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

Wheaton Precious Metals (WPM) has reported Net Margin for 18 consecutive years, with 73.6% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Net Margin rose 161.0% year-over-year to 73.6% in Q2 2026; TTM through Jun 2026 was 68.31%, a 933.0% increase from a year earlier, with the FY2025 full-year figure at 71.17%, up 264.0% from the prior year.
• Net Margin was 73.6% for Q2 2026 at Wheaton Precious Metals, up from 71.39% in the prior quarter.
• Over five years, Net Margin peaked at 100.75% in Q3 2022 and troughed at 23.17% in Q4 2024.
• A 5-year average of 67.26% and a median of 70.41% in 2022 frame the typical range for Net Margin.
• Across the five-year window, Net Margin slumped 3057 bps in 2024 and soared 3294 bps in 2025, its largest moves.
• Over 5 years, Net Margin stood at 70.38% in 2022, then decreased by 24 bps to 53.73% in 2023, then tumbled by 57 bps to 23.17% in 2024, then soared by 142 bps to 56.1% in 2025, then jumped by 31 bps to 73.6% in 2026.
• The last three Net Margin figures came in at 73.6% (Q2 2026), 71.39% (Q1 2026), and 56.1% (Q4 2025), per Business Quant data.