Navient (NAVI) Shares Outstanding (Diluted) (2013 - 2026)
Navient (NAVI) reported Shares Outstanding (Diluted) of 95 million for Q2 2026, down 5.9% from 101 million a year earlier and down 1.0% from the prior quarter.
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Analysis
Navient (NAVI) Shares Outstanding (Diluted) (2013 - 2026) Analysis & Trends
For FY2025, Navient posted Shares Outstanding (Diluted) of 99 million, down 10.8% from FY2024.
- Shares Outstanding (Diluted) has declined for 13 consecutive years, with a five-year compound annual growth rate of -12.7% (FY2020 to FY2025).
- By year, Shares Outstanding (Diluted) came in at 111 million in FY2024 (-9.8%), 123 million in FY2023 (-14.6%), 144 million in FY2022 (-16.3%) and 172 million in FY2021 (-11.8%).
- The Q2 2026 figure ranks as the lowest quarterly Shares Outstanding (Diluted) in data going back to Q1 2013.
- Year over year, Shares Outstanding (Diluted) has now declined in each of the last 50 quarters, with an average decline of 9.1% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Diluted) ran from 5.9% in Q1 2026 to 17.3% in Q1 2022.
- Per Business Quant data, the three quarters before Q2 2026 came in at 96 million (Q1 2026), 99 million (Q4 2025) and 98 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.84 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 1.12 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 556.90 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 5.89 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 348.85 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 334.10 Mn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 85.05 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 740.26 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 718.00 Mn |
| 10 | Navient | 850.62 Mn | -1.75 Bn | - | 95.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 95.00 Mn |
| Mar 31, 2026 | 96.00 Mn |
| Dec 31, 2025 | 99.00 Mn |
| Sep 30, 2025 | 98.00 Mn |
| Jun 30, 2025 | 101.00 Mn |
| Mar 31, 2025 | 102.00 Mn |
| Dec 31, 2024 | 111.00 Mn |
| Sep 30, 2024 | 108.00 Mn |
| Jun 30, 2024 | 112.00 Mn |
| Mar 31, 2024 | 114.00 Mn |
| Dec 31, 2023 | 123.00 Mn |
| Sep 30, 2023 | 121.00 Mn |
| Jun 30, 2023 | 125.00 Mn |
| Mar 31, 2023 | 130.00 Mn |
| Dec 31, 2022 | 144.00 Mn |
| Sep 30, 2022 | 141.00 Mn |
| Jun 30, 2022 | 147.00 Mn |
| Mar 31, 2022 | 153.00 Mn |
| Dec 31, 2021 | 172.00 Mn |
| Sep 30, 2021 | 167.00 Mn |
API Access
Navient 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=NAVI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "NAVI", "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=NAVI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();