Goldman Sachs Physical Gold ETF AAAU
CBOE AAAU
$43.72 -0.36 (-0.82%)
At close: Sep 4, 2026 · 4:00 PM EDT

Goldman Sachs Physical Gold ETF (AAAU) Operating Expenses (2019 - 2026)

Goldman Sachs Physical Gold ETF's (AAAU) quarterly Operating Expenses came in at $1.2 million in Q2 2026, up 87.62% year-over-year from $656801.0 in Q2 2025, and down 6.14% quarter-over-quarter from $1.3 million in Q1 2026.

Analysis

Goldman Sachs Physical Gold ETF (AAAU) Operating Expenses (2019 - 2026) Analysis & Trends

Goldman Sachs Physical Gold ETF has disclosed Operating Expenses across 8 years of filings, most recently posting $1.2 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 87.62% year-over-year to $1.2 million; the TTM figure through Jun 2026 stood at $4.4 million (up 130.05% YoY), while the FY2025 annual figure was $2.9 million, up 117.21% from the prior year.
  • Operating Expenses came in at $1.2 million for Q2 2026 at Goldman Sachs Physical Gold ETF, down from $1.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.3 million in Q1 2026 to a low of $185263.0 in Q4 2022.
  • Average Operating Expenses over 5 years is $491376.2, with a median of $299476.0 recorded in 2023.
  • Year-over-year, Operating Expenses decreased 20.17% in 2023 and surged 178.99% in 2026.
  • Over 5 years, Operating Expenses stood at $185263.0 in 2022, then surged by 41.34% to $261844.0 in 2023, then soared by 59.08% to $416535.0 in 2024, then jumped by 153.96% to $1.1 million in 2025, then advanced by 16.49% to $1.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $1.2 million in Q2 2026, $1.3 million in Q1 2026, and $1.1 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 169.89 Bn 156.02 Bn - 4.62 Bn
2 Spdr Gold Trust 144.81 Bn -413.20 Bn - 149.76 Mn
3 Ishares Gold Trust 30.30 Bn -29.81 Bn - 43.37 Mn
4 World Gold Trust 29.28 Bn -73.79 Bn - 7.55 Mn
5 Principal Financial 24.84 Bn -28.13 Bn 1.91 Bn 3.41 Bn
6 iShares Silver Trust 22.15 Bn -6.05 Bn - 44.44 Mn
7 Franklin Resources 17.84 Bn 14.12 Bn - 2.14 Bn
8 Invesco 14.63 Bn 13.72 Bn 1.79 Bn 1.46 Bn
9 Affiliated Managers 9.51 Bn 9.10 Bn - 486.70 Mn
10 Goldman Sachs Physical Gold ETF 2.65 Bn 2.65 Bn - 1.23 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.23 Mn
Mar 31, 2026 1.31 Mn
Dec 31, 2025 1.06 Mn
Sep 30, 2025 758,528.00
Jun 30, 2025 656,801.00
Mar 31, 2025 470,596.00
Dec 31, 2024 416,535.00
Sep 30, 2024 351,991.00
Jun 30, 2024 312,737.00
Mar 31, 2024 274,036.00
Dec 31, 2023 261,844.00
Sep 30, 2023 268,238.00
Jun 30, 2023 286,215.00
Mar 31, 2023 218,841.00
Dec 31, 2022 185,263.00
Sep 30, 2022 225,175.00
Jun 30, 2022 280,783.00
Mar 31, 2022 274,136.00
Dec 31, 2021 188,415.00
Sep 30, 2021 172,760.00