Lamar Advertising (LAMR) Shares Outstanding (Diluted Average) (2009 - 2025)

Lamar Advertising (LAMR) has 17 years of Shares Outstanding (Diluted Average) data on file, last reported at $101.6 million in Q4 2025.

• Quarterly Shares Outstanding (Diluted Average) fell 0.9% year-over-year to $101.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $101.6 million (down 0.9% YoY) and the FY2025 annual result came in at $101.6 million, down 0.9% from the prior year.
• Shares Outstanding (Diluted Average) was little changed at $101.6 million in Q4 2025 per LAMR's latest filing, from $101.3 million in the prior quarter.
• Across five years, Shares Outstanding (Diluted Average) topped out at $102.8 million in Q1 2025 and bottomed at $101.1 million in Q1 2021.
• The 5-year median for Shares Outstanding (Diluted Average) is $101.7 million (2022), against an average of $101.9 million.
• The widest annual swing landed in 2023, when Shares Outstanding (Diluted Average) climbed 0.52%; it then dropped 1.27% in 2025.
• Tracing LAMR's Shares Outstanding (Diluted Average) over 5 years: stood at $101.3 million in 2021, then grew by 0.28% to $101.6 million in 2022, then grew by 0.46% to $102.1 million in 2023, then rose by 0.45% to $102.6 million in 2024, then slipped by 0.9% to $101.6 million in 2025.
• Per Business Quant, the three latest LAMR Shares Outstanding (Diluted Average) figures stand at $101.6 million (Q4 2025), $101.3 million (Q3 2025), and $101.7 million (Q2 2025).

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