Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Air Canada's shares outstanding for the quarter that ended in Mar. 2026 was 287 Mil.
Air Canada's quarterly shares outstanding
declined
from Dec. 2025 (295 Mil) to Mar. 2026 (287 Mil).
It means Air Canadabought back shares from Dec. 2025 to Mar. 2026 .
Air Canada's annual shares outstanding
declined
from Dec. 2024 (340 Mil) to Dec. 2025 (295 Mil).
It means Air Canadabought back shares from Dec. 2024 to Dec. 2025 .
Air Canada (TSX:AC) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Air Canada Shares Outstanding (EOP) Related Terms
Air Canada Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Air Canada's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSX:AC vs DAL, UAL, LUV: Shares Outstanding (EOP) Comparison
For the Airlines subindustry, Air Canada's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Air Canada Shares Outstanding (EOP) vs Transportation Industry
For the Transportation industry and Industrials sector, Air Canada's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Air Canada's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 287 Mil mean?
Air Canada (TSX:AC) has a Shares Outstanding (EOP) of 287 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Air Canada and its competitors.
Is Air Canada's Shares Outstanding (EOP) too high?
Air Canada's current Shares Outstanding (EOP) is 287 Mil. Overall, Air Canada has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Canada's Shares Outstanding (EOP) compare to DAL and UAL?
Air Canada's Shares Outstanding (EOP) of 287 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Transportation company?
A good Shares Outstanding (EOP) depends on the Transportation industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Air Canada and its competitors. Air Canada's current Shares Outstanding (EOP) is 287 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Canada stock overvalued right now?
Based on GuruFocus' analysis, Air Canada (TSX:AC) is currently considered Fairly Valued. The stock's GF Value™ is C$24.10, compared to a current price of C$24.67 — trading 2.4% above its estimated fair value. The current Shares Outstanding (EOP) is 287 Mil. Air Canada's overall GF Score™ is 86/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Air Canada (TSX:AC), the current Shares Outstanding (EOP) is 287 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Air Canada (TSX:AC) Overvalued in 2026?
Based on GuruFocus' analysis, Air Canada stock appears to be overvalued.
The current stock price of C$24.67 is trading 2.4% above its estimated GF Value™ of C$24.10.
GuruFocus considers Air Canada to be Fairly Valued.
Key valuation signals for TSX:AC:
Shares Outstanding (EOP): 287 Mil
GF Value™: C$24.10 vs. price of C$24.67 (2.4% above fair value)
No single metric tells the full story. See the TSX:AC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year, together with its low-cost subbrand, Rouge, and contracts for regional connection flights into its network. Air Canada is a sixth-freedom airline, which flies many passengers on long-haul trips to and from the US with a layover in Canada.
86GF Score
Get the complete analysis for TSX:AC
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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