Wheaton Precious Metals (WPM) Cost of Revenue (2009 - 2026)
Wheaton Precious Metals (WPM) reported Cost of Revenue of $241.35 million for the quarter ended Jun 30, 2026, up 60.7% from $150.17 million a year earlier and up 19.4% from the prior quarter.
Wheaton Precious Metals (WPM) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Wheaton Precious Metals' Cost of Revenue came in at $885.21 million, up 62.3% year-over-year; for the year ended Dec 31, 2025, it came in at $301.5 million, down 37.5% from the prior year.
- Cost of Revenue has a five-year compound annual growth rate of -10.0% (years ended Dec 2020 to Dec 2025).
- By year, Cost of Revenue came in at $482.05 million in the year ended Dec 31, 2024 (+8.9%), $442.61 million in the year ended Dec 31, 2023 (-11.4%), $499.57 million in the year ended Dec 31, 2022 (-8.0%) and $542.74 million in the year ended Dec 31, 2021 (+6.3%).
- Five-year quarterly Cost of Revenue spans a low of $96.24 million in the quarter ended Sep 30, 2023 and a high of $301.5 million in the quarter ended Dec 31, 2025.
- Year over year, Cost of Revenue has now increased in each of the last six quarters, with growth averaging 39.3% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was the quarter ended Dec 31, 2025 (growth of 126.5%); the low point was the quarter ended Mar 31, 2023 (a decline of 23.9%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $202.1 million (quarter ended Mar 31, 2026), $301.5 million (quarter ended Dec 31, 2025) and $140.27 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 173.27 Bn | 119.63 Bn | - | - |
| 2 | Spdr Gold Trust | 129.05 Bn | -428.96 Bn | - | - |
| 3 | Blackstone | 88.78 Bn | 83.71 Bn | - | - |
| 4 | Brookfield | 85.33 Bn | -97.75 Bn | - | - |
| 5 | Kkr | 82.00 Bn | 48.48 Bn | - | - |
| 6 | Brookfield Asset Management | 75.12 Bn | 71.37 Bn | - | - |
| 7 | Apollo Global Management | 64.96 Bn | 2.65 Bn | 10.56 Bn | 594.00 Mn |
| 8 | Wheaton Precious Metals | 54.88 Bn | 50.30 Bn | 687.86 Mn | 241.35 Mn |
| 9 | Franco Nevada | 44.09 Bn | 41.46 Bn | 451.00 Mn | 129.90 Mn |
| 10 | Ares Management | 43.97 Bn | 42.65 Bn | - | - |
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 |
Wheaton Precious Metals Cost of Revenue 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=cost-of-revenue&ticker=WPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=WPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();