Palo Alto Networks

Palo Alto Networks

PANW· Manufacturing· Fiscal year ends in July

CEO pay in FY2025Stock +6.9% in FY2025

Nikesh Arora is the CEO of Palo Alto Networks and was paid $99.7M in FY2025 (Jul), up 72%.

Pay$100 in the stock at the end of FY20 → $407
CEO pay is from each Palo Alto Networks proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Executives5

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  1. 1Nikesh AroraFY2025
  2. 2William “BJ” JenkinsFY2025
  3. 3Lee KlarichFY2025
  4. 4Dipak GolechhaFY2025
  5. 5Nir ZukFY2025

Named executives and their total pay, from the Summary Compensation Table of the latest proxy.

Pay

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Palo Alto Networks paid its 5 named executives $193.9M in total in FY2025 (Jul). CEO Nikesh Arora was paid $99.7M of that.

Name
Nikesh AroraChief Executive Officer
William “BJ” JenkinsPresident
Lee KlarichChief Product Officer
Dipak GolechhaChief Financial Officer
Nir ZukFounder and Chief Technology Officer

of each named executive, from the Summary Compensation Table of each proxy.

Peers14

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The FY2026 (Jul) proxy of Palo Alto Networks names 14 peer companies for pay. Among Palo Alto Networks and these peers, CEO pay was the highest of 6 and total shareholder return was the highest of 6.

1st highest of 6in Palo Alto Networks and its pay peers, FY2026 (Jul) by CEO pay:

$10.3M$80.3M

1st highest of 6in Palo Alto Networks and its pay peers, FY2026 (Jul) by total shareholder return:

$71$499

The comes from the company's proxy. CEO pay and of each company come from its own Pay versus Performance table for the same fiscal year.

Board2

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  • BACKGROUND Carl EschenbachDirector · 10 yr on the boardIndependentSecurity—Paid as an executive
  • BACKGROUND Aparna BawaDirector · 2 yr on the boardIndependentAudit, Compensation and People, Corporate Development, Security—Paid as an executive

The board of the latest proxy (FY2023).

Activity

  1. Pay
    Palo Alto Networks CTO pay rose 28% to $15.7M. The stock rose 7% in FY2025 (Jul).
    DEF 14A
  2. Pay
    Palo Alto Networks CEO pay rose 72% to $99.7M. The stock rose 7% in FY2025 (Jul).
    DEF 14A
  3. Pay
    Palo Alto Networks President pay rose 50% to $27.0M. The stock rose 7% in FY2025 (Jul).
    DEF 14A
  4. Pay
    Palo Alto Networks Division head pay rose 28% to $26.0M. The stock rose 7% in FY2025 (Jul).
    DEF 14A
  5. Pay
    Palo Alto Networks CFO pay rose 75% to $25.5M. The stock rose 7% in FY2025 (Jul).
    DEF 14A
  6. Pay
    Palo Alto Networks President pay rose 29% to $18.0M. The stock rose 30% in FY2024 (Jul).
    DEF 14A
  7. Pay
    Palo Alto Networks President pay fell 29% to $14.0M. The stock rose 50% in FY2023 (Jul).
    DEF 14A
  8. Pay
    Palo Alto Networks CTO pay rose 52% to $12.3M. The stock rose 30% in FY2024 (Jul).
    DEF 14A
  9. Pay
    Palo Alto Networks CTO pay rose 182% to $8.1M. The stock rose 50% in FY2023 (Jul).
    DEF 14A
  10. Pay
    Palo Alto Networks CTO pay fell 30% to $2.9M. The stock rose 25% in FY2022 (Jul).
    DEF 14A
  11. Pay
    Palo Alto Networks CEO pay fell 62% to $58.0M. The stock rose 30% in FY2024 (Jul).
    DEF 14A
  12. Pay
    Palo Alto Networks CEO pay rose 1,355% to $151.4M. The stock rose 50% in FY2023 (Jul).
    DEF 14A
  13. Pay
    Palo Alto Networks CEO pay fell 55% to $10.4M. The stock rose 25% in FY2022 (Jul).
    DEF 14A
  14. Pay
    Palo Alto Networks Division head pay rose 19% to $20.3M. The stock rose 30% in FY2024 (Jul).
    DEF 14A
  15. Pay
    Palo Alto Networks Division head pay rose 183% to $17.1M. The stock rose 50% in FY2023 (Jul).
    DEF 14A
  16. Pay
    Palo Alto Networks Division head pay fell 45% to $6.0M. The stock rose 25% in FY2022 (Jul).
    DEF 14A
  17. Pay
    Palo Alto Networks CFO pay rose 56% to $14.6M. The stock rose 30% in FY2024 (Jul).
    DEF 14A
  18. Pay
    Palo Alto Networks CFO pay rose 159% to $9.4M. The stock rose 50% in FY2023 (Jul).
    DEF 14A
  19. Pay
    Palo Alto Networks CFO pay fell 60% to $3.6M. The stock rose 25% in FY2022 (Jul).
    DEF 14A

Filings22

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Proxy statementDEF 14AOct 27, 2026FY2026
Annual report10-KSep 10, 2026FY2026
Current report8-KDec 11, 2025—
Current report8-KNov 19, 2025—
Proxy statementDEF 14ANov 7, 2025FY2025
Annual report10-KAug 29, 2025FY2025
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