Palo Alto Networks Inc

Overview

Palo Alto Networks is a global cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The company says its vision is “a world where each day is safer and more secure than the one before,” and its mission is to be the cybersecurity partner of choice for enterprises, organizations, service providers, and government entities through AI- and automation-enabled platforms and services that protect users, networks, clouds, and endpoints.[1][2]

Its business is centered on integrated cybersecurity platforms spanning network security, cloud security, security operations, and threat intelligence, incident response, and security consulting. Key offerings include the Strata platform for network security, Prisma Cloud for cloud security, Cortex for security operations, and Unit 42 for threat intelligence and advisory services. Palo Alto Networks describes its strategy as “platformization,” combining products and services into broader platforms intended to simplify customers’ security architectures.[3]+4

The company operates at global scale. In fiscal 2024, Palo Alto Networks reported $8.03 billion in revenue, with subscription and support representing the majority of that total, and it had a global workforce of 15,289 as of July 31, 2024.[8]+3 Its revenue base spans the Americas, Europe, the Middle East and Africa, and Asia-Pacific, and its cloud-delivered security footprint is globally distributed; Prisma Access, for example, is delivered from more than 100 locations worldwide.[12][13] [1]+12

Products & services

Palo Alto Networks sells both hardware and software security products. Its next-generation firewalls are offered as hardware appliances, virtual firewalls through VM-Series, containerized firewalls through CN-Series, and Cloud NGFW, and the platform uses AI, machine learning and deep learning with PAN-OS to help stop zero-day threats; SD-WAN capabilities are integrated into the firewall offering. Product revenue also includes software licenses such as Panorama, SD-WAN and VM-Series. In fiscal 2024, product revenue represented 20.0% of total revenue, while subscription and support represented 80.0%.[14]+2

Its cloud-delivered and software platforms include Prisma, Strata and Cortex products. Prisma Access secures remote networks and mobile users, inspects traffic, supports bidirectional networking and branch-to-branch or branch-to-headquarter traffic, and includes native SASE, browser-based Zero Trust, application acceleration and Autonomous Digital Experience Management. Prisma SD-WAN is designed for secure branch connectivity over broadband and internet transport, with real-time application SLAs, AI-driven automation and optional on-premises controllers for compliance needs. Strata Cloud Manager provides centralized management for firewalls and SASE deployments and uses AI to identify vulnerabilities, recommend remediation and improve digital experience.[16]+2

The Cortex portfolio focuses on security operations and cloud security. Cortex XSIAM combines SIEM, XDR, SOAR, network traffic analysis, attack surface management, threat intelligence management, identity threat detection and response, and cloud detection and response with automated data integration, analysis and triage. Cortex XDR uses telemetry from endpoint, network, identity and cloud sources with analytics and machine learning to detect and stop targeted attacks, while Cortex XSOAR provides playbook automation, case management, collaboration and threat-intelligence management. Cortex Xpanse identifies exposed assets, risky communications and misconfigurations, and Cortex Cloud combines CNAPP with cloud detection and response into a consolidated cloud-security offering.[19]+4

Additional offerings include Advanced WildFire, a cloud-delivered malware and threat analysis service that performs near-real-time analysis using dynamic and static techniques, recursive analysis, custom environments, traffic profiling and fileless attack detection. Unit 42 provides threat research, incident response, managed detection and response, managed threat hunting and security consulting. Palo Alto Networks also offers professional services for planning, design, deployment, configuration, firewall migrations and education, certification and training for Prisma and Cortex deployments.[24]+2 [14]+13

Geographic presence

Palo Alto Networks is headquartered in Santa Clara, California, where it leases about 941,000 square feet under three lease agreements, and it also leases space for personnel around the world, including in Israel and India. Its cloud-based subscription offerings are delivered through co-location data centers in the United States, Europe, and Asia, and the company says it provides 24/7 level-three support through regional support centers located worldwide.[27][28]

Its reported sales footprint is organized into three geographic theaters: Americas, EMEA, and APAC. In fiscal 2025, the Americas generated $6.21 billion of revenue, or about 67.3% of total revenue; EMEA generated $1.92 billion, or about 20.8%; and APAC generated $1.10 billion, or about 11.9%.[29]+2 Within the Americas, the United States accounted for $5.79 billion, or about 62.8% of total revenue, while other countries in the Americas accounted for $418.9 million, or about 4.5%.[32][31] The company also states that it generates a significant amount of revenue outside the United States and that its growth depends in part on expanding operations and its customer base worldwide.[33][34] As of July 31, 2025, Palo Alto Networks had a global workforce of 16,068 employees, although it does not provide a regional employee breakdown in the cited disclosures.[35] [27]+8

Business segments

Palo Alto Networks does not officially report multiple operating segments; it is managed and disclosed as a single reportable segment and operating unit, with the chief operating decision maker reviewing consolidated results and revenue by geography rather than by separate business segments [36].

Because of that, the closest official business breakdown is its revenue classification into product revenue and subscription and support revenue [37]. Product revenue comes from hardware appliances, primarily the ML-Powered Next-Generation Firewall, plus software licenses such as Panorama, SD-WAN, and VM-Series [15]. Subscription and support revenue comes from subscription and support offerings sold typically on one- to five-year terms and recognized over time; support includes security updates, PAN-OS upgrades, bug fixes, repairs, and related post-sales services [38][39]. In fiscal 2024, product revenue was $1.603 billion, about 20% of total revenue, while subscription and support revenue was $6.424 billion, about 80% of total revenue [10][40]. Within that recurring bucket, subscription revenue was $4.189 billion, about 52% of total revenue, and support revenue was $2.236 billion, about 28% [41].

Separately from formal segment reporting, Palo Alto Networks describes its portfolio around three major platform focus areas, but it does not disclose revenue by these categories [36]. Network Security covers zero-trust-oriented hardware and software firewalls, SASE/SSE, and cloud-delivered security services [42]. Cloud Security is centered on Prisma Cloud, its code-to-cloud CNAPP for multi- and hybrid-cloud environments, along with VM-Series and CN-Series virtual firewalls [43]. Security Operations is centered on the Cortex platform, including XSIAM, XDR, XSOAR, and Xpanse [44]. [36]+10

Company history

Palo Alto Networks was incorporated in March 2005 and began operations in April 2005; the company says it was founded in 2005 by Nir Zuk. It became a public company in July 2012 through its initial public offering.[45]+3

A major leadership transition came in 2018, when Nikesh Arora was appointed CEO and chairman and former CEO Mark McLaughlin became vice chairman. In 2019 and 2020, the company broadened its platform through acquisitions including Demisto and Twistlock in 2019, followed by The Crypsis Group and Expanse in 2020. Another founder-level milestone came in 2025, when Nir Zuk retired from the CTO role and Lee Klarich was named CTO.[49]+5 [45]+8

Sources

• Palo Alto Networks Inc — Full financial report (2025 Y)
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• Palo Alto Networks Inc — Full financial report (2024 Q 3)[3]
• Palo Alto Networks Inc — Full financial report (2024 Y)
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