Dow (DOW) Shares Outstanding (Diluted) (2009 - 2026)
Dow's Shares Outstanding (Diluted) was 725.1 million in Q2 2026, up 2.2% from 709.5 million a year earlier and up 0.5% from the prior quarter.
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Analysis
Dow (DOW) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Dow came in at 711.6 million, up 0.9% from FY2024.
- Shares Outstanding (Diluted) shows a five-year compound annual growth rate of -0.8% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 705.1 million in FY2024 (-0.6%), 709 million in FY2023 (-2.3%), 725.6 million in FY2022 (-3.1%) and 749 million in FY2021 (+0.9%).
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) since Q4 2022.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for six straight quarters, with growth averaging 0.8% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q2 2026 (growth of 2.2%); the worst was Q1 2023 (a decline of 4.3%).
- Per Business Quant data, DOW's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 721.2 million (Q1 2026), 711.6 million (Q4 2025) and 713.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 232.08 Bn | 213.65 Bn | 4.43 Bn | 464.52 Mn |
| 2 | Corning | 113.97 Bn | 106.54 Bn | 1.63 Bn | 875.00 Mn |
| 3 | Sherwin Williams | 81.98 Bn | 81.03 Bn | 3.34 Bn | 246.00 Mn |
| 4 | Air Products & Chemicals | 67.40 Bn | 62.58 Bn | 1.04 Bn | 222.80 Mn |
| 5 | LyondellBasell Industries | 41.35 Bn | 30.86 Bn | 2.04 Bn | 646.00 Mn |
| 6 | Nutrien | 33.62 Bn | 30.45 Bn | 3.25 Bn | 486.52 Mn |
| 7 | Ati | 24.94 Bn | 22.97 Bn | 309.80 Mn | 138.30 Mn |
| 8 | Qnity Electronics | 24.80 Bn | 21.94 Bn | 666.00 Mn | 210.20 Mn |
| 9 | Ppg Industries | 24.22 Bn | 16.88 Bn | 1.81 Bn | 223.90 Mn |
| 10 | Dow | 22.21 Bn | 5.70 Bn | 2.17 Bn | 725.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 725.10 Mn |
| Mar 31, 2026 | 721.20 Mn |
| Dec 31, 2025 | 711.60 Mn |
| Sep 30, 2025 | 713.20 Mn |
| Jun 30, 2025 | 709.50 Mn |
| Mar 31, 2025 | 706.90 Mn |
| Dec 31, 2024 | 705.10 Mn |
| Sep 30, 2024 | 703.60 Mn |
| Jun 30, 2024 | 705.30 Mn |
| Mar 31, 2024 | 705.50 Mn |
| Dec 31, 2023 | 709.00 Mn |
| Sep 30, 2023 | 707.50 Mn |
| Jun 30, 2023 | 709.90 Mn |
| Mar 31, 2023 | 708.20 Mn |
| Dec 31, 2022 | 725.60 Mn |
| Sep 30, 2022 | 718.10 Mn |
| Jun 30, 2022 | 731.50 Mn |
| Mar 31, 2022 | 739.80 Mn |
| Dec 31, 2021 | 749.00 Mn |
| Sep 30, 2021 | 750.00 Mn |
API Access
Dow 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=DOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "DOW", "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=DOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();