Cost of revenue · 2011–2025
Palo Alto Networks cost of revenue
$2.5B+19.0% · FY2025
Palo Alto Networks (PANW) reported $2.5B in cost of revenue for fiscal 2025, +19.0% year on year.
| Fiscal year | Cost of revenue | Change | Filing |
|---|---|---|---|
| FY20252025-07-31 | $2.5B | +19.0% | Open → |
| FY20242024-07-31 | $2.1B | +7.8% | Open → |
| FY20232023-07-31 | $1.9B | +11.1% | Open → |
| FY20222022-07-31 | $1.7B | +34.8% | Open → |
| FY20212021-07-31 | $1.3B | +27.6% | Open → |
| FY20202020-07-31 | $1,000M | +23.6% | Open → |
| FY20192019-07-31 | $808M | +25.3% | Open → |
| FY20182018-07-31 | $645M | +35.4% | Open → |
| FY20172017-07-31 | $476M | +28.8% | Open → |
| FY20162016-07-31 | $370M | +47.1% | Open → |
| FY20152015-07-31 | $252M | +57.6% | Open → |
| FY20142014-07-31 | $160M | +45.4% | Open → |
| FY20132013-07-31 | $110M | +55.6% | Open → |
| FY20122012-07-31 | $70.6M | +118.6% | Open → |
| FY20112011-07-31 | $32.3M | — | Open → |
Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +36.2%
Cost of revenue at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Palo Alto Networks cost of revenue |url=https://companiesranked.com/en/company/palo-alto-networks/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Palo Alto Networks cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/palo-alto-networks/cost-of-revenueBibTeX
@misc{companiesranked-en-company-palo-alto-networks-cost-of-revenue-2026,
author = {{CompaniesRanked}},
title = {{Palo Alto Networks cost of revenue}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/palo-alto-networks/cost-of-revenue}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001327567-26-000023 · September 10, 2026
{{cite web |title=Palo Alto Networks cost of revenue — 10-K (0001327567-26-000023) |url=https://www.sec.gov/Archives/edgar/data/1327567/000132756726000023/panw-20260731.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-09-10}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.