United States Oil Fund USO
NYSE USO
$145.99 +4.03 (+2.84%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

United States Oil Fund's (USO) quarterly Operating Expenses came in at $3.4 million in Q2 2026, up 61.44% year-over-year from $2.1 million in Q2 2025, and up 30.3% quarter-over-quarter from $2.6 million in Q1 2026.

Analysis

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

United States Oil Fund (USO) has reported Operating Expenses for 18 consecutive years, with $3.4 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 61.44% year-over-year to $3.4 million in Q2 2026; TTM through Jun 2026 was $10.3 million, a 9.17% increase from a year earlier, with the FY2025 full-year figure at $8.5 million, down 21.69% from the prior year.
  • Operating Expenses was $3.4 million for Q2 2026 at United States Oil Fund, up from $2.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $4.5 million in Q1 2022 and troughed at $2.1 million in Q3 2025.
  • A 5-year average of $2.9 million and a median of $2.7 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses plunged 41.01% in 2022 and surged 61.44% in 2026, its largest moves.
  • Over 5 years, Operating Expenses stood at $3.5 million in 2022, then dropped by 15.31% to $2.9 million in 2023, then decreased by 13.84% to $2.5 million in 2024, then slipped by 16.11% to $2.1 million in 2025, then soared by 62.19% to $3.4 million in 2026.
  • The last three Operating Expenses figures came in at $3.4 million (Q2 2026), $2.6 million (Q1 2026), and $2.1 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 BlackRock 169.89 Bn 156.02 Bn - 4.62 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 3.41 Bn
6 iShares Silver Trust 22.15 Bn -6.05 Bn - 44.44 Mn
7 Franklin Resources 17.84 Bn 14.12 Bn - 2.14 Bn
8 Invesco 14.63 Bn 13.72 Bn 1.79 Bn 1.46 Bn
9 Affiliated Managers 9.51 Bn 9.10 Bn - 486.70 Mn
10 United States Oil Fund 2.15 Bn 800.11 Mn - 3.44 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 3.44 Mn
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