PANW Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-07-31), PANW reported revenue of $2.2B, gross profit of $1.6B (73.8% gross margin), operating income of $238M, and net income of $358M (16.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PANW was profitable; revenue grew 12.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +12.1% | +57.1% | +4.7 pp |
| Quarter over quarter | +10.3% | +28.3% | +2.3 pp |
Consensus estimate data is not available for this report.
PANW Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.2B | 100% |
| Cost of Revenue | −$574M | 26.2% |
| Gross Profit | $1.6B | 73.8% |
| Research & Development | −$495M | 22.6% |
| Selling, General & Administrative | −$883M | 40.3% |
| Operating Income | $238M | 10.9% |
| Interest Expense | −$300,000 | 0.0% |
| Other Income, net | $81M | 3.7% |
| Income Tax Expense | $39M | 1.8% |
| Net Income | $358M | 16.3% |
Source: original SEC filing (filed 2024-08-19). Accession 0001327567-24-000023. Data normalized by EarningsFyi.