Latest period
744M
YoY change
+0.2%
5Y CAGR
+4.1%
Peak year (FY2025)
709M
Latest annual
709M
Shares Outstanding history chart for Palo Alto Networks (PANW) from 2016 to 2025
Latest: 709M
Shares Outstanding growth chart for Palo Alto Networks (PANW) from 2016 to 2025
Latest: +0.2%
Shares Outstanding history table for Palo Alto Networks (PANW) from 2009 to 2025
| FY2025 | 709M | +0.2% | +1.3M | ||
| FY2024 | 708M | +3.4% | +23.4M | ||
| FY2023 | 685M | +15.8% | +93.6M | ||
| FY2022 | 591M | +2.2% | +12.6M | ||
| FY2021 | 578M | -0.5% | -3M | ||
| FY2020 | 581M | +2.5% | +14.4M | ||
| FY2019 | 567M | +3.1% | +16.8M | ||
| FY2018 | 550M | +1.2% | +6.6M | ||
| FY2017 | 544M | +4.0% | +21M | ||
| FY2016 | 523M | +6.7% | +33M | ||
| FY2015 | 490M | +9.8% | +43.8M | ||
| FY2014 | 446M | +8.2% | +33.7M | ||
| FY2013 | 412M | +3.0% | +11.8M | ||
| FY2012 | 400M | +3.7% | +14.3M | ||
| FY2011 | 386M | +16.4% | +54.3M | ||
| FY2010 | 332M | 0.0% | 0 | ||
| FY2009 | 332M | — | — |
- FY2025709M+0.2%
- FY2024708M+3.4%
- FY2023685M+15.8%
- FY2022591M+2.2%
- FY2021578M-0.5%
- FY2020581M+2.5%
- FY2019567M+3.1%
- FY2018550M+1.2%
- FY2017544M+4.0%
- FY2016523M+6.7%
- FY2015490M+9.8%
- FY2014446M+8.2%
- FY2013412M+3.0%
- FY2012400M+3.7%
- FY2011386M+16.4%
- FY2010332M0.0%
- FY2009332M—
Shares Outstanding values are taken from Palo Alto Networks's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Shares Outstanding at Palo Alto Networks (PANW)
According to Palo Alto Networks's latest reported financial statements, the company's latest reported diluted shares outstanding is 744M. 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 .
The 2025 reading of Palo Alto Networks (PANW) diluted shares outstanding is 709M – 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 record annual diluted shares outstanding stands at 709M, reached in 2025; the historical low of 332M was recorded in 2009.
Palo Alto Networks Shares Outstanding by Year
Palo Alto Networks Shares Outstanding 2025: 709M
In 2025, Palo Alto Networks reported diluted shares outstanding of 709M, edged up 0.2% from 2024. This figure represents the highest annual value in the available history.
Palo Alto Networks Shares Outstanding 2024: 708M
Palo Alto Networks diluted shares outstanding in 2024 was 708M, edged up 3.4% from 2023.
Palo Alto Networks Shares Outstanding 2023: 685M
2023's diluted shares outstanding for Palo Alto Networks came in at 685M, grew 15.8% from 2022.
Palo Alto Networks Shares Outstanding 2022: 591M
Palo Alto Networks posted diluted shares outstanding of 591M in 2022, edged up 2.2% from 2021.
Palo Alto Networks Shares Outstanding 2021: 578M
Palo Alto Networks diluted shares outstanding in 2021 was 578M.
See more financial history for Palo Alto Networks (PANW).
Sector peers by Shares Outstanding
Technology peers of Palo Alto Networks (PANW), ranked by their latest diluted shares outstanding
| 24.5B | |
| 15B | |
| 7.45B | |
| 7.06B | |
| 5.19B | |
| 4.85B | |
| 1.64B | |
| 1.13B |
- 24.5B
- 15B
- 7.45B
- 7.06B
- 5.19B
- 4.85B
- 1.64B
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Palo Alto Networks (PANW) Key Financials
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How this company returns cash to shareholders — buybacks, dividends, and stock splits.