Palo Alto Networks (PANW) Market Cap 2012–2026

As of February 13, 2026, Palo Alto Networks had a market cap of $116.36 billion, which increased by 2.54% compared to the previous trading day. Market capitalization, often referred to as market cap, represents the total value of a company's outstanding shares on the stock market and is a common measure of its overall size and valuation.

Data updated: Feb 13, 2026, 4:00 PM ET
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Palo Alto Networks Inc. (PANW)

🌍 United States 📈 NASDAQ 🏭 Technology 🏢 Software
Latest Market Cap
$116.36B ▲ 2.54%
Jan 1, 2026
$128.39B ▼ 9.37%
1 Year Ago
$132.44B ▼ 12.14%
All-Time High
$148.08B ▼ 21.42%


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Note: Each point on the chart represents the market capitalization at the end of the trading day.
Source: Data compiled from EDGAR filings, Bloomberg and Yahoo Finance.


📈 Palo Alto Networks Market Cap History by Year and Month

Palo Alto Networks Market Cap History by Year and Month
Year / MonthMarket Cap% Change
2026$116.36B▼ 9.37%
$116.36B▼ 5.67%
$123.35B▼ 3.93%
2025$128.39B▲ 7.53%
2024$119.402B▲ 28.42%
2023$92.976B▲ 120.37%
2022$42.191B▼ 23.20%

All market cap values reflect closing prices for the period shown.


📊 Palo Alto Networks Market Cap and Other Industry Peers

Below are selected companies from the Technology sector / subsector:

  1. $2.98T
  2. $460.26B
  3. $177.77B
  4. $131.99B
  5. $116.36B
  6. $111.19B
  7. $111.14B
  8. $108.36B
  9. $108.31B
  10. $83.62B
  11. $81.51B
  12. $63.63B
  13. $49.02B
  14. $28.34B
  15. $14.37B
  16. $10.92B
  17. $6.31B
  18. $6.05B
  19. $4.98B
  20. $4.71B

Data reflect the most recent market capitalization values available.

💡 What Is Market Capitalization and How Do We Calculate It?

For Palo Alto Networks Inc. (PANW), market capitalization represents the total market value of the company’s publicly traded shares. It helps investors understand Palo Alto Networks’s size within the technology sector and compare it with other companies in the same industry.

In most cases, market capitalization is calculated by multiplying the current share price by the number of basic shares outstanding. Basic shares represent the actual number of common shares that currently exist, without including potential future shares from employee stock options, RSUs, warrants, or convertible securities. For example, if Palo Alto Networks had one million basic shares and each traded at $50, its market capitalization would be $50 million.

Formula:
Market Cap = Share Price × Shares Outstanding

The value of Palo Alto Networks’s market capitalization changes throughout the trading day because it mainly depends on the current share price. The number of shares outstanding typically remains stable unless the company issues new shares, buys back its own stock, or grants stock options to employees.

Based on the latest data, Palo Alto Networks had a market capitalization of $116.36 billion, placing it in the large-cap category within the technology industry.

Disclaimer: Despite all efforts, there may still be minor inaccuracies present in the data.