Shares Outstanding for Hershey (HSY)
According to Hershey's latest reported financial statements, the company's latest reported diluted shares outstanding is 203.27M. 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 .

HSY
Currently viewingShares OutstandingSwitch metric
Latest period
203.27M
YoY change
-0.1%
5Y CAGR
-0.6%
Peak year (1985)
380.00M
Latest annual
203.27M
Shares Outstanding history chart for Hershey (HSY) from 1985 to 2025
Shares Outstanding history table for Hershey (HSY) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 203.27M | -0.1% | ||
| 2024 | 203.49M | -1.0% | ||
| 2023 | 205.55M | -0.5% | ||
| 2022 | 206.57M | -0.6% | ||
| 2021 | 207.76M | -0.8% | ||
| 2020 | 209.41M | -0.6% | ||
| 2019 | 210.70M | -0.1% | ||
| 2018 | 210.99M | -1.3% | ||
| 2017 | 213.74M | -0.7% | ||
| 2016 | 215.30M | -2.4% | ||
| 2015 | 220.65M | -1.9% | ||
| 2014 | 224.84M | -1.0% | ||
| 2013 | 227.20M | -0.5% | ||
| 2012 | 228.34M | -0.7% | ||
| 2011 | 229.92M | -0.2% | ||
| 2010 | 230.31M | +0.6% | ||
| 2009 | 229.00M | +0.1% | ||
| 2008 | 228.70M | -1.2% | ||
| 2007 | 231.45M | -3.1% | ||
| 2006 | 238.91M | -3.8% | ||
| 2005 | 248.29M | -3.4% | ||
| 2004 | 256.93M | -2.9% | ||
| 2003 | 264.50M | -4.0% | ||
| 2002 | 275.48M | +0.0% | ||
| 2001 | 275.39M | -2.9% | ||
| 2000 | 283.51M | +0.4% | ||
| 1999 | 282.39M | -3.1% | ||
| 1998 | 291.37M | -3.4% | ||
| 1997 | 301.61M | -3.4% | ||
| 1996 | 312.23M | -7.8% | ||
| 1995 | 338.65M | -2.6% | ||
| 1994 | 347.55M | -3.8% | ||
| 1993 | 361.31M | -0.2% | ||
| 1992 | 362.09M | -0.2% | ||
| 1991 | 362.81M | -0.0% | ||
| 1990 | 362.86M | +0.7% | ||
| 1989 | 360.21M | -0.6% | ||
| 1988 | 362.54M | +0.3% | ||
| 1987 | 361.46M | -3.4% | ||
| 1986 | 374.08M | -1.6% | ||
| 1985 | 380.00M | — |
Shares Outstanding values are taken from Hershey'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
In 2025, Hershey (HSY) diluted shares outstanding totalled 203.27M – edged down 0.1% year-over-year.
Hershey diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is -0.6%, with a net decline across the window.
Hershey diluted shares outstanding peaked at 380.00M in 1985; the latest annual figure is 203.27M in 2025 (46.5% below peak).
Across the available history, diluted shares outstanding reached its high of 380.00M in 1985 and its low of 203.27M in 2025.
Among 8 Consumer Defensive peers, Hershey (HSY) ranks 9th; the peer median for diluted shares outstanding is 1.62B.
Hershey Shares Outstanding by Year
Hershey Shares Outstanding 2025: 203.27M
Hershey diluted shares outstanding in 2025 was 203.27M, edged down 0.1% below 2024. This figure represents the lowest annual value in the available history.
Hershey Shares Outstanding 2024: 203.49M
Hershey diluted shares outstanding in 2024 was 203.49M, edged down 1.0% below 2023.
Hershey Shares Outstanding 2023: 205.55M
Hershey diluted shares outstanding in 2023 was 205.55M, edged down 0.5% below 2022.
Hershey Shares Outstanding 2022: 206.57M
Hershey diluted shares outstanding in 2022 was 206.57M, edged down 0.6% below 2021.
Hershey Shares Outstanding 2021: 207.76M
Hershey diluted shares outstanding in 2021 was 207.76M.
See more financial history for Hershey (HSY).
Sector peers — Shares Outstanding
Companies in the same sector as Hershey, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Walmart Inc. (WMT) | 8.02B | Consumer Defensive |
| The Coca-Cola Company (KO) | 4.31B | Consumer Defensive |
| The Procter & Gamble Company (PG) | 2.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | 1.68B | Consumer Defensive |
| Philip Morris International Inc. (PM) | 1.56B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | 1.37B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | 984.45M | Consumer Defensive |
| Costco Wholesale Corporation (COST) | 444.80M | Consumer Defensive |
Frequently asked questions
What is Hershey's diluted shares outstanding?
- Latest reported diluted shares outstanding for Hershey (HSY) is 203.27M (period ending December 31, 2025).
How has Hershey diluted shares outstanding changed year-over-year?
- Hershey (HSY) diluted shares outstanding changed -0.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Hershey diluted shares outstanding?
- Hershey (HSY) diluted shares outstanding compound annual growth rate is -0.6% over the most recent 5 years available.
When did Hershey diluted shares outstanding hit its highest annual value?
- Hershey diluted shares outstanding reached its highest annual value of 380.00M in 1985.
What was Hershey diluted shares outstanding in 2024?
- Hershey (HSY) diluted shares outstanding in 2024 was 203.49M.
What was Hershey diluted shares outstanding in 2025?
- Hershey (HSY) diluted shares outstanding in 2025 was 203.27M.
Metrics overview
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