PANW.NEPANW.NENEO
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R&D Expense Growth Under PressureDecelerating
Percentile Rank8
Studio
Year-over-Year Change

Year-over-year research & development expense growth

Percentile
P8
Near historical low
vs 5Y Ago
-0.1x
Contraction
Streak
1 qtr
Consecutive declineDecelerating
PeriodValue
Q1 2026-1.68%
Q4 20254.87%
Q3 20251.82%
Q2 2025-2.21%
Q1 20255.27%
Q4 2024-2.91%
Q3 20248.22%
Q2 20242.08%
Q1 20249.38%
Q4 2023-1.18%
Q3 20230.17%
Q2 20232.38%
Q1 20238.69%
Q4 20222.20%
Q3 20222.36%
Q2 2022-1.00%
Q1 20225.74%
Q4 20214.37%
Q3 20214.60%
Q2 202116.61%
Q1 202112.34%
Q4 20209.96%
Q3 20209.98%
Q2 20205.88%
Q1 20208.74%
Q4 20197.44%
Q3 201914.09%
Q2 20198.42%
Q1 201913.14%
Q4 20182.81%
Q3 201810.74%
Q2 20183.11%
Q1 20182.55%
Q4 20177.90%
Q3 20171.51%
Q2 2017-4.34%
Q1 20176.26%
Q4 201610.59%
Q3 20163.38%
Q2 20160.00%