Palo Alto Networks revenue grows 24.5% to $11.5B, but net income falls 72.9% to $307.0M

Filed September 10, 2026 · Period ending July 31, 2026 · Compared to 10-K Aug 29, 2025 · ~1 min read

Key Changes

• high

  Revenue grew 24.5% to $11.5B, but operating income fell 44% to $695M as acquisition costs and share-based compensation surged.

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• high

  Net income dropped 72.9% to $307M, with diluted EPS down, driven by lower operating income, higher other expenses, and a higher effective tax rate.

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• high

  Completed six acquisitions, including CyberArk for $21.1B and Chronosphere, adding identity security and observability platforms.

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