Palo Alto Networks (PANW) Shares Outstanding (Diluted Average) (2012 - 2026)

Palo Alto Networks has disclosed Shares Outstanding (Diluted Average) across 10 years of filings, most recently posting $711.0 million for Q1 2026.

• Shares Outstanding (Diluted Average) for Q1 2026 came in at $711.0 million, changed 0.28% year-over-year; the trailing twelve-month figure through Jan 2026 was $711.0 million (changed 0.28% YoY), and the FY2025 annual result was $709.3 million, changed 0.18% from the prior year.
• Shares Outstanding (Diluted Average) came in at $711.0 million for Q1 2026 at Palo Alto Networks, roughly flat from $709.0 million in the prior quarter.
• Over the last five years, Shares Outstanding (Diluted Average) for PANW reached as high as $715.0 million in Q1 2024 and fell as low as $589.0 million in Q1 2022.
• Median Shares Outstanding (Diluted Average) over the past 5 years was $707.4 million (2025), compared with a mean of $680.8 million.
• Year-over-year, Shares Outstanding (Diluted Average) grew 16.18% in 2023 and retreated 0.84% in 2025.
• Over 5 years, Shares Outstanding (Diluted Average) stood at $676.8 million in 2022, then grew by 3.37% to $699.6 million in 2023, then climbed by 1.34% to $709.0 million in 2024, then changed by 0.0% to $709.0 million in 2025, then grew by 0.28% to $711.0 million in 2026.
• Per Business Quant, the three latest PANW Shares Outstanding (Diluted Average) figures stand at $711.0 million (Q1 2026), $709.0 million (Q4 2025), and $709.3 million (Q3 2025).