Filing Flows › Palo Alto Networks (PANW) › Gross margin
Palo Alto Networks (PANW) gross margin by quarter
Palo Alto Networks' gross margin was 73.6% in Q2 FY26 (second quarter fiscal 2026), -0.6 pts from Q1 FY26. Over the last 5 quarters it ranged from 73.0% (Q3 FY25) to 74.2% (Q1 FY26).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY26 | 73.6% | -0.6 pts | +0.1 pts |
| Q1 FY26 | 74.2% | +1.0 pts | — |
| Q4 FY25 | 73.2% | +0.3 pts | — |
| Q3 FY25 | 73.0% | -0.5 pts | — |
| Q2 FY25 | 73.5% | — | — |
Q2 FY26 at a glance
Palo Alto Networks, Q2 FY26: revenue $2.6B (+15% year over year), operating margin 15.3%, net earnings $432M, operating cash flow $554M. The chart follows the revenue to costs, profit and cash.
Questions
What is Palo Alto Networks' gross margin?
Palo Alto Networks' gross margin was 73.6% in Q2 FY26 (second quarter fiscal 2026), -0.6 pts from Q1 FY26.
How has Palo Alto Networks' gross margin changed?
Over the last 5 quarters it ranged from 73.0% (Q3 FY25) to 74.2% (Q1 FY26).