On this page of Benford's Law Stocks.com we present our study of Palo Alto Networks Inc — ticker symbol PANW. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 2/22/2021 to 11/19/2025 for Palo Alto Networks Inc under CIK number 0001327567. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for PANW, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Palo Alto Networks Inc based on the past PANW filings our system processed in the past.
Benford Chart for PANW 10Q Filed 11/19/2025
30.1
16.3
12.6
9.7
7.3
8.7
7.2
4.6
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, PANW stockholder letter ]
Total numbers found: 681
Recent share count: 683,982,694 (6's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
681
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 7 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for PANW = 92
92

Starting from a possible score of 100, we made the following score deductions:
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 6, we canceled the penalty multiplier.
 • We deducted points upon observing the 6's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 6's percentage was above the company's typical historical range.
 • We deducted point upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 7's percentage was above the company's typical historical range.
PANW's Score Vs. Typical Stock
Benford's Law Stocks Indicator
PANW
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
Other Stocks Ranking Near PANW
MRUS
ONFO
PENN
PTMN
 NDSN
PAA
PCAR
PHIO
Check our work! We provide our Palo Alto Networks Inc Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the PANW filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 205 numbers that start with the digit 1. Here they are:
1,144
14
10
1,343
1,002
14,871
15,752
100
1,785
1,836
1,585
179
1,527
1,299
1
103
17
13
1
1
19
19
19
129
129
1
1
1,350
121
121
1,701
137
126
110
13
18
16
15
1,622
1,486
125
11
1,771
1,510
1,401
130
121
1
121
1,547
10
1,526
1,344
115
1,641
1,442
1,364
1,192
1,785
1.9
1.6
15.5
1,105
1,105
1,206
1,206
169
169
157
157
178
178
1,105
1,090
1,206
169
1,375
15
15
14
14
13
13
1,139
1,139
164
164
1,423
1,423
1,315
1,315
1,105
1,206
168
168
168
175
13
121
157
157
178
178
1,090
1,090
1
1,421
15
1,436
1
169
169
169
169
15
15
1
170
170
1,328
1,337
1
180
183
1.1
1.2
1,079
1,002
177
1,158
18
1,262
188
183
174
10
14
14
18
1,607
18
1,730
1.0
137
123
15
15
1
1
1
1
1,149
1,170
116
125
104
11
1.000
1.375
150
1,017
1,148
185
185
141
1,005
1,020
1,152
112
152
114
147
146
1
1.0
1.0
13
143.33
140.92
1,635
1
190.48
182.59
122.51
136.82
194.01
12
150.94
12
153.01
1
197
1
1
1
155
138
102
18.9
12
10
19
105
11
103
We found 111 numbers that start with the digit 2. Here they are:
2,269
2,965
2,416
2,424
23,536
23,576
223
232
2,000
2,818
2,484
23,536
23,576
2,040
2,474
2,139
286
25
2
2,484
20
2,818
2
2
2
22
22
295
295
295
2
210
201
291
2
22
220
2,279
2,293
2,283
2,293
255
2,474
2,139
2,040
2,474
2,139
2,195
25
25
22
22
26
26
26
26
276
276
276
280
212
212
238
238
212
212
238
238
25
25
29
29
29
29
2,226
2,229
2,299
2,327
286
290
261
242
28
226
28
223
2.2005
25
279
236
274
262
24
24
238
2.0
203
20
2,497
2,497
2,285
2
2,623
2,677
226.06
261.62
264.51
295
2.2
20
24
We found 86 numbers that start with the digit 3. Here they are:
3,066
394
387
353
347
390
398
346
338
354
309
368
334
351
334
351
3
353
349
334
334
360
360
3,821
351
351
334
351
370
33
30
369
319
3,075
3,066
3,075
312
354
340
340
3
3
3
3
3
3
3
3
380
387
380
340
340
3,133
3,182
301
36
306
32
34
375
371
350
375
3
311
3
3
3
36.6
3.6
3.9
3.7
305.83
32.76
32.88
32.25
32.25
32
31
370
334
351
3
3
3.35
4's 5's 6's
We found 66 numbers that start with the digit 4. Here they are:
415
419
4,567
4,567
422
48
434
479
481
412
49
47
49
48
4
4
4
4,215
4
4
416
474
44
442
434
4,448
4,448
4,050
4,050
4
4
4
4
4
4,588
47
4,634
435
450
4
4
489
435
40
45.00
472
486
426
407
40
41
40
4.1
400
4
43
4.1
42.6
44.1
47.6
4.5
49
4.9
49
47
49
We found 50 numbers that start with the digit 5. Here they are:
520
5,982
5,555
546
586
5,780
5,292
549
554
528
54
5,292
5,780
5,169
5
5,912
53
522
500
544
521
593
584
584
5,982
5,982
5,555
5,555
58
58
58
58
514
518
514
5,120
5,192
56
5
5
50
5
586
504
515
536
52
52
54
5
We found 59 numbers that start with the digit 6. Here they are:
697
635
605
608
665
6,132
6,302
6,098
6,450
692
668
67
638
679
654
6
668
692
67
650
655
6
660
649
676
6.9
6
6
630
630
64
64
64
64
6,415
6
649
6
655
6,130
6,185
6
63
69
675
609
609
62
68.08
60
6,380
60
660
66
61
6,706
62.72
679
654
7's 8's 9's
We found 49 numbers that start with the digit 7. Here they are:
737
715
7,310
7,523
723
763
7,418
7,988
7,824
75
720
78
709
709
7
7,824
7
79
796
746
755
755
744
744
7,621
7
7
7
7
755
755
73
7,034
7,121
737
715
732
760
750
723
763
723
78
7
721
76
709
709
7,122
We found 31 numbers that start with the digit 8. Here they are:
855
846
89
887
8,665
89
820
83
8,665
89
84
82
84
8
85
85
8,275
88
8,124
8,211
823
806
80
86
8
855
862
80
86
8
83
We found 24 numbers that start with the digit 9. Here they are:
96
913
98
9
97
94
983
9
98
9,380
99
99
9
927
9
9
962
9
964
9
9
998
9
9
While the above PANW 10Q Filed 11/19/2025 is interesting in isolation, we have found that it is also useful to take a look at older Palo Alto Networks Inc filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 11/19/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical PANW 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 11/19/2025
30.1
16.3
12.6
9.7
7.3
8.7
7.2
4.6
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 681

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 2/14/2025
29.5
14.0
12.6
10.9
7.2
10.2
4.8
4.3
6.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 60
XBRL? ✓  [ original filing ]
Total numbers found: 1,008

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 5/20/2024
26.8
19.3
17.0
9.0
8.8
5.3
4.9
5.0
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 947

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10K Filed 9/1/2023
32.1
18.6
13.1
10.1
6.7
5.5
5.2
3.8
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 1,272

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 11/17/2022
31.6
20.8
16.4
5.1
8.7
4.8
4.5
4.2
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 732

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 2/22/2022
32.9
16.9
12.0
9.0
8.0
6.2
4.9
4.1
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL? ✓  [ original filing ]
Total numbers found: 852

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 5/20/2021
30.7
19.3
14.4
6.7
6.5
6.4
6.6
3.4
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 877

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10K Filed 8/29/2025
30.4
16.3
12.0
11.7
8.0
7.5
5.6
3.3
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 1,285

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 11/20/2024
28.1
13.7
15.6
11.2
8.2
7.2
5.7
3.5
6.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 793

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 2/20/2024
31.3
14.2
15.8
8.7
9.1
7.2
5.3
5.7
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ✓  [ original filing ]
Total numbers found: 965

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 5/23/2023
27.9
22.5
16.7
6.6
5.8
5.2
5.4
4.8
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 963

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10K Filed 9/6/2022
31.3
20.2
13.2
9.3
6.5
5.6
5.0
3.7
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 1,286

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 11/18/2021
28.6
20.8
12.0
8.3
6.5
5.9
5.3
5.5
7.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL? ✓  [ original filing ]
Total numbers found: 660

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 2/22/2021
33.2
18.1
14.4
6.9
6.9
6.1
6.0
2.8
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 855

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 5/20/2025
25.9
16.2
13.1
10.7
8.3
8.8
6.3
4.3
6.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL? ✓  [ original filing ]
Total numbers found: 995

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10K Filed 9/6/2024
29.3
17.6
13.4
11.5
7.9
5.8
4.6
3.8
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 1,292

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 11/17/2023
30.3
17.0
16.6
11.4
6.3
7.9
4.1
3.3
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL? ✓  [ original filing ]
Total numbers found: 699

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 2/21/2023
32.0
19.9
14.3
4.7
7.9
7.4
5.4
4.4
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL? ✓  [ original filing ]
Total numbers found: 952

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10Q Filed 5/19/2022
27.9
18.7
16.1
7.6
6.3
6.4
7.2
2.9
6.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 55
XBRL? ✓  [ original filing ]
Total numbers found: 857

■ = Typical PANW range from 2/22/2021 to 11/19/2025
10K Filed 9/3/2021
32.0
18.1
14.6
7.9
7.4
5.5
5.5
3.6
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL? ✓  [ original filing ]
Total numbers found: 1,339

■ = Typical PANW range from 2/22/2021 to 11/19/2025
RR 10K Filed 1/20/2026:
82
UGRO 10K Filed 1/16/2026:
95
ADBE 10K Filed 1/15/2026:
98
IIIN 10Q Filed 1/15/2026:
91
BMRA 10Q Filed 1/14/2026:
43
FNGR 10Q Filed 1/14/2026:
42
CVGW 10K Filed 1/14/2026:
54
NTRP 10Q Filed 1/14/2026:
74
DBMM 10Q Filed 1/14/2026:
7
RILY 10Q Filed 1/14/2026:
81
CODI 10Q Filed 1/14/2026:
100
RFIL 10K Filed 1/14/2026:
84
LOOP 10Q Filed 1/14/2026:
67
HOVR 10Q Filed 1/14/2026:
64
LEDS 10Q Filed 1/14/2026:
92
EACO 10Q Filed 1/13/2026:
54
SMCE 10Q Filed 1/13/2026:
89
RMCF 10Q Filed 1/13/2026:
78
BMNR 10Q Filed 1/13/2026:
42
BBCP 10K Filed 1/13/2026:
96
EDUC 10Q Filed 1/13/2026:
97
BZYR 10Q Filed 1/13/2026:
76
SODI 10Q Filed 1/13/2026:
97
PKE 10Q Filed 1/13/2026:
63
LEXX 10Q Filed 1/13/2026:
32
BPTH 10Q Filed 1/13/2026:
67
UBYH 10Q Filed 1/13/2026:
46
SOTK 10Q Filed 1/13/2026:
89
MOBX 10K Filed 1/12/2026:
100
SCPX 10Q Filed 1/12/2026:
80
AEHR 10Q Filed 1/12/2026:
68
ANIX 10K Filed 1/12/2026:
78
ALTS 10Q Filed 1/12/2026:
80
FC 10Q Filed 1/9/2026:
68
SLP 10Q Filed 1/9/2026:
85
HURC 10K Filed 1/9/2026:
91
WOR 10Q Filed 1/9/2026:
79
JBL 10Q Filed 1/9/2026:
95
TLRY 10Q Filed 1/8/2026:
80
APLD 10Q Filed 1/8/2026:
86
 

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