Fortinet (FTNT) Shares Outstanding (Entity) (2010 - 2026)
Fortinet's Shares Outstanding (Entity) was 733.6 million in Q2 2026, down 4.2% from 765.6 million a year earlier and down 0.1% from the prior quarter.
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Analysis
Fortinet (FTNT) Shares Outstanding (Entity) (2010 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Entity) at Fortinet came in at 743 million, down 3.1% from FY2024.
- Shares Outstanding (Entity) shows a five-year compound annual growth rate of -1.8% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Entity) was 767 million in FY2024 (+0.8%), 761 million in FY2023 (-2.6%), 781.5 million in FY2022 (-3.5%) and 810 million in FY2021 (-0.3%).
- The Q2 2026 figure marks the lowest quarterly Shares Outstanding (Entity) since Q3 2010.
- Compared with a year earlier, Shares Outstanding (Entity) has declined for four straight quarters, with an average decline of 1.8% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Entity) over five years was Q4 2024 (growth of 0.8%); the worst was Q1 2026 (a decline of 4.6%).
- Per Business Quant data, FTNT's Shares Outstanding (Entity) in the three quarters before Q2 2026 was 734 million (Q1 2026), 743 million (Q4 2025) and 742.9 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn | 815.00 Mn |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn | 1.02 Bn |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn | 733.60 Mn |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn | 352.46 Mn |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn | 358.96 Mn |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - | 163.06 Mn |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn | 167.14 Mn |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn | 81.24 Mn |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn | 80.56 Mn |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn | 56.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 733.60 Mn |
| Mar 31, 2026 | 734.00 Mn |
| Dec 31, 2025 | 743.00 Mn |
| Sep 30, 2025 | 742.90 Mn |
| Jun 30, 2025 | 765.60 Mn |
| Mar 31, 2025 | 769.20 Mn |
| Dec 31, 2024 | 767.00 Mn |
| Sep 30, 2024 | 765.70 Mn |
| Jun 30, 2024 | 764.20 Mn |
| Mar 31, 2024 | 763.20 Mn |
| Dec 31, 2023 | 761.00 Mn |
| Sep 30, 2023 | 776.30 Mn |
| Jun 30, 2023 | 785.60 Mn |
| Mar 31, 2023 | 784.40 Mn |
| Dec 31, 2022 | 781.50 Mn |
| Sep 30, 2022 | 780.10 Mn |
| Jun 30, 2022 | 788.40 Mn |
| Mar 31, 2022 | 801.50 Mn |
| Dec 31, 2021 | 810.00 Mn |
| Sep 30, 2021 | 817.00 Mn |
API Access
Fortinet Shares Outstanding (Entity) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-entity&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-entity&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();