The recovered share count against the filed diluted count
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-22, from Market Cap and Which Share Count It Uses.
| ticker | implied_shares_mm | filed_diluted_shares_mm | gap_pct | period_covered | priced_on |
|---|---|---|---|---|---|
| JPM | 2658 | 2782 | 4.43 | Dec 31, 2025 | Aug 20, 2026 |
| AAPL | 14594 | 14810 | 1.46 | Dec 27, 2025 | Aug 20, 2026 |
| NVDA | 24221 | 24391 | 0.7 | Apr 26, 2026 | Aug 20, 2026 |
| MSFT | 7426 | 7460 | 0.46 | Dec 31, 2025 | Aug 20, 2026 |
| KO | 4303 | 4313 | 0.24 | Jul 3, 2026 | Aug 20, 2026 |
- Rows × columns
- 5 × 6
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
ticker |
text | 5 distinct values (AAPL, JPM, KO…) | |
implied_shares_mm |
number | 2,658 to 24,221 | count |
filed_diluted_shares_mm |
number | 2,782 to 24,391 | count |
gap_pct |
number | 0.24 to 4.43 | percent |
period_covered |
text | 4 distinct values (Apr 26, 2026, Dec 27, 2025, Dec 31, 2025…) | |
priced_on |
text | 1 distinct value (Aug 20, 2026) |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
WITH vendor AS
(
SELECT
ticker,
argMax(toFloat64(market_cap), date) AS mkt_cap,
argMax(toFloat64(price), date) AS px,
argMax(formatDateTime(date, '%b %e, %Y'), date) AS priced_on
FROM global_markets.stocks_ratios
WHERE ticker IN ('AAPL', 'MSFT', 'NVDA', 'KO', 'JPM', 'XOM')
AND price > 0
AND market_cap > 0
GROUP BY ticker
),
filed AS
(
SELECT
ticker,
argMax(toFloat64(diluted_shares_outstanding), (filing_date, period_end)) AS diluted,
argMax(formatDateTime(period_end, '%b %e, %Y'), (filing_date, period_end)) AS period_covered
FROM
(
SELECT
arrayJoin(tickers) AS ticker,
filing_date,
period_end,
diluted_shares_outstanding
FROM global_markets.stocks_income_statements
WHERE hasAny(tickers, ['AAPL', 'MSFT', 'NVDA', 'KO', 'JPM', 'XOM'])
AND timeframe = 'quarterly'
AND diluted_shares_outstanding > 0
)
WHERE ticker IN ('AAPL', 'MSFT', 'NVDA', 'KO', 'JPM', 'XOM')
GROUP BY ticker
)
SELECT
v.ticker AS ticker,
round(v.mkt_cap / v.px / 1e6) AS implied_shares_mm,
round(f.diluted / 1e6) AS filed_diluted_shares_mm,
round(abs(v.mkt_cap / v.px - f.diluted) * 100 / f.diluted, 2) AS gap_pct,
f.period_covered AS period_covered,
v.priced_on AS priced_on
FROM vendor AS v
INNER JOIN filed AS f ON f.ticker = v.ticker
ORDER BY gap_pct DESC
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