Fortinet (FTNT) Shares Outstanding (Diluted Average) (2010 - 2026)
Fortinet (FTNT) recorded quarterly Shares Outstanding (Diluted Average) of $742.8 million in Q1 2026, down 2.85% quarter-over-quarter from $764.6 million in Q4 2025, and down 4.38% on a YoY basis from $776.8 million in Q1 2025.
Fortinet (FTNT) Shares Outstanding (Diluted Average) (2010 - 2026) Analysis & Trends
Fortinet's Shares Outstanding (Diluted Average) history runs 17 years deep, the most recent figure standing at $742.8 million for Q1 2026.
- In Q1 2026, Shares Outstanding (Diluted Average) fell 4.38% year-over-year to $742.8 million; the TTM figure through Mar 2026 stood at $742.8 million (down 4.38% YoY), while the FY2025 annual figure was $764.6 million, down 0.95% from the prior year.
- Shares Outstanding (Diluted Average) was $742.8 million for Q1 2026 at Fortinet, down from $764.6 million in the prior quarter.
- In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $820.8 million in Q1 2022 to a low of $742.8 million in Q1 2026.
- Historically, Shares Outstanding (Diluted Average) has averaged $782.7 million across 5 years, with a median of $776.8 million in 2025.
- Biggest YoY gain for Shares Outstanding (Diluted Average) was 393.27% in 2022; the steepest drop was 4.77% in 2022.
- A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $805.3 million in 2022, then fell by 2.12% to $788.2 million in 2023, then decreased by 2.07% to $771.9 million in 2024, then slipped by 0.95% to $764.6 million in 2025, then decreased by 2.85% to $742.8 million in 2026.
- The last three Shares Outstanding (Diluted Average) figures came in at $742.8 million (Q1 2026), $764.6 million (Q4 2025), and $761.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | - |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 10.00 |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | - |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 2.57 Bn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 713.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 250.58 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 742.80 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 190.76 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 352.63 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 527.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 742.80 Mn |
| Dec 31, 2025 | 764.60 Mn |
| Sep 30, 2025 | 761.20 Mn |
| Jun 30, 2025 | 774.80 Mn |
| Mar 31, 2025 | 776.80 Mn |
| Dec 31, 2024 | 771.90 Mn |
| Sep 30, 2024 | 771.90 Mn |
| Jun 30, 2024 | 769.90 Mn |
| Mar 31, 2024 | 770.50 Mn |
| Dec 31, 2023 | 788.20 Mn |
| Sep 30, 2023 | 791.20 Mn |
| Jun 30, 2023 | 794.70 Mn |
| Mar 31, 2023 | 793.40 Mn |
| Dec 31, 2022 | 805.30 Mn |
| Sep 30, 2022 | 798.60 Mn |
| Jun 30, 2022 | 810.10 Mn |
| Mar 31, 2022 | 820.80 Mn |
| Dec 31, 2021 | 835.30 Mn |
| Sep 30, 2021 | 838.60 Mn |
| Jun 30, 2021 | 833.70 Mn |