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
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 547M | +13% |
| FY2024 | 486M | −4% |
| FY2023 | 505M | −2% |
| FY2022 | 516M | −3% |
| FY2021 | 531M | +26% |
| FY2020 | 420M | +53% |
| FY2019 | 274.8M | −10% |
| FY2018 | 306M | +2% |
| FY2017 | 300.4M | +28% |
| FY2016 | 234.8M | +53% |
| FY2015 | 153.3M | +0% |
| FY2014 | 153.1M | −15% |
| FY2013 | 179.4M | +26% |
| FY2012 | 142.4M | −0% |
| FY2011 | 143.1M | +5% |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 571M | +15% | |
| Q1 FY26 | 570M | +15% | |
| Q4 FY25 | 547M | +13% | |
| Q3 FY25 | 495M | +6% | |
| Q2 FY25 | 495M | +4% | |
| Q1 FY25 | 495M | +1% | |
| Q4 FY24 | 486M | −4% | |
| Q3 FY24 | 468M | −8% | |
| Q2 FY24 | 474M | −8% | |
| Q1 FY24 | 492M | −4% | |
| Q4 FY23 | 505M | −2% | |
| Q3 FY23 | 509M | −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.