Spdr Gold Trust (GLD) Operating Expenses (2009 - 2026)
Spdr Gold Trust (GLD) recorded Operating Expenses of $149.76 million in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 51.5% from $98.83 million a year earlier but down 9.6% from the prior quarter.
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Analysis
Spdr Gold Trust (GLD) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Spdr Gold Trust's Operating Expenses came in at $564.02 million as of Jun 30, 2026, up 74.5% year-over-year; for FY2025 (ended Sep 30, 2025), it came in at $363.08 million, up 50.0% from FY2024.
- Annual Operating Expenses has a three-year compound annual growth rate of 15.0% (FY2022 to FY2025).
- Across earlier fiscal years, Operating Expenses came in at $242.09 million in FY2024 (+9.2%), $221.61 million in FY2023 (-7.1%) and $238.5 million in FY2022.
- Quarterly Operating Expenses has ranged from $51.5 million in fiscal Q1 2023 to $165.65 million in fiscal Q2 2026 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for 12 consecutive quarters, with growth averaging 57.7% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 1.0% (fiscal Q4 2023) to 106.1% (fiscal Q2 2026).
- Per Business Quant, the preceding three fiscal quarters came in at $165.65 million (Q2 2026), $140.41 million (Q1 2026) and $108.19 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 174.92 Bn | 121.05 Bn | - | 4.62 Bn |
| 2 | Spdr Gold Trust | 136.71 Bn | -421.29 Bn | - | 149.76 Mn |
| 3 | Blackstone | 88.22 Bn | 78.20 Bn | - | 2.38 Bn |
| 4 | Brookfield | 83.92 Bn | -99.40 Bn | - | 14.94 Bn |
| 5 | Kkr | 79.85 Bn | -3.72 Mn | - | 5.41 Bn |
| 6 | Brookfield Asset Management | 73.42 Bn | 68.22 Bn | - | 659.00 Mn |
| 7 | Apollo Global Management | 65.92 Bn | -16.87 Bn | 10.56 Bn | 8.74 Bn |
| 8 | Wheaton Precious Metals | 59.50 Bn | 54.92 Bn | 687.86 Mn | 133.83 Mn |
| 9 | Franco Nevada | 46.38 Bn | 43.74 Bn | 451.00 Mn | 5.30 Mn |
| 10 | Ameriprise Financial | 44.72 Bn | 6.14 Bn | 4.72 Bn | 3.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 149.76 Mn |
| Mar 31, 2026 | 165.65 Mn |
| Dec 31, 2025 | 140.41 Mn |
| Sep 30, 2025 | 108.19 Mn |
| Jun 30, 2025 | 98.83 Mn |
| Mar 31, 2025 | 80.37 Mn |
| Dec 31, 2024 | 75.69 Mn |
| Sep 30, 2024 | 68.33 Mn |
| Jun 30, 2024 | 62.14 Mn |
| Mar 31, 2024 | 55.88 Mn |
| Dec 31, 2023 | 55.75 Mn |
| Sep 30, 2023 | 56.15 Mn |
| Jun 30, 2023 | 59.09 Mn |
| Mar 31, 2023 | 54.88 Mn |
| Dec 31, 2022 | 51.50 Mn |
| Sep 30, 2022 | 55.56 Mn |
| Jun 30, 2022 | 64.77 Mn |
| Mar 31, 2022 | 61.06 Mn |
| Dec 31, 2021 | 57.11 Mn |
| Sep 30, 2021 | 58.98 Mn |
API Access
Spdr Gold Trust Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();