Palo Alto Networks (PANW) Shares Outstanding (Entity) (2011 - 2026)
Palo Alto Networks' Shares Outstanding (Entity) came in at 815 million for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 22.0% from 668 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Shares Outstanding (Entity) (2011 - 2026) Analysis & Trends
Going back to fiscal Q1 2012, Palo Alto Networks' Shares Outstanding (Entity) data covers 60 quarters.
- Shares Outstanding (Entity) has increased in each of the last six fiscal years, with a five-year compound annual growth rate of 6.9% (FY2021 to FY2026).
- Going back by fiscal year, Shares Outstanding (Entity) was 668 million in FY2025 (+2.7%), 650.2 million in FY2024 (+5.4%), 616.6 million in FY2023 (+3.2%) and 597.6 million in FY2022 (+2.4%).
- The fiscal Q4 2026 figure represents the highest quarterly Shares Outstanding (Entity) in data going back to fiscal Q1 2012.
- Year-over-year, Shares Outstanding (Entity) has increased for 22 consecutive quarters, with growth averaging 8.6% over the last eight quarters.
- The year-over-year growth in Shares Outstanding (Entity) has ranged between 1.3% (fiscal Q2 2022) and 22.1% (fiscal Q3 2026) over the last five years.
- Business Quant data shows PANW's Shares Outstanding (Entity) at 813 million (Q3 2026), 703 million (Q2 2026) and 692 million (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | 815.00 Mn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | 1.02 Bn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | 733.60 Mn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | 352.46 Mn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 358.96 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 167.14 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | 163.06 Mn |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | 81.24 Mn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 80.56 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | 56.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 815.00 Mn |
| Apr 30, 2026 | 813.00 Mn |
| Jan 31, 2026 | 703.00 Mn |
| Oct 31, 2025 | 692.00 Mn |
| Jul 31, 2025 | 668.00 Mn |
| Apr 30, 2025 | 665.90 Mn |
| Jan 31, 2025 | 660.40 Mn |
| Oct 31, 2024 | 655.40 Mn |
| Jul 31, 2024 | 650.20 Mn |
| Apr 30, 2024 | 646.80 Mn |
| Jan 31, 2024 | 645.40 Mn |
| Oct 31, 2023 | 627.40 Mn |
| Jul 31, 2023 | 616.60 Mn |
| Apr 30, 2023 | 611.20 Mn |
| Jan 31, 2023 | 604.80 Mn |
| Oct 31, 2022 | 604.60 Mn |
| Jul 31, 2022 | 597.60 Mn |
| Apr 30, 2022 | 597.60 Mn |
| Jan 31, 2022 | 591.00 Mn |
| Oct 31, 2021 | 592.20 Mn |
API Access
Palo Alto Networks 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=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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-entity&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();