Palo Alto Networks (PANW) Common Equity (2012 - 2026)
Palo Alto Networks (PANW) posted Common Equity of $27.49 billion for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 251.4% from $7.82 billion a year earlier but down 0.6% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Common Equity (2012 - 2026) Analysis & Trends
Since fiscal Q4 2012, Palo Alto Networks has reported Common Equity for 57 quarters.
- Annual Common Equity has increased for four consecutive fiscal years, with a five-year compound annual growth rate of 112.5% (FY2021 to FY2026).
- In prior fiscal years, Palo Alto Networks' Common Equity was $7.82 billion in FY2025 (+51.4%), $5.17 billion in FY2024 (+195.7%), $1.75 billion in FY2023 (+732.4%) and $210 million in FY2022 (-66.9%).
- Quarterly Common Equity has run from a low of $117.8 million in fiscal Q2 2022 to a high of $27.67 billion in fiscal Q3 2026 over five years.
- On a year-over-year basis, Common Equity has increased in each of the last 15 quarters, with growth averaging 120.0% over the last eight quarters.
- The strongest year-over-year quarter for Common Equity in the past five years was fiscal Q4 2023, with growth of 732.4%; the weakest was fiscal Q2 2022, with a decline of 88.6%.
- According to Business Quant data, Common Equity for the three prior fiscal quarters was $27.67 billion (Q3 2026), $9.39 billion (Q2 2026) and $8.67 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | 27.49 Bn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | 5.14 Bn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | 1.55 Bn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | 2.15 Bn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 4.37 Bn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 6.97 Bn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | 2.60 Bn |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | 3.67 Bn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 2.98 Bn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | 3.86 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 27.49 Bn |
| Apr 30, 2026 | 27.67 Bn |
| Jan 31, 2026 | 9.39 Bn |
| Oct 31, 2025 | 8.67 Bn |
| Jul 31, 2025 | 7.82 Bn |
| Apr 30, 2025 | 7.23 Bn |
| Jan 31, 2025 | 6.38 Bn |
| Oct 31, 2024 | 5.91 Bn |
| Jul 31, 2024 | 5.17 Bn |
| Apr 30, 2024 | 4.47 Bn |
| Jan 31, 2024 | 4.36 Bn |
| Oct 31, 2023 | 2.17 Bn |
| Jul 31, 2023 | 1.75 Bn |
| Apr 30, 2023 | 1.23 Bn |
| Jan 31, 2023 | 729.00 Mn |
| Oct 31, 2022 | 508.00 Mn |
| Jul 31, 2022 | 210.00 Mn |
| Apr 30, 2022 | 337.60 Mn |
| Jan 31, 2022 | 117.80 Mn |
| Oct 31, 2021 | 518.90 Mn |
API Access
Palo Alto Networks Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();