United States Oil Fund (USO) Change in Cash (2012 - 2026)
United States Oil Fund's (USO) quarterly Change in Cash came in at -$121.7 million in Q2 2026, down 146.81% year-over-year from $260.0 million in Q2 2025, and down 108.65% quarter-over-quarter from $1.4 billion in Q1 2026.
Analysis
United States Oil Fund (USO) Change in Cash (2012 - 2026) Analysis & Trends
United States Oil Fund (USO) has reported Change in Cash for 15 consecutive years, with -$121.7 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Change in Cash fell 146.81% year-over-year to -$121.7 million in Q2 2026; TTM through Jun 2026 was $915.2 million, a 812.93% increase from a year earlier, with the FY2025 full-year figure at -$114.1 million, up 74.98% from the prior year.
- Change in Cash was -$121.7 million for Q2 2026 at United States Oil Fund, down from $1.4 billion in the prior quarter.
- Over five years, Change in Cash peaked at $1.4 billion in Q1 2026 and troughed at -$518.5 million in Q3 2022.
- A 5-year average of -$4.8 million and a median of -$116.5 million in 2023 frame the typical range for Change in Cash.
- Across the five-year window, Change in Cash slumped 1789.11% in 2022 and surged 32432.6% in 2026, its largest moves.
- Over 5 years, Change in Cash stood at -$248.4 million in 2022, then soared by 131.86% to $79.2 million in 2023, then slumped by 603.13% to -$398.3 million in 2024, then jumped by 98.02% to -$7.9 million in 2025, then slumped by 1442.36% to -$121.7 million in 2026.
- The last three Change in Cash figures came in at -$121.7 million (Q2 2026), $1.4 billion (Q1 2026), and -$7.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 651.00 Mn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 1.21 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 191.90 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | -91.90 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 37.10 Mn |
| 10 | United States Oil Fund | 2.15 Bn | 800.11 Mn | - | -121.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -121.70 Mn |
| Mar 31, 2026 | 1.41 Bn |
| Dec 31, 2025 | -7.89 Mn |
| Sep 30, 2025 | -361.82 Mn |
| Jun 30, 2025 | 259.98 Mn |
| Mar 31, 2025 | -4.35 Mn |
| Dec 31, 2024 | -398.28 Mn |
| Sep 30, 2024 | 242.90 Mn |
| Jun 30, 2024 | -105.65 Mn |
| Mar 31, 2024 | -194.96 Mn |
| Dec 31, 2023 | 79.16 Mn |
| Sep 30, 2023 | -149.46 Mn |
| Jun 30, 2023 | -111.38 Mn |
| Mar 31, 2023 | -308.52 Mn |
| Dec 31, 2022 | -248.43 Mn |
| Sep 30, 2022 | -518.50 Mn |
| Jun 30, 2022 | -437.96 Mn |
| Mar 31, 2022 | 894.36 Mn |
| Dec 31, 2021 | -141.61 Mn |
| Sep 30, 2021 | -356.88 Mn |