PANW Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-04-30), PANW reported revenue of $2.0B, gross profit of $1.5B (74.1% gross margin), operating income of $177M, and net income of $279M (14.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PANW was profitable; revenue grew 0.5% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +0.5% | −84.0% | −74.4 pp |
Consensus estimate data is not available for this report.
PANW Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.0B | 100% |
| Cost of Revenue | −$514M | 25.9% |
| Gross Profit | $1.5B | 74.1% |
| Research & Development | −$457M | 23.0% |
| Selling, General & Administrative | −$837M | 42.2% |
| Operating Income | $177M | 8.9% |
| Other Income, net | $77M | 3.9% |
| Income Tax Expense | $28M | 1.4% |
| Net Income | $279M | 14.0% |
Source: original SEC filing (filed 2024-05-20). Accession 0001327567-24-000015. Data normalized by EarningsFyi.