Palo Alto Networks Inc (NAS:PANW)
$ 348.06 -3.98 (-1.13%) Market Cap: 283.67 Bil Enterprise Value: 282.63 Bil PE Ratio: 285.30 PB Ratio: 10.23 GF Score: 76/100

Palo Alto Networks Inc Annual Shareholders Meeting Transcript

Dec 09, 2025 / 07:00PM GMT
Release Date Price: $195 (-0.18%)
Operator

Welcome to the Palo Alto Networks Inc 2025 annual meeting of shareholders. I now turn the meeting over to Nikesh Arora, Chair and Chief Executive Officer of Palo Alto Networks.

Nikesh Arora
Palo Alto Networks Inc - Chairman of the Board, Chief Executive Officer

Good morning and thank you, everyone, for joining us today for our 2025 annual meeting of shareholders. I would like to welcome the members of our Board of Directors and management team who are attending today's meeting, as well as representatives from Ernst & Young, our independent registered public accounting firm. I will be presiding as Chair of the meeting.

Before we proceed, I would like to say a few words about our company and fiscal 2025 performance. Fiscal 2025 was yet another year of strong financial achievement for Palo Alto Networks. Our revenue grew 15% year over year to $9.22 billion. Our next generation security ARR grew 32% year over year to $5.58 billion and our RPO grew 24% year over year to $15.8 billion. This performance underscores that our platformization strategy

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