Filing Flows › Wheaton Precious Metals (WPM) › Q1 2026
Wheaton Precious Metals (WPM) Q1 2026 earnings results (first quarter 2026)
6-K filed May 7, 2026
Wheaton Precious Metals (WPM) reported revenue of $901M for the first quarter 2026 (Q1 2026) and +4% from the quarter before. Operating margin was 74.9%, net earnings $582M (64.6% of revenue).
Wheaton Precious Metals, Q1 2026: revenue $901M, operating margin 74.9%, net earnings $582M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $901M | +4% | — |
| Gross profit | $699M | +5% | — |
| Operating profit | $675M | +4% | — |
| Net earnings | $582M | +4% | — |
What changed
Revenue was $901.5M in Q1 2026, up 4% from the previous quarter.
Gross margin was 77.6%. Operating profit was $674.8M, a 74.9% margin. Net earnings were $582.0M. The effective tax rate was 15.8%.
Questions
What was Wheaton Precious Metals' revenue in the first quarter 2026?
Wheaton Precious Metals (WPM) reported revenue of $901M for the first quarter 2026 (Q1 2026) and +4% from the quarter before.
Was Wheaton Precious Metals profitable in the first quarter 2026?
Operating profit was $675M (74.9% of revenue) and net earnings $582M.