Filing Flows › Wheaton Precious Metals (WPM) › Q2 2026
Wheaton Precious Metals (WPM) Q2 2026 earnings results (second quarter 2026)
6-K filed Aug 7, 2026
Wheaton Precious Metals (WPM) reported revenue of $929M for the second quarter 2026 (Q2 2026), +85% from a year earlier. Operating margin was 71.8%, net earnings $543M (58.5% of revenue).
Wheaton Precious Metals, Q2 2026: revenue $929M (+85% year over year), operating margin 71.8%, net earnings $543M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $929M | — | +85% |
| Gross profit | $688M | — | +95% |
| Operating profit | $667M | — | +102% |
| Net earnings | $543M | — | +86% |
What changed
Revenue was $929.2M in Q2 2026, up 85% year over year.
Gross margin was 74.0%, up 3.9 points from Q2 2025. Operating profit was $667.1M, a 71.8% margin (up 6.3 points year over year). Of the extra revenue versus Q2 2025, 79% reached operating profit, above the 66% margin then. Operating expenses fell 11% while revenue rose 85%. Net earnings were $543.2M, up 86% year over year. The effective tax rate was 15.8%.
Questions
What was Wheaton Precious Metals' revenue in the second quarter 2026?
Wheaton Precious Metals (WPM) reported revenue of $929M for the second quarter 2026 (Q2 2026), +85% from a year earlier.
Was Wheaton Precious Metals profitable in the second quarter 2026?
Operating profit was $667M (71.8% of revenue) and net earnings $543M.