American Airlines (AAL) Shares Outstanding (2009 - 2026)
American Airlines' Shares Outstanding came in at 662.19 million for Q2 2026, up 0.3% from 660.13 million a year earlier and up 0.2% from the prior quarter.
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Analysis
American Airlines (AAL) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, American Airlines' Shares Outstanding was 659.96 million, up 0.5% from FY2024.
- Shares Outstanding has increased in each of the last six years, with a five-year compound annual growth rate of 6.4% (FY2020 to FY2025).
- Going back by year, Shares Outstanding was 657 million in FY2024 (+0.5%), 653.61 million in FY2023 (+0.5%), 650.35 million in FY2022 (+1.0%) and 644.02 million in FY2021 (+33.1%).
- The Q2 2026 figure represents the highest quarterly Shares Outstanding since Q4 2015.
- Year-over-year, Shares Outstanding has increased for 24 consecutive quarters, with growth averaging 0.4% over the last eight quarters.
- Across the past five years, year-over-year growth in Shares Outstanding ran from 0.3% in Q3 2022 to 33.1% in Q4 2021.
- Business Quant data shows AAL's Shares Outstanding at 661.18 million (Q1 2026), 659.96 million (Q4 2025) and 660.36 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 179.89 Bn | 172.14 Bn | - | 593.70 Mn |
| 2 | Csx | 96.12 Bn | 91.34 Bn | - | 1.85 Bn |
| 3 | United Parcel Service | 92.16 Bn | 69.05 Bn | - | 851.00 Mn |
| 4 | Canadian Pacific Kansas City | 79.39 Bn | 79.39 Bn | - | 886.40 Mn |
| 5 | Norfolk Southern | 76.81 Bn | 71.27 Bn | - | 224.60 Mn |
| 6 | Fedex | 74.29 Bn | 40.49 Bn | - | 237.00 Mn |
| 7 | Delta Air Lines | 52.21 Bn | 34.40 Bn | - | 655.00 Mn |
| 8 | Old Dominion Freight Line | 35.82 Bn | 35.82 Bn | - | 207.66 Mn |
| 9 | United Airlines Holdings | 33.62 Bn | -24.08 Bn | - | 324.90 Mn |
| 10 | American Airlines | 8.27 Bn | -15.76 Bn | - | 662.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 662.19 Mn |
| Mar 31, 2026 | 661.18 Mn |
| Dec 31, 2025 | 659.96 Mn |
| Sep 30, 2025 | 660.36 Mn |
| Jun 30, 2025 | 660.13 Mn |
| Mar 31, 2025 | 658.88 Mn |
| Dec 31, 2024 | 657.00 Mn |
| Sep 30, 2024 | 657.42 Mn |
| Jun 30, 2024 | 656.97 Mn |
| Mar 31, 2024 | 655.85 Mn |
| Dec 31, 2023 | 653.61 Mn |
| Sep 30, 2023 | 654.12 Mn |
| Jun 30, 2023 | 653.60 Mn |
| Mar 31, 2023 | 652.00 Mn |
| Dec 31, 2022 | 650.35 Mn |
| Sep 30, 2022 | 650.59 Mn |
| Jun 30, 2022 | 650.35 Mn |
| Mar 31, 2022 | 649.50 Mn |
| Dec 31, 2021 | 644.02 Mn |
| Sep 30, 2021 | 648.56 Mn |
API Access
American Airlines Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=AAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "AAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=AAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();