iShares Silver Trust annual operating expenses
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iShares Silver Trust Operating Expenses Growth & History (SLV)
iShares Silver Trust's operating expenses was $95.5M for fiscal 2025.
View full iShares Silver Trust company overviewiShares Silver Trust annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $95.5M | $32.3M | +51.01% |
| 2024 | 2024-12-31 | $63.3M | $9.7M | +18.13% |
| 2023 | 2023-12-31 | $53.6M | −$2.9M | −5.09% |
| 2022 | 2022-12-31 | $56.4M | −$14.8M | −20.75% |
| 2021 | 2021-12-31 | $71.2M | $20.6M | +40.61% |
| 2020 | 2020-12-31 | $50.6M | $22.9M | +82.40% |
| 2019 | 2019-12-31 | $27.8M | $2.4M | +9.59% |
| 2018 | 2018-12-31 | $25.3M | −$3.0M | −10.47% |
| 2017 | 2017-12-31 | $28.3M | −$848,981 | −2.91% |
| 2016 | 2016-12-31 | $29.1M | $3.9M | +15.24% |
| 2015 | 2015-12-31 | $25.3M | −$6.3M | −19.90% |
| 2014 | 2014-12-31 | $31.6M | −$8.2M | −20.69% |
| 2013 | 2013-12-31 | $39.8M | −$8.8M | −18.16% |
| 2012 | 2012-12-31 | $48.7M | −$9.0M | −15.55% |
| 2011 | 2011-12-31 | $57.6M | $26.3M | +84.15% |
| 2010 | 2010-12-31 | $31.3M | $11.2M | +55.83% |
| 2009 | 2009-12-31 | $20.1M | $5.7M | +39.88% |
| 2008 | 2008-12-31 | $14.4M | — | — |
iShares Silver Trust quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $44.4M | $25.3M | +131.58% |
| Q1 2026 | 2026-03-31 | $52.7M | $35.2M | +200.97% |
| Q4 2025 | 2025-12-31 | $34.8M | $16.3M | +87.64% |
| Q3 2025 | 2025-09-30 | $24.0M | $7.1M | +41.92% |
| Q2 2025 | 2025-06-30 | $19.2M | $3.9M | +25.81% |
| Q1 2025 | 2025-03-31 | $17.5M | $5.0M | +39.72% |
| Q4 2024 | 2024-12-31 | $18.6M | $5.6M | +43.47% |
| Q3 2024 | 2024-09-30 | $16.9M | $3.6M | +26.55% |
| Q2 2024 | 2024-06-30 | $15.3M | $1.1M | +8.03% |
| Q1 2024 | 2024-03-31 | $12.5M | −$595,632 | −4.54% |
| Q4 2023 | 2023-12-31 | $12.9M | $253,936 | +2.00% |
| Q3 2023 | 2023-09-30 | $13.4M | $1.5M | +12.85% |
| Q2 2023 | 2023-06-30 | $14.1M | −$1.8M | −11.39% |
| Q1 2023 | 2023-03-31 | $13.1M | −$2.8M | −17.75% |
| Q4 2022 | 2022-12-31 | $12.7M | −$3.3M | −20.85% |
| Q3 2022 | 2022-09-30 | $11.9M | −$5.1M | −30.13% |
| Q2 2022 | 2022-06-30 | $15.9M | −$3.0M | −15.86% |
| Q1 2022 | 2022-03-31 | $16.0M | −$3.3M | −17.20% |
| Q4 2021 | 2021-12-31 | $16.0M | −$1.1M | −6.40% |
| Q3 2021 | 2021-09-30 | $17.0M | $63,389 | +0.38% |
| Q2 2021 | 2021-06-30 | $18.9M | $10.0M | +111.55% |
| Q1 2021 | 2021-03-31 | $19.3M | $11.6M | +151.23% |
| Q4 2020 | 2020-12-31 | $17.1M | $8.9M | +109.34% |
| Q3 2020 | 2020-09-30 | $16.9M | $9.1M | +116.19% |
| Q2 2020 | 2020-06-30 | $9.0M | $3.1M | +53.79% |
| Q1 2020 | 2020-03-31 | $7.7M | $1.7M | +28.98% |
| Q4 2019 | 2019-12-31 | $8.2M | $2.2M | +37.05% |
| Q3 2019 | 2019-09-30 | $7.8M | $1.6M | +25.39% |
| Q2 2019 | 2019-06-30 | $5.8M | −$770,602 | −11.69% |
| Q1 2019 | 2019-03-31 | $6.0M | −$591,954 | −9.05% |
| Q4 2018 | 2018-12-31 | $6.0M | −$812,147 | −11.99% |
| Q3 2018 | 2018-09-30 | $6.2M | −$894,127 | −12.54% |
| Q2 2018 | 2018-06-30 | $6.6M | −$636,062 | −8.80% |
| Q1 2018 | 2018-03-31 | $6.5M | −$621,728 | −8.68% |
| Q4 2017 | 2017-12-31 | $6.8M | −$859,498 | −11.26% |
| Q3 2017 | 2017-09-30 | $7.1M | −$1.5M | −17.85% |
| Q2 2017 | 2017-06-30 | $7.2M | $238,983 | +3.42% |
| Q1 2017 | 2017-03-31 | $7.2M | $1.3M | +22.60% |
| Q4 2016 | 2016-12-31 | $7.6M | $1.7M | +29.27% |
| Q3 2016 | 2016-09-30 | $8.7M | $2.6M | +41.97% |
| Q2 2016 | 2016-06-30 | $7.0M | $370,492 | +5.60% |
| Q1 2016 | 2016-03-31 | $5.8M | −$811,086 | −12.19% |
| Q4 2015 | 2015-12-31 | $5.9M | −$1.2M | −17.23% |
| Q3 2015 | 2015-09-30 | $6.1M | −$2.1M | −25.44% |
| Q2 2015 | 2015-06-30 | $6.6M | −$1.5M | −18.00% |
| Q1 2015 | 2015-03-31 | $6.7M | −$1.5M | −18.55% |
| Q4 2014 | 2014-12-31 | $7.1M | −$1.6M | −18.26% |
| Q3 2014 | 2014-09-30 | $8.2M | −$793,000 | −8.82% |
| Q2 2014 | 2014-06-30 | $8.1M | −$1.5M | −15.79% |
| Q1 2014 | 2014-03-31 | $8.2M | −$4.3M | −34.68% |
| Q4 2013 | 2013-12-31 | $8.7M | −$4.3M | −33.13% |
| Q3 2013 | 2013-09-30 | $9.0M | −$2.7M | −23.31% |
| Q2 2013 | 2013-06-30 | $9.6M | −$1.8M | −15.56% |
| Q1 2013 | 2013-03-31 | $12.5M | −$13,000 | −0.10% |
| Q4 2012 | 2012-12-31 | $13.1M | $450,000 | +3.57% |
| Q3 2012 | 2012-09-30 | $11.7M | −$3.7M | −24.00% |
| Q2 2012 | 2012-06-30 | $11.4M | −$4.8M | −29.80% |
| Q1 2012 | 2012-03-31 | $12.5M | −$889,000 | −6.63% |
| Q4 2011 | 2011-12-31 | $12.6M | $1.4M | +12.25% |
| Q3 2011 | 2011-09-30 | $15.4M | $8.3M | +117.77% |
| Q2 2011 | 2011-06-30 | $16.2M | $9.5M | +141.69% |
| Q1 2011 | 2011-03-31 | $13.4M | $7.1M | +113.50% |
| Q4 2010 | 2010-12-31 | $11.2M | — | — |
| Q3 2010 | 2010-09-30 | $7.1M | $1.9M | +36.34% |
| Q2 2010 | 2010-06-30 | $6.7M | $2.0M | +43.59% |
| Q1 2010 | 2010-03-31 | $6.3M | — | — |
| Q3 2009 | 2009-09-30 | $5.2M | — | — |
| Q2 2009 | 2009-06-30 | $4.7M | — | — |
iShares Silver Trust operating expenses trends
Over the last five fiscal years, iShares Silver Trust's operating expenses increased from $50.6M to $95.5M, a change of $44.9M. The latest reported quarter, Q2 2026, shows $44.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review iShares Silver Trust source filings ↗