Herbalife (HLF) Shares Outstanding (Diluted) (2009 - 2026)
Herbalife's Shares Outstanding (Diluted) was 104.5 million in Q2 2026, up 1.2% from 103.3 million a year earlier but down 3.6% from the prior quarter.
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Analysis
Herbalife (HLF) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Herbalife came in at 103.6 million, up 2.0% from FY2024.
- Shares Outstanding (Diluted) has now increased for three consecutive years, though with a five-year compound annual growth rate of -5.1% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 101.6 million in FY2024 (+1.4%), 100.2 million in FY2023 (+0.7%), 99.5 million in FY2022 (-8.1%) and 108.3 million in FY2021 (-19.5%).
- Quarterly Shares Outstanding (Diluted) has moved between 98.7 million (Q2 2022) and 108.4 million (Q1 2026) over five years.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for 13 straight quarters, with growth averaging 2.2% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q1 2026 (growth of 6.1%); the worst was Q4 2021 (a decline of 19.5%).
- Per Business Quant data, HLF's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 108.4 million (Q1 2026), 103.6 million (Q4 2025) and 104 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 375.49 Bn | 327.05 Bn | 11.60 Bn | 2.41 Bn |
| 2 | Colgate Palmolive | 75.56 Bn | 70.29 Bn | 3.30 Bn | 801.80 Mn |
| 3 | Estee Lauder Companies | 39.14 Bn | 27.22 Bn | 2.74 Bn | 364.80 Mn |
| 4 | Kenvue | 37.43 Bn | 33.04 Bn | 2.30 Bn | 1.92 Bn |
| 5 | Kimberly Clark | 36.46 Bn | 33.66 Bn | 1.60 Bn | 333.30 Mn |
| 6 | Church & Dwight | 25.14 Bn | 23.66 Bn | 693.90 Mn | 238.20 Mn |
| 7 | Clorox | 10.56 Bn | 8.84 Bn | 804.00 Mn | 122.13 Mn |
| 8 | e.l.f. Beauty | 6.81 Bn | 5.78 Bn | 398.84 Mn | 59.73 Mn |
| 9 | Reynolds Consumer Products | 4.89 Bn | 4.55 Bn | 245.00 Mn | 211.90 Mn |
| 10 | Herbalife | 1.40 Bn | -81.04 Mn | 1.03 Bn | 104.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 104.50 Mn |
| Mar 31, 2026 | 108.40 Mn |
| Dec 31, 2025 | 103.60 Mn |
| Sep 30, 2025 | 104.00 Mn |
| Jun 30, 2025 | 103.30 Mn |
| Mar 31, 2025 | 102.20 Mn |
| Dec 31, 2024 | 101.60 Mn |
| Sep 30, 2024 | 101.90 Mn |
| Jun 30, 2024 | 101.70 Mn |
| Mar 31, 2024 | 100.70 Mn |
| Dec 31, 2023 | 100.20 Mn |
| Sep 30, 2023 | 100.40 Mn |
| Jun 30, 2023 | 99.50 Mn |
| Mar 31, 2023 | 100.20 Mn |
| Dec 31, 2022 | 99.50 Mn |
| Sep 30, 2022 | 98.80 Mn |
| Jun 30, 2022 | 98.70 Mn |
| Mar 31, 2022 | 101.70 Mn |
| Dec 31, 2021 | 108.30 Mn |
| Sep 30, 2021 | 107.80 Mn |
API Access
Herbalife 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=HLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "HLF", "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=HLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();