NYSE$PANW
Palo Alto Networks · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Palo Alto Networks' Q4 2024 financial results showed revenue growth and increased profitability.
Palo Alto Networks reported a 12% year-over-year increase in revenue for Q4 2024, reaching $2.2 billion. GAAP net income increased to $357.7 million, or $1.01 per diluted share, while non-GAAP net income reached $522.2 million, or $1.51 per diluted share. The company's Next-Generation Security ARR grew 43% year-over-year to $4.2 billion, and remaining performance obligation grew 20% year-over-year to $12.7 billion.
- Q4 revenue increased by 12% year-over-year to $2.2 billion.
- Next-Generation Security ARR grew by 43% year-over-year to $4.2 billion.
- Remaining performance obligation (RPO) increased by 20% year-over-year to $12.7 billion.
- GAAP net income was $357.7 million, or $1.01 per diluted share.
Headline financials
Revenue & EPS history
Palo Alto Networks · Revenue · Quarterly
$2.19B
Revenue by segment
Palo Alto Networks · $341M total across 1 segment · Q1 2024
- Product$341M+3.4%100.0%
Forward guidance
Palo Alto Networks provided guidance for the fiscal first quarter 2025 and fiscal year 2025, taking into account the expected financial impact of the pending acquisition of IBM’s QRadar SaaS assets.
Tailwinds
- Total revenue in the range of $2.10 billion to $2.13 billion for fiscal first quarter 2025, representing year-over-year growth of between 12% and 13%.
- Diluted non-GAAP net income per share in the range of $1.47 to $1.49 for fiscal first quarter 2025, representing year-over-year growth of between 7% and 8%.
- Total revenue in the range of $9.10 billion to $9.15 billion for fiscal year 2025, representing year-over-year growth of between 13% and 14%.
- Non-GAAP operating margin in the range of 27.5% to 28.0% for fiscal year 2025.
- Diluted non-GAAP net income per share in the range of $6.18 to $6.31 for fiscal year 2025, representing year-over-year growth of between 9% and 11%.
Headwinds
- Guidance takes into account the expected financial impact of the pending acquisition of IBM’s QRadar SaaS assets.
- Guidance for non-GAAP financial measures excludes share-based compensation-related charges, acquisition-related costs, and other items.
- The actual amounts of reconciling items will have a significant impact on the company's GAAP net income per diluted share and GAAP net cash from operating activities.
- Forward-looking statements involve risks, uncertainties, and assumptions.
- The financial outlook assumes consummation of the pending acquisition of IBM’s QRadar SaaS assets during the fiscal first quarter of 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+1.4%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.7%
Avg return
30 days after
58%
32 / 55 earnings
Positive
+20.2%
Q4 2021
Best reaction
-28.5%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -0.9% | -11.8% | -0.3% | |
| Q1 2026 | -4.9% | -6.8% | -6.5% | |
| Q4 2025 | -1.3% | +5.5% | +16.8% | |
| Q3 2025 | -6.9% | -4.0% | +2.4% | |
| Q2 2025 | -0.9% | +1.6% | -9.7% | |
| Q1 2025 | +2.5% | -0.4% | -3.7% | |
| Q4 2024 | +10.1% | +5.0% | -1.3% | |
| Q3 2024 | -2.0% | +1.2% | -0.3% | |
| Q2 2024 | -28.5% | -23.0% | -21.5% | |
| Q1 2024 | -7.2% | -0.2% | +17.7% | |
| Q4 2023 | +16.0% | +13.5% | +15.7% | |
| Q3 2023 | +6.4% | +10.2% | +29.7% | |
| Q2 2023 | +10.9% | +10.2% | +14.5% | |
| Q1 2023 | +5.3% | +7.9% | -5.1% | |
| Q4 2022 | +10.9% | +9.2% | -0.0% | |
| Q3 2022 | +9.1% | +8.8% | +8.4% | |
| Q2 2022 | -0.9% | +18.2% | +29.0% | |
| Q1 2022 | +3.2% | +3.7% | +3.2% | |
| Q4 2021 | +20.2% | +25.5% | +29.5% | |
| Q3 2021 | +8.0% | +8.8% | +10.8% | |
| Q2 2021 | -4.8% | -9.7% | -19.1% | |
| Q1 2021 | +13.5% | +12.9% | +25.0% | |
| Q4 2020 | -3.1% | -5.4% | -11.2% | |
| Q3 2020 | +1.5% | -1.4% | -1.6% | |
| Q2 2020 | -18.9% | -24.0% | -31.7% | |
| Q1 2020 | -10.7% | -8.0% | -6.1% | |
| Q4 2019 | +6.5% | +6.1% | +5.7% | |
| Q3 2019 | -4.8% | -8.3% | -5.0% | |
| Q2 2019 | +9.0% | +5.0% | +1.9% | |
| Q1 2019 | -2.0% | +0.4% | +4.3% | |
| Q4 2018 | +2.4% | +5.4% | -2.9% | |
| Q3 2018 | -2.5% | -4.7% | +0.2% | |
| Q2 2018 | +4.6% | +6.8% | +6.9% | |
| Q1 2018 | +4.7% | +5.5% | +3.3% | |
| Q4 2017 | +10.4% | +8.5% | +8.5% | |
| Q3 2017 | +18.8% | +20.1% | +14.4% | |
| Q2 2017 | -25.2% | -24.9% | -26.3% | |
| Q1 2017 | -13.4% | -12.3% | -21.8% | |
| Q4 2016 | -5.9% | +2.6% | +10.3% | |
| Q3 2016 | -10.9% | -10.5% | -16.4% | |
| Q2 2016 | +15.4% | — | — | |
| Q1 2016 | +6.9% | — | — | |
| Q4 2015 | +6.6% | — | — | |
| Q3 2015 | +1.5% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | +10.4% | — | — | |
| Q4 2014 | +9.7% | — | — | |
| Q3 2014 | +5.1% | — | — | |
| Q2 2014 | +1.8% | — | — | |
| Q1 2014 | +9.3% | — | — | |
| Q4 2013 | +7.0% | — | — | |
| Q3 2013 | -11.4% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | -1.5% | — | — | |
| Q4 2012 | -5.9% | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — |
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