Royal Gold (RGLD) Gross Margin (2017 - 2026)

Royal Gold's Gross Margin history runs 10 years deep, the most recent figure standing at 87.14% for Q1 2026.

• In Q1 2026, Gross Margin fell 19.0% year-over-year to 87.14%; the TTM figure through Mar 2026 stood at 87.23% (up 36.0% YoY), while the FY2025 annual figure was 87.29%, up 85.0% from the prior year.
• Gross Margin was 87.14% for Q1 2026 at Royal Gold, up from 86.45% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 88.47% in Q2 2025 to a low of 82.33% in Q3 2022.
• Historically, Gross Margin has averaged 85.84% across 5 years, with a median of 86.06% in 2022.
• The sharpest annual moves came in 2022 and 2025: Gross Margin surged 3129 bps in 2022, then sank 150 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 84.68% in 2022, then grew by 2 bps to 86.39% in 2023, then advanced by 2 bps to 87.96% in 2024, then decreased by 2 bps to 86.45% in 2025, then rose by 1 bps to 87.14% in 2026.
• The last three Gross Margin figures came in at 87.14% (Q1 2026), 86.45% (Q4 2025), and 87.55% (Q3 2025), per Business Quant data.