Fortinet (FTNT) Shares Outstanding (2010 - 2026)
Fortinet (FTNT) recorded quarterly Shares Outstanding of $734.0 million in Q1 2026, down 1.21% quarter-over-quarter from $743.0 million in Q4 2025, and down 4.58% on a YoY basis from $769.2 million in Q1 2025.
Fortinet (FTNT) Shares Outstanding (2010 - 2026) Analysis & Trends
Fortinet's Shares Outstanding history runs 17 years deep, the most recent figure standing at $734.0 million for Q1 2026.
- In Q1 2026, Shares Outstanding fell 4.58% year-over-year to $734.0 million; the TTM figure through Mar 2026 stood at $734.0 million (down 4.58% YoY), while the FY2025 annual figure was $743.0 million, down 3.13% from the prior year.
- Shares Outstanding was $734.0 million for Q1 2026 at Fortinet, down from $743.0 million in the prior quarter.
- In the past five years, Shares Outstanding ranged from a high of $801.3 million in Q1 2022 to a low of $734.0 million in Q1 2026.
- Historically, Shares Outstanding has averaged $769.0 million across 5 years, with a median of $767.0 million in 2024.
- The sharpest annual moves came in 2024 and 2026: Shares Outstanding climbed 0.79% in 2024, then dropped 4.58% in 2026.
- A 5-year view of Shares Outstanding shows it stood at $781.5 million in 2022, then slipped by 2.62% to $761.0 million in 2023, then gained by 0.79% to $767.0 million in 2024, then retreated by 3.13% to $743.0 million in 2025, then slipped by 1.21% to $734.0 million in 2026.
- The last three Shares Outstanding figures came in at $734.0 million (Q1 2026), $743.0 million (Q4 2025), and $742.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 7.43 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 2.88 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 2.40 Bn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 703.00 Mn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 253.36 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 734.00 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 191.45 Mn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 319.28 Mn |
| 10 | CoreWeave | 51.85 Bn | 49.58 Bn | 2.01 Bn | 104.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 734.00 Mn |
| Mar 31, 2026 | 734.00 Mn |
| Mar 31, 2026 | 734.00 Mn |
| Mar 31, 2026 | 734.00 Mn |
| Mar 31, 2026 | 734.00 Mn |
| Mar 31, 2026 | 734.00 Mn |
| Mar 31, 2026 | 734.00 Mn |
| Mar 31, 2026 | 734.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Sep 30, 2025 | 742.90 Mn |
| Sep 30, 2025 | 742.90 Mn |
| Sep 30, 2025 | 742.90 Mn |
| Sep 30, 2025 | 742.90 Mn |