United Airlines Holdings (UAL) Shares Outstanding (Diluted) (2009 - 2026)
United Airlines Holdings' Shares Outstanding (Diluted) came in at 326.6 million for Q2 2026, down 0.2% from 327.2 million a year earlier and down 0.1% from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, United Airlines Holdings' Shares Outstanding (Diluted) was 328.5 million, down 1.4% from FY2024.
- Shares Outstanding (Diluted) carries a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 333.2 million in FY2024 (+0.4%), 331.9 million in FY2023 (+0.5%), 330.1 million in FY2022 (+2.5%) and 321.9 million in FY2021 (+15.2%).
- The Q2 2026 figure represents the lowest quarterly Shares Outstanding (Diluted) since Q1 2022.
- Year-over-year, Shares Outstanding (Diluted) has declined for five consecutive quarters, with an average decline of 0.7% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q4 2021 (growth of 15.2%), and the weakest in Q2 2025 (a decline of 2.0%).
- Business Quant data shows UAL's Shares Outstanding (Diluted) at 326.8 million (Q1 2026), 328.5 million (Q4 2025) and 326.9 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 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 594.50 Mn |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 1.85 Bn |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 887.10 Mn |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 851.00 Mn |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 225.20 Mn |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 239.00 Mn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 659.00 Mn |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 208.72 Mn |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | 327.40 Mn |
| 10 | Ryanair Holdings | 28.01 Bn | 11.66 Bn | - | 532.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 327.40 Mn |
| Jun 30, 2026 | 326.60 Mn |
| Mar 31, 2026 | 326.80 Mn |
| Dec 31, 2025 | 328.50 Mn |
| Sep 30, 2025 | 326.90 Mn |
| Jun 30, 2025 | 327.20 Mn |
| Mar 31, 2025 | 333.00 Mn |
| Dec 31, 2024 | 333.20 Mn |
| Sep 30, 2024 | 332.70 Mn |
| Jun 30, 2024 | 333.90 Mn |
| Mar 31, 2024 | 328.30 Mn |
| Dec 31, 2023 | 331.90 Mn |
| Sep 30, 2023 | 332.40 Mn |
| Jun 30, 2023 | 331.50 Mn |
| Mar 31, 2023 | 327.40 Mn |
| Dec 31, 2022 | 330.10 Mn |
| Sep 30, 2022 | 329.50 Mn |
| Jun 30, 2022 | 330.30 Mn |
| Mar 31, 2022 | 325.00 Mn |
| Dec 31, 2021 | 321.90 Mn |
API Access
United Airlines Holdings 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=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "UAL", "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=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();