Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SPDR GOLD TRUST files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Gross profit
0
Operating expenses
127
136
136
135
226
258
238
222
242
363
Operating income
-127
-136
Net income
4,951
-1,894
-2,620
7,250
13,084
-5,746
-2,945
5,548
20,363
35,554
EPS, basic
18.36
-6.59
-9.35
27.00
36.89
-15.25
-8.39
17.50
69.02
111.13
EPS, diluted
18.36
-6.59
-9.35
27.00
36.89
-15.25
-8.39
17.50
69.02
111.13
Shares, basic (weighted)
270
287
280
268
355
377
351
317
295
320
Shares, diluted (weighted)
270
287
280
268
355
377
351
317
295
320
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0
0
0
0
0
0
0
0
0
0
Receivables
0
Total assets
40,357
35,669
28,332
44,169
76,978
55,474
50,693
52,539
73,728
124,571
Accounts payable
0
Accrued liabilities
0
Total liabilities
63.6
11.7
9.43
210
25.4
18.7
203
17.9
23.6
38.3
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
4,951
-1,894
-2,620
-7,250
13,084
-5,746
-2,945
5,548
20,363
35,554
Change in receivables
0
Change in inventory
0
Change in payables
4.68
Cash from operations
0
0
0
0
0
0
0
0
0
0
Stock issued
0
Share buybacks
0
Net change in cash
0
0
0
0
0
0
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $393.41 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
17.8%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
74.6%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y
22.1%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y
61.0%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y
24.7%
Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
69.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
34.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
10.1%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
8.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
-3.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
-2.0%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
0.0%
Total liabilities / total assets.
Per share
Metric
Value
How it is calculated
EPS, diluted
$66.02
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Market cap + total debt - cash - short-term investments.
P/E
5.98x
Market cap / net income. Only when net income is positive.
Earnings yield
16.7%
Net income / market cap (the inverse of P/E).
Was SPDR GOLD TRUST profitable in fiscal 2025?
Yes. Net income was $35.55B, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.