PANW Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-07-31), PANW reported revenue of $2.0B, gross profit of $1.4B (74.1% gross margin), operating income of $254M, and net income of $228M (11.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PANW was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
PANW Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.0B | 100% |
| Cost of Revenue | −$507M | 25.9% |
| Gross Profit | $1.4B | 74.1% |
| Research & Development | −$414M | 21.2% |
| Selling, General & Administrative | −$779M | 39.9% |
| Operating Income | $254M | 13.0% |
| Interest Expense | −$6M | 0.3% |
| Other Income, net | $69M | 3.5% |
| Income Tax Expense | −$89M | 4.5% |
| Net Income | $228M | 11.7% |
Source: original SEC filing (filed 2023-08-18). Accession 0001327567-23-000020. Data normalized by EarningsFyi.