MediaAlpha (MAX) Shares Outstanding (2020 - 2026)
MediaAlpha (MAX) reported Shares Outstanding of 53.75 million for Q2 2026, down 4.3% from 56.14 million a year earlier and down 3.8% from the prior quarter.
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Analysis
MediaAlpha (MAX) Shares Outstanding (2020 - 2026) Analysis & Trends
For FY2025, MediaAlpha posted Shares Outstanding of 56.24 million, up 6.0% from FY2024.
- Shares Outstanding has increased for five consecutive years, with a five-year compound annual growth rate of 11.8% (FY2020 to FY2025).
- By year, Shares Outstanding came in at 53.04 million in FY2024 (+16.4%), 45.57 million in FY2023 (+8.7%), 41.94 million in FY2022 (+12.5%) and 37.28 million in FY2021 (+16.0%).
- The Q2 2026 figure ranks as the lowest quarterly Shares Outstanding since Q4 2024.
- Year over year, Shares Outstanding gained in seven of the last eight quarters, with growth averaging 7.5%.
- The high point for year-over-year Shares Outstanding in five years was Q1 2022 (growth of 23.3%); the low point was Q2 2026 (a decline of 4.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 55.85 million (Q1 2026), 56.24 million (Q4 2025) and 56.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,040.21 Bn | 3,797.73 Bn | 73.85 Bn | 12.15 Bn |
| 2 | Meta Platforms | 1,805.14 Bn | 1,507.66 Bn | 49.47 Bn | 2.54 Bn |
| 3 | Netflix | 278.46 Bn | 238.66 Bn | 6.52 Bn | 4.19 Bn |
| 4 | Alibaba Group Holding | 244.92 Bn | 58.70 Bn | 15.11 Bn | 2.32 Bn |
| 5 | Shopify | 227.71 Bn | 204.90 Bn | 1.71 Bn | 1.30 Bn |
| 6 | Uber Technologies | 139.48 Bn | 111.28 Bn | 6.38 Bn | 2.04 Bn |
| 7 | Booking Holdings | 123.30 Bn | 56.35 Bn | - | 768.00 Mn |
| 8 | PDD Holdings | 111.54 Bn | -132.24 Bn | 9.45 Bn | 1.40 Bn |
| 9 | Spotify Technology | 108.59 Bn | 66.10 Bn | 1.86 Bn | 205.41 Mn |
| 10 | MediaAlpha | 623.48 Mn | 487.96 Mn | 45.17 Mn | 53.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 53.75 Mn |
| Mar 31, 2026 | 55.85 Mn |
| Dec 31, 2025 | 56.24 Mn |
| Sep 30, 2025 | 56.62 Mn |
| Jun 30, 2025 | 56.14 Mn |
| Mar 31, 2025 | 55.63 Mn |
| Dec 31, 2024 | 53.04 Mn |
| Sep 30, 2024 | 54.91 Mn |
| Jun 30, 2024 | 53.37 Mn |
| Mar 31, 2024 | 48.57 Mn |
| Dec 31, 2023 | 45.57 Mn |
| Sep 30, 2023 | 46.23 Mn |
| Jun 30, 2023 | 45.16 Mn |
| Mar 31, 2023 | 43.87 Mn |
| Dec 31, 2022 | 41.94 Mn |
| Sep 30, 2022 | 42.21 Mn |
| Jun 30, 2022 | 41.71 Mn |
| Mar 31, 2022 | 40.85 Mn |
| Dec 31, 2021 | 37.28 Mn |
| Sep 30, 2021 | 38.42 Mn |
API Access
MediaAlpha Shares Outstanding 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&ticker=MAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "MAX", "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&ticker=MAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();