iShares Silver Trust (SLV) Operating Income (2014 - 2026)
iShares Silver Trust (SLV) posted Operating Income of -$44.4 million for Q2 2026, up 15.71% on a QoQ basis from -$52.7 million in Q1 2026, and down 131.58% year-over-year from $140.7 million in Q2 2025.
Analysis
iShares Silver Trust (SLV) Operating Income (2014 - 2026) Analysis & Trends
iShares Silver Trust has reported Operating Income for 13 years, with the latest figure at -$44.4 million in Q2 2026.
- On a quarterly basis, Operating Income fell 131.58% year-over-year to -$44.4 million in Q2 2026; TTM through Jun 2026 was -$156.0 million, a 116.1% decrease from a year earlier, with the FY2025 full-year figure at -$95.5 million, down 51.01% from the prior year.
- Operating Income was -$44.4 million for Q2 2026 at iShares Silver Trust, up from -$52.7 million in the prior quarter.
- The five-year high for Operating Income was -$11.9 million in Q3 2022, with the low at -$52.7 million in Q1 2026.
- Average Operating Income 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 Income jumped 30.13% in 2022, then sank 200.97% in 2026.
- Over 5 years, Operating Income stood at -$12.7 million in 2022, then decreased by 2.0% to -$12.9 million in 2023, then tumbled by 43.47% to -$18.6 million in 2024, then plunged by 87.64% to -$34.8 million in 2025, then declined by 27.67% to -$44.4 million in 2026.
- The last three Operating Income 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) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 2.46 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 | 1.30 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | -44.44 Mn |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 215.80 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 364.20 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | - |
| 10 | Voya Financial | 9.31 Bn | 6.96 Bn | 1.34 Bn | 537.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |