Warner Bros. Discovery (WBD) Shares Outstanding (Diluted) (2009 - 2026)
Warner Bros. Discovery (WBD) posted Shares Outstanding (Diluted) of 2.58 billion for Q2 2026, up 3.0% from 2.5 billion a year earlier and up 3.3% from the prior quarter.
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Analysis
Warner Bros. Discovery (WBD) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Warner Bros. Discovery's Shares Outstanding (Diluted) came in at 2.53 billion, up 3.3% from FY2024.
- Annual Shares Outstanding (Diluted) has increased for four consecutive years, with a five-year compound annual growth rate of 30.4% (FY2020 to FY2025).
- In prior years, Warner Bros. Discovery's Shares Outstanding (Diluted) was 2.45 billion in FY2024 (+0.6%), 2.44 billion in FY2023 (+25.6%), 1.94 billion in FY2022 (+192.2%) and 664 million in FY2021 (-1.2%).
- The Q2 2026 figure stands as the highest quarterly Shares Outstanding (Diluted) in data going back to Q1 2009.
- On a year-over-year basis, Shares Outstanding (Diluted) has increased in each of the last 17 quarters, with growth averaging 1.6% over the last eight quarters.
- The strongest year-over-year quarter for Shares Outstanding (Diluted) in the past five years was Q3 2022, with growth of 266.2%; the weakest was Q3 2021, with a decline of 1.3%.
- According to Business Quant data, Shares Outstanding (Diluted) for the three prior quarters was 2.49 billion (Q1 2026), 2.53 billion (Q4 2025) and 2.48 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.50 Bn | 63.16 Bn | 4.10 Bn | 2.58 Bn |
| 2 | Fox | 27.18 Bn | 13.09 Bn | - | 439.00 Mn |
| 3 | Omnicom | 20.60 Bn | 3.30 Bn | 1.30 Bn | 281.00 Mn |
| 4 | News | 16.19 Bn | 8.39 Bn | - | 558.40 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 | 163.04 Mn |
| 7 | Pearson | 10.14 Bn | 7.28 Bn | - | 660.30 Mn |
| 8 | Sirius Xm Holdings | 8.74 Bn | 8.32 Bn | 1.44 Bn | 342.00 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 | 2.58 Bn |
| Mar 31, 2026 | 2.49 Bn |
| Dec 31, 2025 | 2.53 Bn |
| Sep 30, 2025 | 2.48 Bn |
| Jun 30, 2025 | 2.50 Bn |
| Mar 31, 2025 | 2.46 Bn |
| Dec 31, 2024 | 2.45 Bn |
| Sep 30, 2024 | 2.47 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 | 665.00 Mn |
| Dec 31, 2021 | 664.00 Mn |
| Sep 30, 2021 | 663.00 Mn |
API Access
Warner Bros. Discovery 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=WBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=WBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();