Palo Alto Networks Reports Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results
Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, reported strong fiscal Q4 and full-year 2025 results. Q4 revenue increased 16% year-over-year to $2.5 billion, while fiscal year 2025 revenue grew 15% to $9.2 billion. The company's Next-Generation Security ARR saw impressive growth of 32% year-over-year, reaching $5.6 billion.
Q4 GAAP net income was $253.8 million ($0.36 per diluted share), while non-GAAP net income reached $673.0 million ($0.95 per diluted share). The company's remaining performance obligation grew 24% year-over-year to $15.8 billion.
For fiscal year 2026, Palo Alto Networks expects revenue between $10.475-$10.525 billion, representing 14% growth, with non-GAAP operating margin of 29.2-29.7% and adjusted free cash flow margin of 38.0-39.0%.
Palo Alto Networks (NASDAQ: PANW), leader globale nella cybersecurity, ha pubblicato solidi risultati per il quarto trimestre e per l'esercizio fiscale 2025. I ricavi del Q4 sono saliti del 16% su base annua, a 2,5 miliardi di dollari, mentre i ricavi dell'esercizio 2025 sono cresciuti del 15%, raggiungendo 9,2 miliardi di dollari. L'ARR della Next-Generation Security 猫 aumentata del 32% su base annua, arrivando a 5,6 miliardi di dollari.
Il reddito netto GAAP del Q4 猫 stato di 253,8 milioni di dollari (0,36$ per azione diluita), mentre il reddito netto non-GAAP ha raggiunto 673,0 milioni di dollari (0,95$ per azione diluita). L'obbligo di prestazione residuo 猫 cresciuto del 24% su base annua, a 15,8 miliardi di dollari.
Per l'esercizio fiscale 2026, Palo Alto Networks prevede ricavi compresi tra 10,475 e 10,525 miliardi di dollari, pari a una crescita del 14%, con un margine operativo non-GAAP del 29,2-29,7% e un margine di free cash flow rettificato del 38,0-39,0%.
Palo Alto Networks (NASDAQ: PANW), l铆der mundial en ciberseguridad, present贸 s贸lidos resultados del cuarto trimestre y del a帽o fiscal 2025. Los ingresos del Q4 aumentaron un 16% interanual, hasta 2,5 mil millones de d贸lares, mientras que los ingresos del ejercicio 2025 crecieron un 15%, alcanzando 9,2 mil millones de d贸lares. El ARR de Next-Generation Security mostr贸 un crecimiento del 32% interanual, llegando a 5,6 mil millones de d贸lares.
La utilidad neta GAAP del Q4 fue de 253,8 millones de d贸lares (0,36$ por acci贸n diluida), y la utilidad neta non-GAAP alcanz贸 673,0 millones de d贸lares (0,95$ por acci贸n diluida). La obligaci贸n de desempe帽o restante creci贸 un 24% interanual, hasta 15,8 mil millones de d贸lares.
Para el a帽o fiscal 2026, Palo Alto Networks espera ingresos entre 10.475 y 10.525 mil millones de d贸lares, lo que representa un crecimiento del 14%, con un margen operativo non-GAAP del 29,2-29,7% y un margen de flujo de caja libre ajustado del 38,0-39,0%.
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Palo Alto Networks (NASDAQ: PANW), leader mondial de la cybers茅curit茅, a publi茅 de solides r茅sultats pour le quatri猫me trimestre et l'exercice 2025. Le chiffre d'affaires du T4 a augment茅 de 16% en glissement annuel, pour atteindre 2,5 milliards de dollars, tandis que le chiffre d'affaires de l'exercice 2025 a progress茅 de 15%, 脿 9,2 milliards de dollars. L'ARR de la Next-Generation Security a bondi de 32% en glissement annuel, atteignant 5,6 milliards de dollars.
Le b茅n茅fice net GAAP du T4 s'est 茅lev茅 脿 253,8 millions de dollars (0,36$ par action dilu茅e), alors que le b茅n茅fice net non-GAAP a atteint 673,0 millions de dollars (0,95$ par action dilu茅e). L'obligation de performance restante a augment茅 de 24% en glissement annuel, pour atteindre 15,8 milliards de dollars.
Pour l'exercice 2026, Palo Alto Networks pr茅voit des revenus compris entre 10,475 et 10,525 milliards de dollars, soit une croissance de 14%, avec une marge d'exploitation non-GAAP de 29,2-29,7% et une marge de flux de tr茅sorerie disponible ajust茅e de 38,0-39,0%.
Palo Alto Networks (NASDAQ: PANW), der weltweit f眉hrende Cybersecurity-Anbieter, meldete starke Ergebnisse f眉r das vierte Quartal und das Gesch盲ftsjahr 2025. Der Umsatz im Q4 stieg um 16% gegen眉ber dem Vorjahr auf 2,5 Milliarden US-Dollar, w盲hrend der Jahresumsatz 2025 um 15% auf 9,2 Milliarden US-Dollar wuchs. Der ARR der Next-Generation Security legte beeindruckende 32% gegen眉ber dem Vorjahr zu und erreichte 5,6 Milliarden US-Dollar.
Der GAAP-Nettogewinn im Q4 betrug 253,8 Millionen US-Dollar (0,36 US-Dollar je verw盲sserter Aktie), der Non-GAAP-Nettogewinn belief sich auf 673,0 Millionen US-Dollar (0,95 US-Dollar je verw盲sserter Aktie). Die verbleibenden Leistungsverpflichtungen stiegen um 24% gegen眉ber dem Vorjahr auf 15,8 Milliarden US-Dollar.
F眉r das Gesch盲ftsjahr 2026 erwartet Palo Alto Networks einen Umsatz zwischen 10,475 und 10,525 Milliarden US-Dollar, was einem Wachstum von 14% entspricht, mit einer Non-GAAP-Betriebsmarge von 29,2鈥�29,7% und einer bereinigten Free-Cashflow-Marge von 38,0鈥�39,0%.
- Next-Generation Security ARR grew 32% year-over-year to $5.6 billion
- Q4 non-GAAP net income increased 29% year-over-year to $673.0 million
- Strong remaining performance obligation growth of 24% to $15.8 billion
- Achieved 'Rule-of-50' company status for fifth consecutive year
- Projected non-GAAP operating margin improvement to 29.2-29.7% for FY2026
- Q4 GAAP net income declined 29% year-over-year to $253.8 million
- Revenue growth expected to slow to 14% in FY2026
- Next-Generation Security ARR growth projected to decelerate to 26-27% in FY2026
Insights
PANW delivered strong Q4 results with 16% revenue growth and 32% Next-Gen Security ARR growth, showing platform strategy success.
Palo Alto Networks delivered robust financial results for Q4 and FY2025, with quarterly revenue reaching
The remaining performance obligation (RPO) metric is particularly noteworthy, increasing
On profitability, PANW reported non-GAAP net income of
Looking ahead, management provided solid guidance for FY2026, projecting total revenue between
The company's achievement of "Rule-of-50" status (the sum of revenue growth rate and free cash flow margin exceeding 50) for the fifth consecutive year underscores its operational excellence in the competitive cybersecurity market. This combination of double-digit growth and strong margin expansion positions PANW favorably against competitors and suggests the company's platform strategy is resonating with customers seeking consolidated security solutions rather than fragmented point products.
- Fiscal fourth quarter revenue grew
16% year over year to$2.5 billion 15% year over year to$9.2 billion - Next-Generation Security ARR grew
32% year over year to$5.6 billion - Remaining performance obligation grew
24% year over year to$15.8 billion
Total revenue for the fiscal fourth quarter 2025 grew
Non-GAAP net income for the fiscal fourth quarter 2025 was
"Our strong execution in Q4 reflects a fundamental market shift in which customers understand that a fragmented defense is no defense at all against modern threats. They are partnering with us because our platforms are designed to work in concert, creating powerful operational synergies that deliver superior, near real-time outcomes and the efficiency our customers need," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "We exited fiscal year 2025 with an acceleration in RPO, and surpassed the
"Our strong top-line results were complemented by continued operating efficiency and strong free cash flow generation, making us a 'Rule-of-50' company for the fifth consecutive year," said Dipak Golechha, chief financial officer of Palo Alto Networks. "We are excited to carry this momentum into fiscal year 2026, where we will continue to execute against our profitable growth framework."
Financial Outlook
Palo Alto Networks provides guidance based on current market conditions and expectations.
For the fiscal first quarter 2026, we expect:
- Next-Generation Security ARR of
$5.82 billion $5.84 billion 29% . - Remaining performance obligation of
$15.4 billion $15.5 billion 23% . - Total revenue in the range of
$2.45 billion $2.47 billion 15% . - Diluted non-GAAP net income per share in the range of
$0.88 $0.90
For the fiscal year 2026, we expect:
- Next-Generation Security ARR of
$7.00 billion $7.10 billion 26% and27% . - Remaining performance obligation of
$18.6 billion $18.7 billion 17% and18% . - Total revenue in the range of
$10.47 5 billion$10.52 5 billion14% . - Non-GAAP operating margin in the range of
29.2% to29.7% . - Diluted non-GAAP net income per share in the range of
$3.75 $3.85 - Adjusted free cash flow margin in the range of
38.0% to39.0% .
Guidance for non-GAAP financial measures excludes share-based compensation-related charges, including share-based payroll tax expense, acquisition-related costs, including change in fair value of contingent consideration liability, amortization expense of acquired intangible assets, litigation-related charges, including legal settlements, non-cash charges related to convertible notes, and income tax and other tax adjustments related to our long-term non-GAAP effective tax rate, along with certain non-recurring expenses and certain non-recurring cash flows. We have not reconciled non-GAAP operating margin guidance to GAAP operating margin, diluted non-GAAP net income per share guidance to GAAP net income per diluted share or adjusted free cash flow margin guidance to GAAP net cash from operating activities because we do not provide guidance on GAAP operating margin, GAAP net income or net cash from operating activities and would not be able to present the various reconciling cash and non-cash items between GAAP and non-GAAP financial measures because certain items that impact these measures are uncertain or out of our control, or cannot be reasonably predicted, including share-based compensation expense, without unreasonable effort. The actual amounts of such reconciling items will have a significant impact on the company's GAAP net income per diluted share and GAAP net cash from operating activities.
Earnings Call Information
Palo Alto Networks will host a video webcast for analysts and investors to discuss the company's fiscal fourth quarter and fiscal year 2025 results as well as the outlook for its fiscal first quarter and fiscal year 2026 today at 4:30听p.m. Eastern time/1:30听p.m. Pacific time. Open to the public, investors may access the webcast, supplemental financial information and earnings slides from the "Investors" section of the company's website at . A replay will be available three hours after the conclusion of the webcast and archived for one year.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including, without limitation, statements regarding our platformization strategy and related progress and opportunities, expectations regarding annual recurring revenue, remaining performance obligation, product development strategy and expectations regarding artificial intelligence (AI), and financial outlook for the fiscal first quarter 2026 and fiscal year 2026, mid- and long-term financial expectations. We use words such as "anticipates," "believes," "continue," "estimate," "expects," "future," "intends," "may," "plan," and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results could differ materially for a variety of reasons that are beyond our control and changing rapidly. There are a significant number of factors that could cause actual results to differ materially from forward-looking statements made or implied in this press release, including: developments and changes in general or worldwide market, geopolitical, economic, and business conditions; failure of our platformization product offerings; failure to successfully integrate acquisitions or achieve the expected benefits of our strategic partnerships and acquisitions, including the proposed transaction with CyberArk Software Ltd. ("CyberArk"); changes in the fair value of our contingent consideration liability associated with acquisitions; the risk that the conditions to the proposed transaction with CyberArk are not satisfied on a timely basis, or at all, or the failure of the proposed transaction with CyberArk to close for any other reason or to close on the anticipated terms; significant and/or unanticipated difficulties, liabilities or expenditures relating to the transaction with CyberArk; the effect of the announcement, pendency or completion of the proposed transaction with CyberArk on our and CyberArk's business and听 our common share price or CyberArk's ordinary share price; risks related to disruption of management time from ongoing business operations due to the proposed transaction with CyberArk; the outcome of any legal proceedings that may be instituted against us, CyberArk or our respective directors; risks associated with managing our growth; risks associated with new product, subscription and support offerings, including our product offerings that leverage AI; shifts in priorities or delays in the development or release of new product or subscription or other offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; failure of our business strategies; rapidly evolving technological developments in the market for security products, subscriptions and support offerings; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; our customers' purchasing decisions and the length of sales cycles; our competition; our ability to attract and retain new customers; our ability to acquire and integrate other companies, products, or technologies in a successful manner; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock.
For additional risks and uncertainties on these and other factors that could affect our financial results and cause actual results to differ materially from those described in the forward-looking statements we make in this press release are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in our Quarterly Report on Form 10-Q filed with the
Non-GAAP Financial Measures and Other Key Metrics
Palo Alto Networks has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in
The presentation of these non-GAAP financial measures and key metrics are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the company's consolidated financial statements prepared in accordance with GAAP. A reconciliation of the company's historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.
Non-GAAP net income and net income per share, diluted.听Palo Alto Networks defines non-GAAP net income as net income plus share-based compensation-related charges, including share-based payroll tax expense, acquisition-related costs, including change in fair value of contingent consideration liability, amortization expense of acquired intangible assets, litigation-related charges, including legal settlements, and non-cash charges related to convertible notes. The company also excludes from non-GAAP net income tax adjustments related to our long-term non-GAAP effective tax rate in order to provide a complete picture of the company's recurring core business operating results. The company defines non-GAAP net income per share, diluted, as non-GAAP net income divided by the weighted-average diluted shares outstanding, which includes the potentially dilutive effect of the company's employee equity incentive plan awards and the company's convertible senior notes and related warrants, after giving effect to the anti-dilutive impact of the company's note hedge agreements, which reduced the potential economic dilution that otherwise would have occurred in connection with the conversion and settlement of the company's convertible senior notes. Under GAAP, the anti-dilutive impact of the note hedge is not reflected in diluted shares outstanding. The company considers these non-GAAP financial measures to be useful metrics for management and investors for the same reasons that it uses non-GAAP operating margin.
Next-Generation Security ARR.听Palo Alto Networks defines Next-Generation Security ARR as the annualized allocated revenue of all active contracts as of the final day of the reporting period related to all product, subscription and support offerings, excluding revenue from hardware products, and legacy attached subscriptions, support offerings and professional services. The company considers Next-Generation Security ARR to be a useful operating metric for management and investors to assess the performance of the company because Next-Generation Security is where the company has focused its innovation and the company expects its overall revenue to be disproportionately driven by this Next-Generation Security portfolio. Because Next-Generation Security ARR does not have the effect of providing a numerical measure that is different from any comparable GAAP measure, the company does not consider it a non-GAAP measure.
Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. Many of the adjustments to the company's GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in the company's financial results for the foreseeable future, such as share-based compensation, which is an important part of Palo Alto Networks' employees' compensation and impacts their performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that Palo Alto Networks excludes in its calculation of non-GAAP financial measures may differ from the components that its peer companies exclude when they report their non-GAAP results of operations. Palo Alto Networks compensates for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures. In the future, the company may also exclude non-recurring expenses and other expenses that do not reflect the company's core business operating results.
About Palo Alto Networks
As the global AI and cybersecurity leader, Palo Alto Networks (NASDAQ: PANW) is dedicated to protecting our digital way of life via continuous innovation. Trusted by more than 70,000 organizations worldwide, we provide comprehensive AI-powered security solutions across network, cloud, and security operations, enhanced by the expertise and threat intelligence of Unit 42庐. Our focus on platformization allows enterprises to streamline security at scale, ensuring protection fuels innovation. Explore more at .
Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in
Palo Alto Networks, Inc. | |||||||
Preliminary Condensed Consolidated Statements of Operations | |||||||
(In millions, except per share data) | |||||||
(Unaudited) | |||||||
鈥� | |||||||
Three Months Ended | Year Ended | ||||||
闯耻濒测听31, | 闯耻濒测听31, | ||||||
2025 | 2024 | 2025 | 2024 | ||||
Revenue: | |||||||
Product | $听听听听听听听听听听听听 573.9 | $听听听听听听听听听听听听 480.5 | $听听听听听听听听听 1,801.9 | $听听听听听听听听听 1,603.3 | |||
Subscription and support | 1,962.4 | 1,709.0 | 7,419.6 | 6,424.2 | |||
Total revenue | 2,536.3 | 2,189.5 | 9,221.5 | 8,027.5 | |||
Cost of revenue: | |||||||
Product | 136.2 | 104.7 | 413.2 | 348.2 | |||
Subscription and support | 542.8 | 469.0 | 2,038.4 | 1,711.0 | |||
Total cost of revenue | 679.0 | 573.7 | 2,451.6 | 2,059.2 | |||
Total gross profit | 1,857.3 | 1,615.8 | 6,769.9 | 5,968.3 | |||
Operating expenses: | |||||||
Research and development | 503.5 | 494.8 | 1,984.1 | 1,809.4 | |||
Sales and marketing | 829.3 | 742.3 | 3,100.2 | 2,794.5 | |||
General and administrative | 27.3 | 140.3 | 442.7 | 680.5 | |||
Total operating expenses | 1,360.1 | 1,377.4 | 5,527.0 | 5,284.4 | |||
Operating income | 497.2 | 238.4 | 1,242.9 | 683.9 | |||
Interest expense | (0.2) | (0.3) | (3.0) | (8.3) | |||
Other income, net | 94.8 | 80.9 | 355.8 | 312.7 | |||
Income before income taxes | 591.8 | 319.0 | 1,595.7 | 988.3 | |||
Provision for (benefit from) income taxes | 338.0 | (38.7) | 461.8 | (1,589.3) | |||
Net income | $听听听听听听听听听听听听 253.8 | $听听听听听听听听听听听听 357.7 | $听听听听听听听听听 1,133.9 | $听听听听听听听听听 2,577.6 | |||
鈥� | |||||||
Net income per share, basic | $听听听听听听听听听听听听听听 0.38 | $听听听听听听听听听听听听听听 0.55 | $听听听听听听听听听听听听听听 1.71 | $听听听听听听听听听听听听听听 4.04 | |||
Net income per share, diluted | $听听听听听听听听听听听听听听 0.36 | $听听听听听听听听听听听听听听 0.51 | $听听听听听听听听听听听听听听 1.60 | $听听听听听听听听听听听听听听 3.64 | |||
鈥� | |||||||
Weighted-average shares used to compute net income per | 669.4 | 648.8 | 662.5 | 638.5 | |||
Weighted-average shares used to compute net income per | 709.0 | 707.8 | 709.3 | 707.9 | |||
听
Palo Alto Networks, Inc. | |||||||
Reconciliation of GAAP to Non-GAAP Financial Measures | |||||||
(In millions, except per share amounts) | |||||||
(Unaudited) | |||||||
鈥� | |||||||
Three Months Ended | Year Ended | ||||||
闯耻濒测听31, | 闯耻濒测听31, | ||||||
2025 | 2024 | 2025 | 2024 | ||||
GAAP net income | $听听听听听听听听听 253.8 | $听听听听听听听听听 357.7 | $听 听 听 听1,133.9 | $听 听 听 听2,577.6 | |||
Share-based compensation-related charges | 372.7 | 287.1 | 1,386.4 | 1,161.7 | |||
Acquisition-related costs(1) | (141.8) | 3.5 | (109.7) | 13.6 | |||
Amortization expense of acquired intangible assets | 36.9 | 33.7 | 164.0 | 119.0 | |||
Litigation-related charges(2) | 3.2 | 25.6 | (31.7) | 211.5 | |||
Non-cash charges related to convertible notes(3) | 0.1 | 0.6 | 1.1 | 3.5 | |||
Income tax and other tax adjustments(4) | 148.1 | (186.0) | (199.5) | (2,138.8) | |||
Non-GAAP net income | $听听听听听听听听听 673.0 | $听听听听听听听听听 522.2 | $听 听 听 听2,344.5 | $听 听 听 听1,948.1 | |||
鈥� | |||||||
GAAP net income per share, diluted | $听听听听听听听听听听听 0.36 | $听听听听听听听听听听听 0.51 | $听听听听听听听听听听听 1.60 | $听听听听听听听听听听听 3.64 | |||
Share-based compensation-related charges | 0.53 | 0.41 | 1.98 | 1.73 | |||
Acquisition-related costs(1) | (0.20) | 0.00 | (0.15) | 0.02 | |||
Amortization expense of acquired intangible assets | 0.05 | 0.05 | 0.23 | 0.17 | |||
Litigation-related charges(2) | 0.00 | 0.04 | (0.04) | 0.30 | |||
Non-cash charges related to convertible notes(3) | 0.00 | 0.00 | 0.00 | 0.00 | |||
Income tax and other tax adjustments(4) | 0.21 | (0.26) | (0.28) | (3.02) | |||
Non-GAAP net income per share, diluted | $听听听听听听听听听听听 0.95 | $听听听听听听听听听听听 0.75 | $听听听听听听听听听听听 3.34 | $听听听听听听听听听听听 2.84 | |||
鈥� | |||||||
GAAP weighted-average shares used to compute net | 709.0 | 707.8 | 709.3 | 707.9 | |||
Weighted-average anti-dilutive impact of note hedge | (2.1) | (14.7) | (7.3) | (20.7) | |||
Non-GAAP weighted-average shares used to compute net | 706.9 | 693.1 | 702.0 | 687.2 | |||
(1) | Consists of acquisition transaction costs, share-based compensation related to the cash settlement of certain equity awards, change in fair value of contingent consideration liability, and costs to terminate certain employment, operating lease, and other contracts of the acquired companies. |
(2) | Consists of the amortization of intellectual property licenses and covenant not to sue, and a legal contingency charge (credit). During the three months and fiscal year ended July 31, 2024, it also includes a litigation settlement charge. |
(3) | Consists of non-cash interest expense for amortization of debt issuance costs related to the company's convertible senior notes. |
(4) | Consists of income tax adjustments related to our long-term non-GAAP effective tax rate. During the three months and fiscal year ended July 31, 2025, it included a one-time deferred tax provision adjustment relating to the enactment of One Big Beautiful Bill. During the three months and fiscal year ended July 31, 2024, it included a tax benefit from a release of our valuation allowance on |
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Palo Alto Networks, Inc. | |||
Preliminary Condensed Consolidated Balance Sheets | |||
(In millions) | |||
鈥� | |||
July 31, 2025 | July 31, 2024 | ||
(unaudited) | |||
Assets | |||
Current assets: | |||
Cash and cash equivalents | $听听听听听听听听听 2,268.6 | $听听听听听听听听听 1,535.2 | |
Short-term investments | 634.6 | 1,043.6 | |
Accounts receivable, net | 2,965.0 | 2,618.6 | |
Short-term financing receivables, net | 714.6 | 725.9 | |
Short-term deferred contract costs | 419.5 | 369.0 | |
Prepaid expenses and other current assets | 520.5 | 557.4 | |
Total current assets | 7,522.8 | 6,849.7 | |
Property and equipment, net | 387.3 | 361.1 | |
Operating lease right-of-use assets | 347.0 | 385.9 | |
Long-term investments | 5,555.6 | 4,173.2 | |
Long-term financing receivables, net | 1,002.3 | 1,182.1 | |
Long-term deferred contract costs | 585.9 | 562.0 | |
Goodwill | 4,566.6 | 3,350.1 | |
Intangible assets, net | 762.7 | 374.9 | |
Deferred tax assets | 2,424.2 | 2,399.0 | |
Other assets | 421.8 | 352.9 | |
Total assets | $听听听听听听听 23,576.2 | $听听听听听听听 19,990.9 | |
Liabilities and stockholders' equity | |||
Current liabilities: | |||
Accounts payable | $听听听听听听听听听听听听 232.2 | $听听听听听听听听听听听听 116.3 | |
Accrued compensation | 607.6 | 554.7 | |
Accrued and other liabilities | 846.0 | 506.7 | |
Deferred revenue | 6,302.2 | 5,541.1 | |
Convertible senior notes, net | 鈥� | 963.9 | |
Total current liabilities | 7,988.0 | 7,682.7 | |
Long-term deferred revenue | 6,449.7 | 5,939.4 | |
Deferred tax liabilities | 89.1 | 387.7 | |
Long-term operating lease liabilities | 338.2 | 380.5 | |
Other long-term liabilities | 886.8 | 430.9 | |
Total liabilities | 15,751.8 | 14,821.2 | |
Stockholders' equity: | |||
Preferred stock | 鈥� | 鈥� | |
Common stock and additional paid-in capital | 5,291.9 | 3,821.1 | |
Accumulated other comprehensive income (loss) | 48.4 | (1.6) | |
Retained earnings | 2,484.1 | 1,350.2 | |
Total stockholders' equity | 7,824.4 | 5,169.7 | |
Total liabilities and stockholders' equity | $听听听听听听听 23,576.2 | $听听听听听听听 19,990.9 | |
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