PANW on Nasdaq

Palo Alto Networks

Logo: ™/®Palo Alto Networks, Inc., Public domain, via Wikimedia Commons⁶

American technology company

Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100.³ It was founded by Nir Zuk.¹ Its chief executive is Nikesh Arora (since 2018).¹ It employed about 13,900 people in 2024.¹ Its revenue was $8 billion in 2024.¹ Its shares trade on Nasdaq under the symbol PANW.¹ Wikipedia text CC BY-SA 4.0

$341.89 down 28.38 (7.66%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

$11.5BRevenue, fiscal 2026⁷

$307.0MNet income, fiscal 2026⁷

2005Founded¹

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TickerPANW on Nasdaq¹
Industrycomputer security¹
HeadquartersSanta Clara¹
Websitewww.paloaltonetworks.com
Legal formDelaware corporation¹
Incorporated inDE⁸
Business address3000 Tannery Way, Santa Clara, Ca 95054⁸
Filer categoryLarge accelerated filer⁸
LEI549300QXR2YVZV231H43⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States⁴
Registered withDivision of Corporations, Department of State, 3932466⁴

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Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organization of the World Economic Forum.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

70.4%Gross margin⁷

6.1%Operating margin⁷

2.7%Net margin⁷

24.5%Revenue growth, 2026⁷

1.1%Return on equity⁷

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscription brought in 54% of the revenue Palo Alto Networks broke down this way in fiscal 2026.

Subscription$6.2B⁷54%up 25% from 2025
Support$3.0B⁷26%up 21% from 2025
Product$2.3B⁷20%up 27% from 2025

Products and services by year

Products and services	2024	2025	2026
Subscription	$4.2B	$5.0B	$6.2B
Support	$2.2B	$2.4B	$3.0B
Product	$1.6B	$1.8B	$2.3B

Regions

United States brought in 62% of the revenue Palo Alto Networks broke down this way in fiscal 2026.

United States$7.1B⁷62%up 23% from 2025
EMEA$2.4B⁷21%up 27% from 2025
Asia Pacific$1.4B⁷12%up 25% from 2025
Other Americas$571.0M⁷5%up 36% from 2025

Regions by year

Regions	2024	2025	2026
United States	$5.1B	$5.8B	$7.1B
EMEA	$1.6B	$1.9B	$2.4B
Asia Pacific	$942.0M	$1.1B	$1.4B
Other Americas	$349.0M	$419.0M	$571.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

Cost of revenueResearch and developmentOther costs

Cost of revenue30¢$3.4B
Research and development22¢$2.6B
Other costs43¢$5.0B
Income tax2¢$229.0M
Profit3¢$307.0M

Out of $11.5B in revenue.⁷

Where each dollar of operating cash went, fiscal 2026

Share buybacksKept or used elsewhere

Share buybacks22¢$1.0B
Kept or used elsewhere78¢$3.6B

Out of $4.6B of cash from operations.⁷

Financial statements

Revenue¹²¹³¹⁴¹⁵¹⁶⁷$11.5B in 2026+296% since 2019

Gross profit¹²¹³¹⁴¹⁵¹⁶⁷$8.1B in 2026+286% since 2019

Operating income¹²¹³¹⁴¹⁵¹⁶⁷$695.0M in 2026

Net income¹²¹³¹⁴¹⁵¹⁶⁷$307.0M in 2026

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁷

Period ending	2026-07-31	2025-07-31	2024-07-31
Revenue	$11.5B	$9.2B	$8.0B
Cost of revenue	$3.4B	$2.5B	$2.1B
Total gross profit	$8.1B	$6.8B	$6.0B
Research and development	$2.6B	$2.0B	$1.8B
Sales and marketing	$3.9B	$3.1B	$2.8B
General and administrative	$899.0M	$443.0M	$680.0M
Total operating expenses	$7.4B	$5.5B	$5.3B
Operating income	$695.0M	$1.2B	$684.0M
Other income (expense), net	-$159.0M	$353.0M	$304.0M
Income before income taxes	$536.0M	$1.6B	$988.0M
Provision for (benefit from) income taxes	$229.0M	$462.0M	-$1.6B
Net income	$307.0M	$1.1B	$2.6B
Net income per share, basic (in usd per share)	$0.41	$1.71	$4.04
Net income per share, diluted (in usd per share)	$0.40	$1.60	$3.64
Weighted-average shares used to compute net income per share, basic (in shares)	749.0M shares	663.0M shares	638.0M shares
Weighted-average shares used to compute net income per share, diluted (in shares)	764.0M shares	709.0M shares	708.0M shares

Total assets²⁰¹²¹³¹⁴¹⁵¹⁶⁷$48.5B in 2026+635% since 2019

Total liabilities¹³¹⁴¹⁵¹⁶⁷$21.0B in 2026+121% since 2021

Shareholders’ equity²⁰¹²¹⁵¹⁶⁷$27.5B in 2026+1633% since 2019

Cash¹²¹³¹⁴¹⁵¹⁶⁷$2.5B in 2026+161% since 2019

Long-term debt²⁰¹²¹³¹⁴$2.0B in 2023+39% since 2019

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.⁷

Period ending	2026-07-31	2025-07-31	2024-11-30	2024-07-31	2023-07-31
Cash and cash equivalents	$2.5B	$2.3B		$1.5B
Short-term investments	$557.0M	$635.0M
Accounts receivable, net of allowance for credit losses of $4 and $10 as of July 31, 2026 and July 31, 2025, respectively	$3.6B	$3.0B
Short-term financing receivables, net	$592.0M	$715.0M
Short-term deferred contract costs	$544.0M	$419.0M
Prepaid expenses and other current assets	$807.0M	$520.0M
Total current assets	$8.6B	$7.5B
Property and equipment, net	$523.0M	$387.0M
Operating lease right-of-use assets	$700.0M	$347.0M
Long-term investments	$4.8B	$5.6B
Long-term financing receivables, net	$944.0M	$1.0B
Long-term deferred contract costs	$667.0M	$586.0M
Goodwill	$22.0B	$4.6B
Intangible assets, net	$7.0B	$763.0M
Deferred tax assets	$2.4B	$2.4B
Other assets	$678.0M	$422.0M
Total assets	$48.5B	$23.6B
Accounts payable	$290.0M	$232.0M
Accrued compensation	$1.0B	$608.0M
Accrued and other liabilities	$838.0M	$846.0M
Deferred revenue	$7.7B	$6.3B
Total current liabilities	$9.9B	$8.0B
Long-term convertible senior notes	$1.8B	$0
Long-term deferred revenue	$7.0B	$6.5B
Deferred tax liabilities	$251.0M	$89.0M
Long-term operating lease liabilities	$726.0M	$338.0M
Other long-term liabilities	$1.3B	$887.0M
Total liabilities	$21.0B	$15.8B
Preferred stock; $0.0001 par value; 100 shares authorized; none issued and outstanding as of July 31, 2026 and July 31, 2025	$0	$0
Common stock and additional paid-in capital; $0.0001 par value; 2,000 shares authorized; 815 and 668 shares issued and outstanding as of July 31, 2026 and July 31, 2025, respectively	$24.8B	$5.3B
Accumulated other comprehensive income (loss)	-$71.0M	$48.0M
Retained earnings	$2.8B	$2.5B
Total stockholders equity	$27.5B	$7.8B		$5.2B	$1.7B
Total liabilities and stockholders equity	$48.5B	$23.6B
Allowance for doubtful accounts	$4.0M	$10.0M
Preferred stock, par value (in usd per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	100.0M shares	100.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Preferred stock, shares outstanding (in shares)	0 shares	0 shares
Common stock, par value (in usd per share)	$0.00	$0.00	$0.00
Common stock, shares authorized (in shares)	2.0B shares	2.0B shares
Common stock, shares issued (in shares)	815.0M shares	668.0M shares
Common stock, shares outstanding (in shares)	815.0M shares	668.0M shares

Period ending	2026-07-31	2025-07-31	2024-11-30	2024-07-31	2023-07-31
Cash and cash equivalents	$2.5B	$2.3B		$1.5B
Short-term investments	$557.0M	$635.0M
Accounts receivable, net of allowance for credit losses of $4 and $10 as of July 31, 2026 and July 31, 2025, respectively	$3.6B	$3.0B
Short-term financing receivables, net	$592.0M	$715.0M
Short-term deferred contract costs	$544.0M	$419.0M
Prepaid expenses and other current assets	$807.0M	$520.0M
Total current assets	$8.6B	$7.5B
Property and equipment, net	$523.0M	$387.0M
Operating lease right-of-use assets	$700.0M	$347.0M
Long-term investments	$4.8B	$5.6B
Long-term financing receivables, net	$944.0M	$1.0B
Long-term deferred contract costs	$667.0M	$586.0M
Goodwill	$22.0B	$4.6B
Intangible assets, net	$7.0B	$763.0M
Deferred tax assets	$2.4B	$2.4B
Other assets	$678.0M	$422.0M
Total assets	$48.5B	$23.6B
Accounts payable	$290.0M	$232.0M
Accrued compensation	$1.0B	$608.0M
Accrued and other liabilities	$838.0M	$846.0M
Deferred revenue	$7.7B	$6.3B
Total current liabilities	$9.9B	$8.0B
Long-term convertible senior notes	$1.8B	$0
Long-term deferred revenue	$7.0B	$6.5B
Deferred tax liabilities	$251.0M	$89.0M
Long-term operating lease liabilities	$726.0M	$338.0M
Other long-term liabilities	$1.3B	$887.0M
Total liabilities	$21.0B	$15.8B
Preferred stock; $0.0001 par value; 100 shares authorized; none issued and outstanding as of July 31, 2026 and July 31, 2025	$0	$0
Common stock and additional paid-in capital; $0.0001 par value; 2,000 shares authorized; 815 and 668 shares issued and outstanding as of July 31, 2026 and July 31, 2025, respectively	$24.8B	$5.3B
Accumulated other comprehensive income (loss)	-$71.0M	$48.0M
Retained earnings	$2.8B	$2.5B
Total stockholders equity	$27.5B	$7.8B		$5.2B	$1.7B
Total liabilities and stockholders equity	$48.5B	$23.6B
Allowance for doubtful accounts	$4.0M	$10.0M
Preferred stock, par value (in usd per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	100.0M shares	100.0M shares
Preferred stock, shares issued (in shares)	0 shares	0 shares
Preferred stock, shares outstanding (in shares)	0 shares	0 shares
Common stock, par value (in usd per share)	$0.00	$0.00	$0.00
Common stock, shares authorized (in shares)	2.0B shares	2.0B shares
Common stock, shares issued (in shares)	815.0M shares	668.0M shares
Common stock, shares outstanding (in shares)	815.0M shares	668.0M shares

Cash from operations¹²¹³¹⁴¹⁵¹⁶⁷$4.6B in 2026+331% since 2019

Share buybacks¹²¹³¹⁴¹⁵¹⁶⁷$1.0B in 2026+203% since 2019

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁷

Period ending	2026-07-31	2025-07-31	2024-07-31
Net income	$307.0M	$1.1B	$2.6B
Share-based compensation for equity-based awards	$1.8B	$1.3B	$1.1B
Deferred income taxes	-$19.0M	-$350.0M	-$2.0B
Depreciation and amortization	$855.0M	$343.0M	$284.0M
Amortization of deferred contract costs	$590.0M	$481.0M	$446.0M
Amortization of debt issuance costs	$0	$1.0M	$3.0M
Change in fair value of convertible senior notes and capped calls	$562.0M	$0	$0
Change in fair value of contingent consideration liability	-$117.0M	-$135.0M	$0
Reduction of operating lease right-of-use assets	$75.0M	$65.0M	$56.0M
Amortization of investment premiums, net of accretion of purchase discounts	-$54.0M	-$41.0M	-$60.0M
Unrealized foreign currency exchange (gains) losses, net	$1.0M	$0	$0
Accounts receivable, net	-$335.0M	-$345.0M	-$155.0M
Financing receivables, net	$181.0M	$191.0M	-$866.0M
Deferred contract costs	-$795.0M	-$555.0M	-$490.0M
Prepaid expenses and other assets	-$139.0M	$88.0M	-$134.0M
Accounts payable	$43.0M	$107.0M	-$15.0M
Accrued compensation	$327.0M	$51.0M	$4.0M
Accrued and other liabilities	$95.0M	$147.0M	$385.0M
Deferred revenue	$1.2B	$1.2B	$2.2B
Net cash provided by operating activities	$4.6B	$3.7B	$3.3B
Purchases of investments	-$3.7B	-$3.7B	-$3.6B
Proceeds from sales of investments	$3.5B	$1.2B	$956.0M
Proceeds from maturities of investments	$2.2B	$1.6B	$1.9B
Business acquisitions, net of cash and restricted cash acquired	-$4.7B	-$1.1B	-$611.0M
Purchases of property, equipment, and other assets	-$440.0M	-$247.0M	-$157.0M
Net cash used in investing activities	-$3.1B	-$2.2B	-$1.5B
Repayments and settlement of conversions of convertible senior notes	-$160.0M	-$966.0M	-$1.0B
Proceeds from capped calls related to convertible senior notes	$10.0M	$0	$0
Repurchases of common stock	-$1.0B	$0	-$567.0M
Proceeds from sales of shares through employee equity incentive plans	$265.0M	$371.0M	$283.0M
Payments for taxes related to net share settlement of equity awards	-$126.0M	-$184.0M	-$26.0M
Payments of contingent consideration liability	-$191.0M	$0	$0
Net cash used in financing activities	-$1.2B	-$779.0M	-$1.3B
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	-$3.0M	$0	$0
Net increase in cash, cash equivalents, and restricted cash	$244.0M	$732.0M	$405.0M
Equity consideration for business acquisitions	-$18.9B	-$27.0M	-$27.0M
Contingent consideration for a business acquisition	$0	-$649.0M	$0
Cash paid for income taxes	$199.0M	$505.0M	$342.0M
Cash paid for contractual interest	$0	$2.0M	$6.0M

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Corporate structure

Palo Alto Networks sits at the top of its group. 117 entities, 38 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Palo Alto Networks

VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Palo Alto Networks, latest Apr 30, 2026
VANGUARD GROUP INC Filed SCHEDULE 13G/A on Palo Alto Networks, latest Mar 27, 2026 (5 filings since Feb 10, 2022)
BlackRock Filed SC 13G/A on Palo Alto Networks, latest Jan 26, 2024 (3 filings since Feb 3, 2022)

Palo Alto Networks Dover, Delaware, United States
- 3375 Scott Blvd LLC Subsidiary · Delaware, United States
- 3408 Garrett Drive LLC Subsidiary · Delaware, United States
- 3625 Peterson Way, LLC Subsidiary · Delaware, United States
- 418SEC Ltd. Subsidiary · United Kingdom
- Aporeto, LLC Subsidiary · Delaware, United States
- BridgeCrew LLC Subsidiary · Delaware, United States
- C3M INDIA PRIVATE LIMITED Subsidiary · India
- Chronosphere Lithuania UAB Subsidiary · Lithuania
- Chronosphere, LLC Subsidiary · Delaware, United States
- Cider Security Inc. Subsidiary · Delaware, United States
- CloudGenix, LLC Subsidiary · Delaware, United States
- Crypsis Digital Security, LLC Subsidiary · Virginia, United States
- Crypsis Group Holdings, LLC Subsidiary · Virginia, United States
- Cyber-Ark Software (UK) Limited Subsidiary · United Kingdom
- CyberArk Software (Australia) Pty Ltd Subsidiary · Australia
- CyberArk Software (DACH) GmbH Subsidiary · Germany
- CyberArk Software (India) Private Limited Subsidiary · India
- CyberArk Software (Japan) K.K. Subsidiary · Japan
- CYBERARK SOFTWARE (NETHERLANDS) B.V. Subsidiary · Netherlands
- CyberArk Software (Singapore) Pte. Ltd. Subsidiary · Singapore
- CYBERARK SOFTWARE (SPAIN), S.L. Subsidiary · Spain
- CyberArk Software Canada, Inc. Subsidiary · Canada
- CYBERARK SOFTWARE ITALY S.R.L. Subsidiary · Italy
- CyberArk Software USA, LP Subsidiary · Delaware, United States
- CyberArk Software, Inc. Subsidiary · Delaware, United States
- and 87 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Palo Alto Networks reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$1.3B⁷ Jul 31, 2026	$1.0B⁷ Jul 31, 2025	+23.8%
Accumulated depreciation	$747.0M⁷ Jul 31, 2026	$639.0M⁷ Jul 31, 2025	+16.9%
Property and equipment, net	$523.0M⁷ Jul 31, 2026	$387.0M⁷ Jul 31, 2025	+35.1%
Operating-lease assets (leased space)	$700.0M⁷ Jul 31, 2026	$347.0M⁷ Jul 31, 2025	+101.7%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$2.5B⁷ Jul 31, 2026	$2.3B⁷ Jul 31, 2025	+10.8%
Marketable securities, current	$557.0M⁷ Jul 31, 2026	$635.0M⁷ Jul 31, 2025	−12.3%
Long-term investments	$4.8B⁷ Jul 31, 2026	$5.6B⁷ Jul 31, 2025	−13.0%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$22.0B⁷ Jul 31, 2026	$4.6B⁷ Jul 31, 2025	+381.9%
Intangible assets, net (excluding goodwill)	$7.0B⁷ Jul 31, 2026	$763.0M⁷ Jul 31, 2025	+819.7%
Accumulated amortization	$1.0B⁷ Jul 31, 2026	$407.0M⁷ Jul 31, 2025	+149.9%
Finite-lived intangibles, net	$7.0B⁷ Jul 31, 2026	$762.7M¹⁶ Jul 31, 2025	+820.0%

Inventory

Item	Latest	A year before	Change
Inventory, total	$117.0M⁷ Jul 31, 2026	$113.0M⁷ Jul 31, 2025	+3.5%

Properties, in its own words

Our corporate headquarters is located in Santa Clara, California, where we lease approximately 941,000 square feet of space under three lease agreements that expire in July 2040, with options to extend the lease terms through July 2052. We also lease space for personnel around the world, including Israel and India. In addition, we provide our cloud-based subscription offerings through data centers operated under co-location arrangements in the United States, Europe, and Asia. Refer to Note 12. Leases in Part II, Item 8 of this Annual Report on Form 10-K for more information on our operating leases. Additionally, we own 24.9 acres of land adjacent to our headquarters in Santa Clara, California, which we intend to develop to accommodate future expansion.

We believe that our current facilities are adequate to meet our current needs. We intend to expand our facilities or add new facilities as we add employees and enter new geographic markets, and we believe that suitable additional or alternative space will be available as needed to accommodate ongoing operations and any such growth. However, we expect to incur additional expenses in connection with such new or expanded facilities.

Item 2 of the 10-K filed Sep 10, 2026.²¹

The story

Founded by Nir Zuk in 2005.¹

Palo Alto Networks was founded in 2005 by Nir Zuk, a former engineer from Check Point and NetScreen Technologies. Zuk, an Israeli native, began working with computers during his mandatory military service in the Israel Defense Forces in the early 1990s and served as head of software development in Unit 8200, a branch of the Israeli Intelligence Corps.

The company debuted on the NYSE on July 20, 2012, raising $260 million with its initial public offering, which was the 4th-largest tech IPO of 2012. It remained on the NYSE until October 2021 when the company transferred its listing to Nasdaq. In February 2026 Palo Alto Networks joined the Tel Aviv Stock Exchange (TASE) as a dual-listed company, and in September 2026 it became the first company to reach the NIS 1 trillion mark on TASE.

In 2014, Palo Alto Networks founded the Cyber Threat Alliance with Fortinet, McAfee, and Symantec (now NortonLifeLock), a not-for-profit organization with the goal of improving cybersecurity "for the greater good" by encouraging cybersecurity organizations to collaborate by sharing cyber threat intelligence among members. By 2018, the organization had 20 members including Cisco, Check Point, Juniper Networks, and Sophos.

In 2018, the company began opening cybersecurity training facilities around the world as part of the Global Cyber Range Initiative.

In May 2018, the company announced Application Framework, an open cloud-delivered ecosystem where developers can publish security services as SaaS applications that can be instantly delivered to customers.

In 2019, the company announced the K2-Series, a 5G-ready next-generation firewall developed for service providers with 5G and IoT requirements. In February 2019, the company announced Cortex, an AI-based continuous security platform.

In May 2026, it was reported that Palo Alto hit a market capitalization of $200 billion USD for the first time.

In August 2026, China launched a security review into Palo Alto's products within the Chinese market.

Read the full text

Acquisitions

January 2014: Morta Security

April 2014: Cyvera for approximately $200 million

May 2015: CirroSecure

March 2017: LightCyber for approximately $100 million

March 2018: Cloud Security company Evident.io for $300 million. This acquisition created the Prisma Cloud division.

April 2018: Secdo

October 2018: RedLock for $173 million

February 2019: Demisto for $560 million

May 2019: Twistlock for $410 million

June 2019: PureSec for $47 million

September 2019: Zingbox for $75 million

November 2019: Aporeto, Inc. for $150 million

April 2020: CloudGenix, Inc. for $420 million

August 2020: Crypsis Group for $265 million

December 2020: Expanse for $1.25 billion.

February 2021: Bridgecrew for $156 million

November 2022: Cider Security for $300 million.

October 2023: Announced its intent to acquire Dig Security for $400 million

November 2023: Talon Cyber Security for $625 million

December 2023: Dig Security for $400 million

July 2025: Protect AI for $500 million

July 2025: Announced agreement to acquire CyberArk for $25 billion; completed February 2026

November 2025: Announced acquisition of Chronosphere for $3.35 billion; completed January 2026

February 2026: Koi Security for an estimated $400 million

April 2026: Announced agreement to acquire Portkey.

September 2026: Announced agreement to acquire Console for an estimated $500 million.

From Wikipedia’s article on Palo Alto Networks, shared under CC BY-SA 4.0.⁹

Leadership

Who has led Palo Alto Networks, and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Chief financial officer

2010201520202025

FounderNir Zuk¹
Chief executive officerNikesh Arora Jun 11, 2018 to now²²
Chief executive officerMark D. McLaughlin Jul 19, 2012 to May 22, 2018²³
PresidentWilliam D. Jenkins Jr. Aug 13, 2021 to now²⁴
PresidentAmit K. Singh Nov 5, 2018 to Aug 3, 2021²⁵
PresidentMark Anderson Aug 24, 2016 to Oct 22, 2018²⁶
PresidentMark D. McLaughlin Jul 19, 2012 to Jun 23, 2016²³
Chief financial officerDipak Golechha Mar 22, 2021 to Apr 27, 2021²⁷
Chief financial officerJean Compeau Apr 27, 2021 to Aug 24, 2021²⁸
Chief financial officerLuis Felipe Visoso Jul 2, 2020 to Dec 8, 2020²⁹
Chief financial officerKathleen Bonanno Nov 27, 2017 to May 4, 2020³⁰
Chief financial officerSteffan Tomlinson Jul 19, 2012 to Nov 22, 2017³¹

Board members and other officers (31)

Chief Accounting OfficerJosh D. Paul Sep 13, 2021 to now³²
Chief Accounting OfficerJean Compeau Feb 26, 2018 to Apr 22, 2021³³
Chief Product OfficerLee Klarich Aug 31, 2017 to now³⁴
SVP, EngineeringHaoying (wilson) Xu Apr 4, 2014 to Aug 19, 2014³⁵
SVP of WW Field OpsMark Anderson Jul 19, 2012 to Jun 23, 2016³⁶
CTONir Zuk Jul 19, 2012 to now³⁷
VP, EngineeringRajiv Batra Jul 19, 2012 to Mar 5, 2014³⁸
Chief Marketing OfficerRene Bonvanie Jul 19, 2012 to Jul 22, 2019³⁹
Board memberHelle Thorning-Schmidt Feb 19, 2025 to now⁴⁰
Board memberLee Klarich Sep 5, 2025 to now⁴¹
Board memberMark A. Goodburn Dec 1, 2025 to now⁴²
Board memberHelene D. Gayle Feb 22, 2021 to Dec 17, 2024⁴³
Board memberAparna Bawa May 18, 2021 to now⁴⁴
Board memberJohn P. Key Apr 15, 2019 to now⁴⁵
Board memberLorraine Twohill Apr 15, 2019 to now⁴⁶
Board memberNikesh Arora Jun 11, 2018 to now⁴⁷
Board memberSridhar Ramaswamy Aug 31, 2017 to Dec 11, 2018⁴⁸
Board memberFrank Calderoni Feb 26, 2016 to Dec 11, 2018⁴⁹
Board memberMary Pat McCarthy Oct 24, 2016 to now⁵⁰
Board memberStanley Meresman Sep 22, 2014 to Dec 6, 2018⁵¹
Board memberCarl M. Eschenbach May 30, 2013 to now⁵²
Board memberAsheem Chandna Jul 19, 2012 to Jan 13, 2022⁵³
Board memberCharles J. Robel Jul 19, 2012 to Jun 12, 2014⁵⁴
Board memberDaniel J. Warmenhoven Jul 19, 2012 to Sep 3, 2020⁵⁵
Board memberJim Goetz Jul 19, 2012 to now⁵⁶
Board memberMark D. McLaughlin Jul 19, 2012 to Oct 25, 2022²³
Board memberNir Zuk Jul 19, 2012 to now³⁷
Board memberShlomo Kramer Jul 19, 2012 to Jul 25, 2012⁵⁷
Board memberVenky Ganesan Jul 19, 2012 to Oct 23, 2012⁵⁸
Board memberWilliam A. Lanfri Jul 19, 2012 to Oct 23, 2012⁵⁹
Board memberJohn Donovan Sep 20, 2012 to now⁶⁰

Products and brands

PAN-OS

Listed on Wikidata.¹

Threat research

Unit 42 is the Palo Alto Networks threat intelligence and security consulting team. They are a group of cybersecurity researchers and industry experts who use data collected by the company's security platform to discover new cyber threats, such as new forms of malware and malicious actors operating across the world. The group runs a popular blog where they post technical reports analyzing active threats and adversaries. Multiple Unit 42 researchers have been named in the MSRC Top 100, Microsoft's annual ranking of top 100 security researchers. In April 2020, the business unit consisting of Crypsis Group which provided digital forensics, incident response, risk assessment, and other consulting services merged with the Unit 42 threat intelligence team.

According to the FBI, Palo Alto Networks Unit 42 has helped solve multiple cybercrime cases, such as the Mirai Botnet and Clickfraud Botnet cases, the LuminosityLink RAT case, and assisted with "Operation Wire-Wire".

In 2018, Unit 42 discovered Gorgon, a hacking group believed to be operating out of Pakistan and targeting government organizations in the United Kingdom, Spain, Russia, and the United States. The group was detected sending spear-phishing emails attached to infected Microsoft Word documents using an exploit commonly used by cybercriminals and cyber-espionage campaigns.

In September 2018, Unit 42 discovered Xbash, a ransomware that also performs cryptomining, believed to be tied to the Chinese threat actor "Iron". Xbash is able to propagate like a worm and deletes databases stored on victim hosts. In October, Unit 42 warned of a new crypto mining malware, XMRig, that comes bundled with infected Adobe Flash updates. The malware uses the victim's computer's resources to mine Monero cryptocurrency.

Read the full text

In November 2018, Palo Alto Networks announced the discovery of "Cannon", a trojan being used to target United States and European government entities. The hackers behind the malware are believed to be Fancy Bear, the Russian hacking group believed to be responsible for hacking the Democratic National Committee in 2016. The malware communicates with its command and control server with email and uses encryption to evade detection.

In November 2024, Unit 42 released documentation reported to be interview scripts used by North Korean threat actors to gain employment as remote software developers with the goal of planting malware and funneling money back to the government.

In April 2026, Palo Alto researchers discovered how AI agents created in Google Cloud's Vertex AI could be used to perform malicious activities due to excessive access.

Products

In 2026, Palo Alto Networks announced a product called Unit 42 Continuous Frontier AI Defense, which uses AI to find threats on corporate networks.

From Wikipedia’s article on Palo Alto Networks, shared under CC BY-SA 4.0.⁹

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

3375 Scott Blvd LLC Delaware¹⁰
3408 Garrett Drive LLC Delaware¹⁰
3625 Peterson Way, LLC Delaware¹⁰
418SEC Ltd. United Kingdom¹⁰
Aporeto, LLC Delaware¹⁰
BridgeCrew LLC Delaware¹⁰
C3M INDIA PRIVATE LIMITED India¹⁰
CYBERARK SOFTWARE (NETHERLANDS) B.V. The Netherlands¹⁰
CYBERARK SOFTWARE (SPAIN), S.L. Spain¹⁰
CYBERARK SOFTWARE ITALY S.R.L. Italy¹⁰
Chronosphere Lithuania UAB Lithuania¹⁰
Chronosphere, LLC Delaware¹⁰
Cider Security Inc. Delaware¹⁰
CloudGenix, LLC Delaware¹⁰
Crypsis Digital Security, LLC Virginia¹⁰
Crypsis Group Holdings, LLC Virginia¹⁰
Cyber-Ark Software (UK) Limited United Kingdom¹⁰
CyberArk Software (Australia) Pty Ltd Australia¹⁰
CyberArk Software (DACH) GmbH Germany¹⁰
CyberArk Software (India) Private Limited India¹⁰
CyberArk Software (Japan) K.K. Japan¹⁰
CyberArk Software (Singapore) Pte. Ltd. Singapore¹⁰
CyberArk Software Canada, Inc. Canada¹⁰
CyberArk Software USA, LP Delaware¹⁰

All 114 listed subsidiaries

CyberArk Software, Inc. Delaware¹⁰
CyberArk Turkey Siber Güvenlik Yazılımı Anonim Şirketi Turkiye¹⁰
CyberArk USA Engineering GP, LLC Delaware¹⁰
Dig Security Inc. Delaware¹⁰
Evident.io LLC Delaware¹⁰
Expanse Holding Company LLC Delaware¹⁰
Expanse LLC Delaware¹⁰
Gamma Networks, LLC Delaware¹⁰
Koi Security, Inc. Delaware¹⁰
LightCyber, Inc. Delaware¹⁰
MLAISEC India Private Limited India¹⁰
PA Networks Costa Rica LLC SRL Costa Rica¹⁰
PAN Demisto LLC Delaware¹⁰
PAN II LLC Delaware¹⁰
PAN LLC Delaware¹⁰
PAN Mexico Holding LLC Delaware¹⁰
PANW (Portugal) Unipessoal, LDA Portugal¹⁰
PT Palo Alto Networks Services Indonesia¹⁰
Palo Alto Networks (Australia) Pty Ltd Australia¹⁰
Palo Alto Networks (Austria) GmbH Austria¹⁰
Palo Alto Networks (Brasil) Ltda. Brazil¹⁰
Palo Alto Networks (Canada Technology), Inc. Canada¹⁰
Palo Alto Networks (Canada) Inc. Canada¹⁰
Palo Alto Networks (Czech) S.R.O. Czechia¹⁰
Palo Alto Networks (EU) B.V. The Netherlands¹⁰
Palo Alto Networks (Finland) Oy Finland¹⁰
Palo Alto Networks (GEO) B.V. The Netherlands¹⁰
Palo Alto Networks (Germany) GmbH Germany¹⁰
Palo Alto Networks (Hungary) Kft Hungary¹⁰
Palo Alto Networks (Iberia), S.L. Spain¹⁰
Palo Alto Networks (India) Private Limited India¹⁰
Palo Alto Networks (India) Technologies Private Limited India¹⁰
Palo Alto Networks (Italy) S.R.L Italy¹⁰
Palo Alto Networks (Malaysia), LLC Delaware¹⁰
Palo Alto Networks (Mexico) S. de R.L. de C.V. Mexico¹⁰
Palo Alto Networks (Netherlands) B.V. The Netherlands¹⁰
Palo Alto Networks (New Zealand) Unlimited New Zealand¹⁰
Palo Alto Networks (Norway) AS Norway¹⁰
Palo Alto Networks (Poland) sp. z o.o. Poland¹⁰
Palo Alto Networks (QFC) LLC Qatar¹⁰
Palo Alto Networks (Shanghai) Co., Ltd. China¹⁰
Palo Alto Networks (Singapore) Holding Company Pte. Ltd. Singapore¹⁰
Palo Alto Networks (Singapore) PTE. LTD. Singapore¹⁰
Palo Alto Networks (South Africa) (Pty) Ltd. South Africa¹⁰
Palo Alto Networks (Switzerland) GmbH Switzerland¹⁰
Palo Alto Networks (UK Holding 1) Limited United Kingdom¹⁰
Palo Alto Networks (UK Holding 2) Limited United Kingdom¹⁰
Palo Alto Networks (UK) Limited United Kingdom¹⁰
Palo Alto Networks (Vietnam) LLC Vietnam¹⁰
Palo Alto Networks Belgium B.V.B.A. Belgium¹⁰
Palo Alto Networks Denmark ApS Denmark¹⁰
Palo Alto Networks FS International Limited United Kingdom¹⁰
Palo Alto Networks FZ LLC United Arab Emirates¹⁰
Palo Alto Networks Financial Services Public Sector, LLC Delaware¹⁰
Palo Alto Networks Financial Services, LLC Delaware¹⁰
Palo Alto Networks Greece Single Member Private Company Greece¹⁰
Palo Alto Networks Holdings B.V. The Netherlands¹⁰
Palo Alto Networks Holdings II, Inc. Delaware¹⁰
Palo Alto Networks Holdings III, LLC Delaware¹⁰
Palo Alto Networks Holdings, Inc. Delaware¹⁰
Palo Alto Networks IV, LP Delaware¹⁰
Palo Alto Networks International, Inc. Delaware¹⁰
Palo Alto Networks Israel Holdings Ltd. Israel¹⁰
Palo Alto Networks K.K. (Kabushiki Kaisha) Japan¹⁰
Palo Alto Networks Ltd Israel¹⁰
Palo Alto Networks Management, LLC Delaware¹⁰
Palo Alto Networks Public Sector, LLC Delaware¹⁰
Palo Alto Networks Regional Headquarters Company Saudi Arabia¹⁰
Palo Alto Networks Saudi Arabia Limited Saudi Arabia¹⁰
Palo Alto Networks Turkey Siber Guvenlik Destek Hizmetleri Limited Şirketi Turkiye¹⁰
Palo Alto Networks Venture Fund, LLC Delaware¹⁰
Palo Alto Networks Zenith, LLC Delaware¹⁰
Palo Alto Security Limited Ireland¹⁰
Portkey AI Software India Private Limited India¹⁰
Portkey Inc. Delaware¹⁰
Potter Strategies Holdings Inc. Delaware¹⁰
Protect AI Germany GmbH Germany¹⁰
Protect AI, Inc. Delaware¹⁰
PureSec, Inc. Delaware¹⁰
RedLock, LLC Delaware¹⁰
SecDo, Inc. Delaware¹⁰
Sinefa LLC Delaware¹⁰
Sinefa Pty. Ltd. Australia¹⁰
Talon Cyber Security, Inc. Delaware¹⁰
Twistlock, Inc. Delaware¹⁰
Venafi EOOD Bulgaria¹⁰
Venafi Ltd. United Kingdom¹⁰
Venafi PTY Ltd. Australia¹⁰
Zingbox, LLC Delaware¹⁰
Zycada Networks LLC Delaware¹⁰

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Employees over time

202413,900¹

Former names

Palo Alto Networks IncMay 16, 2005 to Oct 14, 2026⁸

Timeline

Sep 1, 20268-K Results of operations⁶¹
Aug 21, 20268-K Executive or director change; Bylaws or fiscal year changed⁶²
Jun 2, 20268-K Results of operations⁶³
Apr 13, 20268-K Entered a material agreement; New debt or obligation⁶⁴
Mar 23, 20268-K Other events⁶⁵
Mar 11, 20268-K Other events⁶⁶
Feb 17, 20268-K Results of operations⁶⁷
Feb 11, 20268-K Entered a material agreement; New debt or obligation; Other events⁶⁸
Jan 29, 20268-K Regulation FD disclosure⁶⁹
Dec 11, 20258-K Executive or director change; Shareholder vote⁷⁰
Nov 21, 20258-K Other events⁷¹
Nov 19, 20258-K Results of operations; Regulation FD disclosure; Other events⁷²
Jun 11, 2018New chief executive Nikesh Arora becomes CEO¹
Jul 20, 2012Went public Listed on NASDAQ¹
Jul 19, 2012New chief executive Mark D. McLaughlin becomes CEO²³
2005Founded Founded¹

Calendar

Coming up

Nov 18, 2026Reports results for the quarter ending Oct/2026 A year earlier it reported $0.53 a share, on Nov 19, 2025.⁷³

When it reported results

Sep 1, 2026Reported quarterly or annual results⁶¹
Jun 2, 2026Reported quarterly or annual results⁶³
Feb 17, 2026Reported quarterly or annual results⁶⁷
Nov 19, 2025Reported quarterly or annual results⁷²
Aug 18, 2025Reported quarterly or annual results⁷⁴
May 20, 2025Reported quarterly or annual results⁷⁵
Feb 13, 2025Reported quarterly or annual results⁷⁶
Nov 20, 2024Reported quarterly or annual results⁷⁷

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

738 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 419 insider forms, 9 large holders, 239 other. The latest 20:

Oct 14, 20264 EDGAR
Oct 13, 2026144 EDGAR
Oct 9, 2026144 EDGAR
Oct 9, 20264 EDGAR
Oct 9, 20264 EDGAR
Oct 8, 2026144 EDGAR
Oct 5, 20264 EDGAR
Oct 1, 20264 EDGAR
Sep 28, 20264 EDGAR
Sep 28, 20264 EDGAR
Sep 24, 2026144 EDGAR
Sep 24, 2026144 EDGAR
Sep 22, 20264 EDGAR
Sep 21, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
Sep 17, 2026144 EDGAR
Sep 16, 20264 EDGAR
Sep 16, 20264 EDGAR
Sep 15, 2026144 EDGAR
Sep 14, 2026144 EDGAR
Sep 14, 2026144 EDGAR

The 738 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

271 open-market trades by officers, directors and large owners since October 2021: 8 buys and 263 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Sep 24, 2026	Golechha DipakEVP, Chief Financial Officer	Sale	27,500	$391.61	$10.8M	Form 4
Sep 24, 2026	Bawa AparnaDirector	Sale	260	$392.69	$102.1K	Form 4
Sep 17, 2026	GOETZ JAMES JDirector	Sale	20,000	$376.69	$7.5M	Form 4
Sep 15, 2026	Bawa AparnaDirector	Sale	500	$377.18	$188.6K	Form 4
Sep 14, 2026	Key John P.Director	Sale	2,500	$376.03	$940.1K	Form 4
Sep 14, 2026	Bawa AparnaDirector	Sale	1,000	$373.61	$373.6K	Form 4
Sep 1, 2026	Paul Josh D.Chief Accounting Officer	Sale	900	$373.68	$336.3K	Form 4
Aug 25, 2026	Paul Josh D.Chief Accounting Officer	Sale	900	$353.77	$318.4K	Form 4
Jul 7, 2026	Thorning-Schmidt HelleDirector	Sale	700	$346.85	$242.8K	Form 4
Jul 1, 2026	Paul Josh D.Chief Accounting Officer	Sale	900	$345.00	$310.5K	Form 4
Jul 1, 2026	Bawa AparnaDirector	Sale	290	$348.74	$101.1K	Form 4
Jun 29, 2026	Bawa AparnaDirector	Sale	632	$318.67	$201.4K	Form 4
Jun 23, 2026	Golechha DipakEVP, Chief Financial Officer	Sale	5,000	$289.57	$1.4M	Form 4
Jun 22, 2026	Bawa AparnaDirector	Sale	345	$290.17	$100.1K	Form 4
Jun 12, 2026	GOETZ JAMES JDirector	Sale	20,000	$279.90	$5.6M	Form 4
Jun 12, 2026	Bawa AparnaDirector	Sale	536	$280.00	$150.1K	Form 4
Jun 12, 2026	Key John P.Director	Sale	7,500	$279.24	$2.1M	Form 4
Jun 11, 2026	Bawa AparnaDirector	Sale	555	$270.00	$149.8K	Form 4
Jun 10, 2026	Bawa AparnaDirector	Sale	377	$265.00	$99.9K	Form 4
Jun 1, 2026	Paul Josh D.Chief Accounting Officer	Sale	1,100	$285.08	$313.6K	Form 4

All 271 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 2026⁷⁸
VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 2026⁷⁹
BlackRockSC 13G/A, 3 filings Feb 3, 2022 to Jan 26, 2024⁸⁰

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Age	Salary	Total pay
2025	Nikesh AroraChief Executive Officer	57	$1.0M	$99.7M⁸¹
2025	William “BJ” JenkinsPresident	59	$750.0K	$27.0M⁸¹
2025	Lee KlarichChief Product and Technology Officer	50	$550.0K	$26.0M⁸¹
2025	Dipak GolechhaChief Financial Officer	51	$600.0K	$25.5M⁸¹
2025	Nir ZukFounder Emeritus and Former Chief Technology Officer	54	$408.0K	$15.7M⁸¹
2024	Nikesh AroraChief Executive Officer	57	$1.0M	$58.0M⁸¹
2024	Lee KlarichChief Product and Technology Officer	50	$550.0K	$20.3M⁸¹
2024	William “BJ” JenkinsPresident	59	$750.0K	$18.0M⁸¹
2024	Dipak GolechhaChief Financial Officer	51	$600.0K	$14.6M⁸¹
2024	Nir ZukFounder Emeritus and Former Chief Technology Officer	54	$400.1K	$12.3M⁸¹
2023	Nikesh AroraChief Executive Officer	57	$750.0K	$151.4M⁸¹
2023	Lee KlarichChief Product and Technology Officer	50	$550.0K	$17.1M⁸¹
2023	William “BJ” JenkinsPresident	59	$750.0K	$14.0M⁸¹
2023	Dipak GolechhaChief Financial Officer	51	$600.0K	$9.4M⁸¹
2023	Nir ZukFounder Emeritus and Former Chief Technology Officer	54	$419.5K	$8.1M⁸¹

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	75,753,509	$25.8B	0.4%	+3,322,076
Vanguard Capital Management LLC	53,129,128	$18.1B	0.4%	+363,472
State Street Corp	36,979,497	$12.6B	0.4%	+1,493,179
Morgan Stanley	29,450,112	$10.0B	0.5%	−2,868,846
Invesco Ltd.	25,647,946	$8.7B	0.7%	+1,719,523
Bank Of America Corp /de/	22,681,876	$7.7B	0.5%	+205,123
Jpmorgan Chase & Co	21,715,578	$7.2B	0.4%	+8,246,242
Fmr LLC	20,054,462	$6.8B	0.3%	+11,949,672
Geode Capital Management, LLC	19,615,573	$6.7B	0.4%	+292,058
Vanguard Portfolio Management LLC	19,347,649	$6.6B	0.3%	−253,813
Norges Bank	9,750,674	$3.3B	0.3%	New
Nuveen, LLC	9,013,366	$3.1B	0.7%	+1,018,443
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	8,778,963	$3.0B	0.5%	+706,003
Northern Trust Corp	8,757,797	$3.0B	0.3%	+77,312
PeakShares LLC	8,051	$2.7B	2.0%	+549
Goldman Sachs Group Inc	7,933,568	$2.7B	0.3%	+1,698,777
Royal Bank Of Canada	6,959,433	$2.4B	0.4%	−597,055
UBS Group AG	6,758,096	$2.3B	0.4%	−1,497,256
Ameriprise Financial Inc	6,563,374	$2.2B	0.5%	+62,423
Charles Schwab Investment Management Inc	6,382,853	$2.2B	0.3%	+434,745
Wells Fargo & Company/mn	5,968,975	$2.0B	0.4%	−149,847
Legal & General Group Plc	5,771,815	$2.0B	0.4%	−479,822
Fisher Asset Management, LLC	5,755,989	$2.0B	0.6%	+5,499,328
Amundi	5,417,426	$1.8B	0.4%	−880,407
First Trust Advisors LP	5,255,509	$1.8B	1.1%	−1,210,609

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

57 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Jul 31, 2026	John J. McGuire IIIRepublican, House	Partial sale	$1,001 - $15,000	−8.3%	Report
Jul 16, 2026	Josh GottheimerDemocratic, House	Buy	$1,001 - $15,000	+1.8%	Report
Jul 10, 2026	Dan NewhouseRepublican, House	Partial sale	$1,001 - $15,000	−11.4%	Report
May 14, 2026	Josh GottheimerDemocratic, House	Buy	$1,001 - $15,000	+52.3%	Report
Apr 14, 2026	Gilbert Ray Cisneros, Jr.Democratic, House	Buy	$1,001 - $15,000	+118.0%	Report
Mar 31, 2026	Jared MoskowitzDemocratic, House	Buy	$1,001 - $15,000	+112.3%	Report
Mar 27, 2026	Alan ArmstrongRepublican, Senate	Buy	$1,001 - $15,000	+130.1%	Report
Mar 23, 2026	Jared MoskowitzDemocratic, House	Buy	$1,001 - $15,000	+107.9%	Report
Mar 23, 2026	Jared MoskowitzDemocratic, House	Buy	$1,001 - $15,000	+107.9%	Report
Mar 13, 2026	Gilbert Ray Cisneros, Jr.Democratic, House	Buy	$1,001 - $15,000	+105.2%	Report
Feb 27, 2026	Josh GottheimerDemocratic, House	Sale	$1,001 - $15,000	−136.1%	Report
Feb 5, 2026	Jonathan L. JacksonDemocratic, House	Sale	$50,001 - $100,000	−125.3%	Report
Dec 11, 2025	Dan NewhouseRepublican, House	Buy	$1,001 - $15,000	+82.5%	Report
Oct 24, 2025	Marjorie Taylor GreeneRepublican, House	Buy	$1,001 - $15,000	+56.6%	Report
Sep 2, 2025	John W. HickenlooperDemocratic, Senate	Buy	$100,001 - $250,000	+73.8%	Report
Aug 19, 2025	Val T. HoyleDemocratic, House	Sale	$1,001 - $15,000	−83.3%	Report
Jul 16, 2025	Lisa C. McClainRepublican, House	Sale	$1,001 - $15,000	−68.6%	Report
Jul 10, 2025	Lisa C. McClainRepublican, House	Buy	$1,001 - $15,000	+69.5%	Report
Jun 9, 2025	Lisa C. McClainRepublican, House	Partial sale	$1,001 - $15,000	−59.9%	Report
May 12, 2025	Jefferson ShreveRepublican, House	Sale	$15,001 - $50,000	−59.0%	Report
May 8, 2025	Jefferson ShreveRepublican, House	Buy	$15,001 - $50,000	+59.8%	Report
May 5, 2025	Marjorie Taylor GreeneRepublican, House	Buy	$1,001 - $15,000	+59.9%	Report
Apr 7, 2025	Jefferson ShreveRepublican, House	Sale	$15,001 - $50,000	−89.9%	Report
Apr 7, 2025	Julie JohnsonDemocratic, House	Sale	$1,001 - $15,000	−89.9%	Report
Mar 19, 2025	Gilbert Ray Cisneros, Jr.Democratic, House	Partial sale	$1,001 - $15,000	−61.3%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Palo Alto Networks is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARPalo Alto Networks Inc²
CIK0001327567
Employer ID (EIN)20-2530195²¹
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company²¹
Incorporated inDelaware²¹
Fiscal year endsJuly 31²
Industry code (SIC)3577 Computer Peripheral Equipment, NEC²
SEC reviewing officeOffice of Technology, Division of Corporation Finance²
Business address3000 Tannery Way, Santa Clara, CA 95054²
Phone408-753-4000²
Shares outstanding818,000,000 shares as of Aug 31, 2026²¹
Public float$123.4B as of Jan 31, 2026²¹
AuditorErnst & Young LLP, San Mateo, California PCAOB ID 42; it also attests to the company’s internal control over financial reporting²¹
On EDGAR sinceMay 16, 2005²
Filings1,908 in all: 4 (1,252), 144 (155), 8-K (137), 10-Q (42), 3 (39), S-8 (32), SC 13G/A (26), DEFA14A (24)²
All 45 form types
4/A (20), CORRESP (18), UPLOAD (18), 10-K (15), 425 (14), DEF 14A (14), SC 13G (14), SD (12), S-8 POS (11), 8-K/A (8), ARS (6), S-1/A (5), S-3ASR (5), CT ORDER (4), 144/A (3), EFFECT (3), REGDEX (3), 3/A (2), 424B4 (2), 424B7 (2), 5 (2), 8-A12B (2), D (2), S-1 (2), SCHEDULE 13G/A (2), 10-Q/A (1), 25 (1), 424B3 (1), CERT (1), CERTNYS (1), POSASR (1), PX14A6G (1), S-4 (1), S-4/A (1), SC TO-I (1), SC TO-I/A (1), SCHEDULE 13G (1)
Latest filingsAnnual report (10-K) Sep 10, 2026
Quarterly report (10-Q) Jun 3, 2026
Proxy statement (DEF 14A) Nov 7, 2025
Latest 8-K (8-K) Sep 1, 2026

Securities registered for trading

Class	Symbol	Exchange
Common stock, $0.0001 par value per share	PANW	The Nasdaq Stock Market LLC

From the cover page of the 10-K filed Sep 10, 2026 (Section 12(b) of the Exchange Act).²¹

Risk factors and legal proceedings

The risks Palo Alto Networks names in Item 1A of its 10-K filed Sep 10, 2026: 50 risks under these headings, as written.²¹

Risks Related to Global Economic and Geopolitical Conditions
Our operating results may be adversely affected by unfavorable economic and market conditions and the uncertain geopolitical environment.
Risks Related to Our Business
RISKS RELATED TO OUR GROWTH
Our business and operations have experienced growth in recent periods, and if we do not effectively manage our future growth or are unable to improve our systems, processes, and controls, our business and operating results could be adversely affected.
Our revenue growth rate in recent periods may not be indicative of our future performance, and we may not be able to maintain profitability, which could cause our business, financial condition, and operating results to suffer.
Our operating results may vary significantly from period to period, including due to seasonality, which makes our results difficult to predict and could cause our results to fall short of expectations.
RISKS RELATED TO OUR PRODUCTS AND TECHNOLOGY
If we are unable to sell new and additional products, subscriptions, and support offerings to existing end-customers or attract new customers, especially large enterprise customers, our future revenue and operating results will be harmed.
We rely on revenue from subscription and support offerings, and because we recognize revenue from subscription and support over the term of the relevant service period, downturns or upturns in sales or renewals of these subscription and support offerings are not immediately reflected in full in our operating results.
Our consumption- or usage-based offerings may expose us to customer usage optimization behavior that could create revenue volatility.
The sales prices of our products, subscriptions, and support offerings may decrease, which may reduce our revenue and gross profits and adversely impact our financial results.

The other 42 risks

We rely on our channel partners to sell a substantial portion of our products, including subscriptions and support, and if these channel partners fail to perform, our ability to sell and distribute our products and subscriptions will be limited and our operating results will be harmed.
We are exposed to the credit and liquidity risk of our customers, and to credit exposure in weakened markets, which could result in material losses.
A portion of our revenue is generated by sales to government entities, which are subject to a number of challenges and risks.
We face intense competition and we may lack sufficient financial or other resources to maintain or improve our competitive position.
The “identity security” market lacks a universally accepted definition, which could lead to mischaracterization of our offerings and adverse evaluations by industry stakeholders.
Customer trends toward vendor consolidation in cybersecurity may favor competitors offering broader platforms.
Cloud infrastructure providers and advanced AI companies increasingly offer native security and observability capabilities that compete directly with our offerings.
We have acquired and may in the future acquire other businesses, which could subject us to adverse claims or liabilities, require significant management attention, disrupt our business, adversely affect our operating results, may not result in the expected benefits of such acquisitions, and may dilute stockholder value.
As a result of the CyberArk acquisition, the scope and size of our business have substantially changed, which resulted in certain incremental risks, including increased competition.
If we do not accurately predict, prepare for, and respond promptly to rapidly evolving technological and market developments and successfully manage product and subscription introductions and transitions to meet changing end-customer needs in the enterprise security industry, our competitive position and prospects will be harmed.
The success of our strategy depends on maintaining a broad ecosystem of integrations with third-party technologies, which requires significant ongoing investment.
Issues in the development, deployment, or use of AI may result in reputational harm, legal liability, and could adversely affect our business and operating results.
The emergence of AI agents as a new class of identity presents both opportunities and risks that could impact our identity security offerings.
A significant network or data security incident may materially impact our reputation, financial condition, and operating results.
Defects, errors, or vulnerabilities in our products, subscriptions, or support offerings, the failure of our products or subscriptions to block a virus or prevent a security breach or incident, misuse of our products, or risks of product liability claims could harm our reputation and adversely impact our operating results.
Our shared responsibility security model relies on customers to configure and use our products securely, and customer errors could harm our reputation even when we are not at fault.
Our ability to sell our products and subscriptions is dependent on the quality of our technical support services and those of our channel partners, and the failure to offer high-quality technical support services could have a material adverse effect on our end-customers’ satisfaction with our products and subscriptions, our sales, and our operating results.
Our subscription agreements typically contain service-level commitments, and failure to meet these commitments could reduce our revenue and harm our business.
We rely on data center facilities operated by third-party cloud service providers, and any limitations on capacity, or interference with our use could adversely affect our business, financial condition, and results of operations.
RISKS RELATED TO INTELLECTUAL PROPERTY AND TECHNOLOGY LICENSING
Claims by others that we infringe their intellectual property rights could harm our business.
Our proprietary rights may be difficult to enforce or protect, which could enable others to copy or use aspects of our products or subscriptions without compensating us.
Our use of open source software in our products and subscriptions could negatively affect our ability to sell our products and subscriptions and subject us to possible litigation.
We license technology from third parties, and our inability to maintain those licenses could harm our business.
RISKS RELATED TO OPERATIONS
We depend on manufacturing partners and limited sources of supply for our hardware products, making us susceptible to manufacturing delays, supply shortages, pricing fluctuations, and international trade risks that could prevent timely shipment of customer orders and result in the loss of sales and end-customers.
If we are unable to attract, retain, and motivate our key technical, sales, and management personnel, our business could suffer.
We generate a significant amount of revenue from sales to distributors, resellers, and end-customers outside of the United States, and we are therefore subject to a number of risks associated with international sales and operations, including export and import controls that could subject us to liability or impair our ability to compete in international markets.
Our products and subscriptions are subject to certification, testing, and regulatory approval requirements in foreign jurisdictions, and our failure to obtain or maintain such approvals could limit our ability to sell in those markets.
We are exposed to fluctuations in foreign currency exchange rates, which could negatively affect our financial condition and operating results.
We face risks associated with having operations and employees located in Israel.
RISKS RELATED TO PRIVACY AND DATA PROTECTION
We may incur significant costs to comply with privacy and data protection laws and other requirements, and, if we fail to comply, we could be subject to government enforcement actions, private litigation, and adverse publicity, which could materially adversely affect our business, financial condition, and operating results.
Tax, Accounting, Compliance, and Regulatory Risks
We may have exposure to tax liabilities that are greater than anticipated.
Our estimates or judgments, including those relating to our critical accounting policies, are based on assumptions that may change or prove to be incorrect and, as a result, our operating results may differ from our publicly announced guidance or the expectations of securities analysts and investors, which may result in a decline in the market price of our common stock.
We are obligated to maintain proper and effective internal control over financial reporting. We may not complete our analysis of our internal control over financial reporting in a timely manner, or our internal control may not be determined to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our common stock.
Our reputation and business could be negatively impacted by corporate responsibility matters, including our reporting of such matters.
Failure to comply with governmental laws and regulations could harm our business.
Risks Related to Our Common Stock and Convertible Notes
The market price of our common stock historically has been volatile, and the value of an investment in our common stock could decline.
The issuance of additional common stock in connection with financings, acquisitions, investments, our stock incentive plans, convertible notes, or otherwise will dilute the stock held by all other stockholders.
We cannot guarantee that our share repurchase program will be fully consummated or that it will enhance shareholder value, and share repurchases could affect the price of our common stock.
We do not intend to pay dividends for the foreseeable future.
Our charter documents and Delaware law could discourage takeover attempts and lead to management entrenchment, which could also reduce the market price of our common stock.
We may not have the ability to raise the funds necessary to settle conversions of the 2030 Notes, repurchase the 2030 Notes upon a fundamental change, or repay the 2030 Notes in cash at their maturity, and our other debt may contain limitations on our ability to pay cash upon conversion or repurchase of the 2030 Notes.
The Capped Calls may affect the value of the 2030 Notes and our common stock.
General Risk Factors

Legal proceedings

The information set forth under the “Litigation” subheading in Note 13. Commitments and Contingencies in Part II, Item 8 of this Annual Report on Form 10-K is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.²¹

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataPalo Alto Networks on Wikidata
2
SEC EDGARPalo Alto Networks filings on SEC EDGAR
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WikipediaPalo Alto Networks on Wikipedia
4
GLEIFPalo Alto Networks LEI record (549300QXR2YVZV231H43)
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22
Wikidata and SEC EDGARNikesh Arora, Chief executive officer
23
SEC EDGARMark D. McLaughlin, Chief executive officer
24
SEC EDGARWilliam D. Jenkins Jr., President
25
SEC EDGARAmit K. Singh, President
26
SEC EDGARMark Anderson, President
27
SEC EDGARDipak Golechha, Chief financial officer
28
SEC EDGARJean Compeau, Chief financial officer
29
SEC EDGARLuis Felipe Visoso, Chief financial officer
30
SEC EDGARKathleen Bonanno, Chief financial officer
31
SEC EDGARSteffan Tomlinson, Chief financial officer
32
SEC EDGARJosh D. Paul, Chief Accounting Officer
33
SEC EDGARJean Compeau, Chief Accounting Officer
34
SEC EDGARLee Klarich, Chief Product Officer
35
SEC EDGARHaoying (wilson) Xu, SVP, Engineering
36
SEC EDGARMark Anderson, SVP of WW Field Ops
37
SEC EDGARNir Zuk, CTO
38
SEC EDGARRajiv Batra, VP, Engineering
39
SEC EDGARRene Bonvanie, Chief Marketing Officer
40
SEC EDGARHelle Thorning-Schmidt, Board member
41
SEC EDGARLee Klarich, Board member
42
SEC EDGARMark A. Goodburn, Board member
43
SEC EDGARHelene D. Gayle, Board member
44
SEC EDGARAparna Bawa, Board member
45
SEC EDGARJohn P. Key, Board member
46
SEC EDGARLorraine Twohill, Board member
47
SEC EDGARNikesh Arora, Board member
48
SEC EDGARSridhar Ramaswamy, Board member
49
SEC EDGARFrank Calderoni, Board member
50
SEC EDGARMary Pat McCarthy, Board member
51
SEC EDGARStanley Meresman, Board member
52
SEC EDGARCarl M. Eschenbach, Board member
53
SEC EDGARAsheem Chandna, Board member
54
SEC EDGARCharles J. Robel, Board member
55
SEC EDGARDaniel J. Warmenhoven, Board member
56
SEC EDGARJim Goetz, Board member
57
SEC EDGARShlomo Kramer, Board member
58
SEC EDGARVenky Ganesan, Board member
59
SEC EDGARWilliam A. Lanfri, Board member
60
SEC EDGARJohn Donovan, Board member
61
SEC EDGARResults of operations
62
SEC EDGARExecutive or director change; Bylaws or fiscal year changed
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SEC EDGARResults of operations
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SEC EDGAREntered a material agreement; New debt or obligation
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SEC EDGAROther events
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SEC EDGAROther events
67
SEC EDGARResults of operations
68
SEC EDGAREntered a material agreement; New debt or obligation; Other events
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SEC EDGARRegulation FD disclosure
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SEC EDGARExecutive or director change; Shareholder vote
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SEC EDGAROther events
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SEC EDGARResults of operations; Regulation FD disclosure; Other events
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