Quick Answer
Palo Alto Networks Inc reported R&D Expense of $1.98 billion for fiscal year 2025.
Palo Alto Networks Inc R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.98B | +9.7% |
| 2024 | $1.81B | +12.8% |
| 2023 | $1.60B | +13.1% |
| 2022 | $1.42B | +24.3% |
| 2021 | $1.14B | +48.5% |
| 2020 | $768.10M | +42.4% |
| 2019 | $539.50M | +34.6% |
| 2018 | $400.70M | +15.3% |
| 2017 | $347.40M | +22.2% |
| 2016 | $284.20M | +53.0% |
| 2015 | $185.80M | +77.3% |
| 2014 | $104.81M | +67.7% |
| 2013 | $62.48M | +62.0% |
| 2012 | $38.57M | +80.5% |
| 2011 | $21.37M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| January 31, 2026 | $511.00M | +1.2% | -3.2% |
| October 31, 2025 | $528.00M | +9.8% | +6.8% |
| April 30, 2025 | $494.50M | +8.2% | -2.1% |
| January 31, 2025 | $505.00M | +12.7% | +5.0% |
| October 31, 2024 | $481.00M | +17.5% | +5.2% |
| April 30, 2024 | $457.20M | +10.5% | +2.1% |
| January 31, 2024 | $447.90M | +10.8% | +9.4% |
| October 31, 2023 | $409.50M | +10.1% | -1.0% |
- Palo Alto Networks Inc showed an increase of +9.7% in R&D Expense compared to the prior fiscal year.
- Over the 2011–2025 period, Palo Alto Networks Inc’s r&d expense has grown by 9186.2% (from $21.37 million to $1.98 billion).
- The most recent figure is from Palo Alto Networks Inc’s fiscal year 2025 report (Form 10-K), filed with the SEC on August 29, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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