panw: the income statement

MyFinsight

For the year ending 2025-07-31, PANW made $9,221,500K in revenue. $1,133,900K in net income. Net profit margin of 12.30%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-07-31	2024-07-31	2023-07-31	2022-07-31
Revenue	9,221,500	8,027,500	6,892,700	5,501,500
Product	413,200	348,200	418,300	455,500
Service	2,038,400	1,711,000	1,491,400	1,263,200
Cost of revenue	2,451,600	2,059,200	1,909,700	1,718,700
Total gross profit	6,769,900	5,968,300	4,983,000	3,782,800
Research and development	1,984,100	1,809,400	1,604,000	1,417,700
Sales and marketing	3,100,200	2,794,500	2,544,000	2,148,900
General and administrative	442,700	680,500	447,700	405,000
Total operating expenses	5,527,000	5,284,400	4,595,700	3,971,600
Operating income	1,242,900	683,900	387,300	-188,800
Interest expense	3,000	8,300	27,200	27,400
Other income, net	355,800	312,700	206,200	9,000
Income before income taxes	1,595,700	988,300	566,300	-207,200
Provision for (benefit from) income taxes	461,800	-1,589,300	126,600	59,800
Net income	1,133,900	2,577,600	439,700	-267,000

Net income per share, basic (in usd per share)	1.71	8.07	1.45	-2.71
Net income per share, diluted (in usd per share)	1.6	7.28	1.28	-2.71
Weighted-average shares used to compute net income pershare,basic (in shares)	662,500,000	319,200,000	303,200,000	98,500,000
Weighted-average shares used to compute net income pershare,diluted (in shares)	709,300,000	354,000,000	342,300,000	98,500,000