International Business Machines (IBM) Shares Outstanding (Diluted) (2009 - 2026)
International Business Machines (IBM) reported Shares Outstanding (Diluted) of 953.3 million for Q2 2026, up 0.6% from 948 million a year earlier and up 0.1% from the prior quarter.
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Analysis
International Business Machines (IBM) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, International Business Machines posted Shares Outstanding (Diluted) of 948.68 million, up 1.2% from FY2024.
- Shares Outstanding (Diluted) has increased for six consecutive years, with a five-year compound annual growth rate of 1.1% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 937.16 million in FY2024 (+1.6%), 922.07 million in FY2023 (+1.1%), 912.27 million in FY2022 (+0.8%) and 904.64 million in FY2021 (+0.9%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding (Diluted) since Q4 2016.
- Year over year, Shares Outstanding (Diluted) has now increased in each of the last seven quarters, with growth averaging 1.2% over the last eight quarters.
- The high point for year-over-year Shares Outstanding (Diluted) in five years was Q3 2025 (growth of 2.7%); the low point was Q3 2022 (a decline of 0.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 952.13 million (Q1 2026), 948.68 million (Q4 2025) and 948.93 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,843.70 Bn | 3,766.85 Bn | 60.48 Bn | 7.45 Bn |
| 2 | International Business Machines | 209.74 Bn | 160.64 Bn | 9.91 Bn | 953.30 Mn |
| 3 | Cloudflare | 112.41 Bn | 95.94 Bn | 499.52 Mn | 354.33 Mn |
| 4 | Equinix | 101.21 Bn | 89.76 Bn | 1.40 Bn | 99.14 Mn |
| 5 | Nebius | 61.44 Bn | 34.87 Bn | 448.70 Mn | 282.72 Mn |
| 6 | CoreWeave | 49.38 Bn | 36.47 Bn | 1.70 Bn | 551.00 Mn |
| 7 | Verisign | 26.06 Bn | 23.28 Bn | 384.60 Mn | 91.10 Mn |
| 8 | Nutanix | 19.56 Bn | 11.24 Bn | 651.35 Mn | 292.18 Mn |
| 9 | Akamai Technologies | 15.64 Bn | 9.05 Bn | 613.75 Mn | 153.69 Mn |
| 10 | DigitalOcean Holdings | 14.71 Bn | 12.71 Bn | 154.66 Mn | 126.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 953.30 Mn |
| Mar 31, 2026 | 952.13 Mn |
| Dec 31, 2025 | 948.68 Mn |
| Sep 30, 2025 | 948.93 Mn |
| Jun 30, 2025 | 948.00 Mn |
| Mar 31, 2025 | 945.40 Mn |
| Dec 31, 2024 | 937.16 Mn |
| Sep 30, 2024 | 923.60 Mn |
| Jun 30, 2024 | 934.40 Mn |
| Mar 31, 2024 | 933.43 Mn |
| Dec 31, 2023 | 922.07 Mn |
| Sep 30, 2023 | 923.70 Mn |
| Jun 30, 2023 | 919.50 Mn |
| Mar 31, 2023 | 917.85 Mn |
| Dec 31, 2022 | 912.27 Mn |
| Sep 30, 2022 | 904.10 Mn |
| Jun 30, 2022 | 910.75 Mn |
| Mar 31, 2022 | 909.23 Mn |
| Dec 31, 2021 | 904.64 Mn |
| Sep 30, 2021 | 906.00 Mn |
API Access
International Business Machines 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=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "IBM", "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=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();