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Subscriptions and support

Subscription and support revenue reached $9.20 billion in fiscal 2026, up about 24% from $7.42 billion, and made up 80% of total revenue.

PANW market data

The numbers

Subscription and support revenue$9.20 billionFY2026 · up from $7.42 billion in FY2025 (about +24%) · source ↗

What it is

Recurring income from security subscriptions, cloud services and support contracts. It is the largest revenue stream and the one that carries the margin profile.

Why it matters to the stock. Subscription revenue is the part of the business that compounds. Its share of revenue and its growth rate are what the market uses to judge quality.

News

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