Reliance (RS) Shares Outstanding (Diluted) (2009 - 2026)
Reliance's Shares Outstanding (Diluted) was 51.38 million in Q2 2026, down 2.9% from 52.92 million a year earlier and down 1.2% from the prior quarter.
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Analysis
Reliance (RS) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Reliance came in at 52.88 million, down 6.0% from FY2024.
- Shares Outstanding (Diluted) has now declined for eight consecutive years, with a five-year compound annual growth rate of -4.1% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 56.25 million in FY2024 (-4.7%), 59.02 million in FY2023 (-4.0%), 61.5 million in FY2022 (-4.4%) and 64.33 million in FY2021 (-1.4%).
- The Q2 2026 figure marks the lowest quarterly Shares Outstanding (Diluted) in data going back to Q2 2009.
- Compared with a year earlier, Shares Outstanding (Diluted) has declined for 20 straight quarters, with an average decline of 5.3% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Diluted) ran from 0.5% in Q3 2021 to 7.8% in Q2 2025.
- Per Business Quant data, RS's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 51.97 million (Q1 2026), 52.88 million (Q4 2025) and 52.82 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 66.45 Bn | 65.21 Bn | 1.73 Bn | 62.63 Mn |
| 2 | W.W. Grainger | 62.58 Bn | 60.18 Bn | 1.98 Bn | 47.20 Mn |
| 3 | Fastenal | 59.02 Bn | 57.94 Bn | 1.06 Bn | 1.15 Bn |
| 4 | Ferguson Enterprises | 43.33 Bn | 40.54 Bn | 2.32 Bn | 194.80 Mn |
| 5 | Sunbelt Rentals Holdings | 31.82 Bn | 31.70 Bn | 1.25 Bn | 411.31 Mn |
| 6 | Reliance | 20.64 Bn | 19.68 Bn | 1.30 Bn | 51.38 Mn |
| 7 | Wesco International | 17.76 Bn | 15.08 Bn | 1.46 Bn | 49.40 Mn |
| 8 | Applied Industrial Technologies | 12.45 Bn | 12.32 Bn | 411.22 Mn | 37.86 Mn |
| 9 | Watsco | 11.13 Bn | 8.82 Bn | 578.93 Mn | 38.19 Mn |
| 10 | Avantor | 10.53 Bn | 9.33 Bn | 537.00 Mn | 677.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.38 Mn |
| Mar 31, 2026 | 51.97 Mn |
| Dec 31, 2025 | 52.88 Mn |
| Sep 30, 2025 | 52.82 Mn |
| Jun 30, 2025 | 52.92 Mn |
| Mar 31, 2025 | 53.40 Mn |
| Dec 31, 2024 | 56.25 Mn |
| Sep 30, 2024 | 55.18 Mn |
| Jun 30, 2024 | 57.39 Mn |
| Mar 31, 2024 | 57.88 Mn |
| Dec 31, 2023 | 59.02 Mn |
| Sep 30, 2023 | 59.12 Mn |
| Jun 30, 2023 | 59.35 Mn |
| Mar 31, 2023 | 59.53 Mn |
| Dec 31, 2022 | 61.50 Mn |
| Sep 30, 2022 | 60.98 Mn |
| Jun 30, 2022 | 62.59 Mn |
| Mar 31, 2022 | 62.78 Mn |
| Dec 31, 2021 | 64.33 Mn |
| Sep 30, 2021 | 64.35 Mn |
API Access
Reliance 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=RS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "RS", "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=RS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();