Netflix (NFLX) Shares Outstanding (Entity) (2009 - 2026)
Netflix's Shares Outstanding (Entity) came in at 4.16 billion for Q2 2026, down 2.0% from 4.25 billion a year earlier and down 1.2% from the prior quarter.
Powered by 
Analysis
Netflix (NFLX) Shares Outstanding (Entity) (2009 - 2026) Analysis & Trends
For FY2025, Netflix's Shares Outstanding (Entity) was 4.22 billion, down 1.3% from FY2024.
- Shares Outstanding (Entity) has declined in each of the last three years, with a five-year compound annual growth rate of -1.0% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Entity) was 4.28 billion in FY2024 (-1.2%), 4.33 billion in FY2023 (-2.8%), 4.45 billion in FY2022 (+0.3%) and 4.44 billion in FY2021 (+0.2%).
- The Q2 2026 figure represents the lowest quarterly Shares Outstanding (Entity) since Q3 2013.
- Year-over-year, Shares Outstanding (Entity) has declined for 13 consecutive quarters, with an average decline of 1.4% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Entity) over five years came in Q2 2022 (growth of 0.5%), and the weakest in Q2 2024 (a decline of 3.2%).
- Business Quant data shows NFLX's Shares Outstanding (Entity) at 4.21 billion (Q1 2026), 4.22 billion (Q4 2025) and 4.24 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 12.15 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 2.55 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 4.16 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 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 | 2.04 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 751.38 Mn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | - |
| 10 | AppLovin | 97.38 Bn | 87.41 Bn | 1.70 Bn | 335.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.16 Bn |
| Mar 31, 2026 | 4.21 Bn |
| Dec 31, 2025 | 4.22 Bn |
| Sep 30, 2025 | 4.24 Bn |
| Jun 30, 2025 | 4.25 Bn |
| Mar 31, 2025 | 4.26 Bn |
| Dec 31, 2024 | 4.28 Bn |
| Sep 30, 2024 | 4.27 Bn |
| Jun 30, 2024 | 4.29 Bn |
| Mar 31, 2024 | 4.31 Bn |
| Dec 31, 2023 | 4.33 Bn |
| Sep 30, 2023 | 4.38 Bn |
| Jun 30, 2023 | 4.43 Bn |
| Mar 31, 2023 | 4.45 Bn |
| Dec 31, 2022 | 4.45 Bn |
| Sep 30, 2022 | 4.45 Bn |
| Jun 30, 2022 | 4.45 Bn |
| Mar 31, 2022 | 4.44 Bn |
| Dec 31, 2021 | 4.44 Bn |
| Sep 30, 2021 | 4.43 Bn |
API Access
Netflix Shares Outstanding (Entity) 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-entity&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "ticker": "NFLX", "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-entity&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();