Palo Alto Networks, Inc. (PANW) Financial Statements FY2022-FY2026

Palo Alto Networks, Inc. (PANW) Financial Statements in Beancount — Open Ledger

Palo Alto Networks' income statement and balance sheet, FY2022 through FY2026, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/palo-alto-networks

Latest analysis: Palo Alto Networks FY2026 Q4 Earnings: CyberArk on the Balance Sheet and $9.10B of NGS ARR

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end July 31 (SEC CIK 0001327567). All five periods come from Form 10-K filings; the FY2026 file also cites the fourth-quarter earnings release. FY2026 includes CyberArk, whose acquisition closed in February 2026 — that period file records the purchase-price allocation in its comments. Non-current deferred revenue is kept in its own account, Liabilities:NonCurrent:DeferredRevenue.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 11,480 MUSD means 11,480 million US dollars.
• Additional accounts — Liabilities:NonCurrent:DeferredRevenue, opened
  beyond the standard chart (see each account's open line in main.bean).

Analysis

• Palo Alto Networks FY2026 Q4 Earnings: CyberArk on the Balance Sheet and $9.10B of NGS ARR — FY2026Q4

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Palo Alto Networks, Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Palo Alto Networks, Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.