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
DateValue
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