Novo-Nordisk A shares outstanding 1985–2026What are shares outstanding? Shares outstanding are all the shares a company has issued that investors hold, insiders included. Their number times the share price is the market value.
Novo-Nordisk A/S had 4,408,355,419 shares outstanding on 12 November 2026. Novo-Nordisk A/S had 4.44B diluted shares on average over the last twelve months, down 0.3% on the twelve months before. In fiscal year 2025 the average was 4.45B.
Last updated 11 Nov 2026 · Next report 3 Feb 2027
Shares outstanding
Change on the year
| Fiscal year | Period ending | Shares outstanding | Change on the year | Basic shares |
|---|---|---|---|---|
| TTM | 30 Sept 2026 | 4.44B | -0.25% | 4.43B |
| FY2025 | 31 Dec 2025 | 4.45B | -0.34% | 4.45B |
| FY2024 | 31 Dec 2024 | 4.46B | -0.71% | 4.45B |
| FY2023 | 31 Dec 2023 | 4.49B | -1.10% | 4.48B |
| FY2022 | 31 Dec 2022 | 4.54B | -1.34% | 4.53B |
| FY2021 | 31 Dec 2021 | 4.61B | -1.58% | 4.59B |
| FY2020 | 31 Dec 2020 | 4.68B | -1.63% | 4.67B |
| FY2019 | 31 Dec 2019 | 4.76B | -1.89% | 4.75B |
| FY2018 | 31 Dec 2018 | 4.85B | -2.17% | 4.84B |
| FY2017 | 31 Dec 2017 | 4.96B | -2.25% | 4.96B |
| FY2016 | 31 Dec 2016 | 5.07B | -1.68% | 5.07B |
| FY2015 | 31 Dec 2015 | 5.16B | -1.97% | 5.16B |
| FY2014 | 31 Dec 2014 | 5.26B | -2.35% | 5.26B |
| FY2013 | 31 Dec 2013 | 5.39B | -2.35% | 5.39B |
| FY2012 | 31 Dec 2012 | 5.52B | -3.24% | 5.48B |
| FY2011 | 31 Dec 2011 | 5.70B | -2.62% | 5.65B |
| FY2010 | 31 Dec 2010 | 5.85B | -3.11% | 5.81B |
| FY2009 | 31 Dec 2009 | 6.04B | -2.95% | 5.99B |
| FY2008 | 31 Dec 2008 | 6.23B | -2.05% | 6.18B |
| FY2007 | 31 Dec 2007 | 6.36B | -1.58% | 6.31B |
| FY2006 | 31 Dec 2006 | 6.46B | -1.98% | 6.42B |
| FY2005 | 31 Dec 2005 | 6.59B | -2.95% | 6.57B |
| FY2004 | 31 Dec 2004 | 6.79B | -1.31% | 6.76B |
| FY2003 | 31 Dec 2003 | 6.88B | -1.46% | 6.83B |
| FY2002 | 31 Dec 2002 | 6.98B | +0.66% | 6.93B |
| FY2001 | 31 Dec 2001 | 6.94B | -0.06% | 6.89B |
| FY2000 | 31 Dec 2000 | 6.94B | -1.13% | 6.92B |
| FY1999 | 31 Dec 1999 | 7.02B | -4.49% | 7.02B |
| FY1998 | 31 Dec 1998 | 7.35B | -2.48% | 7.35B |
| FY1997 | 31 Dec 1997 | 7.54B | +0.88% | 7.54B |
| FY1996 | 31 Dec 1996 | 7.47B | -0.57% | 7.47B |
| FY1995 | 31 Dec 1995 | 7.51B | +0.56% | 7.51B |
| FY1994 | 31 Dec 1994 | 7.47B | -0.60% | 7.47B |
| FY1993 | 31 Dec 1993 | 7.52B | +0.04% | 7.52B |
| FY1992 | 31 Dec 1992 | 7.51B | +28.99% | 7.51B |
| FY1991 | 31 Dec 1991 | 5.83B | -7.03% | 5.83B |
| FY1990 | 31 Dec 1990 | 6.27B | -22.29% | 6.27B |
| FY1989 | 31 Dec 1989 | 8.06B | +56.42% | 8.06B |
| FY1988 | 31 Dec 1988 | 5.16B | +1.41% | 5.16B |
| FY1987 | 31 Dec 1987 | 5.08B | +0.25% | 5.08B |
| FY1986 | 31 Dec 1986 | 5.07B | +0.98% | 5.07B |
| FY1985 | 31 Dec 1985 | 5.02B | — | 5.02B |
| Quarter | Period ending | Shares outstanding | Growth on a year before | Basic shares |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 4.42B | -0.54% | 4.42B |
| Q2 FY2026 | 30 Jun 2026 | 4.44B | -0.25% | 4.43B |
| Q1 FY2026 | 31 Mar 2026 | 4.45B | +0.05% | 4.44B |
| Q4 FY2025 | 31 Dec 2025 | 4.45B | -0.28% | 4.45B |
| Q3 FY2025 | 30 Sept 2025 | 4.45B | -0.31% | 4.45B |
| Q2 FY2025 | 30 Jun 2025 | 4.45B | -0.42% | 4.45B |
| Q1 FY2025 | 31 Mar 2025 | 4.45B | -0.54% | 4.44B |
| Q4 FY2024 | 31 Dec 2024 | 4.46B | -0.38% | 4.45B |
| Q3 FY2024 | 30 Sept 2024 | 4.46B | -0.63% | 4.45B |
| Q2 FY2024 | 30 Jun 2024 | 4.47B | -0.83% | 4.46B |
| Q1 FY2024 | 31 Mar 2024 | 4.47B | -0.95% | 4.46B |
| Q4 FY2023 | 31 Dec 2023 | 4.48B | -1.00% | 4.46B |
| Q3 FY2023 | 30 Sept 2023 | 4.49B | -1.06% | 4.48B |
| Q2 FY2023 | 30 Jun 2023 | 4.50B | -1.09% | 4.49B |
| Q1 FY2023 | 31 Mar 2023 | 4.51B | -1.17% | 4.50B |
| Q4 FY2022 | 31 Dec 2022 | 4.52B | -1.38% | 4.51B |
| Q3 FY2022 | 30 Sept 2022 | 4.54B | -1.25% | 4.52B |
| Q2 FY2022 | 30 Jun 2022 | 4.55B | -1.31% | 4.54B |
| Q1 FY2022 | 31 Mar 2022 | 4.57B | -1.39% | 4.55B |
| Q4 FY2021 | 31 Dec 2021 | 4.59B | -1.50% | 4.57B |
| Q3 FY2021 | 30 Sept 2021 | 4.59B | -1.62% | 4.58B |
| Q2 FY2021 | 30 Jun 2021 | 4.61B | -1.65% | 4.60B |
| Q1 FY2021 | 31 Mar 2021 | 4.63B | -1.66% | 4.62B |
| Q4 FY2020 | 31 Dec 2020 | 4.66B | -1.64% | 4.64B |
| Q3 FY2020 | 30 Sept 2020 | 4.67B | -1.61% | 4.66B |
| Q2 FY2020 | 30 Jun 2020 | 4.69B | -1.62% | 4.68B |
| Q1 FY2020 | 31 Mar 2020 | 4.71B | -1.49% | 4.70B |
| Q4 FY2019 | 31 Dec 2019 | 4.73B | -2.27% | 4.72B |
| Q3 FY2019 | 30 Sept 2019 | 4.75B | -1.90% | 4.74B |
| Q2 FY2019 | 30 Jun 2019 | 4.77B | -1.95% | 4.76B |
| Q1 FY2019 | 31 Mar 2019 | 4.78B | -2.13% | 4.78B |
| Q4 FY2018 | 31 Dec 2018 | 4.84B | -2.10% | 4.83B |
| Q3 FY2018 | 30 Sept 2018 | 4.84B | -2.03% | 4.83B |
| Q2 FY2018 | 30 Jun 2018 | 4.86B | -1.03% | 4.85B |
| Q1 FY2018 | 31 Mar 2018 | 4.88B | -2.31% | 4.87B |
| Q4 FY2017 | 31 Dec 2017 | 4.95B | -1.72% | 4.94B |
| Q3 FY2017 | 30 Sept 2017 | 4.94B | -2.43% | 4.93B |
| Q2 FY2017 | 30 Jun 2017 | 4.91B | -3.33% | 4.90B |
| Q1 FY2017 | 31 Mar 2017 | 5.00B | -1.96% | 4.99B |
| Q4 FY2016 | 31 Dec 2016 | 5.03B | -2.25% | 5.03B |
| Q3 FY2016 | 30 Sept 2016 | 5.06B | -1.59% | 5.05B |
| Q2 FY2016 | 30 Jun 2016 | 5.08B | -1.68% | 5.07B |
| Q1 FY2016 | 31 Mar 2016 | 5.10B | -2.08% | 5.09B |
| Q4 FY2015 | 31 Dec 2015 | 5.15B | -1.94% | 5.14B |
| Q3 FY2015 | 30 Sept 2015 | 5.14B | -1.92% | 5.13B |
| Q2 FY2015 | 30 Jun 2015 | 5.17B | -2.02% | 5.16B |
| Q1 FY2015 | 31 Mar 2015 | 5.21B | -1.84% | 5.19B |
| Q4 FY2014 | 31 Dec 2014 | 5.25B | -1.77% | 5.24B |
| Q3 FY2014 | 30 Sept 2014 | 5.24B | -2.21% | 5.23B |
| Q2 FY2014 | 30 Jun 2014 | 5.27B | -2.41% | 5.26B |
| Q1 FY2014 | 31 Mar 2014 | 5.31B | -2.58% | 5.28B |
| Q4 FY2013 | 31 Dec 2013 | 5.35B | -2.07% | 5.32B |
| Q3 FY2013 | 30 Sept 2013 | 5.36B | -2.10% | 5.34B |
| Q2 FY2013 | 30 Jun 2013 | 5.41B | -2.15% | 5.38B |
| Q1 FY2013 | 31 Mar 2013 | 5.45B | -6.09% | 5.42B |
| Q4 FY2012 | 31 Dec 2012 | 5.46B | -4.06% | 5.46B |
| Q3 FY2012 | 30 Sept 2012 | 5.48B | -3.57% | 5.45B |
| Q2 FY2012 | 30 Jun 2012 | 5.52B | -3.73% | 5.49B |
| Q1 FY2012 | 31 Mar 2012 | 5.80B | +0.57% | 5.80B |
| Q4 FY2011 | 31 Dec 2011 | 5.69B | -2.06% | 5.64B |
| Q3 FY2011 | 30 Sept 2011 | 5.68B | -2.44% | 5.64B |
| Q2 FY2011 | 30 Jun 2011 | 5.74B | -2.56% | 5.69B |
| Q1 FY2011 | 31 Mar 2011 | 5.77B | -2.75% | 5.72B |
| Q4 FY2010 | 31 Dec 2010 | 5.81B | -2.93% | 5.76B |
| Q3 FY2010 | 30 Sept 2010 | 5.82B | -3.18% | 5.78B |
| Q2 FY2010 | 30 Jun 2010 | 5.89B | -3.13% | 5.84B |
| Q1 FY2010 | 31 Mar 2010 | 5.93B | -0.37% | 5.88B |
| Q4 FY2009 | 31 Dec 2009 | 5.99B | -3.54% | 5.93B |
| Q3 FY2009 | 30 Sept 2009 | 6.01B | -2.78% | 5.96B |
| Q2 FY2009 | 30 Jun 2009 | 6.08B | -2.94% | 6.03B |
| Q1 FY2009 | 31 Mar 2009 | 5.95B | -4.99% | 5.90B |
| Q4 FY2008 | 31 Dec 2008 | 6.21B | -2.42% | 6.16B |
| Q3 FY2008 | 30 Sept 2008 | 6.19B | -2.79% | 6.14B |
| Q2 FY2008 | 30 Jun 2008 | 6.26B | -2.17% | 6.21B |
| Q1 FY2008 | 31 Mar 2008 | 6.26B | -2.02% | 6.21B |
| Q4 FY2007 | 31 Dec 2007 | 6.36B | -1.35% | 6.31B |
| Q3 FY2007 | 30 Sept 2007 | 6.36B | -1.13% | 6.32B |
| Q2 FY2007 | 30 Jun 2007 | 6.40B | -1.36% | 6.36B |
| Q1 FY2007 | 31 Mar 2007 | 6.39B | -1.70% | 6.35B |
| Q4 FY2006 | 31 Dec 2006 | 6.45B | -1.51% | 6.41B |
| Q3 FY2006 | 30 Sept 2006 | 6.44B | -1.56% | 6.40B |
| Q2 FY2006 | 30 Jun 2006 | 6.49B | -1.90% | 6.46B |
| Q1 FY2006 | 31 Mar 2006 | 6.50B | -2.41% | 6.50B |
| Q4 FY2005 | 31 Dec 2005 | 6.55B | -2.68% | 6.54B |
| Q3 FY2005 | 30 Sept 2005 | 6.54B | -3.65% | 6.54B |
| Q2 FY2005 | 30 Jun 2005 | 6.62B | -2.65% | 6.62B |
| Q1 FY2005 | 31 Mar 2005 | 6.66B | -1.93% | 6.66B |
| Q4 FY2004 | 31 Dec 2004 | 6.73B | -2.02% | 6.71B |
| Q3 FY2004 | 30 Sept 2004 | 6.79B | -0.96% | 6.79B |
| Q2 FY2004 | 30 Jun 2004 | 6.80B | -1.16% | 6.80B |
| Q1 FY2004 | 31 Mar 2004 | 6.80B | -1.99% | 6.80B |
| Q4 FY2003 | 31 Dec 2003 | 6.87B | -1.32% | 6.84B |
| Q3 FY2003 | 30 Sept 2003 | 6.85B | -1.06% | 6.85B |
| Q2 FY2003 | 30 Jun 2003 | 6.88B | -0.97% | 6.88B |
| Q1 FY2003 | 31 Mar 2003 | 6.93B | -0.13% | 6.93B |
| Q4 FY2002 | 31 Dec 2002 | 6.96B | +0.26% | 6.93B |
| Q3 FY2002 | 30 Sept 2002 | 6.93B | -0.04% | 6.93B |
| Q2 FY2002 | 30 Jun 2002 | 6.94B | +0.32% | 6.94B |
| Q1 FY2002 | 31 Mar 2002 | 6.94B | +0.13% | 6.94B |
| Q4 FY2001 | 31 Dec 2001 | 6.94B | +0.03% | 6.91B |
| Q3 FY2001 | 30 Sept 2001 | 6.93B | -2.47% | 6.93B |
| Q2 FY2001 | 30 Jun 2001 | 6.92B | -1.13% | 6.92B |
| Q1 FY2001 | 31 Mar 2001 | 6.93B | -1.50% | 6.93B |
| Q4 FY2000 | 31 Dec 2000 | 6.94B | -1.18% | 6.93B |
| Q3 FY2000 | 30 Sept 2000 | 7.10B | +1.48% | 7.10B |
| Q2 FY2000 | 30 Jun 2000 | 7.00B | -0.57% | 7.00B |
| Q1 FY2000 | 31 Mar 2000 | 7.04B | -0.85% | 7.04B |
| Q4 FY1999 | 31 Dec 1999 | 7.02B | -4.49% | 7.02B |
| Q3 FY1999 | 30 Sept 1999 | 7.00B | -7.89% | 7.00B |
| Q2 FY1999 | 30 Jun 1999 | 7.04B | -4.60% | 7.04B |
| Q1 FY1999 | 31 Mar 1999 | 7.10B | -5.90% | 7.10B |
| Q4 FY1998 | 31 Dec 1998 | 7.35B | -2.54% | 7.35B |
| Q3 FY1998 | 30 Sept 1998 | 7.60B | +2.47% | 7.60B |
| Q2 FY1998 | 30 Jun 1998 | 7.38B | -2.20% | 7.38B |
| Q1 FY1998 | 31 Mar 1998 | 7.55B | -2.64% | 7.55B |
| Q4 FY1997 | 31 Dec 1997 | 7.54B | +2.29% | 7.54B |
| Q3 FY1997 | 30 Sept 1997 | 7.42B | +1.98% | 7.42B |
| Q2 FY1997 | 30 Jun 1997 | 7.55B | +0.29% | 7.55B |
| Q1 FY1997 | 31 Mar 1997 | 7.75B | -0.36% | 7.75B |
| Q4 FY1996 | 31 Dec 1996 | 7.37B | -3.58% | 7.37B |
| Q3 FY1996 | 30 Sept 1996 | 7.27B | -4.55% | 7.27B |
| Q2 FY1996 | 30 Jun 1996 | 7.52B | -0.17% | 7.52B |
| Q1 FY1996 | 31 Mar 1996 | 7.78B | +3.06% | 7.78B |
| Q4 FY1995 | 31 Dec 1995 | 7.65B | +1.82% | 7.65B |
| Q3 FY1995 | 30 Sept 1995 | 7.62B | +2.80% | 7.62B |
| Q2 FY1995 | 30 Jun 1995 | 7.54B | +0.48% | 7.54B |
| Q1 FY1995 | 31 Mar 1995 | 7.55B | +1.48% | 7.55B |
| Q4 FY1994 | 31 Dec 1994 | 7.51B | +0.44% | 7.51B |
| Q3 FY1994 | 30 Sept 1994 | 7.41B | -4.21% | 7.41B |
| Q2 FY1994 | 30 Jun 1994 | 7.50B | +0.45% | 7.50B |
| Q1 FY1994 | 31 Mar 1994 | 7.44B | -4.46% | 7.44B |
| Q4 FY1993 | 31 Dec 1993 | 7.48B | -2.25% | 7.48B |
| Q3 FY1993 | 30 Sept 1993 | 7.74B | +2.05% | 7.74B |
| Q2 FY1993 | 30 Jun 1993 | 7.47B | -2.27% | 7.47B |
| Q1 FY1993 | 31 Mar 1993 | 7.78B | +7.25% | 7.78B |
| Q4 FY1992 | 31 Dec 1992 | 7.65B | +16.93% | 7.65B |
| Q3 FY1992 | 30 Sept 1992 | 7.58B | +19.97% | 7.58B |
| Q2 FY1992 | 30 Jun 1992 | 7.64B | +20.89% | 7.64B |
| Q1 FY1992 | 31 Mar 1992 | 7.26B | +14.83% | 7.26B |
| Q4 FY1991 | 31 Dec 1991 | 6.54B | +3.94% | 6.54B |
| Q3 FY1991 | 30 Sept 1991 | 6.32B | 0.00% | 6.32B |
| Q2 FY1991 | 30 Jun 1991 | 6.32B | 0.00% | 6.32B |
| Q1 FY1991 | 31 Mar 1991 | 6.32B | 0.00% | 6.32B |
| Q4 FY1990 | 31 Dec 1990 | 6.29B | -12.50% | 6.29B |
| Q3 FY1990 | 30 Sept 1990 | 6.32B | +23.92% | 6.32B |
| Q2 FY1990 | 30 Jun 1990 | 6.32B | +23.92% | 6.32B |
| Q1 FY1990 | 31 Mar 1990 | 6.32B | +23.92% | 6.32B |
| Q4 FY1989 | 31 Dec 1989 | 7.19B | +41.02% | 7.19B |
| Q3 FY1989 | 30 Sept 1989 | 5.10B | 0.00% | 5.10B |
| Q2 FY1989 | 30 Jun 1989 | 5.10B | 0.00% | 5.10B |
| Q1 FY1989 | 31 Mar 1989 | 5.10B | 0.00% | 5.10B |
| Q4 FY1988 | 31 Dec 1988 | 5.10B | 0.00% | 5.10B |
| Q3 FY1988 | 30 Sept 1988 | 5.10B | 0.00% | 5.10B |
| Q2 FY1988 | 30 Jun 1988 | 5.10B | 0.00% | 5.10B |
| Q1 FY1988 | 31 Mar 1988 | 5.10B | 0.00% | 5.10B |
| Q4 FY1987 | 31 Dec 1987 | 5.10B | +0.39% | 5.10B |
| Q3 FY1987 | 30 Sept 1987 | 5.10B | +0.39% | 5.10B |
| Q2 FY1987 | 30 Jun 1987 | 5.10B | +0.39% | 5.10B |
| Q1 FY1987 | 31 Mar 1987 | 5.10B | +0.39% | 5.10B |
| Q4 FY1986 | 31 Dec 1986 | 5.08B | +0.40% | 5.08B |
| Q3 FY1986 | 30 Sept 1986 | 5.08B | +0.40% | 5.08B |
| Q2 FY1986 | 30 Jun 1986 | 5.08B | — | 5.08B |
| Q1 FY1986 | 31 Mar 1986 | 5.08B | — | 5.08B |
| Q4 FY1985 | 31 Dec 1985 | 5.06B | — | 5.06B |
| Q3 FY1985 | 30 Sept 1985 | 5.06B | — | 5.06B |
Figures in DKK. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Operating income,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Novo-Nordisk A's shares
Source: Financial Modeling PrepVerified against SEC filings
