Palo Alto Networks (PANW) Market Capitalization (2012 - 2026)
Palo Alto Networks' (PANW) quarterly Market Capitalization came in at $270.4 billion in Q3 2026, up 133.21% year-over-year from $116.0 billion in Q3 2025, and up 85.5% on a QoQ basis from $145.8 billion in Q2 2026.
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Analysis
Palo Alto Networks (PANW) Market Capitalization (2012 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 15 years of Market Capitalization data on file, last reported at $270.4 billion in Q3 2026.
- On a quarterly basis, Market Capitalization rose 133.21% year-over-year to $270.4 billion in Q3 2026; TTM through Jul 2026 was $270.4 billion, a 133.21% increase from a year earlier, with the FY2026 full-year figure at $270.4 billion, up 133.21% from the prior year.
- Market Capitalization for Q3 2026 stood at $270.4 billion, up from $145.8 billion in the prior quarter.
- Across five years, Market Capitalization topped out at $270.4 billion in Q3 2026 and bottomed at $48.0 billion in Q1 2023.
- Historically, Market Capitalization has averaged $102.5 billion across 5 years, with a median of $105.6 billion in 2024.
- The widest annual swing landed in 2023, when Market Capitalization fell 5.87%; it then soared 133.21% in 2026.
- Year by year, Market Capitalization stood at $51.9 billion in 2022, then surged by 46.98% to $76.2 billion in 2023, then jumped by 54.88% to $118.1 billion in 2024, then gained by 29.07% to $152.4 billion in 2025, then jumped by 77.45% to $270.4 billion in 2026.
- Per Business Quant data, the three most recent Market Capitalization figures were $270.4 billion in Q3 2026, $145.8 billion in Q2 2026, and $124.4 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 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 |
| 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 |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 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();