United Parcel Service (UPS) Shares Outstanding (Diluted) (2009 - 2026)
United Parcel Service's Shares Outstanding (Diluted) was 851 million in Q2 2026, up 0.5% from 847 million a year earlier and up 0.1% from the prior quarter.
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Analysis
United Parcel Service (UPS) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at United Parcel Service came in at 850 million, down 0.7% from FY2024.
- 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, 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 Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) since Q4 2024.
- Compared with a year earlier, Shares Outstanding (Diluted) was higher in 1 of the last eight quarters, with an average decline of 0.5%.
- The best year-over-year quarter for 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 Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 850 million (Q1 2026), 850 million (Q4 2025) and 848 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 594.00 Mn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 1.86 Bn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 887.10 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 851.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 225.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 239.00 Mn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 658.00 Mn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 208.72 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 532.20 Mn |
| 10 | Copart | 25.27 Bn | 9.69 Bn | 645.66 Mn | 956.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 879.00 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();