R&D expense · 2011–2025
Palo Alto Networks R&D expense
$2.0B+9.6% · FY2025
Palo Alto Networks (PANW) reported $2.0B in R&D expense for fiscal 2025, +9.6% year on year.
| Fiscal year | R&D expense | Change | Filing |
|---|---|---|---|
| FY20252025-07-31 | $2.0B | +9.6% | Open → |
| FY20242024-07-31 | $1.8B | +12.8% | Open → |
| FY20232023-07-31 | $1.6B | +13.1% | Open → |
| FY20222022-07-31 | $1.4B | +24.3% | Open → |
| FY20212021-07-31 | $1.1B | +48.5% | Open → |
| FY20202020-07-31 | $768M | +42.4% | Open → |
| FY20192019-07-31 | $540M | +34.6% | Open → |
| FY20182018-07-31 | $401M | +15.3% | Open → |
| FY20172017-07-31 | $347M | +22.2% | Open → |
| FY20162016-07-31 | $284M | +53.0% | Open → |
| FY20152015-07-31 | $186M | +77.3% | Open → |
| FY20142014-07-31 | $105M | +67.7% | Open → |
| FY20132013-07-31 | $62.5M | +62.0% | Open → |
| FY20122012-07-31 | $38.6M | +80.5% | Open → |
| FY20112011-07-31 | $21.4M | — | Open → |
R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +38.2%
R&D expense 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 R&D expense |url=https://companiesranked.com/en/company/palo-alto-networks/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Palo Alto Networks R&D expense. CompaniesRanked. https://companiesranked.com/en/company/palo-alto-networks/research-and-development-expenseBibTeX
@misc{companiesranked-en-company-palo-alto-networks-research-and-development-expense-2026,
author = {{CompaniesRanked}},
title = {{Palo Alto Networks R\&D expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/palo-alto-networks/research-and-development-expense}},
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 R&D expense — 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.