IAU Financials Ishares Gold Trust
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $24.3B | — | — | — | — | — | — | — |
| 2024 | — | $6.6B | — | — | — | — | — | — | — |
| 2023 | — | $3.3B | — | — | — | — | — | — | — |
| 2022 | — | -$539M | — | — | — | — | — | — | $0 |
| 2021 | — | -$1.4B | — | — | — | — | — | — | $0 |
| 2020 | — | $4.8B | — | — | — | — | — | — | $0 |
| 2019 | — | $2.3B | — | — | — | — | — | — | $0 |
| 2018 | — | -$198M | — | — | — | — | — | — | $0 |
| 2017 | — | $882M | — | — | — | — | — | — | $0 |
| 2016 | — | $309M | — | — | — | — | — | — | $0 |
| 2015 | — | -$762M | — | — | -14.6% | — | — | — | $0 |
| 2014 | — | -$42M | — | — | -0.7% | -0.7% | — | — | $0 |
| 2013 | -$606M | -$628M | 0.0% | 0.0% | — | -10.0% | — | — | $0 |
| 2012 | $162M | $136M | 0.0% | 0.0% | -5.8% | 1.5% | — | — | $0 |
| 2011 | $277M | $259M | 0.0% | 0.0% | -14.0% | 3.9% | — | — | $0 |
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | -$9.0B | — | — | — | — | — | — | — |
| Mar '26 | — | $4.9B | — | — | — | — | — | — | — |
| Dec '25 | — | $7.5B | — | — | — | — | — | — | — |
| Sep '25 | — | $7.9B | — | — | — | — | — | — | — |
| Jun '25 | — | $2.3B | — | — | — | — | — | — | — |
| Mar '25 | — | $6.6B | — | — | — | — | — | — | — |
| Dec '24 | — | -$285M | — | — | — | — | — | — | — |
| Sep '24 | — | $3.5B | — | — | — | — | — | — | — |
| Jun '24 | — | $1.4B | — | — | — | — | — | — | — |
| Mar '24 | — | $1.9B | — | — | — | — | — | — | — |
| Dec '23 | — | $2.5B | — | — | — | — | — | — | — |
| Sep '23 | — | -$556M | — | — | — | — | — | — | — |
| Jun '23 | — | -$1.0B | — | — | — | — | — | — | — |
| Mar '23 | — | $2.4B | — | — | — | — | — | — | — |
| Dec '22 | — | $2.0B | — | — | — | — | — | — | $0 |
| Sep '22 | — | -$2.4B | — | — | — | — | — | — | $0 |
| Jun '22 | — | -$2.1B | — | — | — | — | — | — | $0 |
| Mar '22 | — | $1.9B | — | — | — | — | — | — | $0 |
| Dec '21 | — | $1.2B | — | — | — | — | — | — | $0 |
| Sep '21 | — | -$343M | — | — | — | — | — | — | $0 |
Valuation over time
How the market has priced IAU against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 6.4× (Jan '24) to 1.9× (Sep '26).
Frequently asked questions
Is IAU growing its revenue and profit?
See the revenue and net-income charts above for Ishares Gold Trust's multi-year trend.
How much debt does IAU have?
As of FY2025, Ishares Gold Trust reported — of total debt against — of cash.
What is IAU's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is IAU's P/E ratio?
As of Sep '26, Ishares Gold Trust traded at a price-to-earnings ratio of about 1.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.