Palo Alto Networks Inc R&D Expense 2011-2026 | PANW
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is Palo Alto Networks Inc's current r&d expense?
Palo Alto Networks Inc (PANW) annual r&d expense for 2025 was $1.98B, a 9.66% increase from 2024. Palo Alto Networks Inc r&d expense for the quarter ending October 31, 2025 was $528.0M.
What was Palo Alto Networks Inc's r&d expense in 2024?
Palo Alto Networks Inc annual r&d expense for 2024 was $1.81B, a 12.81% increase from 2023.
What was Palo Alto Networks Inc's r&d expense in 2023?
Palo Alto Networks Inc annual r&d expense for 2023 was $1.60B, a 13.14% increase from 2022.
What is Palo Alto Networks Inc's 5-year r&d expense CAGR?
Palo Alto Networks Inc r&d expense grew at a compound annual growth rate (CAGR) of 20.90% from FY2020 to FY2025, going from $768.1M to $1.98B over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+20.9%
FY2020
$768.1M
→
FY2025
$1.98B
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $1.98B | +9.7% | 10-K |
| FY2024 | $1.81B | +12.8% | 10-K |
| FY2023 | $1.60B | +13.1% | 10-K |
| FY2022 | $1.42B | +24.3% | 10-K |
| FY2021 | $1.14B | +48.5% | 10-K |
| FY2020 | $768.1M | +42.4% | 10-K |
| FY2019 | $539.5M | +34.6% | 10-K |
| FY2018 | $400.7M | +15.3% | 10-K |
| FY2017 | $347.4M | +22.2% | 10-K |
| FY2016 | $284.2M | +53.0% | 10-K |
| FY2015 | $185.8M | +77.3% | 10-K |
| FY2014 | $104.8M | +67.7% | 10-K |
| FY2013 | $62.5M | +62.0% | 10-K |
| FY2012 | $38.6M | +80.5% | 10-K |
| FY2011 | $21.4M | - | 10-K |
Company: Palo Alto Networks IncTicker: PANWSector: TechnologyIndustry: Computer Peripheral Equipment, NECView company profile →