Market Cap for Palo Alto Networks (PANW)
According to Palo Alto Networks's latest reported financial statements, the company's latest reported market cap is $126.18B USD. 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 (reported ). Chart and table below cover the full reported history back to .
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Latest period
$126.18B
YoY change
+5.1%
5Y CAGR
+27.5%
Peak year (2026)
$129.44B
Latest annual
$129.44B
Market Cap history chart for Palo Alto Networks (PANW) from 2012 to 2026
Market Cap history table for Palo Alto Networks (PANW) from 2012 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $129.44B | +5.1% | ||
| 2025 | $123.13B | +7.1% | ||
| 2024 | $114.96B | +34.4% | ||
| 2023 | $85.56B | +74.0% | ||
| 2022 | $49.16B | +27.8% | ||
| 2021 | $38.47B | +55.1% | ||
| 2020 | $24.80B | +15.8% | ||
| 2019 | $21.41B | +17.8% | ||
| 2018 | $18.18B | +52.3% | ||
| 2017 | $11.94B | +4.7% | ||
| 2016 | $11.40B | -24.8% | ||
| 2015 | $15.16B | +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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2026's annual market cap for Palo Alto Networks (PANW) came in at $129.44B – grew 5.1% year-over-year.
Palo Alto Networks market cap compound annual growth for the 2021–2026 (5 years) window is +27.5%, sustaining 10 straight years of year-over-year growth.
The highest annual market cap of $129.44B was reported in 2026. The lowest in the available history was $3.36B in 2013.
Palo Alto Networks (PANW) sits 9th of 8 Technology peers we track on this metric, against a peer median of $1.96T.
Palo Alto Networks Market Cap by Year
Palo Alto Networks Market Cap 2026: $129.44B
Palo Alto Networks market cap in 2026 was $129.44B, grew 5.1% from 2025. This figure represents the highest annual value in the available history.
Palo Alto Networks Market Cap 2025: $123.13B
Palo Alto Networks market cap in 2025 was $123.13B, grew 7.1% from 2024.
Palo Alto Networks Market Cap 2024: $114.96B
Palo Alto Networks market cap in 2024 was $114.96B, surged 34.4% from 2023.
Palo Alto Networks Market Cap 2023: $85.56B
Palo Alto Networks market cap in 2023 was $85.56B, surged 74.0% from 2022.
Palo Alto Networks Market Cap 2022: $49.16B
Palo Alto Networks market cap in 2022 was $49.16B.
See more financial history for Palo Alto Networks (PANW).
Sector peers — Market Cap
Companies in the same sector as Palo Alto Networks, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| NVIDIA Corporation (NVDA) | $5.18T | Technology |
| Apple Inc. (AAPL) | $3.98T | Technology |
| Microsoft Corporation (MSFT) | $3.15T | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.03T | Technology |
| Broadcom Inc. (AVGO) | $1.89T | Technology |
| Micron Technology, Inc. (MU) | $568.70B | Technology |
| ASML Holding N.V. (ASML) | $533.63B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $522.87B | Technology |
Frequently asked questions
What is Palo Alto Networks's market cap?
- Latest reported market cap for Palo Alto Networks (PANW) is $126.18B (period ending January 31, 2026).
How has Palo Alto Networks market cap changed year-over-year?
- Palo Alto Networks (PANW) market cap changed +5.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Palo Alto Networks market cap?
- Palo Alto Networks (PANW) market cap compound annual growth rate is +27.5% over the most recent 5 years available.
When did Palo Alto Networks market cap hit its highest annual value?
- Palo Alto Networks market cap reached its highest annual value of $129.44B in 2026.
What was Palo Alto Networks market cap in 2025?
- Palo Alto Networks (PANW) market cap in 2025 was $123.13B.
What was Palo Alto Networks market cap in 2026?
- Palo Alto Networks (PANW) market cap in 2026 was $129.44B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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