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

Royal Gold (RGLD) has reported Operating Margin for 10 consecutive years, with 63.33% the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Margin fell 32.0% year-over-year to 63.33%; the TTM figure through Mar 2026 stood at 62.18% (down 33.0% YoY), while the FY2025 annual figure was 61.93%, up 217.0% from the prior year.
• Operating Margin came in at 63.33% for Q1 2026 at Royal Gold, up from 56.18% in the prior quarter.
• The five-year high for Operating Margin was 67.66% in Q2 2025, with the low at 45.07% in Q4 2022.
• Average Operating Margin over 5 years is 55.28%, with a median of 52.2% recorded in 2023.
• Across the five-year window, Operating Margin jumped 1402 bps in 2024 and slumped 969 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 45.07% in 2022, then climbed by 16 bps to 52.2% in 2023, then gained by 26 bps to 65.88% in 2024, then declined by 15 bps to 56.18% in 2025, then grew by 13 bps to 63.33% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 63.33%, 56.18%, and 64.4% for Q1 2026, Q4 2025, and Q3 2025 respectively.