Filing Flows › Wheaton Precious Metals (WPM) › Operating margin
Wheaton Precious Metals (WPM) operating margin by quarter
Wheaton Precious Metals' operating margin was 66.2% in Q3 2026 (third quarter 2026), -5.6 pts from Q2 2026. Over the last 7 quarters it ranged from 61.8% (Q1 2025) to 74.9% (Q1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 66.2% | -5.6 pts | -0.0 pts |
| Q2 2026 | 71.8% | -3.1 pts | +6.3 pts |
| Q1 2026 | 74.9% | +0.2 pts | +13.1 pts |
| Q4 2025 | 74.7% | +8.4 pts | — |
| Q3 2025 | 66.2% | +0.7 pts | — |
| Q2 2025 | 65.5% | +3.7 pts | — |
| Q1 2025 | 61.8% | — | — |
Q3 2026 at a glance
Wheaton Precious Metals, Q3 2026: revenue $772M (+62% year over year), operating margin 66.2%, net earnings $410M. The chart follows the revenue to costs, profit and cash.
Questions
What is Wheaton Precious Metals' operating margin?
Wheaton Precious Metals' operating margin was 66.2% in Q3 2026 (third quarter 2026), -5.6 pts from Q2 2026.
How has Wheaton Precious Metals' operating margin changed?
Over the last 7 quarters it ranged from 61.8% (Q1 2025) to 74.9% (Q1 2026).
Q3 2026 results → · How Wheaton Precious Metals makes money →