EPS (Diluted)Not reportedfor the trailing 12 months
Operating Cash Flow$0YoY not available
Source SEC Filings (10-K/10-Q)Latest period Q3 FY2026, ended Jun 30, 2026ReportedCurrency USDFYE September
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 4, 2026.
Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLD SEC filings page.
This page shows SPDR Gold Trust, SPDR Gold Shares (GLD) financial statements, including the
income statement, balance sheet, cash flow statement, and key financial ratios.
View 15 years of annual fundamentals and quarterly data, with year-over-year
growth rates and compound annual growth rates (CAGR).
All figures are derived from SEC filings (10-K and 10-Q reports).
Rhea AIGLDFY2025
Asset-value scaling defines this gold-holding vehicle: reported earnings expand with the portfolio, while liabilities remain almost immaterial and cash conversion stays opaque.
Between FY2024 and FY2025, assets and net income increased in tandem, while return on assets barely moved from 27.6% to 28.5%. That pairing suggests the earnings step-up came mainly from a larger underlying asset base, not a major improvement in operating efficiency; reported operating cash flow was $0 in both years, leaving cash conversion un demonstrated.
In FY2025, total liabilities were just $38.3M against $124.6B of assets. With debt-to-equity at 0.0x, the reported structure is overwhelmingly asset-funded rather than dependent on borrowing.
Net income moved from losses in FY2021-22 to $5.5B in FY2023 and $35.6B in FY2025, showing that reported profitability is highly sensitive to the portfolio’s changing value. Yet operating cash flow is reported at $0 in every year, so the supplied figures describe accounting results without demonstrating profit-to-cash conversion.
Financial Health Signals
Financial health score not available
SPDR Gold Trust, SPDR Gold Shares does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Piotroski F-ScorePartial
2/5
SPDR Gold Trust, SPDR Gold Shares passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Earnings QualityLow Quality
0.00x
For every $1 of reported earnings, SPDR Gold Trust, SPDR Gold Shares generates $0.00 in operating cash flow ($0 OCF vs $35.6B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
SPDR Gold Trust, SPDR Gold Shares reported -$19.4B in net income in Q3 2026. This represents a decrease of 483.3% from the same quarter a year earlier. Against the prior quarter it is down 289.5%.
Revenue
Not reported for Q3 2026.
EBITDA
Not reported for Q3 2026.
EPS (Diluted)
Not reported for Q3 2026.
Cash & Balance Sheet
Cash & Debt
$0
SPDR Gold Trust, SPDR Gold Shares held $0 in cash as of Q3 2026; long-term debt is not reported for that period.
Shares Outstanding
352M
YoY+5.6%
QoQ-2.8%
5Y CAGR0.0%
10Y CAGR+0.9%
SPDR Gold Trust, SPDR Gold Shares had 352M shares outstanding in Q3 2026. This represents an increase of 5.6% from the same quarter a year earlier. Against the prior quarter it is down 2.8%.
Free Cash Flow
Not reported for Q3 2026.
Dividends Per Share
Not reported for Q3 2026.
Margins & Returns
Return on Equity
-14.9%
YoY-19.9pp
QoQ-21.5pp
5Y change-18.7pp
10Y change-20.7pp
SPDR Gold Trust, SPDR Gold Shares's ROE was -14.9% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 19.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 21.5 percentage points.
Gross Margin
Not reported for Q3 2026.
Operating Margin
Not reported for Q3 2026.
Net Margin
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
GLD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, EPS (Diluted), Diluted Shares (Avg).
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GLD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt, Retained Earnings.
GLD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GLD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Yes, SPDR Gold Trust, SPDR Gold Shares (GLD) reported a net income of $35.6B in fiscal year 2025.
What is SPDR Gold Trust, SPDR Gold Shares's return on equity (ROE)?
SPDR Gold Trust, SPDR Gold Shares (GLD) has a return on equity of 28.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is SPDR Gold Trust, SPDR Gold Shares's operating cash flow?
SPDR Gold Trust, SPDR Gold Shares (GLD) generated $0 in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are SPDR Gold Trust, SPDR Gold Shares's total assets?
SPDR Gold Trust, SPDR Gold Shares (GLD) had $124.6B in total assets as of fiscal year 2025, including both current and long-term assets.
How many shares does SPDR Gold Trust, SPDR Gold Shares have outstanding?
SPDR Gold Trust, SPDR Gold Shares (GLD) had 364M shares outstanding as of fiscal year 2025.
What is SPDR Gold Trust, SPDR Gold Shares's debt-to-equity ratio?
SPDR Gold Trust, SPDR Gold Shares (GLD) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is SPDR Gold Trust, SPDR Gold Shares's return on assets (ROA)?
SPDR Gold Trust, SPDR Gold Shares (GLD) had a return on assets of 28.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is SPDR Gold Trust, SPDR Gold Shares's Piotroski F-Score?
SPDR Gold Trust, SPDR Gold Shares (GLD) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SPDR Gold Trust, SPDR Gold Shares's earnings high quality?
SPDR Gold Trust, SPDR Gold Shares (GLD) has an earnings quality ratio of 0.00x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
