iShares Bitcoin Trust ETF (IBIT) Operating Expenses (2024 - 2026)

iShares Bitcoin Trust ETF (IBIT) has 3 years of Operating Expenses data on file, last reported at $36.7 million in Q1 2026.

• Quarterly Operating Expenses rose 11.64% year-over-year to $36.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $178.4 million (up 130.99% YoY) and the FY2025 annual result came in at $174.6 million, up 267.51% from the prior year.
• Operating Expenses declined to $36.7 million in Q1 2026 per IBIT's latest filing, from $49.7 million in the prior quarter.
• Across five years, Operating Expenses topped out at $53.3 million in Q3 2025 and bottomed at $3.1 million in Q1 2024.
• The 3-year median for Operating Expenses is $32.9 million (2025), against an average of $28.8 million.
• The widest annual swing landed in 2025, when Operating Expenses jumped 947.78%; it then climbed 11.64% in 2026.
• Tracing IBIT's Operating Expenses over 3 years: stood at $23.0 million in 2024, then surged by 116.35% to $49.7 million in 2025, then fell by 26.2% to $36.7 million in 2026.
• Per Business Quant, the three latest IBIT Operating Expenses figures stand at $36.7 million (Q1 2026), $49.7 million (Q4 2025), and $53.3 million (Q3 2025).

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