PANW · 10-K · 2026A · Full report

Capital Return Program

Palo Alto Networks Inc · 2026-09-10 · Importance 58 · Surprise 42 · Matches filing data

Palo Alto Networks’ board has authorized $5.1 billion of cumulative share repurchases, funded from available working capital and executed at management’s discretion. As of July 31, 2026, $1.0 billion remained available under the authorization. The repurchase authorization expires on December 31, 2026, unless suspended or discontinued earlier. The filing does not disclose a dividend program in this section.

Key facts

• The board authorized a share repurchase program originally for $1.0 billion in February 2019 and subsequently increased the total authorization to $5.1 billion, with $1.0 billion remaining available for future repurchases as of July 31, 2026. source
• The repurchase authorization will expire on December 31, 2026 and may be suspended or discontinued at any time without prior notice. source
• Net cash used in financing activities for fiscal 2026 was $(1,202) million. source
• The increase in net cash used in financing activities during fiscal 2026 was primarily due to repurchases of our common stock and payments of our contingent consideration during fiscal 2026, partially offset by a decrease in cash used for repayments and settlement of conversions of our convertible notes. source

Impact estimates