ArcelorMittal (MT) Shares Outstanding (2009 - 2026)
ArcelorMittal's Shares Outstanding was 763 million in Q2 2026, down 3.2% from 788 million a year earlier and unchanged from the prior quarter.
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Analysis
ArcelorMittal (MT) Shares Outstanding (2009 - 2026) Analysis & Trends
From Q1 2009 onward, ArcelorMittal has reported Shares Outstanding for 68 quarters.
- Shares Outstanding has now declined for five consecutive years, with a five-year compound annual growth rate of -7.7% (FY2020 to FY2025).
- In earlier years, Shares Outstanding was 788 million in FY2024 (-6.4%), 842 million in FY2023 (-7.6%), 911 million in FY2022 (-17.6%) and 1.11 billion in FY2021 (-3.1%).
- Quarterly Shares Outstanding has moved between 763 million (Q4 2025) and 1.11 billion (Q3 2022) over five years.
- Compared with a year earlier, Shares Outstanding has declined for 15 straight quarters, with an average decline of 5.3% over the last eight quarters.
- The year-over-year decline in Shares Outstanding has ranged between 3.1% (Q2 2022) and 17.6% (Q4 2022) over the last five years.
- Per Business Quant data, MT's Shares Outstanding in the three quarters before Q2 2026 was 763 million (Q1 2026), 763 million (Q4 2025) and 788 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | 1.62 Bn |
| 2 | Southern Copper | 167.53 Bn | 146.32 Bn | 2.90 Bn | 829.10 Mn |
| 3 | Rio Tinto | 145.19 Bn | 105.69 Bn | - | 1.62 Bn |
| 4 | Newmont | 125.76 Bn | 93.76 Bn | 4.03 Bn | 1.07 Bn |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn | 1.44 Bn |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn | 501.99 Mn |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn | 1.71 Bn |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn | 228.20 Mn |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - | 763.00 Mn |
| 10 | AngloGold Ashanti | 46.49 Bn | 34.38 Bn | 1.70 Bn | 508.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 763.00 Mn |
| Mar 31, 2026 | 763.00 Mn |
| Dec 31, 2025 | 763.00 Mn |
| Sep 30, 2025 | 788.00 Mn |
| Jun 30, 2025 | 788.00 Mn |
| Mar 31, 2025 | 788.00 Mn |
| Dec 31, 2024 | 788.00 Mn |
| Sep 30, 2024 | 842.00 Mn |
| Jun 30, 2024 | 842.00 Mn |
| Mar 31, 2024 | 842.00 Mn |
| Dec 31, 2023 | 842.00 Mn |
| Sep 30, 2023 | 911.00 Mn |
| Jun 30, 2023 | 911.00 Mn |
| Mar 31, 2023 | 911.00 Mn |
| Dec 31, 2022 | 911.00 Mn |
| Sep 30, 2022 | 1.11 Bn |
| Jun 30, 2022 | 1.11 Bn |
| Mar 31, 2022 | 1.11 Bn |
| Dec 31, 2021 | 1.11 Bn |
| Sep 30, 2021 | 1.14 Bn |
API Access
ArcelorMittal 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=MT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "MT", "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=MT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();