Palo Alto Networks, Inc. (PANW): gross margin, 10 filed years
Gross margin at Palo Alto Networks, Inc. was 70.4% in FY2026, the newest filed year. Across the 10 computed years from FY2017 it ranged from 68.8% (FY2022) to 74.3% (FY2024), with a median of 71.9%.
Tonight's figure on the company page: 70.4%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Gross margin | Read from |
|---|---|---|
| FY2017 | 72.6% | 10-K, filed 2017-09-07 |
| FY2018 | 71.6% | 10-K, filed 2018-09-13 |
| FY2019 | 72.1% | 10-K, filed 2019-09-09 |
| FY2020 | 70.7% | 10-K, filed 2020-09-04 |
| FY2021 | 70.0% | 10-K, filed 2021-09-03 |
| FY2022 | 68.8% | 10-K, filed 2022-09-06 |
| FY2023 | 72.3% | 10-K, filed 2023-09-01 |
| FY2024 | 74.3% | 10-K, filed 2024-09-06 |
| FY2025 | 73.4% | 10-K, filed 2025-08-29 |
| FY2026 | 70.4% | 10-K, filed 2026-09-10 |
How each year is computed
Gross profit / revenue x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.