Filing Flows › Royal Gold (RGLD) › Operating margin
Royal Gold (RGLD) operating margin by quarter
Royal Gold's operating margin was 65.4% in Q3 2026 (third quarter 2026), +3.2 pts from Q2 2026. Over the last 7 quarters it ranged from 56.2% (Q4 2025) to 67.7% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 65.4% | +3.2 pts | +0.9 pts |
| Q2 2026 | 62.1% | -1.2 pts | -5.5 pts |
| Q1 2026 | 63.3% | +7.1 pts | -0.3 pts |
| Q4 2025 | 56.2% | -8.2 pts | — |
| Q3 2025 | 64.4% | -3.3 pts | — |
| Q2 2025 | 67.7% | +4.0 pts | — |
| Q1 2025 | 63.6% | — | — |
Q3 2026 at a glance
Royal Gold, Q3 2026: revenue $465M (+84% year over year), operating margin 65.4%, net earnings $227M, operating cash flow $344M. The chart follows the revenue to costs, profit and cash.
Questions
What is Royal Gold's operating margin?
Royal Gold's operating margin was 65.4% in Q3 2026 (third quarter 2026), +3.2 pts from Q2 2026.
How has Royal Gold's operating margin changed?
Over the last 7 quarters it ranged from 56.2% (Q4 2025) to 67.7% (Q2 2025).