What is Palo Alto Networks, Inc.'s shares (basic)?

Palo Alto Networks, Inc. (PANW) reported shares (basic) of 801M in Q1 2026.

How has Palo Alto Networks, Inc.'s shares (basic) changed year-over-year?

Palo Alto Networks, Inc.'s shares (basic) increased by 20.5% year-over-year, from 665M to 801M.

What is the long-term trend for Palo Alto Networks, Inc.'s shares (basic)?

Over 3 years (2022 to 2025), Palo Alto Networks, Inc.'s shares (basic) has grown at a 30.8% compound annual growth rate (CAGR), from 1.2B to 2.6B.

What does shares (basic) mean?

The time-weighted average number of common shares outstanding during the period, used as the denominator for basic EPS calculations.

Palo Alto Networks, Inc. PANW Shares (Basic)

Shares (Basic) at other companies

MicrosoftMSFT

7.4B-0.1%

Cisco Systems, Inc.CSCO

4B-0.5%

F5, Inc.FFIV

56.7M-2.0%

VirnetX Holding Corp VHC

3.8M+3.5%

Akamai TechnologiesAKAM

145.3M-2.5%

Qualys, Inc.QLYS

35.6M-2.4%

Other financials

Income statement

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Revenue$3.0B+31.1%

Gross profit$2.0B+21.4%

Operating income-$183.0M-184%

Net income-$177.0M-168%

EPS (diluted)-$0.22-159%

Balance sheet

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Cash & equivalents$2.4B-0.9%

Total debt$2.2B+206%

Total equity$27.7B+283%

Total assets$46.3B+110%

Cash flow

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Operating cash flow$871.0M+38.7%

CapEx$83.0M+22.1%

Free cash flow$788.0M+40.7%

Valuation

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Market cap$275.72B+105%

Enterprise value$275.58B+108%

P/E327.1×+219×

P/S26×+10.9×

Profitability

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Gross margin71.9%-1.6pp

Operating margin9.6%-1.5pp

Net margin7.9%-6.0pp

FCF margin35.8%+2.0pp

Returns & leverage

See full

Return on equity4.8%-16.3pp

Debt / equity0.1×0.0×

Current ratio0.9×0.0×

Where this comes from

Reported directly by Palo Alto Networks, Inc. in its filing.

Tagged under the XBRL concept us-gaap:WeightedAverageNumberOfSharesOutstandingBasic.

The official record: Palo Alto Networks, Inc.’s 10-Q, filed June 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Palo Alto Networks, Inc.'s shares (basic)?: Palo Alto Networks, Inc. (PANW) reported shares (basic) of 801M in Q1 2026.
How has Palo Alto Networks, Inc.'s shares (basic) changed year-over-year?: Palo Alto Networks, Inc.'s shares (basic) increased by 20.5% year-over-year, from 665M to 801M.
What is the long-term trend for Palo Alto Networks, Inc.'s shares (basic)?: Over 3 years (2022 to 2025), Palo Alto Networks, Inc.'s shares (basic) has grown at a 30.8% compound annual growth rate (CAGR), from 1.2B to 2.6B.
What does shares (basic) mean?: The time-weighted average number of common shares outstanding during the period, used as the denominator for basic EPS calculations.