MediaAlpha (MAX) Shares Outstanding (Diluted) (2020 - 2026)
MediaAlpha (MAX) recorded Shares Outstanding (Diluted) of 62.07 million in Q2 2026, up 10.6% from 56.14 million a year earlier and up 11.1% from the prior quarter.
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Analysis
MediaAlpha (MAX) Shares Outstanding (Diluted) (2020 - 2026) Analysis & Trends
For FY2025, MediaAlpha reported Shares Outstanding (Diluted) of 66.79 million, up 25.9% from FY2024.
- Annual Shares Outstanding (Diluted) has increased for three straight years, with a five-year compound annual growth rate of 15.8% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 53.04 million in FY2024 (+16.4%), 45.57 million in FY2023 (+8.7%), 41.94 million in FY2022 (-31.5%) and 61.26 million in FY2021 (+90.6%).
- Quarterly Shares Outstanding (Diluted) has ranged from 40.85 million in Q1 2022 to 66.79 million in Q4 2025 over the past five years.
- On a year-over-year basis, Shares Outstanding (Diluted) has increased for 14 consecutive quarters, with growth averaging 11.9% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding (Diluted) in the last five years was growth of 90.6% in Q4 2021, against a decline of 34.3% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 55.85 million (Q1 2026), 66.79 million (Q4 2025) and 56.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 12.31 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 2.57 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 4.26 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 2.40 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 1.30 Bn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 2.05 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 770.00 Mn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | 1.48 Bn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 210.51 Mn |
| 10 | MediaAlpha | 506.55 Mn | 337.68 Mn | 45.17 Mn | 62.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.07 Mn |
| Mar 31, 2026 | 55.85 Mn |
| Dec 31, 2025 | 66.79 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 | 61.26 Mn |
| Sep 30, 2021 | 61.19 Mn |
API Access
MediaAlpha 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=MAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=MAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();