Palo Alto Networks (XTER:5AP) Research & Development: €1,948 Mil (TTM As of Apr. 2026)


XTER:5AP Palo Alto Networks Inc XTER:5AP
68 GF Score
Price €257.45
GF Value €179.62
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Palo Alto Networks Research & Development?

Palo Alto Networks XTER:5AP +1.86% 68 Research & Development is €1,948 Mil as of Apr. 2026. GuruFocus rates XTER:5AP with a GF Score™ of 68/100 and a GF Value™ of €179.62 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Palo Alto Networks's Research & Development for the three months ended in Apr. 2026 was €628 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Apr. 2026 was €1,948 Mil.

Palo Alto Networks  (XTER:5AP) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Palo Alto Networks Research & Development Related Terms

Palo Alto Networks Research & Development Historical Data

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The historical data trend for Palo Alto Networks's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Palo Alto Networks Research & Development Chart

Palo Alto Networks Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 964.78 1,393.60 1,450.02 1,668.27 1,700.37

Palo Alto Networks Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 439.66 432.01 453.55 434.86 627.57
XTER:5AP
68GF Score
Palo Alto Networks Inc XTER:5AP
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Palo Alto Networks Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,948 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €1,948 Mil mean?
Palo Alto Networks (XTER:5AP) has a Research & Development of €1,948 Mil as of Apr. 2026. Research and development expense is the total cost for research and development activities. View historical data on Palo Alto Networks and its competitors.
Is Palo Alto Networks' Research & Development too high?
Palo Alto Networks' current Research & Development is €1,948 Mil. Overall, Palo Alto Networks has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Palo Alto Networks' Research & Development compare to CRWD and FTNT?
Palo Alto Networks' Research & Development of €1,948 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Palo Alto Networks and its competitors. Palo Alto Networks's current Research & Development is €1,948 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Palo Alto Networks stock overvalued right now?
Based on GuruFocus' analysis, Palo Alto Networks (XTER:5AP) is currently considered Significantly Overvalued. The stock's GF Value™ is €179.62, compared to a current price of €257.45 — trading 43.3% above its estimated fair value. The current Research & Development is €1,948 Mil. Palo Alto Networks' overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Palo Alto Networks (XTER:5AP), the current Research & Development is €1,948 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Palo Alto Networks (XTER:5AP) Overvalued in 2026?

Based on GuruFocus' analysis, Palo Alto Networks stock appears to be overvalued. The current stock price of €257.45 is trading 43.3% above its estimated GF Value™ of €179.62. GuruFocus considers Palo Alto Networks to be Significantly Overvalued.

Key valuation signals for XTER:5AP:

  • Research & Development: €1,948 Mil
  • GF Value™: €179.62 vs. price of €257.45 (43.3% above fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the XTER:5AP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Palo Alto Networks Business Description

Address 3000 Tannery Way, Santa Clara, CA, USA, 95054
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.
68GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€257.45
Price
€179.62
GF Value