Nvidia (NVDA) Shares Outstanding (Diluted) (2009 - 2026)
Nvidia's Shares Outstanding (Diluted) came in at 24.29 billion for fiscal Q2 2027 (quarter ended Jul 26, 2026), down 1.0% from 24.53 billion a year earlier and down 0.4% from the prior quarter.
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Analysis
Nvidia (NVDA) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 25, 2026), Nvidia's Shares Outstanding (Diluted) was 24.51 billion, down 1.2% from FY2025.
- Shares Outstanding (Diluted) has declined in each of the last four fiscal years, with a five-year compound annual growth rate of -0.5% (FY2021 to FY2026).
- Going back by fiscal year, Shares Outstanding (Diluted) was 24.8 billion in FY2025 (-0.5%), 24.94 billion in FY2024 (-0.5%), 25.07 billion in FY2023 (-1.1%) and 25.35 billion in FY2022 (+0.9%).
- The fiscal Q2 2027 figure represents the lowest quarterly Shares Outstanding (Diluted) since fiscal Q1 2017.
- Year-over-year, Shares Outstanding (Diluted) has declined for nine consecutive quarters, with an average decline of 1.0% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in fiscal Q4 2022 (growth of 0.9%), and the weakest in fiscal Q1 2024 (a decline of 1.9%).
- Business Quant data shows NVDA's Shares Outstanding (Diluted) at 24.39 billion (Q1 2027), 24.51 billion (Q4 2026) and 24.48 billion (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,638.19 Bn | 5,412.36 Bn | 72.14 Bn | 24.29 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,452.80 Bn | 2,078.51 Bn | 27.22 Bn | 5.19 Bn |
| 3 | Broadcom | 1,695.44 Bn | 1,621.48 Bn | 20.46 Bn | 4.89 Bn |
| 4 | Micron Technology | 1,213.55 Bn | 1,152.31 Bn | 35.06 Bn | 1.15 Bn |
| 5 | Advanced Micro Devices | 1,034.54 Bn | 991.29 Bn | 6.20 Bn | 1.66 Bn |
| 6 | Asml Holding | 719.69 Bn | 675.53 Bn | 5.90 Bn | 388.90 Mn |
| 7 | Intel | 601.78 Bn | 486.52 Bn | 6.51 Bn | 5.10 Bn |
| 8 | Lam Research | 434.81 Bn | 411.60 Bn | 3.48 Bn | 1.26 Bn |
| 9 | Applied Materials | 428.57 Bn | 394.02 Bn | 4.59 Bn | 800.00 Mn |
| 10 | Arm Holdings | 326.25 Bn | 311.96 Bn | 1.25 Bn | 1.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 24.29 Bn |
| Apr 26, 2026 | 24.39 Bn |
| Jan 25, 2026 | 24.51 Bn |
| Oct 26, 2025 | 24.48 Bn |
| Jul 27, 2025 | 24.53 Bn |
| Apr 27, 2025 | 24.61 Bn |
| Jan 26, 2025 | 24.80 Bn |
| Oct 27, 2024 | 24.77 Bn |
| Jul 28, 2024 | 24.85 Bn |
| Apr 28, 2024 | 24.89 Bn |
| Jan 28, 2024 | 24.94 Bn |
| Oct 29, 2023 | 24.94 Bn |
| Jul 30, 2023 | 24.99 Bn |
| Apr 30, 2023 | 24.90 Bn |
| Jan 29, 2023 | 25.07 Bn |
| Oct 30, 2022 | 24.99 Bn |
| Jul 31, 2022 | 25.16 Bn |
| May 1, 2022 | 25.37 Bn |
| Jan 30, 2022 | 25.35 Bn |
| Oct 31, 2021 | 25.38 Bn |
API Access
Nvidia 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=NVDA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "NVDA", "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=NVDA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();