Filing Flows › Wheaton Precious Metals (WPM) › Q2 2026 › vs Q1 2026
Wheaton Precious Metals (WPM) Q2 2026 vs Q1 2026 (quarter over quarter)
Wheaton Precious Metals's revenue rose $27.7M (+3%) from $901M in Q1 2026 to $929M in Q2 2026. Gross margin 74.0% against 77.6% (-3.6 pts).
Wheaton Precious Metals, Q2 2026: revenue $929M (+85% year over year), operating margin 71.8%, net earnings $543M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 74.0% | 77.6% | -3.6 pts |
| Operating margin | 71.8% | 74.9% | -3.1 pts |
| Net margin | 58.5% | 64.6% | -6.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $929M | $901M | $27.7M | +3% |
| Gross profit | $688M | $699M | −$11.5M | -2% |
| Cost of revenue | $241M | $202M | $39.2M | +19% |
| Operating profit | $667M | $675M | −$7.7M | -1% |
| Operating expenses | $20.8M | $24.6M | −$3.8M | -15% |
| Pre-tax earnings | $645M | $691M | −$46.1M | -7% |
| Other expense, net | $22.0M | −$16.3M | $38.4M | — |
| General & admin | $11.3M | $13.0M | −$1.6M | -13% |
| Other operating costs | $9.5M | $11.6M | −$2.1M | -18% |
| Net earnings | $543M | $582M | −$38.8M | -7% |
| Income tax | $102M | $109M | −$7.3M | -7% |
Questions
How much did Wheaton Precious Metals's revenue grow quarter over quarter in Q2 2026?
Wheaton Precious Metals's revenue rose $27.7M (+3%) from $901M in Q1 2026 to $929M in Q2 2026. Gross margin 74.0% against 77.6% (-3.6 pts).