Shares Outstanding for Palo Alto Networks (PANW)
According to Palo Alto Networks's latest reported financial statements, the company's latest reported diluted shares outstanding is 713.00M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingShares OutstandingSwitch metric
Latest period
713.00M
YoY change
+0.2%
5Y CAGR
+4.1%
Peak year (2025)
709.30M
Latest annual
709.30M
Shares Outstanding history chart for Palo Alto Networks (PANW) from 2009 to 2025
Shares Outstanding history table for Palo Alto Networks (PANW) from 2009 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 709.30M | +0.2% | ||
| 2024 | 708.00M | +3.4% | ||
| 2023 | 684.60M | +15.8% | ||
| 2022 | 591.00M | +2.2% | ||
| 2021 | 578.40M | -0.5% | ||
| 2020 | 581.40M | +2.5% | ||
| 2019 | 567.00M | +3.1% | ||
| 2018 | 550.20M | +1.2% | ||
| 2017 | 543.60M | +4.0% | ||
| 2016 | 522.60M | +6.7% | ||
| 2015 | 489.60M | +9.8% | ||
| 2014 | 445.80M | +8.2% | ||
| 2013 | 412.09M | +3.0% | ||
| 2012 | 400.24M | +3.7% | ||
| 2011 | 385.97M | +16.4% | ||
| 2010 | 331.71M | 0.0% | ||
| 2009 | 331.71M | — |
Shares Outstanding values are taken from Palo Alto Networks's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Palo Alto Networks (PANW) diluted shares outstanding is 709.30M – edged up 0.2% year-over-year.
Palo Alto Networks diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is +4.1%, sustaining 4 straight years of year-over-year growth.
The dataset's maximum diluted shares outstanding sits at 709.30M (2025); the minimum reading of 331.71M dates to 2009.
Within Technology, Palo Alto Networks (PANW) ranks 8th among 8 peers we track. The peer median for diluted shares outstanding is 5.02B.
Palo Alto Networks Shares Outstanding by Year
Palo Alto Networks Shares Outstanding 2025: 709.30M
Palo Alto Networks diluted shares outstanding in 2025 was 709.30M, edged up 0.2% from 2024. This figure represents the highest annual value in the available history.
Palo Alto Networks Shares Outstanding 2024: 708.00M
Palo Alto Networks diluted shares outstanding in 2024 was 708.00M, edged up 3.4% from 2023.
Palo Alto Networks Shares Outstanding 2023: 684.60M
Palo Alto Networks diluted shares outstanding in 2023 was 684.60M, grew 15.8% from 2022.
Palo Alto Networks Shares Outstanding 2022: 591.00M
Palo Alto Networks diluted shares outstanding in 2022 was 591.00M, edged up 2.2% from 2021.
Palo Alto Networks Shares Outstanding 2021: 578.40M
Palo Alto Networks diluted shares outstanding in 2021 was 578.40M.
See more financial history for Palo Alto Networks (PANW).
Sector peers — Shares Outstanding
Companies in the same sector as Palo Alto Networks, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| NVIDIA Corporation (NVDA) | 24.43B | Technology |
| Apple Inc. (AAPL) | 15.00B | Technology |
| Microsoft Corporation (MSFT) | 7.46B | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | 5.19B | Technology |
| Broadcom Inc. (AVGO) | 4.85B | Technology |
| Advanced Micro Devices, Inc. (AMD) | 1.64B | Technology |
| Micron Technology, Inc. (MU) | 1.13B | Technology |
| ASML Holding N.V. (ASML) | 388.90M | Technology |
Frequently asked questions
What is Palo Alto Networks's diluted shares outstanding?
- Latest reported diluted shares outstanding for Palo Alto Networks (PANW) is 713.00M (period ending January 31, 2026).
How has Palo Alto Networks diluted shares outstanding changed year-over-year?
- Palo Alto Networks (PANW) diluted shares outstanding changed +0.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Palo Alto Networks diluted shares outstanding?
- Palo Alto Networks (PANW) diluted shares outstanding compound annual growth rate is +4.1% over the most recent 5 years available.
When did Palo Alto Networks diluted shares outstanding hit its highest annual value?
- Palo Alto Networks diluted shares outstanding reached its highest annual value of 709.30M in 2025.
What was Palo Alto Networks diluted shares outstanding in 2024?
- Palo Alto Networks (PANW) diluted shares outstanding in 2024 was 708.00M.
What was Palo Alto Networks diluted shares outstanding in 2025?
- Palo Alto Networks (PANW) diluted shares outstanding in 2025 was 709.30M.
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