United States Oil Fund (USO) Non Operating Investment Income (2009 - 2026)
United States Oil Fund's (USO) quarterly Non Operating Investment Income came in at -$608.5 million in Q2 2026, down 629.95% year-over-year from $114.8 million in Q2 2025, and down 276.3% quarter-over-quarter from $345.1 million in Q1 2026.
Analysis
United States Oil Fund (USO) Non Operating Investment Income (2009 - 2026) Analysis & Trends
United States Oil Fund (USO) has reported Non Operating Investment Income for 18 consecutive years, with -$608.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Non Operating Investment Income fell 629.95% year-over-year to -$608.5 million in Q2 2026; TTM through Jun 2026 was -$226.1 million, a 129.82% decrease from a year earlier, with the FY2025 full-year figure at -$36.3 million, down 243.2% from the prior year.
- Non Operating Investment Income was -$608.5 million for Q2 2026 at United States Oil Fund, down from $345.1 million in the prior quarter.
- Over five years, Non Operating Investment Income peaked at $345.1 million in Q1 2026 and troughed at -$608.5 million in Q2 2026.
- A 5-year average of -$21.4 million and a median of -$3.6 million in 2023 frame the typical range for Non Operating Investment Income.
- Across the five-year window, Non Operating Investment Income sank 2474.56% in 2025 and jumped 3428.0% in 2026, its largest moves.
- Over 5 years, Non Operating Investment Income stood at $240.0 million in 2022, then slumped by 119.69% to -$47.3 million in 2023, then surged by 143.13% to $20.4 million in 2024, then slumped by 128.66% to -$5.8 million in 2025, then tumbled by 10314.25% to -$608.5 million in 2026.
- The last three Non Operating Investment Income figures came in at -$608.5 million (Q2 2026), $345.1 million (Q1 2026), and -$5.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Investment Income (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 283.00 Mn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | -23.94 Bn |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | -10.47 Bn |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | -4.12 Bn |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 120.60 Mn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | -7.80 Bn |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | - |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | - |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | - |
| 10 | United States Oil Fund | 2.15 Bn | 800.11 Mn | - | -608.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -608.45 Mn |
| Mar 31, 2026 | 345.12 Mn |
| Dec 31, 2025 | -5.84 Mn |
| Sep 30, 2025 | 43.07 Mn |
| Jun 30, 2025 | -83.35 Mn |
| Mar 31, 2025 | 9.78 Mn |
| Dec 31, 2024 | 20.39 Mn |
| Sep 30, 2024 | -45.19 Mn |
| Jun 30, 2024 | -3.24 Mn |
| Mar 31, 2024 | 53.43 Mn |
| Dec 31, 2023 | -47.26 Mn |
| Sep 30, 2023 | 68.42 Mn |
| Jun 30, 2023 | -3.95 Mn |
| Mar 31, 2023 | -36.34 Mn |
| Dec 31, 2022 | 239.99 Mn |
| Sep 30, 2022 | -262.76 Mn |
| Jun 30, 2022 | -224.38 Mn |
| Mar 31, 2022 | 154.90 Mn |
| Dec 31, 2021 | -213.10 Mn |
| Sep 30, 2021 | -148.25 Mn |