P
PANW
PANWUnverified3 segments tracked|6 years of data|Annual (10-K)
Total Revenue
$14.8B15.5%
FY2025
Operating Segments
3Active segments
Blended Margin
0.0%Operating margin
Highest Margin
0.0%Services
Segment Shift
Services has grown from 50.0% to 50.0% of total revenue since FY2020, with 0.0% operating margins. Meanwhile, Subscription is the fastest growing at +18.8% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2025
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Services | $7.4B | $0 | 0.0% | 50.0% | +15.5% |
| Subscription | $5.0B | $0 | 0.0% | 33.5% | +18.8% |
| Support | $2.4B | $0 | 0.0% | 16.5% | +9.4% |
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