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
DateValue
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