Wheaton Precious Metals Corp. (WPM)
Wheaton Precious Metals Corp. reported revenue of $2.3B in fiscal 2025, up 80.2% from a year earlier. Net income was $1.5B, a net margin of 63.6%. At December 31, 2025 it held $1.2B in cash. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 31, 2026.
Key facts about Wheaton Precious Metals Corp.
- Net worth
- Wheaton Precious Metals Corp. has a market value (market cap) of $58.9B at the latest share price, and shareholders' equity of $8.7B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.3B (+80.2% year on year), with net income of $1.5B.
- Cash flow
- In fiscal 2025 operations brought in $1.9B of cash.
- Latest report
- The latest periodic report (annual report (Canadian issuer), 40-F) was filed with the SEC on March 31, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Wheaton Precious Metals Corp. does
Wheaton Precious Metals is a precious metals streaming company. It provides upfront financing to mining operators in exchange for the right to purchase silver, gold, cobalt, and other byproduct metals at fixed, discounted prices over the lifespan of the mine. Its shares trade on NYSE under the ticker WPM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.3B | $1.5B | $3.24 | n/a |
| 2024 | $1.3B | $529.1M | $1.17 | n/a |
| 2023 | $1B | $537.6M | $1.19 | n/a |
| 2022 | $1.1B | $669.1M | $1.48 | n/a |
| 2021 | $1.2B | $754.9M | $1.67 | n/a |
| 2020 | $1.1B | $507.8M | $1.13 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WPM ranks in Basic materials
Dividends
It paid out $296.4M in cash dividends, 20% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $296.4M | 20% |
| 2024 | n/a | $279.1M | 53% |
| 2023 | n/a | $265.1M | 49% |
| 2022 | n/a | $237.1M | 35% |
| 2021 | n/a | $218.1M | 29% |
| 2020 | n/a | $167.2M | 33% |
Latest SEC filings
What Wheaton Precious Metals Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 7, 2026
- September 1, 2026
- August 7, 2026
- August 7, 2026
- July 7, 2026
- June 23, 2026
- June 5, 2026
- May 22, 2026
- May 8, 2026
- May 8, 2026
Insider trades
What the people running Wheaton Precious Metals Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns WPM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Capital World Investors13G, passive | 8.7% | November 13, 2024 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 850 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital World Investors | 36,626,362 | -5,459,901 |
| First Eagle Investment Management, LLC | 28,430,294 | +14,273,783 |
| Fmr LLC | 14,696,919 | -1,447,213 |
| Van Eck Associates Corp | 14,411,000 | +78,618 |
| Vanguard Capital Management LLC | 12,660,162 | +160,822 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 9,945,280 | -681,674 |
| Royal Bank of Canada | 9,370,364 | +703,068 |
| FIL Ltd | 9,227,382 | +6,060,560 |
| Bank of Montreal | 8,971,640 | +375,347 |
| Mackenzie Financial Corp | 4,685,074 | +655,092 |
| Massachusetts Financial Services Co | 6,293,518 | -3,566 |
| TD Asset Management Inc | 6,048,049 | -1,329,119 |
| Capital International Investors | 6,011,768 | +1,980,999 |
| Norges Bank | 5,983,577 | new |
| Geode Capital Management, LLC | 5,421,727 | +581,285 |
| Goldman Sachs Group Inc | 5,642,938 | +760,429 |
| BlackRock, Inc. | 5,174,948 | +3,063,098 |
| Vanguard Fiduciary Trust Co | 4,025,072 | +31,234 |
| Cibc World Market Inc. | 3,401,526 | -330,908 |
| National Bank of Canada | 3,371,444 | +196,357 |
Insiders
Questions about WPM
What does Wheaton Precious Metals Corp. do?
Wheaton Precious Metals is a precious metals streaming company. It provides upfront financing to mining operators in exchange for the right to purchase silver, gold, cobalt, and other byproduct metals at fixed, discounted prices over the lifespan of the mine. Its shares trade on NYSE under the ticker WPM.
What is Wheaton Precious Metals Corp.'s net worth?
Wheaton Precious Metals Corp. has a market value (market cap) of $58.9B at the latest share price, and shareholders' equity of $8.7B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Wheaton Precious Metals Corp. profitable?
Yes. In fiscal 2025 it reported net income of $1.5B on revenue of $2.3B, a net margin of 63.6%.
How much revenue does Wheaton Precious Metals Corp. make?
In fiscal 2025 Wheaton Precious Metals Corp. reported revenue of $2.3B. That is 80.2% more than a year earlier.
When did Wheaton Precious Metals Corp. last report?
Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 31, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from October 7, 2026.
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Where the numbers come from
Financial figures are the values Wheaton Precious Metals Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.