Wheaton Precious Metals (WPM) Operating Expenses (2009 - 2026)
Wheaton Precious Metals (WPM) posted quarterly Operating Expenses of $89.8 million for Q1 2026, up 142760.98% YoY from N/an in Q1 2025, and up 81118.5% sequentially from -$110867.3 in Q4 2025.
Wheaton Precious Metals (WPM) Operating Expenses (2009 - 2026) Analysis & Trends
Wheaton Precious Metals has disclosed Operating Expenses across 18 years of filings, most recently posting $89.8 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 142760.98% year-over-year to $89.8 million; the TTM figure through Mar 2026 stood at $89.8 million (up 41132.12% YoY), while the FY2025 annual figure was $70291.7, down 99.98% from the prior year.
- Operating Expenses improved to $89.8 million in Q1 2026, from -$110867.3 in the prior quarter.
- Over the last five years, Operating Expenses for WPM reached as high as $89.8 million in Q1 2026 and fell as low as -$110867.3 in Q4 2025.
- The 5-year median for Operating Expenses is $55.1 million (2023), against an average of $40.3 million.
- Annual changes were most pronounced in 2025 — Operating Expenses plunged 295.18% — and 2026, when it jumped 142760.98%.
- A 5-year view of Operating Expenses shows it stood at $61.5 million in 2022, then increased by 26.41% to $77.8 million in 2023, then tumbled by 99.93% to $56801.2 in 2024, then sank by 295.18% to -$110867.3 in 2025, then soared by 81118.5% to $89.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $89.8 million, -$110867.3, and $55507.6 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 155.00 Mn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | -7.01 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 2.84 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -19.25 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 89.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -1.16 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 9.20 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 83.10 Mn |
| 10 | Pan American Silver | 18.70 Bn | 17.09 Bn | 608,000.00 | -39,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 89.82 Mn |
| Dec 31, 2025 | -110,867.28 |
| Sep 30, 2025 | 55,507.65 |
| Jun 30, 2025 | 62,084.60 |
| Mar 31, 2025 | 62,874.41 |
| Dec 31, 2024 | 56,801.20 |
| Sep 30, 2024 | 47,661.67 |
| Jun 30, 2024 | 50,526.20 |
| Mar 31, 2024 | 74.14 Mn |
| Dec 31, 2023 | 77.77 Mn |
| Sep 30, 2023 | 55.04 Mn |
| Jun 30, 2023 | 64.69 Mn |
| Mar 31, 2023 | 55.10 Mn |
| Dec 31, 2022 | 61.52 Mn |
| Sep 30, 2022 | 64.09 Mn |
| Jun 30, 2022 | 75.37 Mn |
| Mar 31, 2022 | 66.81 Mn |
| Dec 31, 2021 | 67.88 Mn |
| Sep 30, 2021 | 62.91 Mn |
| Jun 30, 2021 | 79.21 Mn |