Zebra Technologies (ZBRA) Shares Outstanding (Diluted) (2009 - 2026)
Zebra Technologies' Shares Outstanding (Diluted) came in at 48.13 million for Q2 2026, down 6.1% from 51.28 million a year earlier and down 2.6% from the prior quarter.
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Analysis
Zebra Technologies (ZBRA) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Zebra Technologies' Shares Outstanding (Diluted) was 51.21 million, down 1.3% from FY2024.
- Shares Outstanding (Diluted) carries a five-year compound annual growth rate of -1.0% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 51.88 million in FY2024 (+0.3%), 51.71 million in FY2023 (-1.6%), 52.56 million in FY2022 (-2.5%) and 53.9 million in FY2021 (unchanged).
- The Q2 2026 figure represents the lowest quarterly Shares Outstanding (Diluted) in data going back to Q2 2009.
- Year-over-year, Shares Outstanding (Diluted) has declined for five consecutive quarters, with an average decline of 1.6% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q3 2024 (growth of 1.1%), and the weakest in Q2 2026 (a decline of 6.1%).
- Business Quant data shows ZBRA's Shares Outstanding (Diluted) at 49.43 million (Q1 2026), 51.21 million (Q4 2025) and 51.17 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,825.63 Bn | 4,573.12 Bn | 54.77 Bn | 14.71 Bn |
| 2 | Cisco Systems | 429.17 Bn | 365.10 Bn | 11.06 Bn | 3.99 Bn |
| 3 | Dell Technologies | 346.69 Bn | 302.44 Bn | 9.83 Bn | 652.00 Mn |
| 4 | Sandisk | 261.00 Bn | 249.52 Bn | 7.58 Bn | 155.00 Mn |
| 5 | Arista Networks | 257.88 Bn | 211.33 Bn | 1.91 Bn | 1.28 Bn |
| 6 | Seagate Technology Holdings | 214.45 Bn | 209.44 Bn | 1.90 Bn | 229.00 Mn |
| 7 | Western Digital | 166.98 Bn | 155.11 Bn | 2.03 Bn | 383.00 Mn |
| 8 | Sony | 144.46 Bn | 94.85 Bn | 6.53 Bn | 6.01 Bn |
| 9 | Lumentum Holdings | 92.66 Bn | 84.47 Bn | 477.30 Mn | 74.60 Mn |
| 10 | Zebra Technologies | 17.76 Bn | 16.31 Bn | 825.00 Mn | 48.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 4, 2026 | 48.13 Mn |
| Apr 4, 2026 | 49.43 Mn |
| Dec 31, 2025 | 51.21 Mn |
| Sep 27, 2025 | 51.17 Mn |
| Jun 28, 2025 | 51.28 Mn |
| Mar 29, 2025 | 51.81 Mn |
| Dec 31, 2024 | 51.88 Mn |
| Sep 28, 2024 | 51.92 Mn |
| Jun 29, 2024 | 51.83 Mn |
| Mar 30, 2024 | 51.79 Mn |
| Dec 31, 2023 | 51.71 Mn |
| Sep 30, 2023 | 51.34 Mn |
| Jul 1, 2023 | 51.71 Mn |
| Apr 1, 2023 | 51.75 Mn |
| Dec 31, 2022 | 52.56 Mn |
| Oct 1, 2022 | 52.16 Mn |
| Jul 2, 2022 | 52.14 Mn |
| Apr 2, 2022 | 53.45 Mn |
| Dec 31, 2021 | 53.90 Mn |
| Oct 2, 2021 | 53.87 Mn |
API Access
Zebra Technologies 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=ZBRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "ZBRA", "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=ZBRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();