SPDR GOLD TRUST GLD
SPDR® Gold Trust (the "Trust") is an investment trust, formed on November 12, 2004 under New York law pursuant to a trust indenture (the "Trust Indenture"). The Trust holds gold and from time to time issues SPDR® Gold Shares (the "Shares") in Baskets in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. A Basket equals a block of 100,000 Shares. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. World Gold Trust Services, LLC ("WGTS") is the sponsor of the Trust (the "Sponsor"). The Bank of New York Mellon ("BNY") is the trustee of the Trust (the "Trustee"). State Street Global Advisors Funds Distributors, LLC ("SSGA") is the marketing agent of the Trust (the "Marketing Agent"). HSBC Bank plc ("HSBC") and JPMorgan Chase Bank, N.A. ("JPMorgan") are the Trust's custodians (each a "Custodian" and together, the "Custodians").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | — | — | — | — | — | $0 |
| Total operating expenses | $363.1M | $242.1M | $221.6M | $238.5M | $257.6M | $225.6M | $135.2M | $136.3M | $136.1M | $127.1M |
| Operating income | — | — | — | — | — | — | — | — | -$136.1M | -$127.1M |
| Net income | $35.55B | $20.36B | $5.55B | -$2.94B | -$5.75B | $13.08B | $7.25B | -$2.62B | -$1.89B | $4.95B |
| EPS, basic | 111.13 | 69.02 | 17.50 | -8.39 | -15.25 | 36.89 | 27.00 | -9.35 | -6.59 | 18.36 |
| Shares, diluted (wtd. avg.) | $319.9M | $295.0M | $317.0M | $350.9M | $376.9M | $354.7M | $268.5M | $280.2M | $287.3M | $269.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Receivables | — | — | — | — | — | — | — | — | — | $0 |
| Total assets | $124.57B | $73.73B | $52.54B | $50.69B | $55.47B | $76.98B | $44.17B | $28.33B | $35.67B | $40.36B |
| Accounts payable | — | — | — | — | — | — | — | — | — | $0 |
| Total liabilities | $38.3M | $23.6M | $17.9M | $202.8M | $18.7M | $25.4M | $210.2M | $9.4M | $11.7M | $63.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Buybacks | — | — | — | — | — | — | — | — | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-25-036305.
Others in SIC 6221
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| IAU | ISHARES GOLD TRUST | $65.76B | — | — |
| IBIT | iShares Bitcoin Trust ETF | $58.86B | — | — |
| SLV | iShares Silver Trust | $32.20B | — | — |
| GLDM | World Gold Trust | $30.19B | — | — |
| AGQ | ProShares Trust II | $10.74B | — | — |
| GBTC | Grayscale Bitcoin Trust ETF | $10.63B | — | — |
| SGOL | abrdn Gold ETF Trust | $7.41B | — | — |
| ETHA | iShares Ethereum Trust ETF | $7.13B | — | — |