SuperworthPalo Alto Networks shares outstanding PANW
Diluted shares outstanding, averaged over each quarter, from 2011.
- Latest quarter, to Jul 31, 2026
- 817M
- On a year earlier
- +15.2%
- more shares
Palo Alto Networks had 817M diluted shares outstanding on average in Q4 FY26, the quarter to Jul 31, 2026.
That is 15.2% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2026 | 817M | +15% |
| FY2025 | 709M | +0% |
| FY2024 | 707.8M | −0% |
| FY2023 | 709M | +5% |
| FY2022 | 672.6M | +15% |
| FY2021 | 583.2M | +1% |
| FY2020 | 576M | +0% |
| FY2019 | 574.2M | +3% |
| FY2018 | 557.4M | +2% |
| FY2017 | 545.4M | +2% |
| FY2016 | 533.4M | +6% |
| FY2015 | 503.8M | +8% |
| FY2014 | 466.5M | +10% |
| FY2013 | 424.6M | +167% |
| FY2012 | 159.1M | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q4 FY26 | 817M | +15% | |
| Q3 FY26 | 801M | +13% | |
| Q2 FY26 | 711M | +0% | |
| Q1 FY26 | 709M | +0% | |
| Q4 FY25 | 709M | +0% | |
| Q3 FY25 | 707.4M | −0% | |
| Q2 FY25 | 709M | −1% | |
| Q1 FY25 | 709M | +1% | |
| Q4 FY24 | 707.8M | −0% | |
| Q3 FY24 | 709.3M | +3% | |
| Q2 FY24 | 715M | +8% | |
| Q1 FY24 | 699.6M | +3% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Palo Alto Networks
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.