Palo Alto Networks (PANW) FY2024 results: revenue $8.0 billion, up 16.5% on the year
Palo Alto Networks Inc. (PANW) reported revenue of $8.0 billion for fiscal 2024, the year ended 31 July 2024, up 16.5% on the year before. Net income was $2.6 billion, up 486.2%, and diluted earnings per share $3.64. The figures are the company's own, from the 10-K it filed with the SEC on 6 September 2024.
Revenue
$8.0 billion
+16.5% on the year
FY2017FY2024
Operating margin
8.5%
5.6% a year earlier
FY2017FY2024
Net income
$2.6 billion
+486.2% on the year
FY2017FY2024
Diluted EPS
$3.64
+468.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,258
2,778
1,985
+17.3%
Capital expenditure
157
146
193
+7.2%
Free cash flow
3,101
2,631
1,792
+17.8%
Free cash flow margin
38.6%
38.2%
32.6%
Cash from investing
-1,510
-2,034
-933
Cash from financing
-1,343
-1,726
-807
Depreciation and amortisation
284
282
283
+0.6%
Share-based compensation
1,075
1,074
1,011
+0.1%
Buybacks
567
273
892
+107.8%
Diluted shares, weighted
708m
685m
591m
+3.4%
Shares outstanding at period end
650m
617m
598m
+5.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,170
1,748
210
+195.7%
Redeemable equity
n/a
n/a
0.0
Debt
964
1,992
3,677
-51.6%
Operating lease liabilities
380
279
276
+36.3%
Other liabilities
13,477
10,482
8,091
+28.6%
Total liabilities and equity
19,991
14,501
12,254
+37.9%
Fixed assets
361
354
358
+1.9%
Goodwill
3,350
2,927
2,748
+14.5%
Intangible assets
375
315
384
+18.9%
Investments
5,217
4,303
2,568
+21.2%
Cash and equivalents
1,535
1,135
2,118
+35.2%
Receivables
2,619
2,463
2,142
+6.3%
Inventory
116
n/a
n/a
Other assets
6,418
3,003
1,935
+113.7%
Total assets
19,991
14,501
12,254
+37.9%
10-K for the year ended 31 July 2024, filed 6 September 2024: the filing.