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| Date | Value |
|---|---|
| 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 |