NYSE$GLD

SPDR Gold · Q2 2026 earnings

Q2 2026 earnings ·

Briefing

SPDR Gold Trust reported Q2 fiscal 2026 net asset growth of $10.2B on gold appreciation, with NAV per share up sharply versus prior year.

For the quarter ended March 31, 2026, the SPDR Gold Trust (GLD) reported net increase in net assets from operations of $10.22 billion versus $14.27 billion in Q2 2025, driven by realized and unrealized gains on gold holdings as bullion prices rose. The trust holds physical gold bullion; it does not generate corporate-style revenue or EPS. Total assets were approximately $155.2 billion at quarter end.

  • Net increase in net assets from operations $10.22B.
  • Gold holdings fair value ~$155.0B at March 31, 2026.
  • Passive bullion ETF—returns track spot gold net of expenses.
  • Sponsor fee accrual $56.8M accounts payable.
  • Investor demand reflected in share issuance activity.

Headline financials

EPS (adj)

$27.18

Previous: $46.18-41.1%
Net Income

$10.2B

Previous: $14.3B-28.4%

Revenue & EPS history

SPDR Gold · Revenue · Quarterly

-$98.8M

Q3 2025+59.1%vs Q3 2024

Forward guidance

Trust structure—no management guidance; performance follows spot gold prices and fund flows.

Tailwinds

  • Strong NAV appreciation in rising gold market.

Headwinds

  • No operating business; returns purely commodity-linked.
  • Sponsor fees reduce NAV over time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

+0.2%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.8%

Avg return

30 days after

56%

40 / 72 earnings

Positive

+4.0%

Q3 2011

Best reaction

-5.7%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.9%+4.6%-1.0%
Q1 2026-0.1%+2.8%+4.2%
Q3 2025-0.2%-0.8%+6.4%
Q2 2025-1.5%-5.5%-3.3%
Q1 2025+0.6%+2.2%+2.2%
Q4 2024-2.8%-1.7%-3.4%
Q3 2024-0.9%+0.9%+4.4%
Q2 2024+1.3%+1.0%-1.2%
Q1 2024-0.2%-1.0%-1.3%
Q4 2023+0.1%+0.8%+2.7%
Q3 2023-0.9%-1.4%-1.3%
Q2 2023+0.6%-0.5%-2.7%
Q1 2023+0.8%+0.5%+5.4%
Q4 2022+0.7%-0.1%+3.2%
Q3 2022-0.3%-0.2%-4.7%
Q2 2022-2.3%-3.8%-1.5%
Q1 2022-0.9%-0.4%-1.6%
Q4 2021-0.3%-0.4%+1.0%
Q3 2021-2.9%-4.6%+0.9%
Q2 2021+2.6%+2.9%+5.9%
Q1 2021+2.6%+2.9%-2.9%
Q4 2020-1.6%-2.6%+2.4%
Q3 2020-5.7%-4.3%-4.1%
Q2 2020-1.2%+0.1%-2.1%
Q1 2020+0.9%+2.3%+4.1%
Q4 2019+0.0%+0.1%+2.6%
Q3 2019+2.3%+2.5%+3.9%
Q2 2019+0.1%+0.5%+4.2%
Q1 2019+0.2%+0.3%+3.0%
Q4 2018-0.2%-0.1%+4.3%
Q3 2018+0.5%+0.3%-0.7%
Q2 2018+0.5%+0.7%-1.0%
Q1 2018+1.2%+1.4%+2.5%
Q4 2017-0.6%-1.0%+0.0%
Q3 2017-0.9%+0.6%+4.5%
Q2 2017-0.6%-2.0%+0.1%
Q1 2017+0.8%+2.7%+4.0%
Q4 2016+0.6%-0.4%-3.3%
Q3 2016+0.3%-1.3%-3.0%
Q2 2016+1.6%
Q1 2016+1.4%
Q4 2015+0.2%
Q3 2015-0.2%
Q2 2015-0.9%
Q1 2015-1.0%
Q4 2014+0.0%
Q3 2014-0.2%
Q2 2014+0.6%
Q1 2014+2.3%
Q4 2013-0.8%
Q3 2013+2.2%
Q2 2013+0.3%
Q1 2013+1.6%
Q4 2012-0.9%
Q3 2012+0.5%
Q2 2012-2.9%
Q1 2012+2.6%
Q4 2011+0.8%
Q3 2011+4.0%
Q2 2011+2.7%
Q1 2011+0.7%
Q4 2010+1.7%
Q3 2010+1.0%
Q2 2010+2.0%
Q1 2009-0.3%
Q1 2010+2.7%
Q4 2009+0.3%
Q2 2009+0.3%
Q4 2008-0.5%
Q3 2009-0.5%
Q3 2008-0.5%
Q4 2007-0.5%

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