Stocks

Shares outstanding

The total shares issued and held by investors, including certain restricted holdings.

Plain-English context

Put the definition to work.

ILLUSTRATIVE EXAMPLE

A buyback can reduce shares outstanding; new issuance or option exercises can increase them. Weighted-average diluted shares used in EPS are a separate measure.

IMPORTANT DISTINCTION

Period-end issued shares, tradable float and weighted-average diluted EPS shares are different quantities.

Further reading and verification. Examples are hypothetical, not current quotes or recommendations. Product terms, tax treatment and market rules can change. Investor.gov — investing glossary

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