{"slug":"market-cap-and-shares-outstanding","qid":"buyback_trace","label":"Apple's basic and diluted share counts, quarter by quarter","post_title":"Market Cap and Which Share Count It Uses","post_url":"/blog/market-cap-and-shares-outstanding#q-buyback_trace","columns":["quarter_end_date","quarter_label","basic_shares_mm","diluted_shares_mm"],"rows":[{"quarter_end_date":"2021-03-27","quarter_label":"Mar 2021","basic_shares_mm":16753,"diluted_shares_mm":16929},{"quarter_end_date":"2021-06-26","quarter_label":"Jun 2021","basic_shares_mm":16629,"diluted_shares_mm":16782},{"quarter_end_date":"2021-09-25","quarter_label":"Sep 2021","basic_shares_mm":16701,"diluted_shares_mm":16865},{"quarter_end_date":"2021-12-25","quarter_label":"Dec 2021","basic_shares_mm":16392,"diluted_shares_mm":16519},{"quarter_end_date":"2022-03-26","quarter_label":"Mar 2022","basic_shares_mm":16279,"diluted_shares_mm":16403},{"quarter_end_date":"2022-06-25","quarter_label":"Jun 2022","basic_shares_mm":16163,"diluted_shares_mm":16262},{"quarter_end_date":"2022-09-24","quarter_label":"Sep 2022","basic_shares_mm":16216,"diluted_shares_mm":16326},{"quarter_end_date":"2022-12-31","quarter_label":"Dec 2022","basic_shares_mm":15893,"diluted_shares_mm":15956},{"quarter_end_date":"2023-04-01","quarter_label":"Apr 2023","basic_shares_mm":15787,"diluted_shares_mm":15847},{"quarter_end_date":"2023-07-01","quarter_label":"Jul 2023","basic_shares_mm":15698,"diluted_shares_mm":15775},{"quarter_end_date":"2023-09-30","quarter_label":"Sep 2023","basic_shares_mm":15744,"diluted_shares_mm":15813},{"quarter_end_date":"2023-12-30","quarter_label":"Dec 2023","basic_shares_mm":15510,"diluted_shares_mm":15577},{"quarter_end_date":"2024-03-30","quarter_label":"Mar 2024","basic_shares_mm":15406,"diluted_shares_mm":15465},{"quarter_end_date":"2024-06-29","quarter_label":"Jun 2024","basic_shares_mm":15288,"diluted_shares_mm":15348},{"quarter_end_date":"2024-09-28","quarter_label":"Sep 2024","basic_shares_mm":15344,"diluted_shares_mm":15408},{"quarter_end_date":"2024-12-28","quarter_label":"Dec 2024","basic_shares_mm":15082,"diluted_shares_mm":15151},{"quarter_end_date":"2025-03-29","quarter_label":"Mar 2025","basic_shares_mm":14994,"diluted_shares_mm":15056},{"quarter_end_date":"2025-06-28","quarter_label":"Jun 2025","basic_shares_mm":14903,"diluted_shares_mm":14948},{"quarter_end_date":"2025-09-27","quarter_label":"Sep 2025","basic_shares_mm":14948,"diluted_shares_mm":15005},{"quarter_end_date":"2025-12-27","quarter_label":"Dec 2025","basic_shares_mm":14748,"diluted_shares_mm":14810}],"shape":"series","sql":"SELECT\n    toString(period_end)                                                    AS quarter_end_date,\n    formatDateTime(period_end, '%b %Y')                                     AS quarter_label,\n    round(argMax(toFloat64(basic_shares_outstanding), filing_date) / 1e6)   AS basic_shares_mm,\n    round(argMax(toFloat64(diluted_shares_outstanding), filing_date) / 1e6) AS diluted_shares_mm\nFROM global_markets.stocks_income_statements\nWHERE has(tickers, 'AAPL')\n  AND timeframe = 'quarterly'\n  AND period_end >= '2021-01-01'\n  AND basic_shares_outstanding > 0\n  AND diluted_shares_outstanding > 0\nGROUP BY period_end\nORDER BY period_end","computed_at":"2026-08-22T04:16:16.117848+00:00","elapsed":0.061075666}