PANW Shares Outstanding History — Palo Alto Networks Share Count Over Time

As of 2/11/2026 Palo Alto Networks has 816.00 million PANW shares outstanding. Investors often track the PANW shares outstanding history to compare shareholder return trends against the change in share count over time.

This page shows PANW share count trends over time, with 54 historical shares outstanding datapoints presented, dating back to 9/30/2012.

Quick links: Shares Outstanding History Table  |  Shares Outstanding History Chart  |  About Palo Alto Networks
PANW Shares Outstanding History



Below is a table of the PANW shares outstanding history going back to 9/30/2012:

Date PANW Shares Outstanding
9/30/2012407.36M
11/30/2012410.70M
2/28/2013414.79M
5/15/2013426.82M
9/10/2013430.00M
11/15/2013434.95M
2/10/2014444.39M
5/12/2014462.46M
9/10/2014477.77M
11/17/2014483.28M
2/18/2015493.64M
5/18/2015501.96M
9/1/2015510.05M
11/16/2015515.45M
2/17/2016530.22M
5/17/2016537.62M
8/24/2016545.10M
11/11/2016550.12M
2/16/2017552.22M
5/17/2017550.94M
8/24/2017551.05M
11/10/2017551.33M
2/15/2018551.09M
5/18/2018557.28M
8/30/2018562.94M
11/20/2018569.29M
2/14/2019562.40M
5/16/2019575.85M
8/23/2019581.94M
11/13/2019587.74M
2/14/2020598.23M
5/14/2020578.80M
8/21/2020578.24M
11/13/2020571.27M
2/12/2021583.46M
5/13/2021584.35M
8/23/2021584.44M
10/25/2021584.44M
11/12/2021592.00M
2/14/2022590.91M
5/12/2022597.81M
8/22/2022598.43M
11/10/2022604.71M
2/10/2023605.22M
8/18/2023617.19M
2/12/2024646.20M
5/10/2024647.60M
8/19/2024651.20M
11/13/2024656.20M
2/7/2025662.10M
5/9/2025666.80M
8/18/2025668.90M
11/11/2025697.00M
2/11/2026816.00M

Also see: PANW Market Cap History
PANW YTD Return
PANW Historical Shares Outstanding:
+5.33% CAGR
PANW Historical Shares Outstanding: +5.33% CAGR

Mouse over chart for data details
9/30/2012 ...2/11/2026
Palo Alto Networks, Inc. is a global cybersecurity provider. Co.'s cybersecurity platforms and services help secure enterprise users, networks, clouds and endpoints by delivering cybersecurity backed by artificial intelligence and automation. It focuses on delivering value in four areas: Network Security, Cloud Security, Security Operations and Threat Intelligence and Security Consulting. Its network security platform delivers complete zero trust solutions to its customers. It enables cloud-native security through its Prisma Cloud platform. We show 54 historical shares outstanding datapoints in our coverage of PANW's shares outstanding history.

Understanding the changing numbers of PANW shares outstanding — and comprehending the concept of differing number of shares outstanding in general comparing companies like PANW versus peers — is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies. Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history. With this page we aim to empower investors researching PANW by allowing them to research PANW shares outstanding history as well as any other stock in our coverage universe.
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Video: Shares Outstanding Importance
Palo Alto Networks (PANW) is categorized under the Technology sector; to help you further research historical shares outstanding numbers, below are some other companies in the same sector:

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