Wheaton Precious Metals (WPM) Gross Margin (2009 - 2026)

Wheaton Precious Metals has disclosed Gross Margin across 18 years of filings, most recently posting 77.58% for Q1 2026.

• In Q1 2026, Gross Margin rose 975.0% year-over-year to 77.58%; the TTM figure through Mar 2026 stood at 73.82% (up 862.0% YoY), while the FY2025 annual figure was 72.22%, up 975.0% from the prior year.
• Gross Margin advanced to 77.58% in Q1 2026, from 58.89% in the prior quarter.
• Over the last five years, Gross Margin for WPM reached as high as 77.58% in Q1 2026 and fell as low as 46.68% in Q3 2022.
• The 5-year median for Gross Margin is 58.54% (2022), against an average of 60.57%.
• Annual changes were most pronounced in 2022 — Gross Margin sank 963 bps — and 2023, when it surged 1019 bps.
• A 5-year view of Gross Margin shows it stood at 51.34% in 2022, then rose by 10 bps to 56.52% in 2023, then grew by 15 bps to 65.02% in 2024, then decreased by 9 bps to 58.89% in 2025, then surged by 32 bps to 77.58% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 77.58%, 58.89%, and 70.55% for Q1 2026, Q4 2025, and Q3 2025 respectively.