Supply breakdown
Shares as of Aug 31, 2026| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 818.00M | 100.0% | $278.95B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | 0 | 0.0% | $0 | Unavailable |
| Other restricted | 0 | 0.0% | $0 | Unavailable |
| Total outstanding | 818.00M | 100.0% | $278.95B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F) | 668.47M | 81.7% | $227.96B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: circulating + locked team + other restricted = total outstanding reconciles.
Valuation
- Traditional$278.95B
- Fully diluted$284.07B
- Circulating$278.95B
- Free float-
- Locked team value$0
- Other restricted value$0
Locked and restricted shares
Not reviewed yet.
Institutional holders
| Holder | Shares | % of total |
|---|---|---|
| BlackRock, Inc. | 75.75M | 9.26% |
| VANGUARD CAPITAL MANAGEMENT LLC | 53.13M | 6.50% |
| STATE STREET CORP | 36.98M | 4.52% |
| MORGAN STANLEY | 29.45M | 3.60% |
| Invesco Ltd. | 25.65M | 3.14% |
| BANK OF AMERICA CORP /DE/ | 22.68M | 2.77% |
| JPMORGAN CHASE & CO | 21.72M | 2.65% |
| FMR LLC | 20.05M | 2.45% |
| GEODE CAPITAL MANAGEMENT, LLC | 19.62M | 2.40% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 19.35M | 2.37% |
Insiders
Forms 3, 4 and 5Form 4 aggregation pending
Share classes
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Common stock | PANW on Nasdaq | 818,000,000 | Aug 31, 2026 |
Notes and sources
- Palo Alto Networks Inc 10-K for period ended 2026-07-31, Cover page (0001327567-26-000023)
- SEC public float (non-affiliates): $123.40B as of Jan 31, 2026, from the 10-K cover. It is a dollar value at a past date, not circulating supply.