← Palo Alto Networks, Inc.

PANW

Rule of 40

Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.

Latest Rule of 40: +57 (2026Q3); +17 pts YoY.

Revenue EPS Free Cash Flow Gross Margin FCF Margin P/E Ratio Cumulative FCF Shares Outstanding Rule of 40

Quarterly Rule of 40 Data

Period Value
2025Q1 +82
2025Q2 +37
2025Q3 +40
2025Q4 +53
2026Q1 +84
2026Q2 +30
2026Q3 +57

Networking & Security Comparison

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Other PANW Charts

More quarter-by-quarter fundamentals for Palo Alto Networks, Inc.

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Revenue →

EPS →

Free Cash Flow →

Gross Margin →

FCF Margin →

P/E Ratio →

Cumulative FCF →

Shares Outstanding →