CoreStock

Stock price

Market cap

At each fiscal year end: closing price × shares outstanding.

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Palo Alto Networks market cap, annual
PeriodMarket cap
FY2017, ended Jul 31, 2017$12.1B
FY2018, ended Jul 31, 2018$18.6B
FY2019, ended Jul 31, 2019$22.0B
FY2020, ended Jul 31, 2020$24.7B
FY2021, ended Jul 31, 2021$38.9B
FY2022, ended Jul 31, 2022$49.8B
FY2023, ended Jul 31, 2023$77.1B
FY2024, ended Jul 31, 2024$106B
FY2025, ended Jul 31, 2025$116B
FY2026, ended Jul 31, 2026$271B

Revenue

By fiscal year

Show table
Palo Alto Networks revenue, annual
PeriodRevenue
FY2017, ended Jul 31, 2017$1.76B
FY2018, ended Jul 31, 2018$2.27B
FY2019, ended Jul 31, 2019$2.90B
FY2020, ended Jul 31, 2020$3.41B
FY2021, ended Jul 31, 2021$4.26B
FY2022, ended Jul 31, 2022$5.50B
FY2023, ended Jul 31, 2023$6.89B
FY2024, ended Jul 31, 2024$8.03B
FY2025, ended Jul 31, 2025$9.22B
FY2026, ended Jul 31, 2026$11.5B

Net income and free cash flow

By fiscal year. Free cash flow is operating cash flow minus capex.

Show table
Palo Alto Networks net income and free cash flow, annual
PeriodNet incomeFree cash flow
FY2017, ended Jul 31, 2017−$203M$705M
FY2018, ended Jul 31, 2018−$122M$926M
FY2019, ended Jul 31, 2019−$81.9M$924M
FY2020, ended Jul 31, 2020−$267M$821M
FY2021, ended Jul 31, 2021−$499M$1.39B
FY2022, ended Jul 31, 2022−$267M$1.79B
FY2023, ended Jul 31, 2023$440M$2.63B
FY2024, ended Jul 31, 2024$2.58B$3.10B
FY2025, ended Jul 31, 2025$1.13B$3.47B
FY2026, ended Jul 31, 2026$307M$4.11B

Cash and cash equivalents

At each fiscal year end.

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Palo Alto Networks cash and cash equivalents, annual
PeriodCash and cash equivalents
FY2017, ended Jul 31, 2017$744M
FY2018, ended Jul 31, 2018$2.51B
FY2019, ended Jul 31, 2019$961M
FY2020, ended Jul 31, 2020$2.96B
FY2021, ended Jul 31, 2021$1.87B
FY2022, ended Jul 31, 2022$2.12B
FY2023, ended Jul 31, 2023$1.14B
FY2024, ended Jul 31, 2024$1.53B
FY2025, ended Jul 31, 2025$2.27B
FY2026, ended Jul 31, 2026$2.51B

Total debt

At each fiscal year end. Short- and long-term borrowings, excluding leases.

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Palo Alto Networks total debt, annual
PeriodTotal debt
FY2017, ended Jul 31, 2017$525M
FY2018, ended Jul 31, 2018$1.92B
FY2019, ended Jul 31, 2019$1.43B
FY2020, ended Jul 31, 2020$3.08B
FY2021, ended Jul 31, 2021$3.23B
FY2022, ended Jul 31, 2022$3.68B
FY2023, ended Jul 31, 2023$1.99B
FY2024, ended Jul 31, 2024—
FY2025, ended Jul 31, 2025$0
FY2026, ended Jul 31, 2026$1.77B

Shares outstanding

At each fiscal year end, adjusted for splits. Up 48.4% since FY17.

Show table
Palo Alto Networks shares outstanding, annual
PeriodShares outstanding
FY2017, ended Jul 31, 2017551M
FY2018, ended Jul 31, 2018563M
FY2019, ended Jul 31, 2019582M
FY2020, ended Jul 31, 2020578M
FY2021, ended Jul 31, 2021584M
FY2022, ended Jul 31, 2022598M
FY2023, ended Jul 31, 2023617M
FY2024, ended Jul 31, 2024651M
FY2025, ended Jul 31, 2025669M
FY2026, ended Jul 31, 2026818M

Buybacks and new shares

By fiscal year, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.

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Palo Alto Networks share buybacks and issuance, annual
PeriodBought backPaid to employeesUsed in acquisitions
FY2017, ended Jul 31, 2017$411M$475M—
FY2018, ended Jul 31, 2018$259M$497M—
FY2019, ended Jul 31, 2019$330M$568M$230M
FY2020, ended Jul 31, 2020$1.20B$658M—
FY2021, ended Jul 31, 2021$1.18B$895M$341M
FY2022, ended Jul 31, 2022$892M$1.01B—
FY2023, ended Jul 31, 2023$273M$1.07B—
FY2024, ended Jul 31, 2024$567M$1.08B—
FY2025, ended Jul 31, 2025$0$1.29B—
FY2026, ended Jul 31, 2026$1.00B$1.77B$18.5B