Pan American Silver Corp. (PAAS)
NYSE: PAAS · Real-Time Price · USD
51.92
-0.95 (-1.80%)
At close: Aug 31, 2026, 4:00 PM EDT
50.25
-1.67 (-3.22%)
Pre-market: Sep 1, 2026, 4:49 AM EDT
Pan American Silver Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 1,124 | 1,154 | 1,179 | 854.6 | 812 | 773 | 815.2 | 716.1 | 686.3 | 601.4 | 669.6 | 616.3 | 639.9 | 390.3 | 375.4 | 338.9 | 340.5 | 439.9 | 422.17 | 460.35 | |
Revenue Growth (YoY) | 38.42% | 49.29% | 44.66% | 19.34% | 18.32% | 28.53% | 21.74% | 16.19% | 7.25% | 54.09% | 78.37% | 81.85% | 87.93% | -11.28% | -11.08% | -26.38% | -10.90% | 19.51% | -1.93% | 53.24% |
Cost of Revenue | 555 | 440 | 483.7 | 428.1 | 423 | 411 | 448.4 | 413.5 | 447.4 | 414.7 | 515.2 | 435.7 | 410 | 262 | 289 | 286.1 | 309 | 298.3 | 279.26 | 285.77 |
Gross Profit | 569 | 714 | 695.6 | 426.5 | 389 | 362 | 366.8 | 302.6 | 238.9 | 186.7 | 154.4 | 180.6 | 229.9 | 128.3 | 86.4 | 52.8 | 31.5 | 141.6 | 142.91 | 174.58 |
Selling, General & Admin | 18 | 39 | 38.5 | 31.4 | 21 | 25 | 6.5 | 17.4 | 23.7 | 22.4 | 18.5 | 15 | 17.5 | 10.4 | 3.1 | 6.8 | 8.4 | 11 | 8.26 | 9.08 |
Other Operating Expenses | - | 1 | 86.4 | 19.1 | -4 | -18 | 57.7 | 2.4 | 4.8 | 21.9 | 33.2 | 13.9 | 5.8 | 3.8 | 19.8 | 7.9 | -3.7 | 2.5 | 3.57 | 8.66 |
Operating Expenses | 144 | 159 | 264.5 | 176.3 | 142 | 130 | 253 | 153.2 | 160.1 | 171.5 | 188.3 | 169.9 | 202.5 | 88.3 | 85.7 | 95.4 | 182.3 | 100.8 | 92.05 | 103.33 |
Operating Income | 425 | 555 | 431.1 | 250.2 | 247 | 232 | 113.8 | 149.4 | 78.8 | 15.2 | -33.9 | 10.7 | 27.4 | 40 | 0.7 | -42.6 | -150.8 | 40.8 | 50.87 | 71.25 |
Interest Expense | -22 | -24 | -17.2 | -14.2 | -21 | -20 | -12.7 | -11.9 | -11.8 | -11.6 | -13.2 | -16.9 | -18.5 | -2.8 | -2.2 | -1.2 | -1 | -0.9 | -0.82 | -1.01 |
Interest & Investment Income | 9 | 22 | 51.6 | 20.6 | 12 | 5 | - | - | 3 | - | - | - | - | 6.9 | 5.4 | - | - | 2.8 | 0.48 | - |
Earnings From Equity Investments | 75 | 88 | 60.7 | 16.3 | - | - | - | - | - | - | - | - | - | -0.4 | - | - | - | 45 | 0.29 | 0.54 |
Currency Exchange Gain (Loss) | -6 | 4 | 25.8 | -0.4 | -4 | - | -6.3 | 1.6 | 6.3 | 11.4 | 0.4 | 14.6 | 1.5 | 0.7 | 8.1 | -2.2 | -5.1 | 1.3 | -0.25 | -0.97 |
Other Non Operating Income (Expenses) | 1 | 5 | 1.3 | -0.4 | - | -2 | -3.1 | -1 | -1 | -0.9 | -3.1 | -0.9 | -1.3 | -0.5 | -0.5 | -0.7 | -0.6 | -0.6 | -0.8 | -2.41 |
EBT Excluding Unusual Items | 482 | 650 | 553.3 | 272.1 | 234 | 215 | 91.7 | 138.1 | 75.3 | 14.1 | -49.8 | 7.5 | 9.1 | 43.9 | 11.5 | -46.7 | -157.5 | 88.4 | 49.77 | 67.39 |
Merger & Restructuring Charges | - | - | -0.3 | -0.2 | - | - | -0.5 | -4.1 | -2.4 | - | 45.4 | -1.4 | -43.6 | -18.9 | -157.4 | - | - | - | - | - |
Gain (Loss) on Sale of Investments | - | - | - | - | - | - | -5.6 | -0.6 | - | -10.8 | 3.3 | -7.8 | -7.9 | - | 1.3 | -12.6 | -7.6 | - | -6.08 | -25.25 |
Gain (Loss) on Sale of Assets | 2 | -9 | -7.6 | -21.7 | 1 | -1 | 140.9 | -3 | -1.2 | 0.3 | -0.4 | 10 | -1.9 | 0.2 | -1.1 | -0.6 | -0.5 | -0.2 | -0.55 | 28.46 |
Asset Writedown | - | - | - | - | - | - | - | - | - | - | -46.5 | - | - | - | -24.9 | - | - | - | - | - |
Legal Settlements | - | - | -1.7 | -1.7 | - | - | -0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Unusual Items | - | - | -3.1 | 0.6 | - | - | - | - | - | - | - | - | - | - | 17.4 | -9.4 | -1.1 | - | - | - |
Pretax Income | 484 | 641 | 540.6 | 249.1 | 235 | 214 | 226.3 | 130.4 | 71.7 | 3.6 | -48 | 8.3 | -44.3 | 25.2 | -153.2 | -69.3 | -166.7 | 88.2 | 43.14 | 70.6 |
Income Tax Expense | 179 | 185 | 88.7 | 79.9 | 45 | 45 | 118.2 | 73.3 | 93.1 | 34.4 | 19.8 | 28.9 | -11.3 | 8.7 | 18.9 | 1.9 | 6.9 | 11.4 | 28.47 | 50.39 |
Earnings From Continuing Operations | 305 | 456 | 451.9 | 169.2 | 190 | 169 | 108.1 | 57.1 | -21.4 | -30.8 | -67.8 | -20.6 | -33 | 16.5 | -172.1 | -71.2 | -173.6 | 76.8 | 14.66 | 20.22 |
Minority Interest in Earnings | -1 | 1 | -0.4 | -0.6 | -1 | - | - | -0.4 | -0.5 | -0.1 | -0.2 | 0.9 | 0.6 | -0.1 | -0.6 | -0.3 | -0.4 | -0.3 | -0.63 | 0.03 |
Net Income | 304 | 457 | 451.5 | 168.6 | 189 | 169 | 108.1 | 56.7 | -21.9 | -30.9 | -68 | -19.7 | -32.4 | 16.4 | -172.7 | -71.5 | -174 | 76.5 | 14.04 | 20.25 |
Net Income to Common | 304 | 457 | 451.5 | 168.6 | 189 | 169 | 108.1 | 56.7 | -21.9 | -30.9 | -68 | -19.7 | -32.4 | 16.4 | -172.7 | -71.5 | -174 | 76.5 | 14.04 | 20.25 |
Net Income Growth (YoY) | 60.85% | 170.41% | 317.67% | 197.35% | - | - | - | - | - | - | - | - | - | -78.56% | - | - | - | - | -91.69% | -69.20% |
Shares Outstanding (Basic) | 420 | 422 | 422 | 379 | 362 | 362 | 363 | 363 | 363 | 364 | 365 | 364 | 364 | 211 | 211 | 211 | 211 | 210 | 210 | 210 |
Shares Outstanding (Diluted) | 420 | 422 | 422 | 379 | 362 | 363 | 363 | 363 | 363 | 364 | 365 | 364 | 364 | 211 | 211 | 211 | 211 | 211 | 210 | 210 |
Shares Change (YoY) | 16.08% | 16.39% | 16.26% | 4.36% | -0.23% | -0.54% | -0.49% | -0.38% | -0.41% | 72.98% | 73.29% | 73.11% | 73.12% | 0.07% | 0.06% | 0.05% | 0.04% | 0.14% | 0.03% | 0.03% |
EPS (Basic) | 0.72 | 1.08 | 1.07 | 0.45 | 0.52 | 0.47 | 0.30 | 0.16 | -0.06 | -0.08 | -0.19 | -0.05 | -0.09 | 0.08 | -0.82 | -0.34 | -0.83 | 0.36 | 0.07 | 0.10 |
EPS (Diluted) | 0.72 | 1.08 | 1.07 | 0.44 | 0.52 | 0.47 | 0.30 | 0.16 | -0.06 | -0.08 | -0.19 | -0.05 | -0.09 | 0.08 | -0.82 | -0.34 | -0.83 | 0.36 | 0.06 | 0.10 |
EPS Growth (YoY) | 38.46% | 131.60% | 258.57% | 181.69% | - | - | - | - | - | - | - | - | - | -78.38% | - | - | - | - | -92.53% | -68.94% |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 221 | 400 | 461.6 | 217.6 | 234 | 109 | 188.9 | 151.1 | 86.8 | -25.8 | 48.5 | 5.9 | 4 | 12.8 | -184.5 | -14.7 | -51 | 7.3 | 47.95 | 94.83 |
Free Cash Flow Per Share | 0.53 | 0.95 | 1.09 | 0.57 | 0.65 | 0.30 | 0.52 | 0.42 | 0.24 | -0.07 | 0.13 | 0.02 | 0.01 | 0.06 | -0.88 | -0.07 | -0.24 | 0.04 | 0.23 | 0.45 |
Dividend Per Share | 0.180 | 0.180 | 0.140 | 0.120 | 0.100 | 0.100 | 0.100 | 0.100 | 0.100 | 0.100 | 0.100 | 0.100 | 0.100 | 0.100 | 0.100 | 0.100 | 0.120 | 0.120 | 0.100 | 0.100 |
Dividend Growth (YoY) | 80.00% | 80.00% | 40.00% | 20.00% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -16.67% | -16.67% | 0% | 0% | 71.43% | 71.43% | 42.86% | 100.00% |
Gross Margin | 50.62% | 61.87% | 58.98% | 49.91% | 47.91% | 46.83% | 45.00% | 42.26% | 34.81% | 31.04% | 23.06% | 29.30% | 35.93% | 32.87% | 23.02% | 15.58% | 9.25% | 32.19% | 33.85% | 37.92% |
Operating Margin | 37.81% | 48.09% | 36.56% | 29.28% | 30.42% | 30.01% | 13.96% | 20.86% | 11.48% | 2.53% | -5.06% | 1.74% | 4.28% | 10.25% | 0.19% | -12.57% | -44.29% | 9.28% | 12.05% | 15.48% |
Profit Margin | 27.05% | 39.60% | 38.29% | 19.73% | 23.28% | 21.86% | 13.26% | 7.92% | -3.19% | -5.14% | -10.15% | -3.20% | -5.06% | 4.20% | -46.00% | -21.10% | -51.10% | 17.39% | 3.33% | 4.40% |
Free Cash Flow Margin | 19.66% | 34.66% | 39.14% | 25.46% | 28.82% | 14.10% | 23.17% | 21.10% | 12.65% | -4.29% | 7.24% | 0.96% | 0.63% | 3.28% | -49.15% | -4.34% | -14.98% | 1.66% | 11.36% | 20.60% |
EBITDA | 554 | 676 | 580 | 370.7 | 376 | 358 | 287.8 | 279.6 | 207.2 | 139.6 | 67.9 | 158.2 | 210.4 | 115.8 | 58.7 | 39 | 26.3 | 129 | 128.87 | 156.3 |
EBITDA Margin | 49.29% | 58.58% | 49.18% | 43.38% | 46.30% | 46.31% | 35.30% | 39.05% | 30.19% | 23.21% | 10.14% | 25.67% | 32.88% | 29.67% | 15.64% | 11.51% | 7.72% | 29.33% | 30.53% | 33.95% |
D&A For EBITDA | 129 | 121 | 148.9 | 120.5 | 129 | 126 | 174 | 130.2 | 128.4 | 124.4 | 101.8 | 147.5 | 183 | 75.8 | 58 | 81.6 | 177.1 | 88.2 | 78.01 | 85.05 |
EBIT | 425 | 555 | 431.1 | 250.2 | 247 | 232 | 113.8 | 149.4 | 78.8 | 15.2 | -33.9 | 10.7 | 27.4 | 40 | 0.7 | -42.6 | -150.8 | 40.8 | 50.87 | 71.25 |
EBIT Margin | 37.81% | 48.09% | 36.56% | 29.28% | 30.42% | 30.01% | 13.96% | 20.86% | 11.48% | 2.53% | -5.06% | 1.74% | 4.28% | 10.25% | 0.19% | -12.57% | -44.29% | 9.28% | 12.05% | 15.48% |
Effective Tax Rate | 36.98% | 28.86% | 16.41% | 32.07% | 19.15% | 21.03% | 52.23% | 56.21% | 129.85% | 955.56% | - | 348.19% | - | 34.52% | - | - | - | 12.93% | 66.00% | 71.36% |