iShares Bitcoin Trust ETF (IBIT) Operating Expenses (2024 - 2026)
iShares Bitcoin Trust ETF (IBIT) posted quarterly Operating Expenses of $36.7 million for Q1 2026, up 11.64% year-over-year from $32.9 million in Q1 2025, and down 26.2% quarter-over-quarter from $49.7 million in Q4 2025.
iShares Bitcoin Trust ETF (IBIT) Operating Expenses (2024 - 2026) Analysis & Trends
iShares Bitcoin Trust ETF (IBIT) has reported Operating Expenses for 3 consecutive years, with $36.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 11.64% year-over-year to $36.7 million; the TTM figure through Mar 2026 stood at $178.4 million (up 130.99% YoY), while the FY2025 annual figure was $174.6 million, up 267.51% from the prior year.
- Operating Expenses retreated 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.
- Historically, Operating Expenses has averaged $28.8 million across 3 years, with a median of $32.9 million in 2025.
- Annual changes were most pronounced in 2025 — Operating Expenses soared 947.78% — and 2026, when it increased 11.64%.
- iShares Bitcoin Trust ETF's Operating Expenses stood at $23.0 million in 2024, then surged by 116.35% to $49.7 million in 2025, then slipped by 26.2% to $36.7 million in 2026.
- Business Quant data shows IBIT's Operating Expenses at $36.7 million in Q1 2026, $49.7 million in Q4 2025, and $53.3 million in Q3 2025.
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 35.42 Mn |
| Mar 31, 2026 | 36.69 Mn |
| Dec 31, 2025 | 49.72 Mn |
| Sep 30, 2025 | 53.30 Mn |
| Jun 30, 2025 | 38.69 Mn |
| Mar 31, 2025 | 32.87 Mn |
| Dec 31, 2024 | 22.98 Mn |
| Sep 30, 2024 | 11.49 Mn |
| Jun 30, 2024 | 9.89 Mn |
| Mar 31, 2024 | 3.14 Mn |