As of Q2'26 (2026-01-31), Palo Alto Networks (PANW) reported a gross margin of 73.6%, an operating margin of 15.3%, and a net profit margin of 16.7%. These figures indicate a stable and healthy profitability profile at the latest data point in the observed period. From Q3'23 to Q2'26, the gross margin remained consistently strong, fluctuating narrowly between 72.4% and 74.8%. Operating margin showed more volatility, with a notable dip to 2.7% in Q2'24 before recovering and reaching its highest point at 19.6% in Q4'25. Net profit margin experienced a significant spike to 88.4% in Q2'24, likely due to a one-time event, but otherwise trended upward from 6.3% in Q3'23 to a more normalized range of 10%–16.7% in recent quarters. Overall, the chart reflects resilient gross profitability and improving operating and net margins over the covered period.