Palo Alto Networks (PANW) Stock Buyback History
TTM buyback yield N/A.
TTM buyback yield
N/A
Shareholder yield (TTM)
N/A
5Y share count change
22.0%
TTM buyback spend
N/A
SBC coverage (TTM)
0.00x
Diluted vs basic shares (annual)
Weighted average shares from the income statement: diluted (EPS denominator and typical buyback-yield basis) compared with basic.
Shares outstanding (annual)
Year-over-year change in diluted weighted average shares (industry-standard for EPS and per-share capital return). Green is fewer shares vs the prior fiscal year; red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield
Buybacks vs stock-based compensation
TTM coverage: 0.00x (buybacks ÷ SBC). Bars are fiscal-year totals.
Buyback spending history
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $0.00 | $1.30B | −$1.30B | 0.71B | 0.2% | — |
| 2024 | $566.70M | $1.08B | −$508.70M | 0.71B | 3.4% | 0.49% |
| 2023 | $272.70M | $1.07B | −$801.80M | 0.68B | 15.8% | 0.36% |
| 2022 | $892.30M | $1.01B | −$118.80M | 0.59B | 2.2% | 1.57% |
| 2021 | $1.18B | $894.50M | $283.60M | 0.58B | -0.5% | 3.04% |
| 2020 | $1.20B | $658.40M | $539.70M | 0.58B | 2.5% | 4.88% |
| 2019 | $330.00M | $567.70M | −$237.70M | 0.57B | 3.1% | 1.52% |
| 2018 | $259.10M | $496.70M | −$237.60M | 0.55B | 1.2% | 1.41% |
| 2017 | $411.00M | $474.50M | −$63.50M | 0.54B | 4.0% | 3.43% |
| 2016 | $0.00 | $392.80M | −$392.80M | 0.52B | 6.7% | — |
| 2015 | $0.00 | $221.31M | −$221.31M | 0.49B | 9.8% | — |
| 2014 | $132.00K | $99.77M | −$99.64M | 0.45B | 8.2% | 0.00% |
| 2013 | $2.78M | $43.70M | −$40.93M | 0.41B | 3.0% | 0.08% |
| 2012 | $82.00K | $13.84M | −$13.76M | 0.40B | 3.7% | 0.00% |
| 2011 | $90.00K | $4.73M | −$4.64M | 0.39B | 16.4% | 0.00% |
| 2010 | $24.00K | $869.00K | −$845.00K | 0.33B | 0.0% | — |
| 2009 | $0.00 | $374.00K | −$374.00K | 0.33B | — | — |
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
TTM buybacks vs headroom (FCF − dividends, TTM)0% of headroom
Headroom $4.07B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Does Palo Alto Networks buy back its own stock?
- Yes, Palo Alto Networks (PANW) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
Is Palo Alto Networks diluting shareholders?
- Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Palo Alto Networks's share count changed?
- Diluted weighted average shares changed by about 22.0% over roughly five fiscal years (annual income statement data).