NYSE$IAU

iShares Gold Trust · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

iShares Gold Trust reported Q1 2026 NAV of $86.73 per share with a $5.84 per-share net increase from gold price appreciation.

For the quarter ended March 31, 2026, the iShares Gold Trust (IAU) held gold bullion with fair value of approximately $70.6 billion and net assets of $70.6 billion. NAV per share was $86.73 versus $81.13 at December 31, 2025. Net investment loss from the sponsor fee was $47.4 million, offset by net realized and unrealized gains on gold; net increase in net assets per share was $5.84 versus $9.53 a year ago.

  • NAV per share $86.73 (+6.9% during the quarter).
  • Gold bullion fair value ~$70.6B; 814.1M shares outstanding.
  • Sponsor fee $47.4M; net investment loss from fees.
  • Returns track spot gold less fees and trust expenses.

Headline financials

Total Revenue

$2.73B

Previous: $195M+1296.3%
EPS (adj)

$5.84

Previous: $9.53-38.7%
NAV per share (end of period)

$86.73

No prior period
Net Income

$4.91B

Previous: $6.55B-25.0%
Operating Income

-$47.4M

Previous: -$22.8M-107.8%
Gross Profit

$2.73B

Previous: $195M+1296.3%

Revenue & EPS history

iShares Gold Trust · Revenue · Quarterly

$2.73B

Q1 2026+1,296.3%vs Q1 2025

Forward guidance

Gold ETFs do not provide earnings guidance; performance follows gold prices, flows, and sponsor fees.

Tailwinds

  • NAV rose with gold bullion appreciation in Q1 2026.
  • Large scale and liquidity on NYSE.

Headwinds

  • Sponsor fee drags long-term returns vs. spot gold.
  • Share redemptions/creations sensitive to investor demand.

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 Q1 2026

Historical avgQ1 2026

+0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.3%

Avg return

30 days after

57%

17 / 30 earnings

Positive

+2.2%

Q3 2020

Best reaction

-2.4%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+0.5%-8.0%
Q3 2025+1.1%+4.4%+6.6%
Q2 2025+0.1%+0.7%+5.1%
Q1 2025-1.5%-5.5%-3.3%
Q3 2024+1.7%-2.3%-1.1%
Q2 2024+1.6%+3.4%+4.6%
Q1 2024-0.3%+1.0%-1.2%
Q3 2023+0.3%-1.9%+4.3%
Q2 2023+0.3%-1.0%+0.3%
Q1 2023-1.6%-0.9%-4.9%
Q3 2022+1.0%+3.0%+10.5%
Q2 2022+1.6%+1.6%-3.1%
Q1 2022+0.2%-1.3%-1.5%
Q3 2021-0.8%+2.0%-0.3%
Q2 2021-2.4%-2.8%+1.4%
Q1 2021-0.8%+2.2%+4.4%
Q3 2020+2.2%-1.8%-3.6%
Q2 2020+0.9%+0.2%-4.2%
Q1 2020-1.0%-0.6%-1.5%
Q3 2019+0.5%-2.0%-1.6%
Q2 2019+0.9%+2.5%+3.9%
Q1 2019+0.3%+0.6%+4.2%
Q3 2018-0.4%-1.7%+0.5%
Q2 2018-0.5%-0.3%-1.4%
Q1 2018+0.0%+0.2%-1.4%
Q3 2017-0.4%-0.4%-2.6%
Q2 2017+0.2%+2.6%+7.1%
Q1 2017+0.1%-0.6%+4.1%
Q3 2016-1.8%-5.8%-10.1%
Q2 2016-0.1%-0.2%+0.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro