Shares Outstanding for Telephone and Data Systems (TDS)
According to Telephone and Data Systems's latest reported financial statements, the company's latest reported diluted shares outstanding is 117.52M. 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 .
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Latest period
117.52M
YoY change
+1.0%
5Y CAGR
+0.0%
Peak year (1998)
164.66M
Latest annual
115.18M
Shares Outstanding history chart for Telephone and Data Systems (TDS) from 1985 to 2025
Shares Outstanding history table for Telephone and Data Systems (TDS) from 1985 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 115.18M | +1.0% | ||
| 2024 | 114.00M | +0.9% | ||
| 2023 | 113.00M | -0.9% | ||
| 2022 | 114.00M | -1.7% | ||
| 2021 | 116.00M | +0.9% | ||
| 2020 | 115.00M | -0.9% | ||
| 2019 | 116.00M | +1.8% | ||
| 2018 | 114.00M | +1.8% | ||
| 2017 | 112.00M | +0.9% | ||
| 2016 | 111.00M | +1.0% | ||
| 2015 | 109.91M | +1.3% | ||
| 2014 | 108.48M | -0.6% | ||
| 2013 | 109.13M | +0.2% | ||
| 2012 | 108.94M | -8.1% | ||
| 2011 | 118.59M | +3.4% | ||
| 2010 | 114.69M | -3.7% | ||
| 2009 | 119.11M | -5.7% | ||
| 2008 | 126.37M | -2.4% | ||
| 2007 | 129.49M | +2.0% | ||
| 2006 | 127.01M | +0.7% | ||
| 2005 | 126.18M | +0.8% | ||
| 2004 | 125.15M | -0.3% | ||
| 2003 | 125.49M | -1.6% | ||
| 2002 | 127.49M | -0.0% | ||
| 2001 | 127.53M | -3.3% | ||
| 2000 | 131.82M | +24.5% | ||
| 1999 | 105.86M | -35.7% | ||
| 1998 | 164.66M | +25.1% | ||
| 1997 | 131.58M | -0.6% | ||
| 1996 | 132.44M | +4.4% | ||
| 1995 | 126.82M | +6.6% | ||
| 1994 | 118.95M | +16.4% | ||
| 1993 | 102.21M | +18.4% | ||
| 1992 | 86.36M | +20.8% | ||
| 1991 | 71.48M | +8.8% | ||
| 1990 | 65.73M | +8.0% | ||
| 1989 | 60.87M | +15.8% | ||
| 1988 | 52.58M | +8.4% | ||
| 1987 | 48.50M | +5.0% | ||
| 1986 | 46.20M | -6.1% | ||
| 1985 | 49.20M | — |
Shares Outstanding values are taken from Telephone and Data Systems'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, Telephone and Data Systems (TDS) diluted shares outstanding totalled 115.18M – edged up 1.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Telephone and Data Systems diluted shares outstanding compounded at +0.0% per year, sustaining 2 straight years of year-over-year growth.
Telephone and Data Systems diluted shares outstanding plunged from 164.66M in 1998 to 115.18M in 2025, a 30.1% drawdown.
Across the available history, diluted shares outstanding reached its high of 164.66M in 1998 and its low of 46.20M in 1986.
Within Communication Services, Telephone and Data Systems (TDS) ranks 9th among 8 peers we track. The peer median for diluted shares outstanding is 3.93B.
Telephone and Data Systems Shares Outstanding by Year
Telephone and Data Systems Shares Outstanding 2025: 115.18M
Telephone and Data Systems diluted shares outstanding in 2025 was 115.18M, edged up 1.0% from 2024.
Telephone and Data Systems Shares Outstanding 2024: 114.00M
Telephone and Data Systems diluted shares outstanding in 2024 was 114.00M, edged up 0.9% from 2023.
Telephone and Data Systems Shares Outstanding 2023: 113.00M
Telephone and Data Systems diluted shares outstanding in 2023 was 113.00M, edged down 0.9% below 2022.
Telephone and Data Systems Shares Outstanding 2022: 114.00M
Telephone and Data Systems diluted shares outstanding in 2022 was 114.00M, edged down 1.7% below 2021.
Telephone and Data Systems Shares Outstanding 2021: 116.00M
Telephone and Data Systems diluted shares outstanding in 2021 was 116.00M.
See more financial history for Telephone and Data Systems (TDS).
Sector peers — Shares Outstanding
Companies in the same sector as Telephone and Data Systems, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | 12.23B | Communication Services |
| AT&T Inc. (T) | 7.18B | Communication Services |
| Netflix, Inc. (NFLX) | 4.32B | Communication Services |
| Verizon Communications Inc. (VZ) | 4.23B | Communication Services |
| Comcast Corporation (CMCSA) | 3.64B | Communication Services |
| Meta Platforms, Inc. (META) | 2.57B | Communication Services |
| The Walt Disney Company (DIS) | 1.81B | Communication Services |
| T-Mobile US, Inc. (TMUS) | 1.13B | Communication Services |
Frequently asked questions
What is Telephone and Data Systems's diluted shares outstanding?
- Latest reported diluted shares outstanding for Telephone and Data Systems (TDS) is 117.52M (period ending December 31, 2025).
How has Telephone and Data Systems diluted shares outstanding changed year-over-year?
- Telephone and Data Systems (TDS) diluted shares outstanding changed +1.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Telephone and Data Systems diluted shares outstanding?
- Telephone and Data Systems (TDS) diluted shares outstanding compound annual growth rate is +0.0% over the most recent 5 years available.
When did Telephone and Data Systems diluted shares outstanding hit its highest annual value?
- Telephone and Data Systems diluted shares outstanding reached its highest annual value of 164.66M in 1998.
What was Telephone and Data Systems diluted shares outstanding in 2024?
- Telephone and Data Systems (TDS) diluted shares outstanding in 2024 was 114.00M.
What was Telephone and Data Systems diluted shares outstanding in 2025?
- Telephone and Data Systems (TDS) diluted shares outstanding in 2025 was 115.18M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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