GLD · CIK 0001222333
SPDR® GOLD TRUST
Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.
Commodity Contracts Brokers & Dealers
Company profile
Net income
$35.6B
▲ +74.6% vs FY2024
Operating cash flow
$0
Diluted EPS
$111.13
▲ +61.0% vs FY2024
Net income
Losses shown in terracotta
Recent quarters
momentum · last 12 quartersNet income — Mar ’26 quarter
$10.2B
▼ −28.4% vs Mar ’25
Diluted EPS — trailing 12 months
$134.99
▲ +64.3% vs Mar ’25
Quarterly net income
Losses shown in terracotta
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | — | — | — | $10.2B | — | $27.18 |
| Dec ’25 | — | — | — | $15.5B | — | $42.49 |
| Sep ’25 | — | — | — | $16.8B | — | $49.89 |
| Jun ’25 | — | — | — | $5.1B | — | $15.43 |
| Mar ’25 | — | — | — | $14.3B | — | $46.18 |
| Dec ’24 | — | — | — | −$604.3M | — | −$1.98 |
| Sep ’24 | — | — | — | $8.2B | — | $27.48 |
| Jun ’24 | — | — | — | $3.0B | — | $10.46 |
Profitability & returns
quality of earningsReturns on capital
Net income vs year-end equity and assets
Cash flow
cash generationOperating cash flow
Net cash from operations
Shareholder returns
capital allocationDiluted shares outstanding
Falling count means buybacks outpace dilution
Growth rates
compounding, annualizedNet income CAGR
+22.1%
5y
Diluted EPS CAGR
+24.7%
5y
Share count change (split-adjusted)
−9.8%
5y
+32.3%
10y
Key ratios
derived per fiscal year| Fiscal year | ROA |
|---|---|
| FY2025 | 28.5% |
| FY2024 | 27.6% |
| FY2023 | 10.6% |
| FY2022 | −5.8% |
| FY2021 | −10.4% |
| FY2020 | 17.0% |
| FY2019 | 16.4% |
| FY2018 | −9.2% |
| FY2017 | −5.3% |
| FY2016 | 12.3% |
| FY2015 | −10.9% |
| FY2014 | −0.8% |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | — | — | — | $35.6B | $111.13 | $0 | — | $124.6B | $38.3M | — | $0 | — |
| FY2024 | — | — | — | $20.4B | $69.02 | $0 | — | $73.7B | $23.6M | — | $0 | — |
| FY2023 | — | — | — | $5.5B | $17.50 | $0 | — | $52.5B | $17.9M | — | $0 | — |
| FY2022 | — | — | — | −$2.9B | −$8.39 | $0 | — | $50.7B | $202.8M | — | $0 | — |
| FY2021 | — | — | — | −$5.7B | −$15.25 | $0 | — | $55.5B | $18.7M | — | $0 | — |
| FY2020 | — | — | — | $13.1B | $36.89 | $0 | — | $77.0B | $25.4M | — | $0 | — |
| FY2019 | — | — | — | $7.3B | $27.00 | $0 | — | $44.2B | $210.2M | — | $0 | — |
| FY2018 | — | — | — | −$2.6B | −$9.35 | $0 | — | $28.3B | $9.4M | — | $0 | — |
| FY2017 | — | — | — | −$1.9B | −$6.59 | $0 | — | $35.7B | $11.7M | — | $0 | — |
| FY2016 | — | — | — | $5.0B | $18.36 | $0 | — | $40.4B | $63.6M | — | $0 | — |
| FY2015 | — | — | — | −$2.7B | −$11.10 | $0 | — | $24.6B | $8.5M | — | $0 | — |
| FY2014 | — | — | — | −$230.4M | −$0.85 | $0 | — | $30.3B | $154.0M | — | $0 | — |
Latest filings
the most recent regulatory filings10-QQuarterly report2026-05-05 ↗FWPSEC filing2026-02-13 ↗8-KCurrent report — material event2026-02-09 ↗10-QQuarterly report2026-02-04 ↗424ISEC filing2025-12-22 ↗10-KAnnual report2025-11-25 ↗10-QQuarterly report2025-08-06 ↗FWPSEC filing2025-07-18 ↗10-QQuarterly report2025-05-07 ↗FWPSEC filing2025-04-14 ↗
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