Shares Outstanding for Aflac (AFL)
According to Aflac's latest reported financial statements, the company's latest reported diluted shares outstanding is 532.01M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
AFL
Currently viewingShares OutstandingSwitch metric
Latest period
532.01M
YoY change
-5.8%
5Y CAGR
-5.8%
Peak year (1993)
1.26B
Latest annual
532.01M
Shares Outstanding history chart for Aflac (AFL) from 1985 to 2025
Shares Outstanding history table for Aflac (AFL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 532.01M | -5.8% | ||
| 2024 | 565.01M | -5.6% | ||
| 2023 | 598.75M | -6.1% | ||
| 2022 | 637.65M | -5.8% | ||
| 2021 | 676.73M | -5.5% | ||
| 2020 | 716.19M | -4.1% | ||
| 2019 | 746.43M | -3.6% | ||
| 2018 | 774.65M | -2.9% | ||
| 2017 | 797.86M | -3.6% | ||
| 2016 | 827.84M | -4.4% | ||
| 2015 | 866.34M | -4.6% | ||
| 2014 | 908.00M | -2.9% | ||
| 2013 | 934.82M | -0.4% | ||
| 2012 | 938.57M | -0.0% | ||
| 2011 | 938.74M | -0.8% | ||
| 2010 | 946.17M | +0.9% | ||
| 2009 | 938.13M | -2.0% | ||
| 2008 | 957.63M | -3.1% | ||
| 2007 | 987.94M | -1.6% | ||
| 2006 | 1.00B | -1.2% | ||
| 2005 | 1.02B | -1.7% | ||
| 2004 | 1.03B | -1.1% | ||
| 2003 | 1.04B | -1.2% | ||
| 2002 | 1.06B | -1.7% | ||
| 2001 | 1.07B | -1.4% | ||
| 2000 | 1.09B | -1.1% | ||
| 1999 | 1.10B | -0.2% | ||
| 1998 | 1.10B | -1.9% | ||
| 1997 | 1.13B | -2.9% | ||
| 1996 | 1.16B | -2.1% | ||
| 1995 | 1.18B | -4.7% | ||
| 1994 | 1.24B | -1.6% | ||
| 1993 | 1.26B | +3.2% | ||
| 1992 | 1.22B | -1.3% | ||
| 1991 | 1.24B | +0.4% | ||
| 1990 | 1.23B | +6.9% | ||
| 1989 | 1.15B | -4.6% | ||
| 1988 | 1.21B | +3.8% | ||
| 1987 | 1.17B | -3.1% | ||
| 1986 | 1.20B | -0.1% | ||
| 1985 | 1.20B | — |
Shares Outstanding values are taken from Aflac's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Aflac (AFL) diluted shares outstanding is 532.01M – declined 5.8% year-over-year.
Over 2020–2025 (5 years), Aflac diluted shares outstanding expanded at a -5.8% compound annual rate, with a net decline across the window.
Aflac diluted shares outstanding peaked at 1.26B in 1993; the latest annual figure is 532.01M in 2025 (57.8% below peak).
1.26B stands as the all-time-high annual diluted shares outstanding, posted in 1993, against a low of 532.01M during 2025.
Aflac (AFL) sits 8th of 8 Financial Services peers we track on this metric, against a peer median of 2.06B.
Aflac Shares Outstanding by Year
Aflac Shares Outstanding 2025: 532.01M
Aflac diluted shares outstanding in 2025 was 532.01M, declined 5.8% below 2024. This figure represents the lowest annual value in the available history.
Aflac Shares Outstanding 2024: 565.01M
Aflac diluted shares outstanding in 2024 was 565.01M, declined 5.6% below 2023.
Aflac Shares Outstanding 2023: 598.75M
Aflac diluted shares outstanding in 2023 was 598.75M, declined 6.1% below 2022.
Aflac Shares Outstanding 2022: 637.65M
Aflac diluted shares outstanding in 2022 was 637.65M, declined 5.8% below 2021.
Aflac Shares Outstanding 2021: 676.73M
Aflac diluted shares outstanding in 2021 was 676.73M.
See more financial history for Aflac (AFL).
Sector peers — Shares Outstanding
Companies in the same sector as Aflac, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Bank of America Corporation (BAC) | 7.55B | Financial Services |
| Wells Fargo & Company (WFC) | 3.22B | Financial Services |
| JPMorgan Chase & Co. (JPM) | 2.79B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | 2.16B | Financial Services |
| Visa Inc. (V) | 1.97B | Financial Services |
| Morgan Stanley (MS) | 1.59B | Financial Services |
| Mastercard Incorporated (MA) | 898.00M | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | 317.60M | Financial Services |
Frequently asked questions
What is Aflac's diluted shares outstanding?
- Latest reported diluted shares outstanding for Aflac (AFL) is 532.01M (period ending December 31, 2025).
How has Aflac diluted shares outstanding changed year-over-year?
- Aflac (AFL) diluted shares outstanding changed -5.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Aflac diluted shares outstanding?
- Aflac (AFL) diluted shares outstanding compound annual growth rate is -5.8% over the most recent 5 years available.
When did Aflac diluted shares outstanding hit its highest annual value?
- Aflac diluted shares outstanding reached its highest annual value of 1.26B in 1993.
What was Aflac diluted shares outstanding in 2024?
- Aflac (AFL) diluted shares outstanding in 2024 was 565.01M.
What was Aflac diluted shares outstanding in 2025?
- Aflac (AFL) diluted shares outstanding in 2025 was 532.01M.
Metrics overview
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