SuperworthShake Shack shares outstanding SHAK
Diluted shares outstanding, averaged over each quarter, from 2014.
- Latest quarter, to Jul 1, 2026
- 41.9M
- On a year earlier
- +0.1%
- more shares
Shake Shack had 41.9M diluted shares outstanding on average in Q2 FY26, the quarter to Jul 1, 2026.
That is about the same as a year earlier.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 41.8M | −6% |
| FY2024 | 44.3M | +1% |
| FY2023 | 43.9M | +12% |
| FY2022 | 39.3M | +51% |
| FY2021 | 26M | −32% |
| FY2020 | 38.4M | +13% |
| FY2019 | 33.9M | +15% |
| FY2018 | 29.4M | +12% |
| FY2017 | 26.3M | +4% |
| FY2016 | 25.4M | +53% |
| FY2015 | 16.6M | −45% |
| FY2014 | 30M | 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 | 41.9M | +0% | |
| Q1 FY26 | 40.3M | −4% | |
| Q4 FY25 | 41.8M | −6% | |
| Q3 FY25 | 41.9M | +5% | |
| Q2 FY25 | 41.8M | +1% | |
| Q1 FY25 | 41.9M | +1% | |
| Q4 FY24 | 44.3M | +1% | |
| Q3 FY24 | 40M | −9% | |
| Q2 FY24 | 41.5M | −5% | |
| Q1 FY24 | 41.3M | +5% | |
| Q4 FY23 | 43.9M | +12% | |
| Q3 FY23 | 44M | +12% |
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 Shake Shack
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.