Shared XP is experience that comes from total team attack. Shared Xp can be good or bad, depending on the amount of attack that your team has racked up.
In order for someone to be eligible for shared xp, a player only needs 1 attk.
Shared Xp is the only xp you get from lvl 1 to about 50. From 50 - 75, it is a mix of xp you earn in battle and shard xp. After the switch from BB3 to BB4, it is mostly earned xp that you get from battles, and from there, shared Xp shows up minimally.