United States Oil Fund (USO) Operating Expenses (2009 - 2026)

United States Oil Fund's (USO) quarterly Operating Expenses came in at $2.6 million in Q1 2026, up 25.72% year-on-year from $2.1 million in Q1 2025, and up 24.47% on a QoQ basis from $2.1 million in Q4 2025.

United States Oil Fund (USO) Operating Expenses (2009 - 2026) Analysis & Trends

United States Oil Fund (USO) has 18 years of Operating Expenses data on file, last reported at $2.6 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 25.72% year-over-year to $2.6 million in Q1 2026; TTM through Mar 2026 was $9.0 million, a 10.27% decrease from a year earlier, with the FY2025 full-year figure at $8.5 million, down 21.69% from the prior year.
  • Operating Expenses for Q1 2026 stood at $2.6 million, up from $2.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for USO reached as high as $4.5 million in Q1 2022 and fell as low as $2.1 million in Q3 2025.
  • Historically, Operating Expenses has averaged $2.9 million across 5 years, with a median of $2.7 million in 2024.
  • Across the five-year window, Operating Expenses sank 41.01% in 2022 and grew 25.72% in 2026, its largest moves.
  • Year by year, Operating Expenses stood at $3.5 million in 2022, then decreased by 15.31% to $2.9 million in 2023, then fell by 13.84% to $2.5 million in 2024, then retreated by 16.11% to $2.1 million in 2025, then climbed by 24.47% to $2.6 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $2.6 million in Q1 2026, $2.1 million in Q4 2025, and $2.1 million in Q3 2025.

Peer Comparison

Historic Data

Download Data
DateValue
Mar 31, 2026 2.64 Mn
Dec 31, 2025 2.12 Mn
Sep 30, 2025 2.10 Mn
Jun 30, 2025 2.13 Mn
Mar 31, 2025 2.10 Mn
Dec 31, 2024 2.53 Mn
Sep 30, 2024 2.68 Mn
Jun 30, 2024 2.72 Mn
Mar 31, 2024 2.87 Mn
Dec 31, 2023 2.94 Mn
Sep 30, 2023 2.64 Mn
Jun 30, 2023 2.75 Mn
Mar 31, 2023 2.82 Mn
Dec 31, 2022 3.47 Mn
Sep 30, 2022 3.51 Mn
Jun 30, 2022 3.99 Mn
Mar 31, 2022 4.50 Mn
Dec 31, 2021 5.11 Mn
Sep 30, 2021 5.63 Mn
Jun 30, 2021 6.77 Mn