Aflac (AFL) Shares Outstanding (2009 - 2026)
Aflac (AFL) posted Shares Outstanding of 504.12 million for Q2 2026, down 6.1% from 536.69 million a year earlier and down 1.7% from the prior quarter.
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Analysis
Aflac (AFL) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Aflac's Shares Outstanding came in at 532.89 million, down 5.3% from FY2024.
- Annual Shares Outstanding has declined for 13 consecutive years, with a five-year compound annual growth rate of -5.7% (FY2020 to FY2025).
- In prior years, Aflac's Shares Outstanding was 562.49 million in FY2024 (-5.6%), 596.17 million in FY2023 (-6.1%), 634.82 million in FY2022 (-5.8%) and 673.62 million in FY2021 (-5.6%).
- The Q2 2026 figure stands as the lowest quarterly Shares Outstanding in data going back to Q1 2009.
- On a year-over-year basis, Shares Outstanding has declined in each of the last 53 quarters, with an average decline of 5.5% over the last eight quarters.
- The year-over-year decline in Shares Outstanding has ranged between 4.9% (Q2 2025) and 6.2% (Q2 2023) over the last five years.
- According to Business Quant data, Shares Outstanding for the three prior quarters was 513.07 million (Q1 2026), 532.89 million (Q4 2025) and 530.05 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.30 Bn | 80.89 Bn | 9.13 Bn | 387.41 Mn |
| 2 | Progressive | 130.32 Bn | 106.15 Bn | 9.04 Bn | 583.00 Mn |
| 3 | Marsh & Mclennan Companies | 85.17 Bn | 76.66 Bn | - | 480.00 Mn |
| 4 | Travelers Companies | 78.40 Bn | 54.65 Bn | 6.23 Bn | 210.50 Mn |
| 5 | Manulife Financial | 73.81 Bn | -21.07 Bn | - | 1.70 Bn |
| 6 | Metlife | 64.41 Bn | -42.37 Bn | 7.82 Bn | 642.60 Mn |
| 7 | Allstate | 60.46 Bn | 21.73 Bn | 8.73 Bn | 256.00 Mn |
| 8 | Arthur J. Gallagher | 60.04 Bn | 54.44 Bn | - | 256.70 Mn |
| 9 | Aon | 58.69 Bn | 51.91 Bn | - | 213.20 Mn |
| 10 | Aflac | 58.66 Bn | 33.88 Bn | 2.27 Bn | 504.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 504.12 Mn |
| Mar 31, 2026 | 513.07 Mn |
| Dec 31, 2025 | 532.89 Mn |
| Sep 30, 2025 | 530.05 Mn |
| Jun 30, 2025 | 536.69 Mn |
| Mar 31, 2025 | 544.71 Mn |
| Dec 31, 2024 | 562.49 Mn |
| Sep 30, 2024 | 557.90 Mn |
| Jun 30, 2024 | 564.57 Mn |
| Mar 31, 2024 | 574.89 Mn |
| Dec 31, 2023 | 596.17 Mn |
| Sep 30, 2023 | 591.25 Mn |
| Jun 30, 2023 | 600.74 Mn |
| Mar 31, 2023 | 611.21 Mn |
| Dec 31, 2022 | 634.82 Mn |
| Sep 30, 2022 | 629.35 Mn |
| Jun 30, 2022 | 640.71 Mn |
| Mar 31, 2022 | 649.75 Mn |
| Dec 31, 2021 | 673.62 Mn |
| Sep 30, 2021 | 668.76 Mn |
API Access
Aflac 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=AFL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "AFL", "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=AFL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();