Ishares Gold Trust (IAU) Operating Expenses (2010 - 2026)
Ishares Gold Trust's (IAU) quarterly Operating Expenses came in at $43.4 million in Q2 2026, up 51.75% year-over-year from $28.6 million in Q2 2025, and down 8.53% quarter-over-quarter from $47.4 million in Q1 2026.
Analysis
Ishares Gold Trust (IAU) Operating Expenses (2010 - 2026) Analysis & Trends
Ishares Gold Trust has disclosed Operating Expenses across 17 years of filings, most recently posting $43.4 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 51.75% year-over-year to $43.4 million; the TTM figure through Jun 2026 stood at $163.4 million (up 80.09% YoY), while the FY2025 annual figure was $124.0 million, up 69.01% from the prior year.
- Operating Expenses came in at $43.4 million for Q2 2026 at Ishares Gold Trust, down from $47.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $47.4 million in Q1 2026 to a low of $16.0 million in Q4 2022.
- Average Operating Expenses over 5 years is $23.7 million, with a median of $18.6 million recorded in 2022.
- Year-over-year, Operating Expenses slipped 11.07% in 2022 and jumped 107.81% in 2026.
- Over 5 years, Operating Expenses stood at $16.0 million in 2022, then grew by 0.35% to $16.1 million in 2023, then increased by 28.9% to $20.7 million in 2024, then surged by 97.1% to $40.8 million in 2025, then rose by 6.24% to $43.4 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $43.4 million in Q2 2026, $47.4 million in Q1 2026, and $40.8 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 | Voya Financial | 9.31 Bn | 6.96 Bn | 1.34 Bn | 1.86 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.37 Mn |
| Mar 31, 2026 | 47.41 Mn |
| Dec 31, 2025 | 40.82 Mn |
| Sep 30, 2025 | 31.81 Mn |
| Jun 30, 2025 | 28.58 Mn |
| Mar 31, 2025 | 22.81 Mn |
| Dec 31, 2024 | 20.71 Mn |
| Sep 30, 2024 | 18.64 Mn |
| Jun 30, 2024 | 17.83 Mn |
| Mar 31, 2024 | 16.21 Mn |
| Dec 31, 2023 | 16.07 Mn |
| Sep 30, 2023 | 17.07 Mn |
| Jun 30, 2023 | 17.92 Mn |
| Mar 31, 2023 | 16.71 Mn |
| Dec 31, 2022 | 16.01 Mn |
| Sep 30, 2022 | 17.48 Mn |
| Jun 30, 2022 | 19.45 Mn |
| Mar 31, 2022 | 18.51 Mn |
| Dec 31, 2021 | 18.01 Mn |
| Sep 30, 2021 | 18.06 Mn |