8-K filed Nov 19, 2025
Palo Alto Networks authorizes $1B for stock buybacks
“On November 18, 2025, the Board of Directors of the Company approved an extension of the Company’s current repurchase authorization of $1 billion of the Company’s common stock until December 31, 2026.”
From Palo Alto Networks’s 8-K filed Nov 19, 2025 · read the filing · all documents
How big is it?
Palo Alto Networks didn't buy back any stock in the twelve months to Jul 31, 2026, so this program would be a restart.
The amount equals 24% of its free cash flow over the same twelve months ($4.1B).
Its diluted share count is up 17.4% from a year earlier.
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q4 '23 | $66.7M |
| Q1 '24 | $0 |
| Q2 '24 | $500M |
| Q3 '24 | $300,000 |
| Q4 '24 | $0 |
| Q1 '25 | $0 |
| Q2 '25 | $0 |
| Q3 '25 | $0 |
| Q4 '25 | $0 |
| Q1 '26 | $0 |
| Q2 '26 | $0 |
| Q3 '26 | $0 |