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Cleveland-Cliffs shares outstanding CLF

Diluted shares outstanding, averaged over each quarter, from 2008.

Latest quarter, to Jun 30, 2026
571M
On a year earlier
+15.4%
more shares

Cleveland-Cliffs had 571M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.

That is 15.4% more than a year earlier, so each share owns a little less of the company.

Shares outstanding over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearShares, fourth quarterChange
FY2025547M+13%
FY2024486M−4%
FY2023505M−2%
FY2022516M−3%
FY2021531M+26%
FY2020420M+53%
FY2019274.8M−10%
FY2018306M+2%
FY2017300.4M+28%
FY2016234.8M+53%
FY2015153.3M+0%
FY2014153.1M−15%
FY2013179.4M+26%
FY2012142.4M−0%
FY2011143.1M+5%

Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.

Quarter by quarter

QuarterEndedShares outstandingOn a year earlier
Q2 FY26571M+15%
Q1 FY26570M+15%
Q4 FY25547M+13%
Q3 FY25495M+6%
Q2 FY25495M+4%
Q1 FY25495M+1%
Q4 FY24486M−4%
Q3 FY24468M−8%
Q2 FY24474M−8%
Q1 FY24492M−4%
Q4 FY23505M−2%
Q3 FY23509M−2%

What the shares outstanding tells you

Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.

A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.

More on Cleveland-Cliffs

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.