Palo Alto Networks (PANW) Revenue — Quarter Ended Apr 30, 2025
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The sequential growth was modest, while the year-over-year gain was substantial.
Key takeaway
Quarter ended Apr 30, 2025 · FY2025 Q3
Revenue increased compared to the prior quarter and rose sharply versus the same quarter last year. The sequential growth was modest, while the year-over-year gain was substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+15.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 31, 2024 | $2.2B | +12.1% |
| Oct 31, 2024 | $2.1B | +13.9% |
| Jan 31, 2025 | $2.3B | +14.3% |
| Apr 30, 2025 | $2.3B | +15.3% |
Revenue performance
The reported revenue direction was positive, with a sequential increase from the immediately preceding quarter. The year-over-year comparison also showed a strong upward trend.
Quarterly comparison
Compared to the prior quarter, revenue grew modestly. Relative to the same quarter one year earlier, revenue increased at a much higher rate, reflecting sustained expansion.
What to watch
The sequential growth rate was notably lower than the year-over-year rate, which may warrant attention in future quarters.