United Parcel Service (UPS) Shares Outstanding (Diluted) (2009 - 2026)
United Parcel Service's Weighted Average Shares Outstanding (Diluted) was 852 million in Q3 2026, up 0.5% from 848 million a year earlier and up 0.1% from the prior quarter.
Powered by 
Analysis
United Parcel Service (UPS) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Weighted Average Shares Outstanding (Diluted) at United Parcel Service came in at 850 million, down 0.7% from FY2024.
- Weighted Average Shares Outstanding (Diluted) has now declined for four consecutive years, with a five-year compound annual growth rate of -0.5% (FY2020 to FY2025).
- In earlier years, Weighted Average Shares Outstanding (Diluted) was 856 million in FY2024 (-0.5%), 860 million in FY2023 (-1.7%), 875 million in FY2022 (-0.3%) and 878 million in FY2021 (+0.8%).
- The Q3 2026 figure marks the highest quarterly Weighted Average Shares Outstanding (Diluted) since Q4 2024.
- Compared with a year earlier, Weighted Average Shares Outstanding (Diluted) was higher in two of the last eight quarters, with an average decline of 0.4%.
- The best year-over-year quarter for Weighted Average Shares Outstanding (Diluted) over five years was Q4 2021 (growth of 0.8%); the worst was Q4 2023 (a decline of 1.7%).
- Per Business Quant data, UPS's Weighted Average Shares Outstanding (Diluted) in the three quarters before Q3 2026 was 851 million (Q2 2026), 850 million (Q1 2026) and 850 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 594.50 Mn |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 1.85 Bn |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 852.00 Mn |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 877.60 Mn |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 239.00 Mn |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 225.20 Mn |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 659.00 Mn |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | 327.40 Mn |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 208.12 Mn |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | 532.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 852.00 Mn |
| Jun 30, 2026 | 851.00 Mn |
| Mar 31, 2026 | 850.00 Mn |
| Dec 31, 2025 | 850.00 Mn |
| Sep 30, 2025 | 848.00 Mn |
| Jun 30, 2025 | 847.00 Mn |
| Mar 31, 2025 | 850.00 Mn |
| Dec 31, 2024 | 856.00 Mn |
| Sep 30, 2024 | 855.00 Mn |
| Jun 30, 2024 | 857.00 Mn |
| Mar 31, 2024 | 857.00 Mn |
| Dec 31, 2023 | 860.00 Mn |
| Sep 30, 2023 | 858.00 Mn |
| Jun 30, 2023 | 861.00 Mn |
| Mar 31, 2023 | 865.00 Mn |
| Dec 31, 2022 | 875.00 Mn |
| Sep 30, 2022 | 872.00 Mn |
| Jun 30, 2022 | 876.00 Mn |
| Mar 31, 2022 | 879.00 Mn |
| Dec 31, 2021 | 878.00 Mn |
API Access
United Parcel Service 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=UPS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "UPS", "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=UPS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();