Palo Alto Networks Increases Stock Repurchase Authorization by $1.0 Billion

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approved the repurchase of up to an additional $1.0 billion of the Company's common stock. This authorization is an increase to the existing $4.1 billion repurchase authorization, which was originally approved in February 2019 and extended multiple times since then. The repurchase authorization period will expire on December 31, 2026, and can be funded from available working capital. This authorization allows the Company to repurchase shares of its common stock opportunistically in open market purchases, privately negotiated transactions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The Company had approximately 811 million shares of common stock outstanding as of March 6, 2026.

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About Palo Alto Networks, Inc.

Palo Alto Networks, Inc. is a leading cybersecurity company that provides advanced security solutions to protect digital enterprises. The company's primary function is to safeguard organizations across various sectors with its innovative, integrated security platforms to combat increasingly sophisticated cyber threats. The offerings of Palo Alto Networks encompass network security, cloud security, endpoint protection, and threat intelligence services, delivering a comprehensive shield against vulnerabilities for businesses globally. With its headquarters in Santa Clara, California, the company plays a pivotal role in the cybersecurity market by helping firms ensure safe and secure digital environments. Palo Alto Networks serves a diverse clientele, including healthcare, finance, government, and technology industries, all reliant on robust security measures to protect sensitive data and maintain operational integrity. Through its forward-looking approach and commitment to innovation, Palo Alto Networks continues to expand its impact, leading the charge in the evolution of digital security infrastructure.