Palo Alto Networks Inc (PANW)

Gross profit margin

		Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Gross profit (ttm)	US$ in thousands	5,968,300	5,799,000	5,573,900	5,286,800	4,983,000	4,594,700	4,294,800	4,017,500	3,782,800	3,585,000	3,382,100	3,179,800	2,981,200	2,780,800	2,648,600	2,522,900	2,408,900	2,337,300	2,247,900	2,172,900
Revenue (ttm)	US$ in thousands	8,027,700	7,777,700	7,501,800	7,176,900	6,857,600	6,458,200	6,127,200	5,796,400	5,475,900	5,105,500	4,757,600	4,420,000	4,087,400	3,831,400	3,649,600	3,472,400	3,317,900	3,184,700	3,040,400	2,934,500
Gross profit margin		74.35%	74.56%	74.30%	73.66%	72.66%	71.15%	70.09%	69.31%	69.08%	70.22%	71.09%	71.94%	72.94%	72.58%	72.57%	72.66%	72.60%	73.39%	73.93%	74.05%

July 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,968,300K ÷ $8,027,700K
= 74.35%

Palo Alto Networks Inc has maintained a relatively stable gross profit margin over the past several quarters, ranging from a low of 69.08% to a high of 74.56%. The company's gross profit margin peaked at 74.56% in April 2024, reflecting strong pricing power and cost management. This indicates that Palo Alto Networks has been able to effectively control its production costs and maintain a healthy level of profitability from its core operations. Overall, the consistently high gross profit margins suggest that Palo Alto Networks is efficiently managing its cost of goods sold and generating healthy profits from its sales.