Unitedhealth (UNH) Shares Outstanding (Diluted) (2009 - 2026)
Unitedhealth (UNH) reported Weighted Average Shares Outstanding (Diluted) of 902 million for Q3 2026, down 0.7% from 908 million a year earlier and down 0.4% from the prior quarter.
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Analysis
Unitedhealth (UNH) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Unitedhealth posted Weighted Average Shares Outstanding (Diluted) of 911 million, down 1.9% from FY2024.
- Weighted Average Shares Outstanding (Diluted) has declined for eight consecutive years, with a five-year compound annual growth rate of -1.1% (FY2020 to FY2025).
- By year, Weighted Average Shares Outstanding (Diluted) came in at 929 million in FY2024 (-1.0%), 938 million in FY2023 (-1.3%), 950 million in FY2022 (-0.6%) and 956 million in FY2021 (-0.5%).
- The Q3 2026 figure ranks as the lowest quarterly Weighted Average Shares Outstanding (Diluted) in data going back to Q1 2009.
- Year over year, Weighted Average Shares Outstanding (Diluted) has now declined in each of the last 34 quarters, with an average decline of 1.2% over the last eight quarters.
- The year-over-year decline in Weighted Average Shares Outstanding (Diluted) has ranged between 0.3% (Q1 2022) and 2.4% (Q3 2025) over the last five years.
- Per Business Quant data, the three quarters before Q3 2026 came in at 906 million (Q2 2026), 910 million (Q1 2026) and 911 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 365.22 Bn | 251.88 Bn | 35.71 Bn | 902.00 Mn |
| 2 | Mckesson | 127.33 Bn | 111.26 Bn | 3.96 Bn | 116.70 Mn |
| 3 | Cvs Health | 114.34 Bn | 63.29 Bn | 47.21 Bn | 1.29 Bn |
| 4 | Elevance Health | 92.86 Bn | -49.61 Bn | 13.65 Bn | 217.60 Mn |
| 5 | Cigna | 78.25 Bn | 47.45 Bn | 15.09 Bn | 263.79 Mn |
| 6 | Cencora | 68.51 Bn | 68.51 Bn | 3.60 Bn | 193.94 Mn |
| 7 | Cardinal Health | 64.97 Bn | 48.29 Bn | 2.60 Bn | 233.00 Mn |
| 8 | Humana | 54.10 Bn | -36.68 Bn | 4.83 Bn | 121.83 Mn |
| 9 | Centene | 35.04 Bn | -39.00 Bn | 8.24 Bn | 493.12 Mn |
| 10 | Molina Healthcare | 10.90 Bn | -24.10 Bn | 1.36 Bn | 51.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 902.00 Mn |
| Jun 30, 2026 | 906.00 Mn |
| Mar 31, 2026 | 910.00 Mn |
| Dec 31, 2025 | 911.00 Mn |
| Sep 30, 2025 | 908.00 Mn |
| Jun 30, 2025 | 910.00 Mn |
| Mar 31, 2025 | 918.00 Mn |
| Dec 31, 2024 | 929.00 Mn |
| Sep 30, 2024 | 930.00 Mn |
| Jun 30, 2024 | 928.00 Mn |
| Mar 31, 2024 | 922.00 Mn |
| Dec 31, 2023 | 938.00 Mn |
| Sep 30, 2023 | 936.00 Mn |
| Jun 30, 2023 | 940.00 Mn |
| Mar 31, 2023 | 943.00 Mn |
| Dec 31, 2022 | 950.00 Mn |
| Sep 30, 2022 | 948.00 Mn |
| Jun 30, 2022 | 950.00 Mn |
| Mar 31, 2022 | 954.00 Mn |
| Dec 31, 2021 | 956.00 Mn |
API Access
Unitedhealth 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=UNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "UNH", "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=UNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();