Shake Shack (SHAK) Shares Outstanding (2014 - 2026)
Shake Shack (SHAK) reported Shares Outstanding of 40.36 million for Q2 2026, up 0.3% from 40.23 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Shake Shack (SHAK) Shares Outstanding (2014 - 2026) Analysis & Trends
For FY2025, Shake Shack posted Shares Outstanding of 40.21 million, up 1.0% from FY2024.
- Shares Outstanding has increased for ten consecutive years, with a five-year compound annual growth rate of 1.6% (FY2020 to FY2025).
- By year, Shares Outstanding came in at 39.83 million in FY2024 (+1.0%), 39.42 million in FY2023 (+0.5%), 39.24 million in FY2022 (+0.4%) and 39.09 million in FY2021 (+5.3%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding in data going back to Q1 2014.
- Year over year, Shares Outstanding has now increased in each of the last 42 quarters, with growth averaging 0.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Shares Outstanding ran from 0.3% in Q2 2022 to 5.3% in Q4 2021.
- Per Business Quant data, the three quarters before Q2 2026 came in at 40.29 million (Q1 2026), 40.21 million (Q4 2025) and 40.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 198.28 Bn | 193.10 Bn | 6.42 Bn | 709.10 Mn |
| 2 | Starbucks | 125.06 Bn | 112.69 Bn | - | 1.14 Bn |
| 3 | Yum Brands | 45.39 Bn | 42.27 Bn | 1.47 Bn | 275.00 Mn |
| 4 | Chipotle Mexican Grill | 44.51 Bn | 41.01 Bn | - | 1.28 Bn |
| 5 | Restaurant Brands International | 27.33 Bn | 24.70 Bn | 1.40 Bn | 349.00 Mn |
| 6 | Darden Restaurants | 26.09 Bn | 25.18 Bn | 1.68 Bn | 113.60 Mn |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 335.00 Mn |
| 8 | Yum China Holdings | 17.13 Bn | 11.49 Bn | 537.00 Mn | 348.00 Mn |
| 9 | Texas Roadhouse | 12.88 Bn | 12.25 Bn | - | 65.70 Mn |
| 10 | Shake Shack | 2.93 Bn | 1.62 Bn | - | 40.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 1, 2026 | 40.36 Mn |
| Apr 1, 2026 | 40.29 Mn |
| Dec 31, 2025 | 40.21 Mn |
| Sep 24, 2025 | 40.25 Mn |
| Jun 25, 2025 | 40.23 Mn |
| Mar 26, 2025 | 40.12 Mn |
| Dec 25, 2024 | 39.83 Mn |
| Sep 25, 2024 | 40.01 Mn |
| Jun 26, 2024 | 39.75 Mn |
| Mar 27, 2024 | 39.52 Mn |
| Dec 27, 2023 | 39.42 Mn |
| Sep 27, 2023 | 39.46 Mn |
| Jun 28, 2023 | 39.42 Mn |
| Mar 29, 2023 | 39.33 Mn |
| Dec 28, 2022 | 39.24 Mn |
| Sep 28, 2022 | 39.27 Mn |
| Jun 29, 2022 | 39.23 Mn |
| Mar 30, 2022 | 39.16 Mn |
| Dec 29, 2021 | 39.09 Mn |
| Sep 29, 2021 | 39.14 Mn |
API Access
Shake Shack Shares Outstanding 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&ticker=SHAK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "SHAK", "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&ticker=SHAK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();