Shake Shack (SHAK) Shares Outstanding (Diluted) (2014 - 2026)
Shake Shack (SHAK) recorded Shares Outstanding (Diluted) of 41.87 million in Q2 2026, up 0.1% from 41.82 million a year earlier and up 3.9% from the prior quarter.
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Analysis
Shake Shack (SHAK) Shares Outstanding (Diluted) (2014 - 2026) Analysis & Trends
For FY2025, Shake Shack reported Shares Outstanding (Diluted) of 41.85 million, down 5.3% from FY2024.
- Annual Shares Outstanding (Diluted) has a five-year compound annual growth rate of 2.4% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 44.2 million in FY2024 (+0.7%), 43.9 million in FY2023 (+11.9%), 39.24 million in FY2022 (+0.4%) and 39.09 million in FY2021 (+5.3%).
- Quarterly Shares Outstanding (Diluted) has ranged from 39.09 million in Q4 2021 to 44.2 million in Q4 2024 over the past five years.
- On a year-over-year basis, Shares Outstanding (Diluted) rose in five of the last eight quarters, with an average decline of 1.3%.
- Peak year-over-year performance for Shares Outstanding (Diluted) in the last five years was growth of 12.0% in Q3 2023, against a decline of 10.4% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 40.29 million (Q1 2026), 41.85 million (Q4 2025) and 41.87 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.96 Bn | 166.78 Bn | 6.42 Bn | 711.10 Mn |
| 2 | Starbucks | 110.34 Bn | 97.96 Bn | - | 1.14 Bn |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | 277.00 Mn |
| 4 | Chipotle Mexican Grill | 39.00 Bn | 34.98 Bn | - | 1.28 Bn |
| 5 | Restaurant Brands International | 25.80 Bn | 21.35 Bn | 1.38 Bn | 460.00 Mn |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 114.40 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 336.00 Mn |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 349.00 Mn |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | 65.92 Mn |
| 10 | Shake Shack | 2.84 Bn | 1.50 Bn | - | 41.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 1, 2026 | 41.87 Mn |
| Apr 1, 2026 | 40.29 Mn |
| Dec 31, 2025 | 41.85 Mn |
| Sep 24, 2025 | 41.87 Mn |
| Jun 25, 2025 | 41.82 Mn |
| Mar 26, 2025 | 41.86 Mn |
| Dec 25, 2024 | 44.20 Mn |
| Sep 25, 2024 | 40.01 Mn |
| Jun 26, 2024 | 41.48 Mn |
| Mar 27, 2024 | 41.26 Mn |
| Dec 27, 2023 | 43.90 Mn |
| Sep 27, 2023 | 43.98 Mn |
| Jun 28, 2023 | 43.89 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 (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=SHAK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=SHAK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();