AppLovin (APP) Shares Outstanding (Diluted) (2019 - 2026)
AppLovin (APP) reported Shares Outstanding (Diluted) of 337.03 million for Q2 2026, down 1.5% from 342.19 million a year earlier and down 0.5% from the prior quarter.
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Analysis
AppLovin (APP) Shares Outstanding (Diluted) (2019 - 2026) Analysis & Trends
For FY2025, AppLovin posted Shares Outstanding (Diluted) of 341.97 million, down 1.7% from FY2024.
- Shares Outstanding (Diluted) has declined for three consecutive years, though with a five-year compound annual growth rate of 9.7% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 347.81 million in FY2024 (-4.1%), 362.59 million in FY2023 (-2.4%), 371.57 million in FY2022 (+8.4%) and 342.76 million in FY2021 (+59.5%).
- The Q2 2026 figure ranks as the lowest quarterly Shares Outstanding (Diluted) since Q1 2021.
- Year over year, Shares Outstanding (Diluted) has now declined in each of the last 13 quarters, with an average decline of 2.0% over the last eight quarters.
- The high point for year-over-year Shares Outstanding (Diluted) in five years was Q3 2021 (growth of 79.1%); the low point was Q1 2024 (a decline of 6.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 338.73 million (Q1 2026), 341.97 million (Q4 2025) and 340.97 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,441.41 Bn | 3,176.31 Bn | 76.16 Bn | 12.31 Bn |
| 2 | Meta Platforms | 1,546.51 Bn | 1,211.03 Bn | 51.23 Bn | 2.57 Bn |
| 3 | Netflix | 269.88 Bn | 231.18 Bn | 6.80 Bn | 4.20 Bn |
| 4 | Alibaba Group Holding | 251.04 Bn | 64.67 Bn | 15.16 Bn | 2.40 Bn |
| 5 | Shopify | 185.46 Bn | 164.27 Bn | 1.78 Bn | 1.29 Bn |
| 6 | Uber Technologies | 139.78 Bn | 111.58 Bn | 6.38 Bn | 2.05 Bn |
| 7 | Booking Holdings | 126.33 Bn | 60.08 Bn | - | 753.00 Mn |
| 8 | Spotify Technology | 126.29 Bn | 83.21 Bn | 1.89 Bn | 210.51 Mn |
| 9 | AppLovin | 119.11 Bn | 107.63 Bn | 1.94 Bn | 334.77 Mn |
| 10 | PDD Holdings | 117.13 Bn | -126.92 Bn | 9.48 Bn | 1.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 334.77 Mn |
| Jun 30, 2026 | 337.03 Mn |
| Mar 31, 2026 | 338.73 Mn |
| Dec 31, 2025 | 341.97 Mn |
| Sep 30, 2025 | 340.97 Mn |
| Jun 30, 2025 | 342.19 Mn |
| Mar 31, 2025 | 344.88 Mn |
| Dec 31, 2024 | 347.81 Mn |
| Sep 30, 2024 | 348.23 Mn |
| Jun 30, 2024 | 347.96 Mn |
| Mar 31, 2024 | 348.60 Mn |
| Dec 31, 2023 | 362.59 Mn |
| Sep 30, 2023 | 356.91 Mn |
| Jun 30, 2023 | 366.34 Mn |
| Mar 31, 2023 | 373.16 Mn |
| Dec 31, 2022 | 371.57 Mn |
| Sep 30, 2022 | 378.46 Mn |
| Jun 30, 2022 | 373.91 Mn |
| Mar 31, 2022 | 371.97 Mn |
| Dec 31, 2021 | 342.76 Mn |
API Access
AppLovin Shares Outstanding (Diluted) 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-diluted&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "APP", "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-diluted&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();