Netflix (NFLX) Shares Outstanding (Diluted Average) (2009 - 2026)

Netflix's Shares Outstanding (Diluted Average) history runs 18 years deep, the most recent figure standing at $4.3 billion for Q1 2026.

• In Q1 2026, Shares Outstanding (Diluted Average) fell 1.63% year-over-year to $4.3 billion; the TTM figure through Mar 2026 stood at $4.3 billion (down 1.63% YoY), while the FY2025 annual figure was $4.3 billion, down 1.11% from the prior year.
• Shares Outstanding (Diluted Average) was $4.3 billion for Q1 2026 at Netflix, down from $4.3 billion in the prior quarter.
• In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $4.5 billion in Q4 2023 to a low of $434.9 million in Q2 2025.
• Historically, Shares Outstanding (Diluted Average) has averaged $1.6 billion across 5 years, with a median of $451.3 million in 2022.
• The sharpest annual moves came in 2023 and 2024: Shares Outstanding (Diluted Average) soared 896.03% in 2023, then decreased 2.62% in 2024.
• A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $451.3 million in 2022, then jumped by 896.03% to $4.5 billion in 2023, then retreated by 2.28% to $4.4 billion in 2024, then slipped by 1.11% to $4.3 billion in 2025, then dropped by 1.05% to $4.3 billion in 2026.
• The last three Shares Outstanding (Diluted Average) figures came in at $4.3 billion (Q1 2026), $4.3 billion (Q4 2025), and $435.3 million (Q3 2025), per Business Quant data.