PANW · 10-K · 2026A · Full report

Operating Cash Flow Trends

Palo Alto Networks Inc · 2026-09-10 · Importance 59 · Surprise 48 · Matches filing data

Net cash provided by operating activities was $4.6 billion in fiscal 2026. Operating cash flow increased $837 million from fiscal 2025, driven primarily by business growth and higher customer collections. Higher cash expenditures supporting business growth partially offset the increase in operating cash flow.

Key facts

• Net cash provided by operating activities during fiscal 2026 was $4.6 billion, an increase of $837 million compared to fiscal 2025. source
• Net cash provided by operating activities for fiscal 2026 was $4,553 million. source
• The increase in net cash provided by operating activities during fiscal 2026 was primarily due to growth of our business as reflected by increases in collections during fiscal 2026, partially offset by higher cash expenditure to support our business growth. source
• Our operating activities have consisted of net income adjusted for certain non-cash items and changes in assets and liabilities. source
• Our largest source of cash provided by our operations is receipts from our customers. source

Impact estimates