Palo Alto Networks (PANW) Common Equity (2012 - 2026)
Palo Alto Networks' (PANW) quarterly Common Equity came in at $27.5 billion in Q3 2026, up 251.38% year-over-year from $7.8 billion in Q3 2025, and down 0.64% on a QoQ basis from $27.7 billion in Q2 2026.
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Analysis
Palo Alto Networks (PANW) Common Equity (2012 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 15 years of Common Equity data on file, last reported at $27.5 billion in Q3 2026.
- On a quarterly basis, Common Equity rose 251.38% year-over-year to $27.5 billion in Q3 2026; TTM through Jul 2026 was $27.5 billion, a 251.38% increase from a year earlier, with the FY2026 full-year figure at $27.5 billion, up 251.38% from the prior year.
- Common Equity for Q3 2026 stood at $27.5 billion, down from $27.7 billion in the prior quarter.
- Across five years, Common Equity topped out at $27.7 billion in Q2 2026 and bottomed at $117.8 million in Q1 2022.
- Historically, Common Equity has averaged $6.4 billion across 5 years, with a median of $4.5 billion in 2024.
- The widest annual swing landed in 2022, when Common Equity slumped 88.64%; it then jumped 732.38% in 2023.
- Year by year, Common Equity stood at $508.0 million in 2022, then surged by 327.26% to $2.2 billion in 2023, then surged by 172.38% to $5.9 billion in 2024, then jumped by 46.57% to $8.7 billion in 2025, then jumped by 217.28% to $27.5 billion in 2026.
- Per Business Quant data, the three most recent Common Equity figures were $27.5 billion in Q3 2026, $27.7 billion in Q2 2026, and $9.4 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 27.49 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 5.14 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 1.55 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 2.15 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 4.37 Bn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 3.67 Bn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | 2.60 Bn |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 2.98 Bn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 6.97 Bn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 41.48 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();