With a market capitalization (market cap) of $305.41B — a measure of how much the company is worth — Palo Alto Networks, Inc. ranks #43 among the 2,522 companies tracked, and 18th in Technology as of September 25, 2026. Shares trade at $374.74, down 3.89% on the day.
of 2,522 tracked
Market-cap change uses historical capitalization records. Share-price returns are a different series — they can diverge when the share count changes. Those returns are not a CAGR until you pick a start value, an ending value, and years. CAGR calculator. Market cap vs. stock price.
Year-end values and the chart both come from historical market-cap records, not from applying today's share count to past prices. Latest historical observation September 25, 2026. Ranking headline cap is the snapshot figure as of September 25, 2026.
| Year | As of | Market cap | Annual change | Year-end close |
|---|---|---|---|---|
| 2026 | Sep 25, 2026 | $280.68B | +119.25% | $374.74 |
| 2025 | Dec 31, 2025 | $128.02B | +6.71% | $184.20 |
| 2024 | Dec 31, 2024 | $119.97B | +27.29% | $181.96 |
| 2023 | Dec 29, 2023 | $94.24B | +123.42% | $147.44 |
Ranking figure $305.41B as of September 25, 2026.
Palo Alto Networks, Inc.'s ranking market cap is the provider-reported capitalization on the same snapshot as the rest of this site, with a share price of $374.74 as of September 25, 2026. Charts and the year-end table use a separate historical market-cap series, last observed at $280.68B on September 25, 2026. See how the ranking works.
The ranking snapshot ($305.41B as of September 25, 2026) is FMP company-screener market cap. The historical observation ($280.68B on September 25, 2026) is FMP historical-market-capitalization for the same ticker. Showing the same calendar date does not make them the same observation: ranking as-of is a snapshot timestamp displayed as a date, and the historical series is a date-stamped point. The live quote market cap agrees with the ranking snapshot. This page does not replace one series with the other.
Live shares outstanding are not on the quote used for price, so this page does not invent a current share count. Shares outstanding vs. float.
The latest annual report (FY 2026) used a weighted-average 749,000,000 shares. That figure is an average for the year, not the live count in the market-cap formula.
Multiplying the latest price by those FY 2026 weighted-average shares would give about $280.68B. The ranking uses the provider's reported market cap instead, which reflects a current share count rather than that annual average.
Book equity: assets minus liabilities on the latest annual report.
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FY 2026 net worth
Largest U.S.-listed names in the same FMP sector — not a hand-picked competitor set.
| Rank | Company | Market cap | 1D |
|---|---|---|---|
| #1 | NVIDIA Corporation NVDA | $5.45T | +0.22% |
| #2 | Apple Inc. AAPL | $5.01T | +1.53% |
| #4 | Microsoft Corporation |
Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments.
Summary from the company profile (Financial Modeling Prep). Principal financial figures above are for FY 2026.
Visit websiteAs of September 25, 2026, Palo Alto Networks, Inc. (PANW) is worth $305.41B — that is its market capitalization, the total value of its outstanding shares on MarketCapLens.
A company’s net worth is its shareholders’ equity: assets minus liabilities on the balance sheet. That is book equity, not market cap. For FY 2026, Palo Alto Networks, Inc.’s book equity is about $27.49B. Market cap is the market value of the outstanding shares. As of September 25, 2026, its market cap is $305.41B. Book equity is an accounting remainder; market cap is a trading value. Neither is a person’s net worth.
Palo Alto Networks, Inc. ranks #43 among the 2,522 companies tracked on MarketCapLens. In Technology it ranks #18 of 394.
Fundamentals are annual. Figures labeled with their fiscal year. Live ratios use the current price against those annual earnings.
Over the past year, market cap and share price moved by different amounts. Share count can change independently of price. What changes market cap.
| 2022 |
|---|
| Dec 30, 2022 |
| $42.18B |
| -22.21% |
| $69.77 |
| 2021 | Dec 31, 2021 | $54.22B | — | $92.79 |
|---|
Last observation of each calendar year from historical market-cap records. The current year is through the latest date, not a completed year-end. Share-price close is the matching session for context — we do not rebuild cap from today's share count.
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FY 2026
| $3.83T |
| +3.66% |
| #6 | Taiwan Semiconductor Manufacturing Company Limited TSM | $2.34T | -0.12% |
| #9 | Broadcom Inc. AVGO | $1.68T | +0.70% |
| #11 | SK hynix Inc. SKHY | $1.36T | +2.70% |
Companies immediately above and below in the overall ranking. They may be in a different sector.
| Rank | Company | Market cap | 1D |
|---|---|---|---|
| #40 | GE Aerospace GE | $339.38B | +2.29% |
| #41 | Arm Holdings plc American Depositary Shares ARM | $331.42B | +1.30% |
| #42 | Morgan Stanley MS | $309.64B | -0.01% |
| #44 | Philip Morris International Inc. PM | $296.88B | -0.53% |
| #45 | Netflix, Inc. NFLX | $296.24B | -0.80% |
| #46 | The Home Depot, Inc. HD | $292.35B | +0.35% |
Palo Alto Networks, Inc.’s ranking market cap of $305.41B comes from the same snapshot as the rest of this site, as of September 25, 2026. It is not share price multiplied by the FY 2026 weighted-average share count of 749,000,000. The ranking snapshot ($305.41B as of September 25, 2026) is FMP company-screener market cap. The historical observation ($280.68B on September 25, 2026) is FMP historical-market-capitalization for the same ticker. Showing the same calendar date does not make them the same observation: ranking as-of is a snapshot timestamp displayed as a date, and the historical series is a date-stamped point. The live quote market cap agrees with the ranking snapshot. This page does not replace one series with the other.
Over the past year, Palo Alto Networks, Inc.’s market cap is up 104.43%, using historical market-cap records rather than today’s share count applied to past prices.
Palo Alto Networks, Inc. (PANW) shares trade at $374.74, down 3.89% on the day, as of September 25, 2026.
Palo Alto Networks, Inc. trades at a live price-to-earnings (P/E) ratio of 814.7, using the latest share price divided by the latest annual earnings per share. That is not the same as a fiscal-year reported P/E.