Wheaton Precious Metals WPM
NYSE WPM
$156.73 +1.62 (+1.04%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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