,196
+61.96%
5 years
$10,000 $41,014
+310.14%
10 years
$10,000 $138,743
+1,287.43%

If you had invested $10,000 in Palo Alto Networks, Inc. (PANW) 10 years ago, at the close on October 21, 2016, it would have been worth $138,743 at the close on October 21, 2026: +1,287.43% in total, +30.08% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+88.52%
2025+1.23%
2024+23.41%
2023+111.32%
2022−24.81%
2021+56.66%
2020+53.68%
2019+22.78%
2018+29.95%
2017+15.91%
2016 (partial year)−2.61%

As of October 21, 2026.

PANW Revenue and Earnings by Fiscal Year

FY ends July
Fiscal yearRevenueNet incomeNet margin
2025$9.22B$1.13B12.3%
2024$8.03B$2.58B32.1%
2023$6.89B$439.70M6.4%
2022$5.50B−$267.00M−4.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$9.22B$6.77B$1.24B$1.13B12.3%
2024$8.03B$5.97B$683.90M$2.58B32.1%
2023$6.89B$4.98B$387.30M$439.70M6.4%
2022$5.50B$3.78B−$188.80M−$267.00M−4.9%

Annual figures as reported, in the company's reporting currency. As of July 31, 2025.

PANW Valuation vs Software - Infrastructure Median

Median of 182 stocks
MetricPANWSoftware - Infrastructure medianvs median
P/E868.1330.1728.8x the median
P/S ratio24.743.277.6x the median
Profit margin2.67%2.53%0.1 pts above

Medians across 182 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Palo Alto Networks, Inc. (PANW) is capitalised at $284.05B on the latest close. It is classified in the Software - Infrastructure industry, within the Technology sector. Headcount on file is 21,921.

Over the past 52 weeks the price has ranged from $139.57 to $432.33. PANW last closed at $347.25 on October 21, 2026. That is +$6.97 (+2.05%) against the previous close. The latest close sits 148.8% above that 52-week low.

Financial Health

In fiscal 2025, Palo Alto Networks, Inc. reported revenue of $9.22B. That is +14.87% against the prior fiscal year, when revenue was $8.03B. Net income for the same year was $1.13B. That is −56.01% against the prior fiscal year. The reported profit margin is 2.67%. That is 0.1 percentage points above the Software - Infrastructure median of 2.53%. Earnings per share on a trailing basis come to 0.4.

Across the 4 fiscal years on file, revenue moves from $5.50B in 2022 to $9.22B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 868.13. That is 28.8 times the Software - Infrastructure median of 30.17. On forward earnings the ratio is 71.17. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.74. The price-to-sales ratio is 24.74. On price-to-sales that is 7.6 times the Software - Infrastructure median of 3.27. The medians here are taken across 182 Software - Infrastructure companies that report the metric.

The reported beta is 0.93. Annualized volatility over the trailing 10 years is 39.76%. The trailing one-year total return is +61.96%. Across 10 years the annualized return works out at +30.08%.

Growth & Income

No dividend is on file for PANW.

2026 is still running; the total return is +88.52% year to date. The strongest complete calendar year on file is 2023 at +111.32%; the weakest is 2022 at −24.81%. Of the 9 complete calendar years on file, 8 finished higher.

Peer Comparison

Palo Alto Networks, Inc. (PANW) operates in the Software - Infrastructure industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Palo Alto Networks, Inc. PANW $284.05B 868.1
Microsoft Corporation MSFT $3.96T 29.7
Palantir Technologies Inc. PLTR $484.74B 173.9
Oracle Corporation ORCL $391.46B 20.2

The Software - Infrastructure industry average P/E ratio is 30.2x. Palo Alto Networks, Inc. trades at a P/E of 868.1.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Software - Infrastructure Stocks

View all Software - Infrastructure stocks →

Popular Technology Stocks

View all Technology stocks →

About Palo Alto Networks, Inc.

Palo Alto Networks, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers Prisma Access, a secure access service edge solution; Strata Cloud Manager, a network security management solution; and Prisma AIRS to protect customers' entire AI ecosystem. It provides a comprehensive cloud native application protection platform; and Code to Cloud platform, as well as offers VM-Series and CN-Series virtual firewalls for inline network security on multi- and hybrid-cloud environments. It provides security operation solutions through the Cortex platform that includes Cortex XSIAM, an AI-driven security operations platform; Cortex XDR to prevent, detect, and respond to cybersecurity attacks; and Cortex XSOAR for security orchestration, automation, and response; and Cortex Xpanse for attack surface management, as well as offers threat intelligence and advisory services under the Unit 42 name. It provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline; and threat intelligence, data loss prevention, services to resolve network disruptions, and sensitive data protection. It offers professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. It sells its products and services through its channel partners, as well as directly to enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.

Visit website →