Fortinet (FTNT) Stock Buybacks: 16.3% of Shares Retired Since 2016

Name: Fortinet (FTNT) shares outstanding since 2009, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

Shares outstanding, 2009 to todaysplit adjusted, from SEC filings

2009, 672,880,2202026-07-28, 733,713,653

A share bought in 2010

1.0× more of Fortinet today, without buying another share. It was one of 743,815,000 shares then. It is one of 733,713,653 now.

Every filing we read17 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
2009	2010-03-01	672,880,220	10-K	cover page
2010	2010-12-31	743,815,000	10-K/A
2011	2012-02-17	781,815,035	10-K/A
2012	2013-02-20	808,039,760	10-K
2013	2014-02-18	814,266,565	10-K	scale corrected
2014	2015-02-20	844,327,300	10-K
2015	2016-02-19	858,018,055	10-K
2016	2017-02-17	876,600,115	10-K
2017	2018-02-16	840,120,815	10-K
2018	2019-02-22	853,168,355	10-K
2019	2020-02-21	862,573,610	10-K
2020	2021-02-12	815,954,595	10-K
2021	2022-02-18	804,077,230	10-K
2022	2023-02-17	784,066,289	10-K
2023	2024-02-22	763,030,948	10-K
2024	2025-02-18	768,974,062	10-K
2025	2026-02-20	739,923,583	10-K

Source: all 10-K filings of Fortinet on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

Fortinet buybacks, answered

Is Fortinet buying back its stock?

Yes. Fortinet has 1.3% fewer shares outstanding than twelve months ago, 733,713,653 as of July 28, 2026. Over five years the share count is down 10.2%.

How many shares has Fortinet bought back?

Net of every new share it issued, Fortinet has 142.9 million fewer shares than at its 2016 peak. That is 16.3% of the company.

How many shares does Fortinet have outstanding?

733,713,653 shares, as of July 28, 2026, from the cover page of its latest 10-Q. At the 2016 peak it had 876,600,115.

What do Fortinet's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Fortinet stock in 2016 owns 1.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Fortinet compare with other cannibal stocks?

Fortinet ranks No. 234 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Molina Healthcare (16.4%), Fossil Group (16.3%), Element Solutions (15.4%), Amphenol (15.3%).

Every answer is computed from Fortinet's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Fortinet in depth on Cannibal Stocks.

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