As of Q2'26 (2026-01-31), PANW's latest Operating ROA stands at 1.73%, with ROE at 4.60% and ROIC data not available for this period. This marks a slight increase in both ROA and ROE compared to the previous quarter, indicating a modest improvement in operational efficiency and profitability. From Q3'23 to Q2'26, the chart reveals significant volatility across all three metrics. Notably, there were sharp peaks in Q2'24, where ROA reached 9.55%, ROE surged to 40.09%, and ROIC hit 26.75%, followed by a rapid decline in subsequent quarters. Since then, all metrics have trended downward and stabilized at lower levels, with only minor fluctuations in the most recent quarters, suggesting a normalization after the earlier spike.