Warner Bros. Discovery (WBD) Shares Outstanding (2009 - 2026)
Warner Bros. Discovery (WBD) reported Shares Outstanding of 2.51 billion for Q2 2026, up 1.4% from 2.48 billion a year earlier and up 0.8% from the prior quarter.
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Analysis
Warner Bros. Discovery (WBD) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Warner Bros. Discovery posted Shares Outstanding of 2.48 billion, up 1.0% from FY2024.
- Shares Outstanding has increased for four consecutive years, with a five-year compound annual growth rate of 37.4% (FY2020 to FY2025).
- By year, Shares Outstanding came in at 2.45 billion in FY2024 (+0.6%), 2.44 billion in FY2023 (+25.6%), 1.94 billion in FY2022 (+285.7%) and 503 million in FY2021 (-0.4%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding in data going back to Q1 2009.
- Year over year, Shares Outstanding has now increased in each of the last 18 quarters, with growth averaging 1.0% over the last eight quarters.
- The high point for year-over-year Shares Outstanding in five years was Q3 2022 (growth of 379.8%); the low point was Q4 2021 (a decline of 0.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 2.49 billion (Q1 2026), 2.48 billion (Q4 2025) and 2.48 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.50 Bn | 63.16 Bn | 4.10 Bn | 2.51 Bn |
| 2 | Fox | 27.18 Bn | 13.09 Bn | - | 431.00 Mn |
| 3 | Omnicom | 20.60 Bn | 3.30 Bn | 1.30 Bn | 279.90 Mn |
| 4 | News | 16.19 Bn | 8.39 Bn | - | 556.50 Mn |
| 5 | Paramount Skydance | 11.39 Bn | 9.31 Bn | - | 1.10 Bn |
| 6 | New York Times | 10.30 Bn | 7.79 Bn | 394.61 Mn | 162.04 Mn |
| 7 | Pearson | 10.14 Bn | 7.28 Bn | - | 651.30 Mn |
| 8 | Sirius Xm Holdings | 8.74 Bn | 8.32 Bn | 1.44 Bn | 337.00 Mn |
| 9 | 36Kr Holdings | 6.25 Bn | 6.19 Bn | - | 1.06 Bn |
| 10 | Wpp | 5.52 Bn | -6.28 Bn | - | 215.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.51 Bn |
| Mar 31, 2026 | 2.49 Bn |
| Dec 31, 2025 | 2.48 Bn |
| Sep 30, 2025 | 2.48 Bn |
| Jun 30, 2025 | 2.48 Bn |
| Mar 31, 2025 | 2.46 Bn |
| Dec 31, 2024 | 2.45 Bn |
| Sep 30, 2024 | 2.45 Bn |
| Jun 30, 2024 | 2.45 Bn |
| Mar 31, 2024 | 2.44 Bn |
| Dec 31, 2023 | 2.44 Bn |
| Sep 30, 2023 | 2.44 Bn |
| Jun 30, 2023 | 2.44 Bn |
| Mar 31, 2023 | 2.43 Bn |
| Dec 31, 2022 | 1.94 Bn |
| Sep 30, 2022 | 2.43 Bn |
| Jun 30, 2022 | 2.29 Bn |
| Mar 31, 2022 | 591.00 Mn |
| Dec 31, 2021 | 503.00 Mn |
| Sep 30, 2021 | 506.00 Mn |
API Access
Warner Bros. Discovery Shares Outstanding 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&ticker=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "WBD", "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&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();