Wheaton Precious Metals (WPM) Operating Expenses (2009 - 2026)
Wheaton Precious Metals' (WPM) quarterly Operating Expenses came in at $133.8 million in Q2 2026, up 55.57% year-over-year from $86.0 million in Q2 2025, and up 48.99% quarter-over-quarter from $89.8 million in Q1 2026.
Analysis
Wheaton Precious Metals (WPM) Operating Expenses (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has reported Operating Expenses for 18 consecutive years, with $133.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 55.57% year-over-year to $133.8 million in Q2 2026; TTM through Jun 2026 was $476.3 million, a 48.56% increase from a year earlier, with the FY2025 full-year figure at $350.7 million, up 21.92% from the prior year.
- Operating Expenses was $133.8 million for Q2 2026 at Wheaton Precious Metals, up from $89.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $176.2 million in Q4 2025 and troughed at $55.0 million in Q3 2023.
- A 5-year average of $81.1 million and a median of $74.8 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses retreated 17.52% in 2023 and soared 122.11% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $61.5 million in 2022, then climbed by 26.41% to $77.8 million in 2023, then rose by 2.03% to $79.3 million in 2024, then soared by 122.11% to $176.2 million in 2025, then decreased by 24.07% to $133.8 million in 2026.
- The last three Operating Expenses figures came in at $133.8 million (Q2 2026), $89.8 million (Q1 2026), and $176.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 103.57 Bn | 101.06 Bn | - | 2.38 Bn |
| 2 | Kkr | 93.46 Bn | -183.61 Bn | - | 5.41 Bn |
| 3 | Apollo Global Management | 77.60 Bn | 52.22 Bn | 10.54 Bn | 8.74 Bn |
| 4 | Brookfield Asset Management | 76.45 Bn | 74.94 Bn | - | 659.00 Mn |
| 5 | Wheaton Precious Metals | 71.34 Bn | 71.24 Bn | 687.86 Mn | 133.83 Mn |
| 6 | Franco Nevada | 51.21 Bn | 49.67 Bn | 451.00 Mn | 5.30 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | -14.94 Bn |
| 8 | Ares Management | 30.49 Bn | 30.49 Bn | - | 1.18 Bn |
| 9 | Carlyle | 15.82 Bn | 14.57 Bn | - | 875.90 Mn |
| 10 | Tpg | 8.08 Bn | 7.13 Bn | - | 1.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 133.83 Mn |
| Mar 31, 2026 | 89.82 Mn |
| Dec 31, 2025 | 176.24 Mn |
| Sep 30, 2025 | 76.39 Mn |
| Jun 30, 2025 | 86.02 Mn |
| Mar 31, 2025 | 90.22 Mn |
| Dec 31, 2024 | 79.35 Mn |
| Sep 30, 2024 | 65.02 Mn |
| Jun 30, 2024 | 69.11 Mn |
| 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 |