Wheaton Precious Metals (WPM) Operating Expenses (2009 - 2026)
Wheaton Precious Metals (WPM) reported Operating Expenses of $76.9 million for Q1 2026, up 122130.97% year-over-year from N/an in Q1 2025, and up 69418.92% quarter-over-quarter from -$110867.3 in Q4 2025.
Wheaton Precious Metals (WPM) Operating Expenses (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has 18 years of Operating Expenses data on file, last reported at $76.9 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $76.9 million, up 122130.97% year-over-year; the trailing twelve-month figure through Mar 2026 was $76.9 million (up 35178.39% YoY), and the FY2025 annual result was $70291.7, down 99.98% from the prior year.
- Operating Expenses rose to $76.9 million in Q1 2026 per WPM's latest filing, from -$110867.3 in the prior quarter.
- Over five years, Operating Expenses peaked at $76.9 million in Q1 2026 and troughed at -$110867.3 in Q4 2025.
- A 5-year average of $31.7 million and a median of $62874.4 in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses slumped 295.18% in 2025, then soared 122130.97% in 2026.
- A 5-year view of Operating Expenses shows it stood at $61.5 million in 2022, then sank by 99.91% to $57124.8 in 2023, then dropped by 0.57% to $56801.2 in 2024, then tumbled by 295.18% to -$110867.3 in 2025, then surged by 69418.92% to $76.9 million in 2026.
- Business Quant data shows WPM's Operating Expenses at $76.9 million in Q1 2026, -$110867.3 in Q4 2025, and $55507.6 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | -4.48 Mn |
| 2 | Barrick Mining | 1,048.41 Bn | 1,051.14 Bn | 3.12 Bn | 155.00 Mn |
| 3 | Wheaton Precious Metals | 429.35 Bn | 428.20 Bn | 699.37 Mn | 76.85 Mn |
| 4 | Alamos Gold | 144.86 Bn | 144.19 Bn | 442.20 Mn | 19.40 Mn |
| 5 | Gold Fields | 136.49 Bn | 134.71 Bn | - | - |
| 6 | Kinross Gold | 110.14 Bn | 107.96 Bn | 1.44 Bn | 83.10 Mn |
| 7 | Newmont | 106.92 Bn | 98.31 Bn | 7.29 Bn | 2.84 Bn |
| 8 | Equinox Gold | 51.34 Bn | 50.84 Bn | - | 300,000.00 |
| 9 | AngloGold Ashanti | 47.89 Bn | 44.92 Bn | 1.94 Bn | 999.00 Mn |
| 10 | Aura Minerals | 47.46 Bn | 47.17 Bn | 19.58 Mn | -1.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.85 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 | 57,124.83 |
| Sep 30, 2023 | 41,056.76 |
| 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 |