Wheaton Precious Metals (WPM) Cost of Revenue (2009 - 2026)
Wheaton Precious Metals' (WPM) quarterly Cost of Revenue came in at $241.3 million in Q2 2026, up 60.71% year-over-year from $150.2 million in Q2 2025, and up 19.42% quarter-over-quarter from $202.1 million in Q1 2026.
Analysis
Wheaton Precious Metals (WPM) Cost of Revenue (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has reported Cost of Revenue for 18 consecutive years, with $241.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 60.71% year-over-year to $241.3 million in Q2 2026; TTM through Jun 2026 was $885.2 million, a 62.29% increase from a year earlier, with the FY2025 full-year figure at $643.0 million, up 33.38% from the prior year.
- Cost of Revenue was $241.3 million for Q2 2026 at Wheaton Precious Metals, up from $202.1 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $301.5 million in Q4 2025 and troughed at $96.2 million in Q3 2023.
- A 5-year average of $145.1 million and a median of $130.3 million in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue decreased 23.89% in 2023 and soared 126.51% in 2025, its largest moves.
- Over 5 years, Cost of Revenue stood at $114.9 million in 2022, then climbed by 18.64% to $136.3 million in 2023, then slipped by 2.33% to $133.1 million in 2024, then soared by 126.51% to $301.5 million in 2025, then dropped by 19.95% to $241.3 million in 2026.
- The last three Cost of Revenue figures came in at $241.3 million (Q2 2026), $202.1 million (Q1 2026), and $301.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 94.04 Bn | 96.47 Bn | - | - |
| 2 | Kkr | 88.71 Bn | -188.36 Bn | - | - |
| 3 | Brookfield | 84.30 Bn | 53.74 Bn | 19.38 Bn | 22.00 Mn |
| 4 | Brookfield Asset Management | 73.57 Bn | 73.30 Bn | - | - |
| 5 | Apollo Global Management | 72.51 Bn | 67.61 Bn | 10.54 Bn | 613.00 Mn |
| 6 | Wheaton Precious Metals | 68.51 Bn | 68.41 Bn | 687.86 Mn | 241.35 Mn |
| 7 | Franco Nevada | 51.37 Bn | 49.83 Bn | 451.00 Mn | 45.90 Mn |
| 8 | Ares Management | 44.61 Bn | 49.53 Bn | - | - |
| 9 | Tpg | 18.17 Bn | 19.73 Bn | - | - |
| 10 | Blue Owl Capital | 15.34 Bn | 18.79 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 241.35 Mn |
| Mar 31, 2026 | 202.10 Mn |
| Dec 31, 2025 | 301.50 Mn |
| Sep 30, 2025 | 140.27 Mn |
| Jun 30, 2025 | 150.17 Mn |
| Mar 31, 2025 | 151.33 Mn |
| Dec 31, 2024 | 133.11 Mn |
| Sep 30, 2024 | 110.84 Mn |
| Jun 30, 2024 | 112.87 Mn |
| Mar 31, 2024 | 125.23 Mn |
| Dec 31, 2023 | 136.28 Mn |
| Sep 30, 2023 | 96.24 Mn |
| Jun 30, 2023 | 113.12 Mn |
| Mar 31, 2023 | 96.96 Mn |
| Dec 31, 2022 | 114.87 Mn |
| Sep 30, 2022 | 116.68 Mn |
| Jun 30, 2022 | 140.63 Mn |
| Mar 31, 2022 | 127.40 Mn |
| Dec 31, 2021 | 127.53 Mn |
| Sep 30, 2021 | 117.51 Mn |