PubMatic (PUBM) Shares Outstanding (Diluted) (2020 - 2026)
PubMatic's Shares Outstanding (Diluted) came in at 46.11 million for Q2 2026, down 2.3% from 47.19 million a year earlier and down 2.2% from the prior quarter.
Powered by 
Analysis
PubMatic (PUBM) Shares Outstanding (Diluted) (2020 - 2026) Analysis & Trends
For FY2025, PubMatic's Shares Outstanding (Diluted) was 47.01 million, down 13.4% from FY2024.
- Shares Outstanding (Diluted) has declined in each of the last three years, though with a five-year compound annual growth rate of 22.4% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 54.29 million in FY2024 (-3.1%), 56.03 million in FY2023 (-1.5%), 56.91 million in FY2022 (+0.5%) and 56.63 million in FY2021 (+230.7%).
- The five-year range for quarterly Shares Outstanding (Diluted) is 45.93 million (Q3 2025) to 56.94 million (Q3 2022).
- Year-over-year, Shares Outstanding (Diluted) has declined for eight consecutive quarters, with an average decline of 7.3% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q3 2021 (growth of 255.9%), and the weakest in Q2 2025 (a decline of 15.1%).
- Business Quant data shows PUBM's Shares Outstanding (Diluted) at 47.12 million (Q1 2026), 47.01 million (Q4 2025) and 45.93 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 12.31 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 2.57 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 4.26 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 2.40 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 | 2.05 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 770.00 Mn |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | 1.48 Bn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 210.51 Mn |
| 10 | PubMatic | 850.47 Mn | 286.02 Mn | 52.72 Mn | 46.11 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.11 Mn |
| Mar 31, 2026 | 47.12 Mn |
| Dec 31, 2025 | 47.01 Mn |
| Sep 30, 2025 | 45.93 Mn |
| Jun 30, 2025 | 47.19 Mn |
| Mar 31, 2025 | 48.35 Mn |
| Dec 31, 2024 | 54.29 Mn |
| Sep 30, 2024 | 49.06 Mn |
| Jun 30, 2024 | 55.58 Mn |
| Mar 31, 2024 | 50.04 Mn |
| Dec 31, 2023 | 56.03 Mn |
| Sep 30, 2023 | 55.98 Mn |
| Jun 30, 2023 | 52.03 Mn |
| Mar 31, 2023 | 52.74 Mn |
| Dec 31, 2022 | 56.91 Mn |
| Sep 30, 2022 | 56.94 Mn |
| Jun 30, 2022 | 56.85 Mn |
| Mar 31, 2022 | 56.89 Mn |
| Dec 31, 2021 | 56.63 Mn |
| Sep 30, 2021 | 56.50 Mn |
API Access
PubMatic 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=PUBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "PUBM", "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=PUBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();