Palo Alto Networks, Inc.PANWNASDAQ
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Operating Expenses Over TimeStrong
Percentile Rank100
3Y CAGR+8.4%
5Y CAGR+12.2%
Year-over-Year Change
Expenses from normal business operations (SG&A, R&D, etc.)
3Y CAGR
+8.4%/yr
vs +21.0%/yr prior
5Y CAGR
+12.2%/yr
Recent deceleration
Acceleration
-12.6pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.8x
Solid growth
Streak
9 yr
Consecutive growthStrong
| Period | Value | YoY Change |
|---|---|---|
| TTM | $5.85B | +5.8% |
| 2025 | $5.53B | +4.6% |
| 2024 | $5.28B | +15.0% |
| 2023 | $4.60B | +15.7% |
| 2022 | $3.97B | +20.9% |
| 2021 | $3.29B | +26.9% |
| 2020 | $2.59B | +20.6% |
| 2019 | $2.15B | +23.8% |
| 2018 | $1.73B | +20.0% |
| 2017 | $1.44B | - |