SuperworthDuolingo shares outstanding DUOL
Diluted shares outstanding, averaged over each quarter, from 2020.
- Latest quarter, to Jun 30, 2026
- 50M
- On a year earlier
- +2.1%
- more shares
Duolingo had 50M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 2.1% 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 |
|---|---|---|
| FY2023 | 46.8M | +16% |
| FY2022 | 40.2M | +7% |
| FY2021 | 37.8M | +179% |
| FY2020 | 13.5M | n/a |
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 | 50M | +2% | |
| Q1 FY26 | 49M | +1% | |
| Q3 FY25 | 49.1M | +2% | |
| Q2 FY25 | 49M | +3% | |
| Q1 FY25 | 48.5M | +2% | |
| Q3 FY24 | 48M | +2% | |
| Q2 FY24 | 47.8M | +2% | |
| Q1 FY24 | 47.4M | +17% | |
| Q4 FY23 | 46.8M | +16% | |
| Q3 FY23 | 46.9M | +18% | |
| Q2 FY23 | 46.9M | +19% | |
| Q1 FY23 | 40.6M | +5% |
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 Duolingo
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.