Shares Outstanding for Nasdaq (NDAQ)
According to Nasdaq's latest reported financial statements, the company's latest reported diluted shares outstanding is 571.70M. 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 .
NDAQ
Currently viewingShares OutstandingSwitch metric
Latest period
571.70M
YoY change
-0.5%
5Y CAGR
+2.9%
Peak year (2009)
645.00M
Latest annual
576.50M
Shares Outstanding history chart for Nasdaq (NDAQ) from 1998 to 2025
Shares Outstanding history table for Nasdaq (NDAQ) from 1998 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 576.50M | -0.5% | ||
| 2024 | 579.20M | +13.9% | ||
| 2023 | 508.39M | +2.1% | ||
| 2022 | 497.86M | -1.4% | ||
| 2021 | 505.09M | +0.9% | ||
| 2020 | 500.71M | -0.0% | ||
| 2019 | 500.91M | -0.4% | ||
| 2018 | 503.10M | -1.1% | ||
| 2017 | 508.80M | +0.5% | ||
| 2016 | 506.40M | -1.5% | ||
| 2015 | 513.90M | -1.0% | ||
| 2014 | 519.00M | +1.0% | ||
| 2013 | 513.90M | -0.8% | ||
| 2012 | 517.80M | -4.1% | ||
| 2011 | 540.00M | -13.0% | ||
| 2010 | 621.00M | -3.7% | ||
| 2009 | 645.00M | +5.1% | ||
| 2008 | 613.54M | +36.5% | ||
| 2007 | 449.48M | +17.3% | ||
| 2006 | 383.04M | +32.1% | ||
| 2005 | 289.96M | +5.9% | ||
| 2004 | 273.90M | +16.4% | ||
| 2003 | 235.30M | -6.0% | ||
| 2002 | 250.22M | -31.7% | ||
| 2001 | 366.27M | +10.0% | ||
| 2000 | 332.94M | +10.8% | ||
| 1999 | 300.52M | +0.3% | ||
| 1998 | 299.61M | — |
Shares Outstanding values are taken from Nasdaq'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 Nasdaq (NDAQ) diluted shares outstanding is 576.50M – edged down 0.5% year-over-year.
Nasdaq diluted shares outstanding has recorded the values shown across consecutive periods, with a +2.9% compound annual growth rate over 2020–2025 (5 years).
Nasdaq diluted shares outstanding declined from 645.00M in 2009 to 576.50M in 2025, a 10.6% drawdown.
2009 marks the peak diluted shares outstanding at 645.00M, with the historical low of 235.30M recorded in 2003.
Nasdaq (NDAQ) sits 8th of 8 Financial Services peers we track on this metric, against a peer median of 2.06B.
Nasdaq Shares Outstanding by Year
Nasdaq Shares Outstanding 2025: 576.50M
Nasdaq diluted shares outstanding in 2025 was 576.50M, edged down 0.5% below 2024.
Nasdaq Shares Outstanding 2024: 579.20M
Nasdaq diluted shares outstanding in 2024 was 579.20M, grew 13.9% from 2023.
Nasdaq Shares Outstanding 2023: 508.39M
Nasdaq diluted shares outstanding in 2023 was 508.39M, edged up 2.1% from 2022.
Nasdaq Shares Outstanding 2022: 497.86M
Nasdaq diluted shares outstanding in 2022 was 497.86M, edged down 1.4% below 2021.
Nasdaq Shares Outstanding 2021: 505.09M
Nasdaq diluted shares outstanding in 2021 was 505.09M.
See more financial history for Nasdaq (NDAQ).
Sector peers — Shares Outstanding
Companies in the same sector as Nasdaq, 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 Nasdaq's diluted shares outstanding?
- Latest reported diluted shares outstanding for Nasdaq (NDAQ) is 571.70M (period ending March 31, 2026).
How has Nasdaq diluted shares outstanding changed year-over-year?
- Nasdaq (NDAQ) diluted shares outstanding changed -0.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Nasdaq diluted shares outstanding?
- Nasdaq (NDAQ) diluted shares outstanding compound annual growth rate is +2.9% over the most recent 5 years available.
When did Nasdaq diluted shares outstanding hit its highest annual value?
- Nasdaq diluted shares outstanding reached its highest annual value of 645.00M in 2009.
What was Nasdaq diluted shares outstanding in 2024?
- Nasdaq (NDAQ) diluted shares outstanding in 2024 was 579.20M.
What was Nasdaq diluted shares outstanding in 2025?
- Nasdaq (NDAQ) diluted shares outstanding in 2025 was 576.50M.
Metrics overview
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