Palo Alto Networks (PANW) Shares Outstanding (2011 - 2026)
Palo Alto Networks (PANW) posted Shares Outstanding (Entity) of $813.0 million for Q2 2026, up 15.65% on a QoQ basis from $703.0 million in Q1 2026, and up 22.09% year-over-year from $665.9 million in Q2 2025.
Analysis
Palo Alto Networks (PANW) Shares Outstanding (2011 - 2026) Analysis & Trends
Palo Alto Networks has reported Shares Outstanding (Entity) for 16 years, with the latest figure at $813.0 million in Q2 2026.
- On a quarterly basis, Shares Outstanding (Entity) rose 22.09% year-over-year to $813.0 million in Q2 2026; TTM through Apr 2026 was $813.0 million, a 22.09% increase from a year earlier, with the FY2025 full-year figure at $668.0 million, up 2.74% from the prior year.
- Shares Outstanding (Entity) was $813.0 million for Q2 2026 at Palo Alto Networks, up from $703.0 million in the prior quarter.
- The five-year high for Shares Outstanding (Entity) was $813.0 million in Q2 2026, with the low at $591.0 million in Q1 2022.
- Average Shares Outstanding (Entity) over 5 years is $647.3 million, with a median of $646.1 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Shares Outstanding (Entity) advanced 1.34% in 2022, then grew 22.09% in 2026.
- Over 5 years, Shares Outstanding (Entity) stood at $604.6 million in 2022, then gained by 3.77% to $627.4 million in 2023, then rose by 4.46% to $655.4 million in 2024, then climbed by 5.58% to $692.0 million in 2025, then gained by 17.49% to $813.0 million in 2026.
- The last three Shares Outstanding (Entity) figures came in at $813.0 million (Q2 2026), $703.0 million (Q1 2026), and $692.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 268.50 Bn | 265.38 Bn | 2.03 Bn | 801.00 Mn |
| 2 | CrowdStrike Holdings | 212.64 Bn | 207.62 Bn | 1.10 Bn | 1.02 Bn |
| 3 | Fortinet | 114.91 Bn | 110.84 Bn | 1.64 Bn | 733.10 Mn |
| 4 | Axon Enterprise | 40.83 Bn | 40.15 Bn | 546.45 Mn | 80.57 Mn |
| 5 | Zscaler | 26.03 Bn | 22.56 Bn | - | 160.22 Mn |
| 6 | F5 | 22.10 Bn | 20.49 Bn | 711.51 Mn | 56.73 Mn |
| 7 | Rubrik | 18.88 Bn | 17.13 Bn | 335.12 Mn | 206.10 Mn |
| 8 | Gen Digital | 17.82 Bn | 17.26 Bn | 1.03 Bn | 599.00 Mn |
| 9 | Check Point Software Technologies | 14.32 Bn | 12.04 Bn | 574.10 Mn | 107.26 Mn |
| 10 | SentinelOne | 6.64 Bn | 5.98 Bn | 210.42 Mn | 341.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 801.00 Mn |
| Jan 31, 2026 | 704.00 Mn |
| Oct 31, 2025 | 679.00 Mn |
| Jul 31, 2025 | 662.50 Mn |
| Apr 30, 2025 | 665.10 Mn |
| Jan 31, 2025 | 659.30 Mn |
| Oct 31, 2024 | 653.60 Mn |
| Jul 31, 2024 | 638.40 Mn |
| Apr 30, 2024 | 645.80 Mn |
| Jan 31, 2024 | 639.20 Mn |
| Oct 31, 2023 | 620.20 Mn |
| Jul 31, 2023 | 606.40 Mn |
| Apr 30, 2023 | 607.80 Mn |
| Jan 31, 2023 | 604.60 Mn |
| Oct 31, 2022 | 599.60 Mn |
| Jul 31, 2022 | 591.00 Mn |
| Apr 30, 2022 | 593.40 Mn |
| Jan 31, 2022 | 589.20 Mn |
| Oct 31, 2021 | 585.60 Mn |
| Jul 31, 2021 | 578.40 Mn |