Wheaton Precious Metals (WPM) Return on Equity [ROE] (2009 - 2026)
Wheaton Precious Metals' Return on Equity [ROE] was 21.54% in Q2 2026, up 11.15 percentage points from 10.39% a year earlier and up 1.60 percentage points from the prior quarter.
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Analysis
Wheaton Precious Metals (WPM) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2024, Return on Equity [ROE] at Wheaton Precious Metals came in at 7.43%, down 0.42 percentage points from FY2023.
- Return on Equity [ROE] has now declined for three consecutive years, though with a five-year change of +5.79 percentage points (FY2019 to FY2024).
- In earlier years, Return on Equity [ROE] was 7.85% in FY2023 (-2.47 pp), 10.32% in FY2022 (-2.30 pp), 12.62% in FY2021 (+9.92 pp) and 2.70% in FY2020 (+1.06 pp).
- The Q2 2026 figure marks the highest quarterly Return on Equity [ROE] in data going back to Q1 2009.
- Compared with a year earlier, Return on Equity [ROE] has increased for six straight quarters, with an average year-over-year change of +4.94 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q1 2026 (a gain of 11.53 percentage points); the worst was Q4 2023 (a drop of 2.31 percentage points).
- Per Business Quant data, WPM's Return on Equity [ROE] in the three quarters before Q2 2026 was 19.94% (Q1 2026), 17.39% (Q4 2025) and 12.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.98 Bn | 145.51 Bn | - | 12.36% |
| 2 | Spdr Gold Trust | 130.03 Bn | -427.97 Bn | - | 16.25% |
| 3 | Brookfield | 104.97 Bn | -79.04 Bn | - | 4.26% |
| 4 | Blackstone | 93.15 Bn | 87.36 Bn | - | 33.76% |
| 5 | Kkr | 90.40 Bn | 57.10 Bn | 1.76 Bn | 6.37% |
| 6 | Brookfield Asset Management | 85.45 Bn | 80.34 Bn | - | 51.17% |
| 7 | Apollo Global Management | 72.50 Bn | 89.29 Bn | 4.14 Bn | 1.84% |
| 8 | Wheaton Precious Metals | 62.02 Bn | 62.02 Bn | 538.50 Mn | 24.83% |
| 9 | Ares Management | 50.21 Bn | 48.79 Bn | 376.28 Mn | 11.36% |
| 10 | Franco Nevada | 49.31 Bn | 46.68 Bn | 451.00 Mn | 18.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.83% |
| Jun 30, 2026 | 25.41% |
| Mar 31, 2026 | 24.03% |
| Dec 31, 2025 | 21.77% |
| Sep 30, 2025 | 12.66% |
| Jun 30, 2025 | 10.39% |
| Mar 31, 2025 | 8.41% |
| Dec 31, 2024 | 7.29% |
| Sep 30, 2024 | 8.45% |
| Jun 30, 2024 | 8.02% |
| Mar 31, 2024 | 8.39% |
| Dec 31, 2023 | 7.78% |
| Sep 30, 2023 | 7.82% |
| Jun 30, 2023 | 9.01% |
| Mar 31, 2023 | 9.21% |
| Dec 31, 2022 | 10.09% |
| Sep 30, 2022 | 12.26% |
| Jun 30, 2022 | 11.49% |
| Mar 31, 2022 | 11.91% |
| Dec 31, 2021 | 12.32% |
API Access
Wheaton Precious Metals Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=WPM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "WPM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=WPM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();