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% year-over-year from N/an in Q1 2025, and up 81118.5% quarter-over-quarter from -$110867.3 in Q4 2025.
Wheaton Precious Metals (WPM) Operating Expenses (2009 - 2026) Analysis & Trends
Wheaton Precious Metals (WPM) has reported Operating Expenses for 18 consecutive years, with $89.8 million the latest figure, recorded in 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 32.82% from the prior year.
- Operating Expenses rose to $89.8 million in Q1 2026 per WPM's latest filing, from -$110867.3 in the prior quarter.
- Across five years, Operating Expenses topped out at $89.8 million in Q1 2026 and bottomed at -$110867.3 in Q4 2025.
- Historically, Operating Expenses has averaged $40.3 million across 5 years, with a median of $55.1 million in 2023.
- Annual changes were most pronounced in 2025 — Operating Expenses slumped 295.18% — and 2026, when it jumped 142760.98%.
- Wheaton Precious Metals' Operating Expenses stood at $61.5 million in 2022, then rose by 26.41% to $77.8 million in 2023, then slumped by 99.93% to $56801.2 in 2024, then plunged by 295.18% to -$110867.3 in 2025, then jumped by 81118.5% to $89.8 million in 2026.
- Business Quant data shows WPM's Operating Expenses at $89.8 million in Q1 2026, -$110867.3 in Q4 2025, and $55507.6 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 3.02 Bn |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 119.48 Mn |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 165.00 Mn |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 11.33 Mn |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 1.06 Bn |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | -18,000.00 |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 869.08 Mn |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 173.18 Mn |
| 10 | Alamos Gold | 15.41 Bn | 14.78 Bn | - | 18.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.33 Mn |
| 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 |