Franco Nevada (FNV) Operating Expenses (2010 - 2026)
Franco Nevada (FNV) posted quarterly Operating Expenses of $9.2 million for Q1 2026, down 91.99% YoY from $114.9 million in Q1 2025, and up 19.48% sequentially from $7.7 million in Q4 2025.
Franco Nevada (FNV) Operating Expenses (2010 - 2026) Analysis & Trends
Franco Nevada has disclosed Operating Expenses across 17 years of filings, most recently posting $9.2 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 91.99% year-over-year to $9.2 million; the TTM figure through Mar 2026 stood at $93.0 million (down 70.68% YoY), while the FY2025 annual figure was $35.3 million, down 65.93% from the prior year.
- Operating Expenses grew to $9.2 million in Q1 2026, from $7.7 million in the prior quarter.
- Over the last five years, Operating Expenses for FNV reached as high as $1.3 billion in Q4 2023 and fell as low as $7.6 million in Q3 2024.
- The 5-year median for Operating Expenses is $104.2 million (2023), against an average of $155.9 million.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 2919.05% — and 2024, when it sank 93.8%.
- A 5-year view of Operating Expenses shows it stood at $131.5 million in 2022, then surged by 881.67% to $1.3 billion in 2023, then tumbled by 91.97% to $103.6 million in 2024, then tumbled by 92.57% to $7.7 million in 2025, then climbed by 19.48% to $9.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $9.2 million, $7.7 million, and $12.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 155.00 Mn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | -7.01 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 2.84 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -19.25 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 89.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -1.16 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 9.20 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 83.10 Mn |
| 10 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | -39,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.20 Mn |
| Dec 31, 2025 | 7.70 Mn |
| Sep 30, 2025 | 12.50 Mn |
| Jun 30, 2025 | 63.60 Mn |
| Mar 31, 2025 | 114.90 Mn |
| Dec 31, 2024 | 103.60 Mn |
| Sep 30, 2024 | 7.60 Mn |
| Jun 30, 2024 | 91.10 Mn |
| Mar 31, 2024 | 98.60 Mn |
| Dec 31, 2023 | 1.29 Bn |
| Sep 30, 2023 | 122.50 Mn |
| Jun 30, 2023 | 129.40 Mn |
| Mar 31, 2023 | 104.20 Mn |
| Dec 31, 2022 | 131.50 Mn |
| Sep 30, 2022 | 116.00 Mn |
| Jun 30, 2022 | 120.70 Mn |
| Mar 31, 2022 | 126.80 Mn |
| Dec 31, 2021 | 60.60 Mn |
| Sep 30, 2021 | 4.50 Mn |
| Jun 30, 2021 | 141.80 Mn |