Filing Flows › Palo Alto Networks (PANW) › R&D spending
Palo Alto Networks (PANW) R&D spending by quarter
Palo Alto Networks' R&D spending was $779M in Q4 FY26 (fourth quarter fiscal 2026), +6% from Q3 FY26. Over the last 7 quarters it ranged from $494M (Q3 FY25) to $779M (Q4 FY26).
| Quarter | R&D spending | Q/Q | Y/Y |
|---|---|---|---|
| Q4 FY26 | $779M | +6% | +55% |
| Q3 FY26 | $734M | +44% | +49% |
| Q2 FY26 | $511M | -3% | +1% |
| Q1 FY26 | $528M | +5% | — |
| Q4 FY25 | $504M | +2% | — |
| Q3 FY25 | $494M | -2% | — |
| Q2 FY25 | $505M | — | — |
Q4 FY26 at a glance
Palo Alto Networks, Q4 FY26: revenue $3.4B (+34% year over year), operating margin 5.0%, net loss $282M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Questions
What is Palo Alto Networks' R&D spending?
Palo Alto Networks' R&D spending was $779M in Q4 FY26 (fourth quarter fiscal 2026), +6% from Q3 FY26.
How has Palo Alto Networks' R&D spending changed?
Over the last 7 quarters it ranged from $494M (Q3 FY25) to $779M (Q4 FY26).