Flagship explainer
How PALO ALTO NETWORKS, INC makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $9.2B | 100% |
| |
| Cost of revenue | $2.5B | 27% |
|
| $6.8B | 73% |
| |
| $1.2B | 13% |
| |
| Income before tax | $1.6B | 17% |
|
| Income tax | $462M | 5% |
|
| $1.1B | 12% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001327567-25-000027