Palo Alto Networks (PANW) Equity Average (2012 - 2026)
Palo Alto Networks' (PANW) quarterly Equity Average came in at $27.6 billion in Q3 2026, up 266.41% year-over-year from $7.5 billion in Q3 2025, and up 48.84% on a QoQ basis from $18.5 billion in Q2 2026.
Powered by 
Analysis
Palo Alto Networks (PANW) Equity Average (2012 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 15 years of Equity Average data on file, last reported at $27.6 billion in Q3 2026.
- On a quarterly basis, Equity Average rose 266.41% year-over-year to $27.6 billion in Q3 2026; TTM through Jul 2026 was $27.6 billion, a 266.41% increase from a year earlier, with the FY2026 full-year figure at $17.7 billion, up 171.81% from the prior year.
- Equity Average for Q3 2026 stood at $27.6 billion, up from $18.5 billion in the prior quarter.
- Across five years, Equity Average topped out at $27.6 billion in Q3 2026 and bottomed at $227.7 million in Q2 2022.
- Historically, Equity Average has averaged $5.7 billion across 5 years, with a median of $4.4 billion in 2024.
- The widest annual swing landed in 2022, when Equity Average tumbled 77.62%; it then soared 445.75% in 2023.
- Year by year, Equity Average stood at $359.0 million in 2022, then soared by 445.75% to $2.0 billion in 2023, then surged by 182.79% to $5.5 billion in 2024, then jumped by 48.8% to $8.2 billion in 2025, then surged by 234.53% to $27.6 billion in 2026.
- Per Business Quant data, the three most recent Equity Average figures were $27.6 billion in Q3 2026, $18.5 billion in Q2 2026, and $9.0 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 27.58 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 4.91 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 1.27 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 2.04 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 4.18 Bn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 3.60 Bn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | 2.40 Bn |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 2.96 Bn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 6.94 Bn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 40.96 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 27.58 Bn |
| Apr 30, 2026 | 18.53 Bn |
| Jan 31, 2026 | 9.03 Bn |
| Oct 31, 2025 | 8.24 Bn |
| Jul 31, 2025 | 7.53 Bn |
| Apr 30, 2025 | 6.80 Bn |
| Jan 31, 2025 | 6.14 Bn |
| Oct 31, 2024 | 5.54 Bn |
| Jul 31, 2024 | 4.82 Bn |
| Apr 30, 2024 | 4.41 Bn |
| Jan 31, 2024 | 3.26 Bn |
| Oct 31, 2023 | 1.96 Bn |
| Jul 31, 2023 | 1.49 Bn |
| Apr 30, 2023 | 980.70 Mn |
| Jan 31, 2023 | 618.50 Mn |
| Oct 31, 2022 | 359.00 Mn |
| Jul 31, 2022 | 273.80 Mn |
| Apr 30, 2022 | 227.70 Mn |
| Jan 31, 2022 | 318.35 Mn |
| Oct 31, 2021 | 576.70 Mn |
API Access
Palo Alto Networks Equity Average 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=equity-average&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "equity-average", "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=equity-average&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();