PANW Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
82
Q1
37
Q2
39
Q3
53
FY2025
Q4
84
Q1
30
Q2
57
Q3
71
FY2026
Q4
40
0
Mix
Other PANW Charts
More quarter-by-quarter fundamentals for Palo Alto Networks, Inc.
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Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Networking & Security Comparison
1 / 3
CRM · Rule of 40
2026 Q3 · latest
20.5✗ Below 40
Growth +10.8%
FCF +9.7%
27
2024
Q4
46
Q1
72
Q2
16
Q3
30
2025
Q4
60
Q1
72
Q2
21
2026
Q3
40
0
Mix
CSCO · Rule of 40
Q4 FY2026 · latest
46.5✓ Passing
Growth +17.6%
FCF +29.0%
19
Q1
24
Q2
38
Q3
35
FY2025
Q4
27
Q1
20
Q2
33
Q3
47
FY2026
Q4
40
0
Mix
NOW · Rule of 40
2026 Q2 · latest
35.9✗ Below 40
Growth +24.0%
FCF +11.9%
39
Q3
68
2024
Q4
66
Q1
39
Q2
39
Q3
77
2025
Q4
63
Q1
36
2026
Q2
40
0
Mix
Latest Rule of 40: +71 (Q4 FY2026); +18 pts YoY.
Across the 8 quarters from Q1 FY2025 to Q4 FY2026, Rule of 40 ranged from +30 in Q2 FY2026 to +84 in Q1 FY2026.