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PANW

Palo Alto Networks, Inc.

Stock

$403.24+6.99 (+1.76%)Close Oct 2, 2026

Research and development, FY2026
$2.6B
YoY, FY2026
+28.6%
5-year CAGR
+17.5%
10-year CAGR
+24.5%

Research and development

Research and development by fiscal year

PeriodR&DYoY
FY2026$2.6B+28.6%
FY2025$2.0B+9.6%
FY2024$1.8B+12.8%
FY2023$1.6B+13.1%
FY2022$1.4B+24.3%
FY2021$1.1B+48.5%
FY2020$768M+42.4%
FY2019$540M+34.6%
FY2018$401M+15.3%
FY2017$347M+22.2%
FY2016$284M+53.0%
FY2015$186M+77.3%
FY2014$105M+67.7%
FY2013$62M+62.0%
FY2012$39M+80.5%
FY2011$21M—