Palo Alto Networks (PANW) Shares Outstanding (2011 - 2026)
Palo Alto Networks (PANW) recorded Shares Outstanding of 749 million in fiscal Q4 2026 (quarter ended Jul 31, 2026), up 13.1% from 662.5 million a year earlier but down 6.5% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Shares Outstanding (2011 - 2026) Analysis & Trends
Starting with fiscal Q1 2012, Palo Alto Networks' Shares Outstanding history includes 60 quarters.
- Annual Shares Outstanding has increased for five straight fiscal years, with a five-year compound annual growth rate of 5.3% (FY2021 to FY2026).
- Across earlier fiscal years, Shares Outstanding came in at 662.5 million in FY2025 (+3.8%), 638.4 million in FY2024 (+5.3%), 606.4 million in FY2023 (+2.6%) and 591 million in FY2022 (+2.2%).
- Quarterly Shares Outstanding has ranged from 585.6 million in fiscal Q1 2022 to 801 million in fiscal Q3 2026 over the past five years.
- On a year-over-year basis, Shares Outstanding has increased for 20 consecutive quarters, with growth averaging 7.4% over the last eight quarters.
- Over the past five years, the year-over-year growth in Shares Outstanding ranged from 2.1% (fiscal Q3 2022) to 20.4% (fiscal Q3 2026).
- Per Business Quant, the preceding three fiscal quarters came in at 801 million (Q3 2026), 704 million (Q2 2026) and 679 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 305.41 Bn | 290.49 Bn | 2.30 Bn | 749.00 Mn |
| 2 | CrowdStrike Holdings | 258.16 Bn | 238.60 Bn | 1.10 Bn | 1.02 Bn |
| 3 | Fortinet | 127.25 Bn | 113.18 Bn | 1.64 Bn | 733.10 Mn |
| 4 | Snowflake | 118.44 Bn | 105.76 Bn | 1.04 Bn | 349.26 Mn |
| 5 | Datadog | 96.25 Bn | 77.89 Bn | 881.34 Mn | 356.25 Mn |
| 6 | Axon Enterprise | 34.94 Bn | 29.46 Bn | 546.45 Mn | 80.57 Mn |
| 7 | MongoDB | 33.06 Bn | 23.53 Bn | 569.77 Mn | 80.50 Mn |
| 8 | Okta | 32.62 Bn | 22.72 Bn | 641.00 Mn | 174.30 Mn |
| 9 | Zscaler | 31.48 Bn | 17.60 Bn | - | 160.22 Mn |
| 10 | Baidu | 29.71 Bn | -43.91 Bn | 1.47 Mn | 34.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 749.00 Mn |
| 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 |
API Access
Palo Alto Networks Shares Outstanding 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&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "PANW", "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&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();