Wheaton Precious Metals (WPM) Operating Margin (2009 - 2026)

Wheaton Precious Metals (WPM) has 18 years of Operating Margin data on file, last reported at 74.85% in Q1 2026.

• Operating Margin for Q1 2026 came in at 74.85%, up 1306.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 70.18% (up 1121.0% YoY), and the FY2025 annual result was 68.33%, up 2001.0% from the prior year.
• Operating Margin advanced to 74.85% in Q1 2026 per WPM's latest filing, from 49.58% in the prior quarter.
• Over five years, Operating Margin peaked at 74.85% in Q1 2026 and troughed at 15.67% in Q4 2023.
• A 5-year average of 51.14% and a median of 51.03% in 2023 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2022 and 2025: Operating Margin slumped 6217 bps in 2022, then jumped 1867 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 42.23% in 2022, then tumbled by 63 bps to 15.67% in 2023, then jumped by 97 bps to 30.91% in 2024, then jumped by 60 bps to 49.58% in 2025, then surged by 51 bps to 74.85% in 2026.
• Business Quant data shows WPM's Operating Margin at 74.85% in Q1 2026, 49.58% in Q4 2025, and 66.25% in Q3 2025.