Palo Alto Networks Inc (PANW)
Operating profit margin
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,101,100 | 984,100 | 942,000 | 755,200 | 683,900 | 699,000 | 601,000 | 587,300 | 387,300 | 149,200 | 22,900 | -90,900 | -188,800 | -264,600 | -327,400 | -342,300 | -304,100 | -261,500 | -207,600 | -171,700 |
| Revenue (ttm) | US$ in thousands | 9,221,500 | 8,874,700 | 8,570,500 | 8,288,200 | 8,027,500 | 7,791,300 | 7,527,400 | 7,207,400 | 6,892,700 | 6,489,900 | 6,155,700 | 5,817,500 | 5,501,500 | 5,170,300 | 4,857,500 | 4,557,500 | 4,256,100 | 3,987,200 | 3,782,700 | 3,582,500 |
| Operating profit margin | 11.94% | 11.09% | 10.99% | 9.11% | 8.52% | 8.97% | 7.98% | 8.15% | 5.62% | 2.30% | 0.37% | -1.56% | -3.43% | -5.12% | -6.74% | -7.51% | -7.15% | -6.56% | -5.49% | -4.79% |
July 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,101,100K ÷ $9,221,500K
= 11.94%
The operating profit margin of Palo Alto Networks Inc. demonstrates a notable trend of recovery and improvement over the period analyzed. From October 31, 2020, through October 31, 2021, the margin remained negative, indicating operating losses, with values ranging from -4.79% to -7.51%. The continued negative margins during this timeframe reflect challenges in achieving profitability on an operational basis.
Starting in January 2022, there was a progressive narrowing of the losses, with the margin improving from -6.74% to -1.56% by October 2022. This period marks a period of operational restructuring or efficiencies gaining traction, leading to a reduction in operating losses.
By January 2023, the margin shifted into positive territory, reaching 0.37%, and continued to grow significantly through April and July 2023, attaining 2.30% and 5.62%, respectively. This marked a turning point where Palo Alto Networks was generating operating profits, indicating a successful move toward operational profitability.
Between October 2023 and July 2025, there is a consistent upward trajectory in the operating profit margin. As of October 2023, the margin stood at 8.15%, and it increased further to 10.99% by January 2025, with projections suggesting continued growth to approximately 11.94% by July 2025.
Overall, the data reflects a sustained trend of improving operational efficiency and profitability for Palo Alto Networks Inc., transitioning from losses in the initial years to stable and expanding operating margins in subsequent periods.
See also:
Palo Alto Networks Inc Operating Profit Margin (Quarterly Data)