What is the primary revenue source for Palo Alto Networks (PANW)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze PANW's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Palo Alto Networks's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Palo Alto Networks Makes Money: PANW Revenue Breakdown (2026)

YoY periods: FY 2026 compared with FY 2025

Source metrics

Cost of revenueCost of product and service sold · CostOfGoodsAndServicesSold
RevenueTotal net revenue · RevenueFromContractWithCustomerExcludingAssessedTax
Operating marginTotal segment operating income · operating_income / revenue * 100
Largest revenue segment share (Service)Service · segment_value / revenue * 100
Selling, general and administrativesum(SellingAndMarketingExpense, GeneralAndAdministrativeExpense)

Financial Insights

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Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?