Wheaton Precious Metals (WPM) Cash from Operations (2009 - 2026)
Wheaton Precious Metals (WPM) recorded Cash from Operations of $649.52 million in Q2 2026, up 56.5% from $414.96 million a year earlier but down 15.2% from the prior quarter.
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Analysis
Wheaton Precious Metals (WPM) Cash from Operations (2009 - 2026) Analysis & Trends
On a TTM basis, Wheaton Precious Metals' Cash from Operations came in at $2.54 billion as of Jun 30, 2026, up 88.5% year-over-year; for FY2025, it came in at $1.9 billion, up 85.4% from FY2024.
- Annual Cash from Operations has increased for three straight years, with a five-year compound annual growth rate of 20.0% (FY2020 to FY2025).
- Across earlier years, Cash from Operations came in at $1.03 billion in FY2024 (+36.9%), $750.81 million in FY2023 (+1.0%), $743.42 million in FY2022 (-12.0%) and $845.15 million in FY2021 (+10.4%).
- Quarterly Cash from Operations has ranged from $135.1 million in Q1 2023 to $765.82 million in Q1 2026 over the past five years.
- On a year-over-year basis, Cash from Operations has increased for 12 consecutive quarters, with growth averaging 71.9% over the last eight quarters.
- Peak year-over-year performance for Cash from Operations in the last five years was growth of 133.6% in Q4 2025, against a decline of 35.8% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $765.82 million (Q1 2026), $746.28 million (Q4 2025) and $382.95 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.98 Bn | 145.51 Bn | - | 2.71 Bn |
| 2 | Spdr Gold Trust | 130.03 Bn | -427.97 Bn | - | - |
| 3 | Brookfield | 104.97 Bn | -79.04 Bn | - | - |
| 4 | Blackstone | 93.15 Bn | 87.36 Bn | - | 1.96 Bn |
| 5 | Kkr | 90.40 Bn | 57.10 Bn | 1.76 Bn | 2.14 Bn |
| 6 | Brookfield Asset Management | 85.45 Bn | 80.34 Bn | - | 554.00 Mn |
| 7 | Apollo Global Management | 72.50 Bn | 89.29 Bn | 4.14 Bn | 136.00 Mn |
| 8 | Wheaton Precious Metals | 62.02 Bn | 62.02 Bn | 538.50 Mn | 644.86 Mn |
| 9 | Ares Management | 50.21 Bn | 48.79 Bn | 376.28 Mn | -86.26 Mn |
| 10 | Franco Nevada | 49.31 Bn | 46.68 Bn | 451.00 Mn | 482.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 644.86 Mn |
| Jun 30, 2026 | 649.52 Mn |
| Mar 31, 2026 | 765.82 Mn |
| Dec 31, 2025 | 746.28 Mn |
| Sep 30, 2025 | 382.95 Mn |
| Jun 30, 2025 | 414.96 Mn |
| Mar 31, 2025 | 360.79 Mn |
| Dec 31, 2024 | 319.47 Mn |
| Sep 30, 2024 | 254.34 Mn |
| Jun 30, 2024 | 234.39 Mn |
| Mar 31, 2024 | 219.38 Mn |
| Dec 31, 2023 | 242.23 Mn |
| Sep 30, 2023 | 171.10 Mn |
| Jun 30, 2023 | 202.38 Mn |
| Mar 31, 2023 | 135.10 Mn |
| Dec 31, 2022 | 172.03 Mn |
| Sep 30, 2022 | 154.50 Mn |
| Jun 30, 2022 | 206.36 Mn |
| Mar 31, 2022 | 210.54 Mn |
| Dec 31, 2021 | 195.29 Mn |
API Access
Wheaton Precious Metals Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=WPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "WPM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=WPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();