SLM shares outstanding SLM
Diluted shares outstanding, averaged over each quarter, from 2008.
- Latest quarter, to Sep 30, 2026
- 185.6M
- On a year earlier
- −11.9%
- fewer shares
SLM had 185.6M diluted shares outstanding on average in Q3 FY26, the quarter to Sep 30, 2026.
That is 11.9% fewer than a year earlier, so each share owns a little more of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 205M | −5% |
| FY2024 | 215.1M | −5% |
| FY2023 | 226.6M | −7% |
| FY2022 | 244.6M | −16% |
| FY2021 | 292.8M | −23% |
| FY2020 | 380.7M | −10% |
| FY2019 | 425M | −3% |
| FY2018 | 440.3M | +0% |
| FY2017 | 438.9M | +1% |
| FY2016 | 435.4M | +1% |
| FY2015 | 431.4M | −0% |
| FY2014 | 432.1M | −2% |
| FY2013 | 442.9M | −4% |
| FY2012 | 462M | −10% |
| FY2011 | 514M | +4% |
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 |
|---|---|---|---|
| Q3 FY26 | 185.6M | −12% | |
| Q2 FY26 | 190.4M | −11% | |
| Q1 FY26 | 197.9M | −8% | |
| Q4 FY25 | 205M | −5% | |
| Q3 FY25 | 210.6M | −2% | |
| Q2 FY25 | 213.2M | −4% | |
| Q1 FY25 | 215M | −4% | |
| Q4 FY24 | 215.1M | −5% | |
| Q3 FY24 | 214.9M | −6% | |
| Q2 FY24 | 222.5M | −6% | |
| Q1 FY24 | 223.8M | −8% | |
| Q4 FY23 | 226.6M | −7% |
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 SLM
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.