Palo Alto Networks (PANW) Market Capitalization (2012 - 2026)
Palo Alto Networks (PANW) posted Market Capitalization of $270.44 billion for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 133.2% from $115.96 billion a year earlier and up 85.5% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Market Capitalization (2012 - 2026) Analysis & Trends
Since fiscal Q4 2012, Palo Alto Networks has reported Market Capitalization for 57 quarters.
- Annual Market Capitalization has increased for ten consecutive fiscal years, with a five-year compound annual growth rate of 47.4% (FY2021 to FY2026).
- In prior fiscal years, Palo Alto Networks' Market Capitalization was $115.96 billion in FY2025 (+9.8%), $105.57 billion in FY2024 (+37.0%), $77.06 billion in FY2023 (+55.0%) and $49.71 billion in FY2022 (+28.0%).
- The fiscal Q4 2026 figure stands as the highest quarterly Market Capitalization in data going back to fiscal Q4 2012.
- On a year-over-year basis, Market Capitalization has increased in each of the last 13 quarters, with growth averaging 36.3% over the last eight quarters.
- The strongest year-over-year quarter for Market Capitalization in the past five years was fiscal Q1 2022, with growth of 138.6%; the weakest was fiscal Q2 2023, with a decline of 5.9%.
- According to Business Quant data, Market Capitalization for the three prior fiscal quarters was $145.79 billion (Q3 2026), $124.41 billion (Q2 2026) and $152.41 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 270.44 Bn |
| Apr 30, 2026 | 145.79 Bn |
| Jan 31, 2026 | 124.41 Bn |
| Oct 31, 2025 | 152.41 Bn |
| Jul 31, 2025 | 115.96 Bn |
| Apr 30, 2025 | 124.48 Bn |
| Jan 31, 2025 | 121.79 Bn |
| Oct 31, 2024 | 118.08 Bn |
| Jul 31, 2024 | 105.57 Bn |
| Apr 30, 2024 | 94.08 Bn |
| Jan 31, 2024 | 109.24 Bn |
| Oct 31, 2023 | 76.24 Bn |
| Jul 31, 2023 | 77.06 Bn |
| Apr 30, 2023 | 55.76 Bn |
| Jan 31, 2023 | 47.97 Bn |
| Oct 31, 2022 | 51.87 Bn |
| Jul 31, 2022 | 49.71 Bn |
| Apr 30, 2022 | 55.91 Bn |
| Jan 31, 2022 | 50.96 Bn |
| Oct 31, 2021 | 50.25 Bn |
API Access
Palo Alto Networks Market Capitalization 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=market-capitalization&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();