Wheaton Precious Metals (WPM) Net Margin (2009 - 2026)
Wheaton Precious Metals (WPM) posted Net Margin of 58.46% for the quarter ended Jun 30, 2026, up 0.38 percentage points from 58.08% a year earlier but down 6.10 percentage points from the prior quarter.
Wheaton Precious Metals (WPM) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Wheaton Precious Metals was 62.23%, up 14.69 percentage points year-over-year; for the year ended Dec 31, 2025, it was 151.16%, up 109.97 percentage points from the prior year.
- Annual Net Margin shows a five-year change of +104.84 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Wheaton Precious Metals' Net Margin was 41.19% in the year ended Dec 31, 2024 (-11.73 pp), 52.92% in the year ended Dec 31, 2023 (-9.91 pp), 62.83% in the year ended Dec 31, 2022 (+0.01 pp) and 62.82% in the year ended Dec 31, 2021 (+16.50 pp).
- Quarterly Net Margin has run from a low of 23.53% in the quarter ended Dec 31, 2024 to a high of 105.93% in the quarter ended Dec 31, 2021 over five years.
- On a year-over-year basis, Net Margin has increased in each of the last five quarters, with an average year-over-year change of +6.76 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was the quarter ended Dec 31, 2021, with a gain of 51.00 percentage points; the weakest was the quarter ended Sep 30, 2023, with a drop of 37.62 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 64.57% (quarter ended Mar 31, 2026), 56.40% (quarter ended Dec 31, 2025) and 77.10% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 166.01 Bn | 112.36 Bn | - | 27.02% |
| 2 | Spdr Gold Trust | 133.03 Bn | -424.98 Bn | - | - |
| 3 | Blackstone | 86.20 Bn | 81.13 Bn | - | 24.37% |
| 4 | Kkr | 83.71 Bn | 50.19 Bn | - | 11.53% |
| 5 | Brookfield | 81.54 Bn | -83.85 Bn | 4.47 Bn | 0.00% |
| 6 | Brookfield Asset Management | 71.09 Bn | 67.34 Bn | - | 51.57% |
| 7 | Apollo Global Management | 68.54 Bn | 6.22 Bn | 10.56 Bn | 11.98% |
| 8 | Wheaton Precious Metals | 61.57 Bn | 57.00 Bn | 687.86 Mn | 58.46% |
| 9 | Franco Nevada | 47.40 Bn | 44.76 Bn | 451.00 Mn | 60.94% |
| 10 | Ameriprise Financial | 43.81 Bn | 5.23 Bn | 4.72 Bn | 22.20% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 58.46% |
| Mar 31, 2026 | 64.57% |
| Dec 31, 2025 | 56.40% |
| Sep 30, 2025 | 77.10% |
| Jun 30, 2025 | 58.08% |
| Mar 31, 2025 | 53.99% |
| Dec 31, 2024 | 23.53% |
| Sep 30, 2024 | 50.16% |
| Jun 30, 2024 | 40.90% |
| Mar 31, 2024 | 55.27% |
| Dec 31, 2023 | 54.17% |
| Sep 30, 2023 | 52.15% |
| Jun 30, 2023 | 53.38% |
| Mar 31, 2023 | 51.94% |
| Dec 31, 2022 | 70.96% |
| Sep 30, 2022 | 89.77% |
| Jun 30, 2022 | 49.21% |
| Mar 31, 2022 | 51.25% |
| Dec 31, 2021 | 105.93% |
| Sep 30, 2021 | 51.01% |
Wheaton Precious Metals Net Margin 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=net-margin&ticker=WPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=WPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();