iShares Silver Trust SLV
NYSE SLV
$59.38 -0.44 (-0.73%)
As of: Sep 8, 2026 · 3:59 PM EDT

iShares Silver Trust (SLV) Operating Expenses (2010 - 2026)

iShares Silver Trust (SLV) posted Operating Expenses of $44.4 million for Q2 2026, down 15.71% on a QoQ basis from $52.7 million in Q1 2026, and up 131.58% year-over-year from $19.2 million in Q2 2025.

Analysis

iShares Silver Trust (SLV) Operating Expenses (2010 - 2026) Analysis & Trends

iShares Silver Trust has reported Operating Expenses for 17 years, with the latest figure at $44.4 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 131.58% year-over-year to $44.4 million in Q2 2026; TTM through Jun 2026 was $156.0 million, a 116.1% increase from a year earlier, with the FY2025 full-year figure at $95.5 million, up 51.01% from the prior year.
  • Operating Expenses was $44.4 million for Q2 2026 at iShares Silver Trust, down from $52.7 million in the prior quarter.
  • The five-year high for Operating Expenses was $52.7 million in Q1 2026, with the low at $11.9 million in Q3 2022.
  • Average Operating Expenses over 5 years is $20.3 million, with a median of $16.0 million recorded in 2022.
  • The sharpest annual moves came in 2022 and 2026: Operating Expenses slumped 30.13% in 2022, then jumped 200.97% in 2026.
  • Over 5 years, Operating Expenses stood at $12.7 million in 2022, then rose by 2.0% to $12.9 million in 2023, then surged by 43.47% to $18.6 million in 2024, then surged by 87.64% to $34.8 million in 2025, then rose by 27.67% to $44.4 million in 2026.
  • The last three Operating Expenses figures came in at $44.4 million (Q2 2026), $52.7 million (Q1 2026), and $34.8 million (Q4 2025), per Business Quant data.
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

Historic Data

Download Data
DateValue
Jun 30, 2026 44.44 Mn
Mar 31, 2026 52.73 Mn
Dec 31, 2025 34.81 Mn
Sep 30, 2025 24.02 Mn
Jun 30, 2025 19.19 Mn
Mar 31, 2025 17.52 Mn
Dec 31, 2024 18.55 Mn
Sep 30, 2024 16.93 Mn
Jun 30, 2024 15.25 Mn
Mar 31, 2024 12.54 Mn
Dec 31, 2023 12.93 Mn
Sep 30, 2023 13.38 Mn
Jun 30, 2023 14.12 Mn
Mar 31, 2023 13.13 Mn
Dec 31, 2022 12.68 Mn
Sep 30, 2022 11.85 Mn
Jun 30, 2022 15.94 Mn
Mar 31, 2022 15.97 Mn
Dec 31, 2021 16.02 Mn
Sep 30, 2021 16.97 Mn