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Financial statements

ISHARES GOLD TRUST financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ISHARES 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating expenses20.321.627.535.365.472.871.567.873.4124
Operating income-20.3-21.6-27.5-35.3-65.4-72.8-71.5-67.8-73.4-124
Net income309882-1982,2764,804-1,399-5393,2526,55224,263
EPS, basic0.922.46-0.444.306.24-1.65-0.654.4210.0631.96
EPS, diluted0.922.46-0.444.306.24-1.65-0.654.4210.0631.96

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents0000000

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income309882-1982,2764,804-1,399-5393,2526,55224,263
Cash from operations0000000000
Net change in cash0000000000

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 $80.66 on September 25, 2026.

Growth

MetricValueHow it is calculated
Net income growth, 1y270.3%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y38.3%Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y217.7%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y38.6%Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Valuation

MetricValueHow it is calculated
Market cap$63.61BShare price x shares outstanding.
Enterprise value$63.61BMarket cap + total debt - cash - short-term investments.
P/E5.62xMarket cap / net income. Only when net income is positive.
Earnings yield17.8%Net income / market cap (the inverse of P/E).
Was ISHARES GOLD TRUST profitable in fiscal 2025?

Yes. Net income was $24.26B, 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.

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