Revenue by quarter
US$ · last 8| Quarter | Revenue | Net income | EPS |
|---|---|---|---|
| Q4 FY2026 | $3.4B | -$282.0M | -0.35 |
| Q3 FY2026 | $3.0B | -$177.0M | -0.22 |
| Q2 FY2026 | $2.6B | $432.0M | 0.61 |
| Q1 FY2026 | $2.5B | $334.0M | 0.47 |
Newest filings
All 387| Form | Filed | |
|---|---|---|
| S-8 | 10 Sep 2026 | |
| 10-K | 10 Sep 2026 | |
| 8-K | 1 Sep 2026 | |
| 8-K | 21 Aug 2026 | |
| 10-Q | 3 Jun 2026 | |
| 8-K | 2 Jun 2026 | |
| SD | 27 May 2026 | |
| 8-K | 13 Apr 2026 |
Description
- Ticker
- PANW-US
- Exchange
- Nasdaq
- Index
- S&P 500
- Industry
- Computer Peripheral Equipment, Nec
- SIC division
- Manufacturing
- CIK
- 0001327567
- LEI
- 549300QXR2YVZV231H43
- FIGI
- BBG0014GJCT9
- Share class FIGI
- BBG001T9NWN5
- Fiscal year ends
- Jul
- Filings held
- 387 since 2005
- 8-K events
- 143
- Shares short
- 21.6M, 30 Sep 2026
Financial statements
The income statement, balance sheet and cash flow by year and by quarter, line by line as the company reports them. Each column names the filing it comes from.
| Fiscal period | FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period ending | Jul 2011 | Jul 2012 | Jul 2013 | Jul 2014 | Jul 2015 | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Filed | 25 Sep 2013 | 18 Sep 2014 | 17 Sep 2015 | 17 Sep 2015 | 7 Sep 2017 | 13 Sep 2018 | 9 Sep 2019 | 4 Sep 2020 | 3 Sep 2021 | 6 Sep 2022 | 1 Sep 2023 | 6 Sep 2024 | 29 Aug 2025 | 10 Sep 2026 | 10 Sep 2026 | 10 Sep 2026 |
| +Revenue | 119M | 255M | 396M | 598M | 928Mr | 1,379M | 1,755M | 2,274M | 2,900M | 3,408M | 4,256M | 5,502M | 6,893M | 8,027Mr | 9,221Mr | 11,480M |
| −Cost of revenue | 32M | 71M | 110M | 160M | 252Mr | 370M | 476Mr | 645Mr | 808M | 1,000M | 1,275M | 1,719M | 1,910M | 2,059Mr | 2,451Mr | 3,403M |
| Total gross profit | 86M | 185M | 286M | 439M | 677Mr | 1,009M | 1,279Mr | 1,629Mr | 2,091M | 2,409M | 2,981M | 3,783M | 4,983M | 5,968Mr | 6,770Mr | 8,077M |
| +Research and development | 21M | 39M | 63M | 105M | 186Mr | 284M | 347M | 401M | 540M | 768M | 1,140M | 1,418M | 1,604M | 1,810Mr | 1,984Mr | 2,552M |
| +Sales and marketing | 62M | 116M | 200M | 335M | 489Mr | 743M | 899Mr | 1,074Mr | 1,344M | 1,520M | 1,754M | 2,149M | 2,544M | 2,794Mr | 3,100Mr | 3,931M |
| +General and administrative | 13M | 26M | 43M | 73M | 102Mr | 138M | 198M | 258M | 262M | 300M | 391M | 405M | 448M | 680Mr | 443Mr | 899M |
| −Total operating expenses | 97M | 181M | 305M | 654M | 776Mr | 1,166M | 1,445Mr | 1,733Mr | 2,145M | 2,588M | 3,285M | 3,972M | 4,596M | 5,284Mr | 5,527M | 7,382M |
| Operating income | -10M | 3.9M | -19M | -215M | -100Mr | -157M | -166Mr | -104Mr | -54M | -179M | -304M | -189M | 387M | 684Mr | 1,243Mr | 695M |
| % of revenue | -8.8% | 1.5% | -4.7% | -36.0% | -10.8% | -11.4% | -9.4% | -4.6% | -1.9% | -5.3% | -7.1% | -3.4% | 5.6% | 8.5% | 13.5% | 6.1% |
| Interest expense | – | 0M | 0.1M | 1.9M | 22Mr | 23M | 25M | 30M | 84M | 89M | 163M | 27M | 27M | 8.3M | 3M | – |
| +Other income, net | -1.7M | -1.1Mr | 0Mr | -4.9M | 0.2Mr | 8.4M | 10M | 29M | 63M | 36M | 2.4M | 9M | 206M | 304Mr | 353Mr | -159M |
| Income before income taxes | -12M | 2.8M | -19M | -222M | -122Mr | -172M | -180Mr | -105Mr | -75M | -232M | -465M | -207M | 566M | 988Mr | 1,596Mr | 536M |
| % of revenue | -10.2% | 1.1% | -4.7% | -37.1% | -13.1% | -12.5% | -10.3% | -4.6% | -2.6% | -6.8% | -10.9% | -3.8% | 8.2% | 12.3% | 17.3% | 4.7% |
| −Provision for income taxes | 0.5M | 2.1M | 11M | 4.3M | 9.4Mr | 20M | 23Mr | 17Mr | 7.3M | 35M | 34M | 60M | 127M | -1,590Mr | 462Mr | 229M |
| Net income | -13M | 0.7M | -29M | -227M | -131Mr | -193M | -203Mr | -122Mr | -82M | -267M | -499M | -267M | 440M | 2,578Mr | 1,134Mr | 307M |
| % of revenue | -10.6% | 0.3% | -7.4% | -37.9% | -14.1% | -14.0% | -11.6% | -5.4% | -2.8% | -7.8% | -11.7% | -4.9% | 6.4% | 32.1% | 12.3% | 2.7% |
| Net loss per share, basic and diluted | -0.15s | 0.00s | -0.07s | -0.51s | -0.27s | -0.37s | -0.37s | -0.22s | -0.14s | -0.46s | – | – | – | – | – | – |
| Weighted-average shares used to compute net loss per share, basic and diluted | 85Ms | 117Ms | 412Ms | 446Ms | 490Mrs | 523Ms | 544Ms | 550Ms | 567Ms | 581Ms | – | – | – | – | – | – |
| Net income per share, basic | – | – | – | – | – | – | – | – | -0.14s | -0.46s | -0.86s | -0.45s | 0.73 | 4.04 | 1.71 | 0.41 |
| Net income per share, diluted | – | – | – | – | – | – | – | – | -0.14s | -0.46s | -0.86s | -0.45s | 0.64 | 3.64 | 1.60 | 0.40 |
| Weighted-average shares used to compute net income per share, basic | – | – | – | – | – | – | – | – | 567Ms | 581Ms | 578Mrs | 591Mrs | 606M | 638Mr | 663Mr | 749M |
| Weighted-average shares used to compute net income per share, diluted | – | – | – | – | – | – | – | – | 567Ms | 581Ms | 578Mrs | 591Mrs | 685Mr | 708M | 709Mr | 764M |
Hover a figure for its source.r restated in a later filings adjusted for a stock split– not reported in that period
Lines in the order and wording of the 10-K filed 10 Sep 2026. 392 of 392 subtotals add up to the company's own totals, and the balance sheet balances in 70 of 70 periods. Newest filing read: 10 Sep 2026.
Free for personal research, with credit (Data by Shikshan Nivesh) and a link. API access, bulk files and commercial use need a licence: the data licence.
Charts
Any figure or ratio in the record, by year, by quarter or on a trailing twelve months, as a value or as growth, against a peer if you like. Hover for the figures.
Revenue · quarterly · US$
Latest Jul 2026: $3.41B
Revenue = rev
Method. Each month-end, the trailing-twelve-month diluted EPS known that month (from filings filed by then) at the 10th, 50th and 90th percentile of this stock's own month-end P/E from 2024-02 to 2026-10. Months with the figure at or below zero are left out. A summary of the multiples the stock has traded at, not a value.
Ratios
Every ratio, worked out the same way for every company, by year or on a trailing twelve months. Hover a ratio for its formula.
| Fiscal year ending | Jul 2011 | Jul 2012 | Jul 2013 | Jul 2014 | Jul 2015 | Jul 2016 | Jul 2017 | Jul 2018 | Jul 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on common equity | – | – | −11.7% | −61.1% | −27.5% | −27.9% | −24.5% | −12.7% | −6.0% | −19.9% | −57.5% | −63.2% | 44.9% | 74.5% | 17.5% | 1.7% |
| Return on assets | – | – | −5.9% | −21.9% | −7.6% | −8.0% | −6.4% | −2.6% | −1.3% | −3.4% | −5.2% | −2.4% | 3.3% | 14.9% | 5.2% | 0.9% |
| Return on capital | – | – | −5.9% | −28.2% | −8.3% | −10.5% | −9.8% | −3.8% | −1.4% | −3.9% | −6.0% | −3.9% | 7.9% | 10.9% | 12.7% | 2.1% |
| Return on invested capital | – | – | 12.2% | −2159.6% | −45.2% | −84.1% | −1393.4% | 39.8% | 77.8% | −43.4% | −34.4% | −24.6% | 37.5% | 22.0% | 20.8% | 2.6% |
| Gross margin | 72.8% | 72.3% | 72.3% | 73.3% | 72.9% | 73.2% | 72.9% | 71.6% | 72.1% | 70.7% | 70.0% | 68.8% | 72.3% | 74.3% | 73.4% | 70.4% |
| EBITDA margin | −6.9% | 3.9% | −2.2% | −32.8% | −7.6% | −8.3% | −6.0% | −0.3% | 3.4% | 0.8% | −1.0% | 1.7% | 9.7% | 12.1% | 17.2% | 13.5% |
| Operating margin | −8.8% | 1.5% | −4.7% | −36.0% | −10.8% | −11.4% | −9.4% | −4.6% | −1.9% | −5.3% | −7.1% | −3.4% | 5.6% | 8.5% | 13.5% | 6.1% |
| Incremental operating margin | – | 10.5% | −16.0% | −97.4% | 35.0% | −12.8% | −2.3% | 11.9% | 8.0% | −24.5% | −14.8% | 9.3% | 41.4% | 26.1% | 46.8% | −24.3% |
| Pretax margin | −10.2% | 1.1% | −4.7% | −37.1% | −13.1% | −12.5% | −10.3% | −4.6% | −2.6% | −6.8% | −10.9% | −3.8% | 8.2% | 12.3% | 17.3% | 4.7% |
| Profit margin | −10.6% | 0.3% | −7.4% | −37.9% | −14.1% | −14.0% | −11.6% | −5.4% | −2.8% | −7.8% | −11.7% | −4.9% | 6.4% | 32.1% | 12.3% | 2.7% |
| Net income to common margin | −10.6% | 0.3% | −7.4% | −37.9% | −14.1% | −14.0% | −11.6% | −5.4% | −2.8% | −7.8% | −11.7% | −4.9% | 6.4% | 32.1% | 12.3% | 2.7% |
| Effective tax rate | −3.9% | 73.7% | −56.8% | −1.9% | −7.7% | −11.8% | −12.7% | −16.0% | −9.8% | −15.2% | −7.3% | −28.9% | 22.4% | −160.8% | 28.9% | 42.7% |
What the company said with its results
The key points, guidance and management's own words from each of the last four results releases.
Key points
Q4 revenue grew 34%
Fourth-quarter total revenue was $3,410 million, against $2,536 million a year earlier, according to the statement of operations.
Next-Generation Security ARR up 63%
Next-Generation Security ARR reached $9.10 billion for the quarter, up 63% year over year.
Non-GAAP net income per share $1.02
Non-GAAP net income was $853 million, or $1.02 per diluted share, against $673 million, or $0.95, a year earlier. GAAP net loss was $282 million, or $(0.35) per share.
Guidance excludes share-based charges
Non-GAAP guidance excludes share-based compensation charges, acquisition costs and amortization of acquired intangibles, among other items. GAAP guidance is not provided.
Convertible note fair-value change hit GAAP
GAAP net loss was $282 million, against net income of $254 million a year earlier. GAAP results include a $524 million fair-value change on convertible notes and capped calls, which non-GAAP excludes.
Non-GAAP operating income rose
Non-GAAP operating income was $1,011 million, up from $768 million. GAAP operating income fell to $172 million from $497 million.
Acquired intangible amortization rose
Amortization of acquired intangible assets was $281 million, against $37 million. Share-based compensation-related charges were $487 million, against $372 million.
Operating expenses rose to $2.13 billion
Total operating expenses were $2,132 million, against $1,360 million. General and administrative was $226 million, against $27 million; sales and marketing was $1,127 million, against $829 million.
Cost of revenue increased
Total cost of revenue was $1,106 million, against $679 million. Subscription and support cost was $909 million, against $543 million.
Growth across three platforms
The CFO cited strength across the Network & AI Security, Cortex and Idira platforms as a source of the year's results.
Trusted by over 70,000 customers
The company describes itself as trusted by 70,000-plus customers and powered by Unit 42 threat intelligence.
Portfolio spans five security areas
The company describes its portfolio as covering Network, Cloud, Security Operations, AI and Identity.
AI lifts cybersecurity priority
Management said advances in AI have put cybersecurity at the top of the CIO priority list.
Remaining obligations up 34%
Remaining performance obligations reached $21.2 billion at July 31, 2026, up 34% year over year.
Guidance
- Next-Generation Security ARR$9.54 billion to $9.56 billionFiscal first quarter 2027 · new
- Remaining performance obligations$20.8 billion to $20.9 billionFiscal first quarter 2027 · new
- Total revenue$3.300 billion to $3.310 billionFiscal first quarter 2027 · new
- Diluted non-GAAP net income per share$0.96 to $0.98, using 837 million to 844 million shares outstandingFiscal first quarter 2027 · new
- Next-Generation Security ARR$11.075 billion to $11.175 billionFiscal year 2027 · new
- Remaining performance obligations$25.2 billion to $25.4 billionFiscal year 2027 · new
- Total revenue$14.10 billion to $14.20 billionFiscal year 2027 · new
- Non-GAAP operating margin29.5%Fiscal year 2027 · new
- Diluted non-GAAP net income per share$4.16 to $4.19, using 844 million to 847 million shares outstandingFiscal year 2027 · new
- Adjusted free cash flow margin38.0%Fiscal year 2027 · new
In their words
“We delivered a strong Q4 to close out the year, adding nearly $1 billion of Net New NGS ARR in a single quarter” Nikesh Arora, chairman and chief executive officer of Palo Alto Networks
“We delivered a strong finish to a record year and exceeded our guidance across the board” Dipak Golechha, chief financial officer of Palo Alto Networks
“Our profitable growth framework continues to scale effectively, reinforcing our confidence in achieving 40% adjusted free cash flow margin in FY28.” Dipak Golechha, chief financial officer of Palo Alto Networks
Coming up
Webcast replay after the call. A replay of the webcast will be available three hours after it ends and archived for one year.
Console to expand Cortex. Management said Console will extend the role of the Cortex platform across enterprise agentic transformation.
Revenue by segment
As the company reports it in the segment note of each annual report: by business, by product and by region, latest year.
- Subscription$6.2B 54.3%
- Support$3.0B 25.8%
- Product$2.3B 19.9%
- United States$7.1B 61.9%
- Europe, the Middle East, and Africa (“EMEA”)$2.4B 21.1%
- Asia Pacific and Japan (“APAC”)$1.4B 12.0%
- Other Americas$571.0M 5.0%
Company events
Every 8-K, sorted by the event it reports, with the moment the SEC accepted it in New York time.
| 1 Sep 2026 | 8-K | Results | 2.02, 9.01 | |
| 21 Aug 2026 | 8-K | Leadership changeBylaws or fiscal year change | 5.02, 5.03, 9.01 | |
| 2 Jun 2026 | 8-K | Results | 2.02, 9.01 | |
| 13 Apr 2026 | 8-K | Material agreementNew debt | 1.01, 2.03, 9.01 | |
| 23 Mar 2026 | 8-K | Other events | 8.01 | |
| 11 Mar 2026 | 8-K | Other events | 8.01, 9.01 | |
| 17 Feb 2026 | 8-K | Results | 2.02, 9.01 | |
| 11 Feb 2026 | 8-K | Material agreementNew debtOther events | 1.01, 2.03, 8.01, 9.01 | |
| 29 Jan 2026 | 8-K | Investor update | 7.01, 9.01 | |
| 11 Dec 2025 | 8-K | Leadership changeShareholder vote | 5.02, 5.07, 9.01 | |
| 21 Nov 2025 | 8-K | Other events | 8.01 | |
| 19 Nov 2025 | 8-K | Leadership change | 5.02, 9.01 | |
| 19 Nov 2025 | 8-K | ResultsInvestor updateOther events | 2.02, 7.01, 8.01, 9.01 | |
| 25 Sep 2025 | 8-K | Other events | 8.01 | |
| 18 Aug 2025 | 8-K | ResultsLeadership changeBylaws or fiscal year change | 2.02, 5.02, 5.03, 9.01 | |
| 31 Jul 2025 | 8-K | Material agreement | 1.01, 9.01 | |
| 30 Jul 2025 | 8-K | Investor updateOther events | 7.01, 8.01, 9.01 | |
| 20 May 2025 | 8-K | Results | 2.02, 9.01 | |
| 13 Feb 2025 | 8-K | Results | 2.02, 9.01 | |
| 13 Feb 2025 | 8-K | Leadership change | 5.02, 9.01 | |
| 17 Dec 2024 | 8-K | Leadership change | 5.02, 9.01 | |
| 12 Dec 2024 | 8-K | Leadership changeShareholder voteBylaws or fiscal year change | 5.02, 5.03, 5.07, 9.01 | |
| 20 Nov 2024 | 8-K | ResultsOther events | 2.02, 8.01, 9.01 | |
| 15 Nov 2024 | 8-K | Other events | 8.01 | |
| 4 Sep 2024 | 8-K | Other events | 8.01, 9.01 | |
| 19 Aug 2024 | 8-K | ResultsOther events | 2.02, 8.01, 9.01 | |
| 20 May 2024 | 8-K | Results | 2.02, 9.01 | |
| 16 May 2024 | 8-K | Other events | 8.01, 9.01 | |
| 20 Feb 2024 | 8-K | Results | 2.02, 9.01 | |
| 14 Dec 2023 | 8-K | Leadership changeShareholder vote | 5.02, 5.07, 9.01 | |
| 29 Nov 2023 | 8-K | Other events | 8.01, 9.01 | |
| 17 Nov 2023 | 8-K | Other events | 8.01, 9.01 | |
| 15 Nov 2023 | 8-K | Results | 2.02, 9.01 | |
| 15 Nov 2023 | 8-K | Other events | 8.01 | |
| 18 Aug 2023 | 8-K | Results | 2.02, 9.01 | |
| 8 Jun 2023 | 8-K | Investor update | 7.01, 9.01 | |
| 5 Jun 2023 | 8-K | Investor update | 7.01 | |
| 23 May 2023 | 8-K | Results | 2.02, 9.01 | |
| 19 Apr 2023 | 8-K | Material agreementNew debt | 1.01, 2.03, 9.01 | |
| 21 Feb 2023 | 8-K | Results | 2.02, 9.01 | |
| 16 Dec 2022 | 8-K | Leadership changeShareholder vote | 5.02, 5.07 | |
| 17 Nov 2022 | 8-K | Results | 2.02, 9.01 | |
| 15 Nov 2022 | 8-K | Other events | 8.01 | |
| 22 Aug 2022 | 8-K | ResultsOther events | 2.02, 8.01, 9.01 | |
| 23 May 2022 | 8-K | Leadership changeBylaws or fiscal year change | 5.02, 5.03, 9.01 | |
| 19 May 2022 | 8-K | Results | 2.02, 9.01 | |
| 23 Feb 2022 | 8-K | Leadership change | 5.02 | |
| 22 Feb 2022 | 8-K | Results | 2.02, 9.01 | |
| 15 Dec 2021 | 8-K | Leadership changeShareholder vote | 5.02, 5.07 | |
| 18 Nov 2021 | 8-K | Results | 2.02, 9.01 |
Every filing
The company's filings with the SEC, newest first: 387 held. Insider, fund and large-holder filings have their own tables below.
| 10 Sep 2026 | S-8 | – | |
| 10 Sep 2026 | 10-K | 31 Jul 2026 | |
| 1 Sep 2026 | 8-K | 1 Sep 2026 | |
| 21 Aug 2026 | 8-K | 20 Aug 2026 | |
| 3 Jun 2026 | 10-Q | 30 Apr 2026 | |
| 2 Jun 2026 | 8-K | 2 Jun 2026 | |
| 27 May 2026 | SD | – | |
| 13 Apr 2026 | 8-K | 8 Apr 2026 | |
| 23 Mar 2026 | 8-K | 23 Mar 2026 | |
| 23 Mar 2026 | SC TO-I/A | – | |
| 11 Mar 2026 | 8-K | 10 Mar 2026 | |
| 19 Feb 2026 | SC TO-I | – | |
| 18 Feb 2026 | 10-Q | 31 Jan 2026 | |
| 17 Feb 2026 | 8-K | 17 Feb 2026 | |
| 11 Feb 2026 | S-8 POS | – | |
| 11 Feb 2026 | 8-K | 11 Feb 2026 | |
| 29 Jan 2026 | 8-K | 29 Jan 2026 | |
| 17 Dec 2025 | S-8 | – | |
| 11 Dec 2025 | 8-K | 9 Dec 2025 | |
| 1 Dec 2025 | DEFA14A | – | |
| 21 Nov 2025 | DEFA14A | – | |
| 21 Nov 2025 | 8-K | 21 Nov 2025 | |
| 20 Nov 2025 | 10-Q | 31 Oct 2025 | |
| 19 Nov 2025 | DEFA14A | – | |
| 19 Nov 2025 | 8-K | 18 Nov 2025 | |
| 19 Nov 2025 | 8-K | 19 Nov 2025 | |
| 7 Nov 2025 | ARS | 31 Jul 2025 | |
| 7 Nov 2025 | DEF 14A | 9 Dec 2025 | |
| 30 Sep 2025 | EFFECT | – | |
| 29 Sep 2025 | CORRESP | – | |
| 26 Sep 2025 | S-4/A | – | |
| 25 Sep 2025 | 425 | – | |
| 25 Sep 2025 | 8-K | 24 Sep 2025 | |
| 19 Sep 2025 | UPLOAD | – | |
| 12 Sep 2025 | S-4 | – | |
| 5 Sep 2025 | 425 | – | |
| 29 Aug 2025 | S-8 | – | |
| 29 Aug 2025 | 10-K | 31 Jul 2025 | |
| 20 Aug 2025 | 425 | – | |
| 19 Aug 2025 | 425 | – | |
| 18 Aug 2025 | 8-K | 13 Aug 2025 | |
| 5 Aug 2025 | 425 | – | |
| 1 Aug 2025 | 425 | – | |
| 31 Jul 2025 | 425 | – | |
| 31 Jul 2025 | 425 | – | |
| 31 Jul 2025 | 425 | – | |
| 31 Jul 2025 | 425 | – | |
| 31 Jul 2025 | 425 | – | |
| 31 Jul 2025 | 8-K | 31 Jul 2025 | |
| 30 Jul 2025 | 425 | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months, with the shares they held after.
| 9 Oct 2026 | Bawa AparnaDirector | Sale outside a trading plan | 170 | $410.00 | $69.7K | 4,507 | 9 Oct 2026 |
| 9 Oct 2026 | Bawa AparnaDirector | Sale outside a trading plan | 80 | $417.12 | $33.4K | 4,427 | 9 Oct 2026 |
| 1 Oct 2026 | Paul Josh D.Chief Accounting Officer | Sale under a trading plan | 400 | $395.70 | $158.3K | 77,987 | 5 Oct 2026 |
| 24 Sep 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 900 | $388.69 | $349.8K | 144,350 | 28 Sep 2026 |
| 24 Sep 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 2,160 | $389.85 | $842.1K | 142,190 | 28 Sep 2026 |
| 24 Sep 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 9,539 | $390.65 | $3.7M | 132,651 | 28 Sep 2026 |
| 24 Sep 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 5,301 | $391.71 | $2.1M | 127,350 | 28 Sep 2026 |
| 24 Sep 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 6,400 | $392.71 | $2.5M | 120,950 | 28 Sep 2026 |
| 24 Sep 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 2,200 | $393.58 | $865.9K | 118,750 | 28 Sep 2026 |
| 24 Sep 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 900 | $394.98 | $355.5K | 117,850 | 28 Sep 2026 |
| 24 Sep 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 100 | $396.21 | $39.6K | 117,750 | 28 Sep 2026 |
| 24 Sep 2026 | Bawa AparnaDirector | Sale outside a trading plan | 260 | $392.69 | $102.1K | 4,677 | 28 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 900 | $372.51 | $335.3K | 19,100 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 910 | $373.53 | $339.9K | 18,190 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 3,348 | $374.72 | $1.3M | 14,842 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 4,313 | $375.73 | $1.6M | 10,529 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 4,751 | $376.66 | $1.8M | 5,778 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 1,293 | $377.65 | $488.3K | 4,485 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 1,504 | $378.74 | $569.6K | 2,981 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 700 | $379.61 | $265.7K | 2,281 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 1,000 | $380.71 | $380.7K | 1,281 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 781 | $381.86 | $298.2K | 500 | 21 Sep 2026 |
| 17 Sep 2026 | Goetz James JDirector | Sale outside a trading plan | 500 | $382.69 | $191.3K | 0 | 21 Sep 2026 |
| 15 Sep 2026 | Bawa AparnaDirector | Sale outside a trading plan | 500 | $377.18 | $188.6K | 4,937 | 16 Sep 2026 |
| 14 Sep 2026 | Key John P.Director | Sale outside a trading plan | 2,500 | $376.03 | $940.1K | 10,000 | 16 Sep 2026 |
| 14 Sep 2026 | Bawa AparnaDirector | Sale outside a trading plan | 1,000 | $373.61 | $373.6K | 5,437 | 16 Sep 2026 |
| 1 Sep 2026 | Paul Josh D.Chief Accounting Officer | Sale under a trading plan | 900 | $373.68 | $336.3K | 72,484 | 3 Sep 2026 |
| 25 Aug 2026 | Paul Josh D.Chief Accounting Officer | Sale under a trading plan | 900 | $353.77 | $318.4K | 73,354 | 27 Aug 2026 |
| 7 Jul 2026 | Thorning-Schmidt HelleDirector | Sale outside a trading plan | 700 | $346.85 | $242.8K | 5,898 | 8 Jul 2026 |
| 1 Jul 2026 | Paul Josh D.Chief Accounting Officer | Sale under a trading plan | 900 | $345.00 | $310.5K | 79,644 | 1 Jul 2026 |
| 1 Jul 2026 | Bawa AparnaDirector | Sale outside a trading plan | 290 | $348.74 | $101.1K | 6,437 | 1 Jul 2026 |
| 29 Jun 2026 | Bawa AparnaDirector | Sale outside a trading plan | 327 | $309.83 | $101.3K | 7,032 | 1 Jul 2026 |
| 29 Jun 2026 | Bawa AparnaDirector | Sale outside a trading plan | 305 | $328.14 | $100.1K | 6,727 | 1 Jul 2026 |
| 23 Jun 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 300 | $284.80 | $85.4K | 149,950 | 24 Jun 2026 |
| 23 Jun 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 200 | $286.68 | $57.3K | 149,750 | 24 Jun 2026 |
| 23 Jun 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 1,300 | $288.96 | $375.6K | 148,450 | 24 Jun 2026 |
| 23 Jun 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 2,100 | $290.03 | $609.1K | 146,350 | 24 Jun 2026 |
| 23 Jun 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 886 | $291.07 | $257.9K | 145,464 | 24 Jun 2026 |
| 23 Jun 2026 | Golechha DipakEVP, Chief Financial Officer | Sale under a trading plan | 214 | $291.84 | $62.5K | 145,250 | 24 Jun 2026 |
| 22 Jun 2026 | Bawa AparnaDirector | Sale outside a trading plan | 345 | $290.17 | $100.1K | 7,359 | 22 Jun 2026 |
| 12 Jun 2026 | Goetz James JDirector | Sale outside a trading plan | 1,400 | $277.89 | $389.0K | 38,600 | 16 Jun 2026 |
| 12 Jun 2026 | Goetz James JDirector | Sale outside a trading plan | 4,800 | $278.89 | $1.3M | 33,800 | 16 Jun 2026 |
| 12 Jun 2026 | Goetz James JDirector | Sale outside a trading plan | 7,114 | $279.88 | $2.0M | 26,686 | 16 Jun 2026 |
| 12 Jun 2026 | Goetz James JDirector | Sale outside a trading plan | 5,193 | $280.89 | $1.5M | 21,493 | 16 Jun 2026 |
| 12 Jun 2026 | Goetz James JDirector | Sale outside a trading plan | 1,493 | $281.64 | $420.5K | 20,000 | 16 Jun 2026 |
| 12 Jun 2026 | Bawa AparnaDirector | Sale outside a trading plan | 536 | $280.00 | $150.1K | 7,704 | 12 Jun 2026 |
| 12 Jun 2026 | Key John P.Director | Sale outside a trading plan | 7,500 | $279.24 | $2.1M | 12,500 | 12 Jun 2026 |
| 11 Jun 2026 | Bawa AparnaDirector | Sale outside a trading plan | 555 | $270.00 | $149.8K | 8,240 | 12 Jun 2026 |
| 10 Jun 2026 | Bawa AparnaDirector | Sale outside a trading plan | 377 | $265.00 | $99.9K | 8,795 | 12 Jun 2026 |
| 1 Jun 2026 | Paul Josh D.Chief Accounting Officer | Sale under a trading plan | 1,100 | $285.08 | $313.6K | 81,636 | 2 Jun 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| 13 Oct 2026 | Nikesh AroraOfficer | 500,000 | $201.4M | 12 Oct 2026 |
| 9 Oct 2026 | Aparna BawaAffiliate | 250 | $99.6K | 9 Oct 2026 |
| 8 Oct 2026 | Lee KlarichOfficer | 60,000 | $23.9M | 8 Oct 2026 |
| 24 Sep 2026 | Aparna BawaAffiliate | 750 | $295.0K | 24 Sep 2026 |
| 24 Sep 2026 | DIPAK GOLECHHAOfficer | 35,000 | $13.8M | 24 Sep 2026 |
| 17 Sep 2026 | GOETZ 2025 IRR CHILDRENS TRUSTDirector | 20,000 | $7.5M | 17 Sep 2026 |
| 15 Sep 2026 | Aparna BawaAffiliate | 500 | $187.0K | 15 Sep 2026 |
| 14 Sep 2026 | Aparna BawaAffiliate | 1,000 | $330.6K | 14 Sep 2026 |
| 14 Sep 2026 | JOHN KEYDirector | 2,500 | $940.1K | 14 Sep 2026 |
| 25 Aug 2026 | JOSHUA PAULOfficer | 3,300 | $1.2M | 25 Aug 2026 |
| 7 Jul 2026 | HELLE THORNING-SCHMIDTDirector | 700 | $242.8K | 7 Jul 2026 |
| 12 Jun 2026 | JOHN KEYDirector | 7,500 | $2.1M | 12 Jun 2026 |
| 12 Jun 2026 | GOETZ 2025 IRR CHILDREN'S TRUSTDirector | 20,000 | $5.6M | 12 Jun 2026 |
| 11 Jun 2026 | Aparna BawaAffiliate | 3,333 | $862.6K | 10 Jun 2026 |
| 22 May 2026 | Lee KlarichOfficer | 62,904 | $16.4M | 22 May 2026 |
| 20 May 2026 | JOSHUA PAULOfficer | 2,400 | $576.3K | 20 May 2026 |
| 8 Apr 2026 | JOHN KEYDirector | 1,572 | $272.5K | 8 Apr 2026 |
| 7 Apr 2026 | MARY PAT MCCARTHYFormer Director | 11,776 | $2.0M | 7 Apr 2026 |
| 1 Apr 2026 | DIPAK GOLECHHAOfficer | 10,000 | $1.6M | 1 Apr 2026 |
| 6 Mar 2026 | GOETZ 2025 IRR CHILDRENS TRUSTDirector | 22,684 | $3.7M | 6 Mar 2026 |
| 8 Jan 2026 | Lee KlarichOfficer | 120,768 | $23.0M | 8 Jan 2026 |
| 2 Jan 2026 | WILLIAM D JENKINS JR.Officer | 904 | $166.5K | 2 Jan 2026 |
| 2 Jan 2026 | JOSHUA D PAULOfficer | 3,600 | $663.1K | 2 Jan 2026 |
| 29 Dec 2025 | WILLIAM D JENKINS JR.Officer | 6,218 | $1.2M | 26 Dec 2025 |
| 23 Dec 2025 | DIPAK GOLECHHAOfficer | 5,000 | $947.5K | 23 Dec 2025 |
| 9 Dec 2025 | GOETZ 1998 IR CH TRDirector | 12,500 | $2.4M | 9 Dec 2025 |
| 8 Dec 2025 | MICHAEL T GOETZ TTEE GOETZ 1998 IR CH TR U/A DTD04/24/1998Director | 12,500 | $2.4M | 8 Dec 2025 |
| 3 Dec 2025 | Lee KlarichOfficer | 120,774 | $23.4M | 3 Dec 2025 |
| 1 Dec 2025 | JOSHUA PAULOfficer | 700 | $133.1K | 1 Dec 2025 |
| 3 Nov 2025 | Lee KlarichOfficer | 120,774 | $26.5M | 3 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| 30 Apr 2026 | Vanguard Capital Management | 13G | 7.44% | 60.8M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 30 Oct 2025 | The Vanguard Group | 13G amended | 9.75% | 65.3M |
Trades by members of the House
From each member's periodic transaction report: the amount is the band the report gives.
| 16 Jul 2026 | Josh GottheimerNJ05 | Purchase | $1,001 - $15,000 | JT | 10 Aug 2026 |
| 31 Jul 2026 | John J Mr McGuireVA05 | Sale (partial) | $1,001 - $15,000 | SP | 10 Aug 2026 |
| 10 Jul 2026 | Dan NewhouseWA04 | Sale (partial) | $1,001 - $15,000 | SP | 17 Jul 2026 |
| 14 May 2026 | Josh GottheimerNJ05 | Purchase | $1,001 - $15,000 | JT | 3 Jun 2026 |
| 14 Apr 2026 | Gilbert CisnerosCA31 | Purchase | $1,001 - $15,000 | Self | 8 May 2026 |
| 31 Mar 2026 | Jared MoskowitzFL23 | Purchase | $1,001 - $15,000 | Self | 30 Apr 2026 |
| 23 Mar 2026 | Jared MoskowitzFL23 | Purchase | $1,001 - $15,000 | DC | 30 Apr 2026 |
| 13 Mar 2026 | Gilbert CisnerosCA31 | Purchase | $1,001 - $15,000 | Self | 7 Apr 2026 |
| 27 Feb 2026 | Josh GottheimerNJ05 | Sale | $1,001 - $15,000 | JT | 16 Mar 2026 |
| 5 Feb 2026 | Jonathan JacksonIL01 | Sale | $50,001 - $100,000 | JT | 12 Mar 2026 |
| 11 Dec 2025 | Dan NewhouseWA04 | Purchase | $1,001 - $15,000 | SP | 15 Jan 2026 |
| 24 Oct 2025 | Marjorie Taylor GreeneGA14 | Purchase | $1,001 - $15,000 | Self | 28 Oct 2025 |
| 13 Mar 2025 | Valerie HoyleOR04 | Purchase | $1,001 - $15,000 | SP | 12 Sep 2025 |
| 19 Aug 2025 | Valerie HoyleOR04 | Sale | $1,001 - $15,000 | SP | 12 Sep 2025 |
| 3 Mar 2025 | Jonathan JacksonIL01 | Purchase | $1,001 - $15,000 | SP | 25 Aug 2025 |
| 17 Mar 2025 | Jonathan JacksonIL01 | Sale | $1,001 - $15,000 | SP | 25 Aug 2025 |
| 11 Dec 2024 | Lisa McClainMI09 | Purchase | $1,001 - $15,000 | SP | 13 Aug 2025 |
| 9 Jun 2025 | Lisa McClainMI09 | Sale (partial) | $1,001 - $15,000 | SP | 13 Aug 2025 |
| 16 Jul 2025 | Lisa McClainMI09 | Sale | $1,001 - $15,000 | SP | 13 Aug 2025 |
| 10 Jul 2025 | Lisa McClainMI09 | Purchase | $1,001 - $15,000 | SP | 13 Aug 2025 |
| 8 May 2025 | Jefferson ShreveIN06 | Purchase | $15,001 - $50,000 | Self | 22 Jun 2025 |
| 12 May 2025 | Jefferson ShreveIN06 | Sale | $15,001 - $50,000 | Self | 22 Jun 2025 |
| 7 Apr 2025 | Julie JohnsonTX32 | Sale | $1,001 - $15,000 | JT | 14 May 2025 |
| 7 Apr 2025 | Jefferson ShreveIN06 | Sale | $15,001 - $50,000 | Self | 8 May 2025 |
| 5 May 2025 | Marjorie Taylor GreeneGA14 | Purchase | $1,001 - $15,000 | Self | 6 May 2025 |
| 18 Mar 2025 | Gilbert CisnerosCA31 | Sale (partial) | $1,001 - $15,000 | Self | 7 Apr 2025 |
| 19 Mar 2025 | Gilbert CisnerosCA31 | Sale (partial) | $1,001 - $15,000 | Self | 7 Apr 2025 |
| 13 Jan 2025 | Rob BresnahanPA08 | Sale | $1,001 - $15,000 | JT | 13 Feb 2025 |
| 16 Jan 2025 | Josh GottheimerNJ05 | Sale (partial) | $1,001 - $15,000 | JT | 10 Feb 2025 |
| 21 Jan 2025 | Marjorie Taylor GreeneGA14 | Purchase | $1,001 - $15,000 | Self | 27 Jan 2025 |
| 8 Jan 2025 | Marjorie Taylor GreeneGA14 | Purchase | $1,001 - $15,000 | Self | 27 Jan 2025 |
| 20 Dec 2024 | Nancy PelosiCA11 | Purchase | $1,000,001 - $5,000,000 | SP | 17 Jan 2025 |
| 2 Jan 2025 | James ComerKY01 | Purchase | $1,001 - $15,000 | Self | 10 Jan 2025 |
| 7 Nov 2024 | Marjorie Taylor Mrs GreeneGA14 | Purchase | $1,001 - $15,000 | Self | 8 Nov 2024 |
| 3 Sep 2024 | Marjorie Taylor Mrs GreeneGA14 | Purchase | $1,001 - $15,000 | Self | 4 Sep 2024 |
| 9 Feb 2024 | Michael C. BurgessTX26 | Sale | $15,001 - $50,000 | Self | 7 Mar 2024 |
| 21 Feb 2024 | Josh GottheimerNJ05 | Sale (partial) | $1,001 - $15,000 | JT | 7 Mar 2024 |
| 12 Feb 2024 | Nancy PelosiCA11 | Purchase of options | $500,001 - $1,000,000 | SP | 23 Feb 2024 |
| 21 Feb 2024 | Nancy PelosiCA11 | Purchase of options | $100,001 - $250,000 | SP | 23 Feb 2024 |
| 24 Jan 2024 | William R. KeatingMA09 | Purchase | $1,001 - $15,000 | Self | 5 Feb 2024 |
| 2 Jan 2024 | Michael C. BurgessTX26 | Sale | $15,001 - $50,000 | SP | 22 Jan 2024 |
| 1 Dec 2023 | Jonathan JacksonIL01 | Purchase | $50,001 - $100,000 | JT | 12 Jan 2024 |
| 8 Dec 2023 | Michael C. BurgessTX26 | Purchase | $15,001 - $50,000 | Self | 18 Dec 2023 |
| 4 Dec 2023 | John CurtisUT03 | Sale | $1,001 - $15,000 | JT | 15 Dec 2023 |
| 28 Nov 2023 | Josh GottheimerNJ05 | Purchase | $1,001 - $15,000 | JT | 8 Dec 2023 |
| 24 Oct 2023 | Greg StantonAZ04 | Sale | $1,001 - $15,000 | SP | 9 Nov 2023 |
| 13 Sep 2023 | John CurtisUT03 | Purchase | $1,001 - $15,000 | JT | 4 Oct 2023 |
| 30 Nov 2022 | Susie LeeNV03 | Sale | $1,001 - $15,000 | JT | 29 Dec 2022 |
| 26 May 2021 | Susie LeeNV03 | Purchase | $1,001 - $15,000 | JT | 14 Jun 2021 |
Short interest
Shares sold short and not yet bought back, on every FINRA settlement date.
| 30 Sep 2026 | 21.6M | -1.21% | 3.37 |
| 15 Sep 2026 | 21.9M | +2.15% | 3.02 |
| 31 Aug 2026 | 21.4M | -4.47% | 3.85 |
| 14 Aug 2026 | 22.4M | +6.73% | 3.95 |
| 31 Jul 2026 | 21.0M | +2.83% | 3.48 |
| 15 Jul 2026 | 20.4M | -18.31% | 2.83 |
| 30 Jun 2026 | 25.0M | +10.96% | 3.31 |
| 15 Jun 2026 | 22.5M | -12.25% | 2.25 |
| 29 May 2026 | 25.7M | -8.26% | 3.03 |
| 15 May 2026 | 28.0M | +11.07% | 3.4 |
Funds that hold it
Every fund's holding from its latest Form 13F, largest first, with what it added or trimmed in the quarter.
Funds holding
3,060
quarter to 30 Jun 2026
Added or new
1,459
since 31 Mar 2026
Trimmed
1,115
in the quarter
Largest holder
BlackRock, Inc.
$25.8B
| BlackRock, Inc. | $25.8B | 75.8M | +3.3M | Added | 0.39% | Filing ↗ |
| Vanguard Capital Management LLC | $18.1B | 53.1M | +363.5K | Added | 0.39% | Filing ↗ |
| State Street Corp. | $12.6B | 37.0M | +1.5M | Added | 0.37% | Filing ↗ |
| Morgan Stanley | $10.0B | 29.5M | -2.9M | Trimmed | 0.53% | Filing ↗ |
| Invesco Ltd. | $8.7B | 25.6M | +1.7M | Added | 0.69% | Filing ↗ |
| Bank of America Corp. | $7.7B | 22.7M | +205.1K | Added | 0.50% | Filing ↗ |
| JPMorgan Chase & Co. | $7.2B | 21.7M | +8.2M | Added | 0.42% | Filing ↗ |
| FMR LLC | $6.8B | 20.1M | +11.9M | Added | 0.30% | Filing ↗ |
| Geode Capital Management, LLC | $6.7B | 19.6M | +292.1K | Added | 0.36% | Filing ↗ |
| Vanguard Portfolio Management LLC | $6.6B | 19.3M | -253.8K | Trimmed | 0.30% | Filing ↗ |
| Norges Bank | $3.3B | 9.8M | – | Held | 0.33% | Filing ↗ |
| Nuveen, LLC | $3.1B | 9.0M | +1.0M | Added | 0.73% | Filing ↗ |
| UBS AM, a distinct business unit of UBS Asset Management Americas LLC | $3.0B | 8.8M | +706.0K | Added | 0.55% | Filing ↗ |
| Northern Trust Corp. | $3.0B | 8.8M | +77.3K | Added | 0.35% | Filing ↗ |
| Goldman Sachs Group Inc. | $2.7B | 7.9M | +1.7M | Added | 0.28% | Filing ↗ |
| Royal Bank of Canada | $2.4B | 7.0M | -597.1K | Trimmed | 0.40% | Filing ↗ |
| UBS Group AG | $2.3B | 6.8M | -1.5M | Trimmed | 0.37% | Filing ↗ |
| Ameriprise Financial Inc. | $2.2B | 6.6M | +62.4K | Added | 0.46% | Filing ↗ |
| Charles Schwab Investment Management Inc. | $2.2B | 6.4M | +434.7K | Added | 0.29% | Filing ↗ |
| Wells Fargo & Company | $2.0B | 6.0M | -149.8K | Trimmed | 0.35% | Filing ↗ |
| Legal & General Group Plc | $2.0B | 5.8M | -479.8K | Trimmed | 0.41% | Filing ↗ |
| Fisher Asset Management, LLC | $2.0B | 5.8M | +5.5M | Added | 0.58% | Filing ↗ |
| Amundi | $1.8B | 5.4M | -880.4K | Trimmed | 0.45% | Filing ↗ |
| First Trust Advisors LP | $1.8B | 5.3M | -1.2M | Trimmed | 1.05% | Filing ↗ |
| Vanguard Fiduciary Trust Co. | $1.6B | 4.7M | -3.7K | Held | 0.35% | Filing ↗ |
| Bank of New York Mellon Corp | $1.6B | 4.6M | -20.8K | Trimmed | 0.26% | Filing ↗ |
| Deutsche Bank AG | $1.5B | 4.3M | -205.2K | Trimmed | 0.43% | Filing ↗ |
| Price T Rowe Associates Inc. | $1.4B | 4.2M | +1.6M | Added | 0.14% | Filing ↗ |
| Clearbridge Investments, LLC | $1.4B | 4.2M | -755.7K | Trimmed | 1.17% | Filing ↗ |
| Barclays PLC | $1.1B | 3.1M | -686.6K | Trimmed | 0.34% | Filing ↗ |
| Bank of Montreal | $1.0B | 3.0M | -15.9K | Trimmed | 0.37% | Filing ↗ |
| BNP Paribas Asset Management Holding S.A. | $996.6M | 2.9M | -353.7K | Trimmed | 1.01% | Filing ↗ |
| Wellington Management Group LLP | $946.1M | 2.8M | +1.1M | Added | 0.16% | Filing ↗ |
| Franklin Resources Inc. | $904.1M | 2.7M | -107.8K | Trimmed | 0.20% | Filing ↗ |
| Swedbank AB | $827.4M | 2.4M | -313.8K | Trimmed | 0.71% | Filing ↗ |
| Citigroup Inc. | $800.2M | 2.3M | +98.2K | Added | 0.37% | Filing ↗ |
| Sumitomo Mitsui Trust Group, Inc. | $780.6M | 2.3M | +40.5K | Added | 0.45% | Filing ↗ |
| Swiss National Bank | $780.0M | 2.3M | -84.3K | Trimmed | 0.41% | Filing ↗ |
| Pictet Asset Management Holding SA | $771.8M | 2.3M | -2.5M | Trimmed | 0.74% | Filing ↗ |
| Raymond James Financial Inc. | $752.5M | 2.2M | -80.0K | Trimmed | 0.20% | Filing ↗ |
| Jane Street Group, LLC | $750.4M | 2.2M | +2.1M | Added | 0.48% | Filing ↗ |
| Voya Investment Management LLC | $735.0M | 2.2M | +97.2K | Added | 0.69% | Filing ↗ |
| Stifel Financial Corp. | $719.0M | 2.1M | -57.6K | Trimmed | 0.60% | Filing ↗ |
| Mitsubishi UFJ Asset Management Co., Ltd. | $713.0M | 2.1M | +130.0K | Added | 0.40% | Filing ↗ |
| National Pension Service | $667.0M | 2.0M | -195.4K | Trimmed | 0.43% | Filing ↗ |
| Schroder Investment Management Group | $644.6M | 1.9M | -489.3K | Trimmed | 0.46% | Filing ↗ |
| Lazard Asset Management LLC | $618.9M | 1.8M | -258.7K | Trimmed | 0.94% | Filing ↗ |
| Assenagon Asset Management S.A. | $614.7M | 1.8M | – | Held | 0.40% | Filing ↗ |
| Vanguard Global Advisers, LLC | $596.4M | 1.7M | -18.1K | Trimmed | 0.28% | Filing ↗ |
| HSBC Holdings PLC | $592.3M | 1.7M | +122.1K | Added | 0.28% | Filing ↗ |
Executive pay and performance
What the chief executive and the other named officers were paid, as reported and as actually paid, next to the shareholder return and net income, from each proxy's pay-versus-performance table.
| Fiscal year | CEO pay, as reported | CEO pay, actually paid | Other officers, as reported (average) | Other officers, actually paid (average) | Shareholder return, $100 | Peer return, $100 | Net income | NGS ARR | Proxy |
|---|---|---|---|---|---|---|---|---|---|
| FY ending 31 Jul 2025 | $99.7M | $267.5M | $23.5M | $61.7M | $407 | $281 | $1.13B | $5.60B | DEF 14A 7 Nov 2025 |
| FY ending 31 Jul 2024 | $58.0M | $105.3M | $16.3M | $14.5M | $381 | $227 | $2.58B | $4.20B | DEF 14A 7 Nov 2025 |
| FY ending 31 Jul 2023 | $151.4M | $266.4M | $12.1M | $31.8M | $293 | $168 | $439.7M | $3.00B | DEF 14A 7 Nov 2025 |
| FY ending 31 Jul 2022 | $10.4M | $208.5M | $8.1M | $56.8M | $195 | $132 | $-267.0M | $1.90B | DEF 14A 7 Nov 2025 |
| FY ending 31 Jul 2021 | $23.3M | $219.7M | $10.3M | $54.8M | $156 | $140 | $-498.9M | $1.20B | DEF 14A 7 Nov 2025 |
Each year from the newest proxy that reports it. Pay actually paid follows the SEC's definition and can be below zero when share awards fall in value. n the proxy's net income differs from the 10-K or was tagged without its scale: hover for which.
Shareholder votes
The vote count on every proposal at each meeting, from the company's 8-K.
| Proposal | For | Against or withheld | Abstain | Broker non-votes | For, % of for and against | Result |
|---|---|---|---|---|---|---|
| 1. The following individuals were elected at the Annual Meeting to serve as Class II directors of the Company until the Company’s 2028 Annual Meeting of Shareholders or until their respective successors are duly elected and qualified: | ||||||
| John M. Donovan | 376,253,404 | 100,772,985 | 2,410,262 | 99,483,700 | 78.9% | – |
| James J. Goetz | 448,899,907 | 29,604,761 | 931,983 | 99,483,700 | 93.8% | – |
| Helle Thorning-Schmidt | 475,853,088 | 2,525,395 | 1,058,168 | 99,483,700 | 99.5% | – |
| 2. The Company’s shareholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending July 31, 2026. | ||||||
| All shares voting | 563,913,034 | 13,982,420 | 1,024,897 | – | 97.6% | – |
| 3. The shareholders cast their votes with respect to an advisory resolution on named executive officer compensation as follows: | ||||||
| All shares voting | 221,211,579 | 253,792,757 | 4,432,315 | 99,483,700 | 46.6% | – |
| 4. An amendment to the 2021 Plan to increase the number of shares reserved for future issuance under the 2021 Plan was approved. | ||||||
| All shares voting | 452,562,682 | 22,624,650 | 4,249,319 | 99,483,700 | 95.2% | – |
| 5. A shareholder proposal regarding a policy addressing the impact of share repurchases on financial performance metrics was not approved. | ||||||
| All shares voting | 14,772,873 | 458,665,165 | 5,998,613 | 99,483,700 | 3.1% | – |
| 6. A shareholder proposal regarding electing each of our directors annually was approved. | ||||||
| All shares voting | 443,608,224 | 29,292,421 | 6,536,006 | 99,483,700 | 93.8% | – |
Counts as the company reports them in its 8-K. A result shows when the filing states one. Meetings since 2023.
Dividends and buybacks
Dividend per share, the cash paid and the shares bought back, each fiscal year.
This company has paid no dividend in the years held.
Peers
Companies in the same industry, largest first, on the same measures.
| Company | Market value | Revenue, 12 months | Revenue growth | Operating margin | Net margin | ROE | P/E | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|
| Palo Alto Networks Inc.this company | $310.2B | $11.5B | 24.5% | 6.1% | 2.7% | 1.1% | 746.4× | 199.7× |
| Fortinet, Inc. | $132.0B | $7.5B | 18.8% | 32.4% | 28.2% | 136.7% | 63.4× | 49.8× |
| Logitech International S.A. | $15.7B | $4.9B | 6.6% | 17.7% | 16.3% | 34.1% | 20.1× | 14.7× |
| Corsair Gaming, Inc. | $1.5B | $1.5B | 3.1% | 2.9% | 2.5% | 5.5% | 45.8× | – |
What the company does
Palo Alto Networks is a cybersecurity provider, incorporated in 2005 and headquartered in Santa Clara, California, with a financial year ending on 31 July. Its platforms and services secure enterprise users, networks, clouds, endpoints, AI applications and agents, and identities, and give real-time visibility across cloud infrastructure, applications and AI workloads. The stated strategy is to help customers simplify their security architecture by consolidating separate point products, packaging capabilities into platforms that cover many of a customer's needs at once, which the company calls platformization.
Network and AI security
This platform is built around zero trust. Prisma Access with Prisma SD-WAN forms the secure access service edge offering for users, branches, data and AI applications, with Prisma Browser extending zero trust and data protection into the browser. Machine-learning next-generation firewalls secure campus locations and data centres, and software versions of them secure virtual and cloud networks. A suite of cloud-delivered security services sits on top, including advanced threat prevention, WildFire, URL filtering, DNS security, device security, quantum security, GlobalProtect, enterprise data loss prevention, software as a service security and AI access security. Prisma AIRS is the AI security platform, bringing together an AI gateway, agent security, red teaming, runtime security, model security and posture management to discover, assess and protect AI agents, applications, models and data. Strata Cloud Manager manages the firewall and secure access estate from one interface, with a natural language assistant and digital experience monitoring.
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