Palo Alto Networks (PANW) Invested Capital (2014 - 2026)
Palo Alto Networks' (PANW) quarterly Invested Capital came in at $27.8 billion in Q2 2026, up 265.52% year-over-year from $7.6 billion in Q2 2025, and up 255.67% on a QoQ basis from $7.8 billion in Q3 2025.
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Analysis
Palo Alto Networks (PANW) Invested Capital (2014 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 13 years of Invested Capital data on file, last reported at $27.8 billion in Q2 2026.
- On a quarterly basis, Invested Capital rose 265.52% year-over-year to $27.8 billion in Q2 2026; TTM through Apr 2026 was $27.8 billion, a 265.52% increase from a year earlier, with the FY2025 full-year figure at $7.8 billion, up 27.57% from the prior year.
- Invested Capital for Q2 2026 stood at $27.8 billion, up from $7.8 billion in the prior quarter.
- Across five years, Invested Capital topped out at $27.8 billion in Q2 2026 and bottomed at $3.7 billion in Q3 2023.
- Historically, Invested Capital has averaged $6.7 billion across 5 years, with a median of $5.3 billion in 2023.
- The widest annual swing landed in 2023, when Invested Capital retreated 3.79%; it then soared 265.52% in 2026.
- Year by year, Invested Capital stood at $4.2 billion in 2022, then slipped by 1.66% to $4.1 billion in 2023, then jumped by 59.28% to $6.6 billion in 2024, then advanced by 19.31% to $7.8 billion in 2025, then surged by 255.67% to $27.8 billion in 2026.
- Per Business Quant data, the three most recent Invested Capital figures were $27.8 billion in Q2 2026, $7.8 billion in Q3 2025, and $7.6 billion in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 5.89 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 2.05 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | - |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | - |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 5.41 Bn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | - |
| 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 | 48.66 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 27.83 Bn |
| Jul 31, 2025 | 7.82 Bn |
| Apr 30, 2025 | 7.61 Bn |
| Jan 31, 2025 | 6.91 Bn |
| Oct 31, 2024 | 6.56 Bn |
| Jul 31, 2024 | 6.13 Bn |
| Apr 30, 2024 | 5.63 Bn |
| Jan 31, 2024 | 6.18 Bn |
| Oct 31, 2023 | 4.12 Bn |
| Jul 31, 2023 | 3.74 Bn |
| Apr 30, 2023 | 4.91 Bn |
| Jan 31, 2023 | 4.41 Bn |
| Oct 31, 2022 | 4.19 Bn |
| Jul 31, 2022 | 3.89 Bn |
| Apr 30, 2022 | 4.01 Bn |
| Jan 31, 2022 | 3.79 Bn |
| Oct 31, 2021 | 4.19 Bn |
| Jul 31, 2021 | 2.19 Bn |
| Jan 31, 2021 | 2.56 Bn |
| Jul 31, 2020 | 1.10 Bn |
API Access
Palo Alto Networks Invested Capital 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=invested-capital&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();