What is Palo Alto Networks's market cap?

Palo Alto Networks (PANW) has a market capitalization of $234B as of July 29, 2026. Market cap is the total market value of the company's outstanding shares (share price × shares outstanding), shown here in US dollars (USD).

How is Palo Alto Networks's market cap calculated, and what currency is it in?

Market capitalization is calculated by multiplying Palo Alto Networks's share price by its total shares outstanding. Although Palo Alto Networks reports its financial statements in USD, market cap on this page is shown in US dollars (USD) for comparability with other companies.

What is the highest market cap Palo Alto Networks has reached?

Palo Alto Networks (PANW) reached its all-time high market cap of $267B on July 17, 2026, based on daily closing values in our history.

What is the lowest market cap Palo Alto Networks has reached?

Palo Alto Networks (PANW) recorded its all-time low market cap of $2.75B on June 24, 2013 in the available daily history.

Is Palo Alto Networks's market cap above or below its 5-year average?

At $234B, Palo Alto Networks's market cap is currently above its five-year average of $98.6B.

What was Palo Alto Networks's market cap in 2025?

Palo Alto Networks (PANW) ended 2025 with a market cap of $123B.

What was Palo Alto Networks's market cap in 2026?

Palo Alto Networks (PANW) ended 2026 with a market cap of $234B.

Palo Alto Networks (PANW) Market Cap 2012-2026

Current

$234B

As of Jul 29, 2026

5-Year Average

$98.6B

All-Time High

$267B

Jul 17, 2026

All-Time Low

$2.75B

Jun 24, 2013

Market cap daily chart for Palo Alto Networks (PANW)

Aug 2, 2021 – Jul 29, 2026 · 1,253 trading days

Market Cap growth chart for Palo Alto Networks (PANW) from 2017 to 2026

Latest: +89.8%

Market Cap history table for Palo Alto Networks (PANW) from 2012 to 2026


2026	$234B	+89.8%	+$111B	Jul 29, 2026	Jun 3, 2026
2025	$123B	+7.1%	+$8.18B	Jul 31, 2025	Aug 29, 2025
2024	$115B	+34.4%	+$29.4B	Jul 31, 2024	Sep 6, 2024
2023	$85.6B	+74.0%	+$36.4B	Jul 31, 2023	Sep 1, 2023
2022	$49.2B	+27.8%	+$10.7B	Jul 31, 2022	Sep 6, 2022
2021	$38.5B	+55.1%	+$13.7B	Jul 31, 2021	Sep 3, 2021
2020	$24.8B	+15.8%	+$3.39B	Jul 31, 2020	Sep 4, 2020
2019	$21.4B	+17.8%	+$3.23B	Jul 31, 2019	Sep 9, 2019
2018	$18.2B	+52.3%	+$6.24B	Jul 31, 2018	Sep 13, 2018
2017	$11.9B	+4.7%	+$540M	Jul 31, 2017	Sep 7, 2017
2016	$11.4B	-24.8%	-$3.77B	Jul 31, 2016	Sep 8, 2016
2015	$15.2B	+152.3%	+$9.15B	Jul 31, 2015	Sep 17, 2015
2014	$6.01B	+78.7%	+$2.65B	Jul 31, 2014	Sep 18, 2014
2013	$3.36B	-11.7%	-$448M	Jul 31, 2013	Sep 25, 2013
2012	$3.81B	—	—	Jul 31, 2012	Oct 4, 2012

2026$234B+89.8%
2025$123B+7.1%
2024$115B+34.4%
2023$85.6B+74.0%
2022$49.2B+27.8%
2021$38.5B+55.1%
2020$24.8B+15.8%
2019$21.4B+17.8%
2018$18.2B+52.3%
2017$11.9B+4.7%
2016$11.4B-24.8%
2015$15.2B+152.3%
2014$6.01B+78.7%
2013$3.36B-11.7%
2012$3.81B—

Market Cap values are taken from Palo Alto Networks's reported income statements (share counts) and end-of-day prices (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Market Cap at Palo Alto Networks (PANW)

According to Palo Alto Networks's latest reported financial statements, the company's latest reported market cap is $133B. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).

Headline figure above is from the reporting period ending April 30, 2026 (reported June 3, 2026). Chart and table below cover the full reported history back to 2012.

2026's annual market cap for Palo Alto Networks (PANW) came in at $234B – surged 89.8% year-over-year.

Palo Alto Networks market cap compound annual growth for the 2021–2026 (5 years) window is +43.5%, sustaining 10 straight years of year-over-year growth.

The highest annual market cap of $234B was reported in 2026. The lowest in the available history was $3.36B in 2013.

Palo Alto Networks Market Cap by Year

Palo Alto Networks Market Cap 2026: $234B

Palo Alto Networks posted market cap of $234B in 2026, surged 89.8% from 2025. This figure represents the highest annual value in the available history.

Palo Alto Networks Market Cap 2025: $123B

In 2025, Palo Alto Networks reported market cap of $123B, grew 7.1% from 2024.

Palo Alto Networks Market Cap 2024: $115B

Palo Alto Networks market cap in 2024 was $115B, surged 34.4% from 2023.

Palo Alto Networks Market Cap 2023: $85.6B

2023's market cap for Palo Alto Networks came in at $85.6B, surged 74.0% from 2022.

Palo Alto Networks Market Cap 2022: $49.2B

Palo Alto Networks market cap in 2022 was $49.2B.

See more financial history for Palo Alto Networks (PANW).

Sector peers by Market Cap

Technology peers of Palo Alto Networks (PANW), ranked by their latest market cap


Apple (AAPL)	$4.97T
NVIDIA (NVDA)	$4.6T
Microsoft (MSFT)	$2.9T
TSMC (TSM)	$1.94T
Broadcom (AVGO)	$1.76T
SK hynix (SKHY)	$900B
Micron Technology (MU)	$835B
AMD (AMD)	$700B

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