NYSE$IAU

iShares Gold Trust · Q3 2025 earnings

Q3 2025 earnings ·

Briefing

iShares Gold Trust (IAU) reported Q3 2025 NAV per share of $72.08, up 16.3% for the quarter.

For the quarter ended September 30, 2025, IAU's NAV per share rose from $61.98 to $72.08 as gold prices increased about 16%. The trust is a passive ETF holding gold bullion; net investment loss reflects sponsor fees while unrealized gains on gold drove the increase in net assets.

  • NAV per share $72.08 vs. $61.98 at prior quarter end.
  • Quarter total return at NAV about 16.3%.
  • Gold price appreciation drove NAV gains.
  • Passive structure; returns track bullion less fees.

Headline financials

Total Revenue

$308M

Previous: $574M-46.4%
EPS

$10.23

Previous: $5.58+83.3%
NAV per share (end of period)

$72.08

No prior period
Total return at NAV (quarter)

16.3%

No prior period
Free Cash Flow

$7.94B

Previous: $3.54B+124.3%
Net Income

$7.94B

Previous: $3.54B+124.3%
Operating Income

-$31.8M

Previous: -$18.6M-70.7%
Gross Profit

$308M

Previous: $574M-46.4%

Revenue & EPS history

iShares Gold Trust · Revenue · Quarterly

$308M

Q3 2025-46.4%vs Q3 2024

Forward guidance

Passive commodity trust; no operating guidance. Returns track underlying asset prices net of fees.

Tailwinds

  • Bullion or bitcoin price trends drive NAV.
  • Low expense ratio vs. active alternatives.

Headwinds

  • No operating earnings; returns are commodity-driven.
  • Market price can diverge from NAV.

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 Q3 2025

Historical avgQ3 2025

+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