Historical operating KPI

Palo Alto Networks NGS ARR History

Name: Palo Alto Networks NGS ARR quarterly history
Creator: VizualStocks

Latest reported: $9.1B
Period: Q2 2026
QoQ: +11.9%
YoY: +63.1%

Metric ID: nextGenerationSecurityAnnualRecurringRevenue
Frequency: quarterly
Status: active

About this KPI

Why it matters

NGS ARR tracks the recurring scale of Palo Alto Networks' next-generation security business. Its current definition excludes hardware, legacy attached subscriptions and support, and professional services.

Why investors follow it

The history helps investors track platformization and recurring growth across newer security offerings while comparing that transition with reported revenue and billings.

What it does not tell you

NGS ARR is not GAAP revenue and does not reveal contract duration, renewal rates, product mix, customer concentration, implementation timing, margins or cash collection.

Maintained history, without the manual work

Pull this maintained history through the VizualStocks API instead of rebuilding it from filings every quarter.

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GET/v1/companies/PANW/metrics/nextGenerationSecurityAnnualRecurringRevenue?order=asc

What is NGS ARR?

NGS ARR stands for Next-Generation Security Annualized Recurring Revenue. Palo Alto Networks uses it to measure the annualized recurring value of eligible active contracts at quarter-end. It is a point-in-time operating metric, not revenue earned during the quarter. Company definition.