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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

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearShares, fourth quarterChange
FY2025205M−5%
FY2024215.1M−5%
FY2023226.6M−7%
FY2022244.6M−16%
FY2021292.8M−23%
FY2020380.7M−10%
FY2019425M−3%
FY2018440.3M+0%
FY2017438.9M+1%
FY2016435.4M+1%
FY2015431.4M−0%
FY2014432.1M−2%
FY2013442.9M−4%
FY2012462M−10%
FY2011514M+4%

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
Q3 FY26185.6M−12%
Q2 FY26190.4M−11%
Q1 FY26197.9M−8%
Q4 FY25205M−5%
Q3 FY25210.6M−2%
Q2 FY25213.2M−4%
Q1 FY25215M−4%
Q4 FY24215.1M−5%
Q3 FY24214.9M−6%
Q2 FY24222.5M−6%
Q1 FY24223.8M−8%
Q4 FY23226.6M−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.