Palo Alto Networks, Inc.
$357.66-1.02Market Cap
$312.8B
Global Rank
#45
All-Time High
$313.8B
2026-08-10
Total Growth
+0%
since 2026
Market Cap Context
- Larger than 88% of the 367 companies we track (globally).
- Equivalent to 1.0% of United States's GDP (2025 data).
- Just above: #44 Alibaba Group Holding Limited ($315.1B)
- Just below: #46 Netflix, Inc. ($311.4B)
- Best year: 2014 (+113%). Worst year: 2016 (-29%).
Palo Alto Networks, Inc. Financial Breakdown (FY 2025)
Source: Yahoo Finance โ PANW annual filings (2025) โ$9.2B revenue ยท $1.2B operating income ยท $1.1B net income
- โOperating margin: 13.5% on $9.2B in revenue.
- โR&D is 21.5% of revenue ($2.0B).
- โNet income margin: 12.3% โ $1.1B in profit.
- โFree cash flow: $3.5B (37.6% of revenue).
Cost / Operating Expenses
Total operating expenses $8.0B
Total
$8.0B
Capital Expenditures
$0.2B
This fiscal year (near-total AI infrastructure buildout)
Free Cash Flow
$3.5B
Trailing twelve months
Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.
Fundamentals (TTM)
Data: Financial Modeling PrepP/E
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EPS
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Net margin
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ROE
โ
Dividend yield
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Debt / Equity
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About Palo Alto Networks, Inc.
Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organization of the World Economic Forum.
Palo Alto Networks, Inc. Market Cap History (2026โ2026)
Palo Alto Networks, Inc. vs Sector Peers by Market Cap
Compare Palo Alto Networks, Inc.
Ranking History
| Year | Market Cap | Rank | YoY Change |
|---|---|---|---|
| 2026 | $312.8B | #45(โ64) | +108.4% |
| 2025 | $150.1B | #109(โ24) | +1.2% |
| 2024 | $148.3B | #85(โ3) | +23.4% |
| 2023 | $120.2B | #88(โ73) | +111.3% |
| 2022 | $56.9B | #161(โ30) | -24.8% |
| 2021 | $75.6B | #131(โ47) | +56.7% |
| 2020 | $48.3B | #178(โ36) | +53.7% |
| 2019 | $31.4B | #214(โ3) | +22.8% |
| 2018 | $25.6B | #211(โ28) | +30.0% |
| 2017 | $19.7B | #239(โ11) | +15.9% |
| 2016 | $17.0B | #228(โ55) | -29.0% |
| 2015 | $23.9B | #173(โ42) | +43.7% |
| 2014 | $16.6B | #215(โ49) | +113.3% |
| 2013 | $7.8B | #264(โ28) | +7.4% |
| 2012 | $7.3B | #236 |
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FAQ
What is Palo Alto Networks, Inc.'s market cap?
Palo Alto Networks, Inc. (PANW) has a market capitalization of $312.8B, making it the #45 largest company in the world by market cap.
What was Palo Alto Networks, Inc.'s highest market cap?
Palo Alto Networks, Inc.'s all-time high market cap was $313.8B, reached in 2026-08-10. Its highest rank was #45 in 2026.
What sector is Palo Alto Networks, Inc. in?
Palo Alto Networks, Inc. is in the Technology sector, specifically the Software - Infrastructure industry. It is based in United States.
How has Palo Alto Networks, Inc.'s market cap changed over time?
Palo Alto Networks, Inc. has been tracked since 2026. Its market cap has grown by 0% from $312.8B in 2026 to $312.8B today.