Agnico Eagle Mines Limited (AEM) Income Statement
AEM 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAEM revenue and net income
Where AEM's revenue goes
2025Each bar shows an amount and its share of revenue. AEM kept 37.5% of revenue as net income.
AEM profit margins
AEM growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +43.7% | +27.5% | +30.6% | +19.6% |
| Gross profit | +87.8% | +51.2% | +44.9% | +33.6% |
| Operating income | +100.9% | +63.7% | +50.4% | +43.4% |
| Net income | +135.4% | +88.1% | +54.2% | +68.2% |
| EPS (diluted) | +96.9% | +53.6% | +35.0% | +34.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AEM quarterly EPS vs estimates
Agnico Eagle Mines beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $2.50).
AEM income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.91B | $8.29B | $6.63B | $5.74B | $3.87B | $3.14B | $2.49B | $2.19B | $2.24B | $2.14B |
| Cost of revenue | $4.99B | $4.60B | $4.43B | $3.74B | $2.51B | $2.06B | $1.79B | $1.71B | $1.57B | $1.65B |
| Gross profit | $6.92B | $3.69B | $2.20B | $2.00B | $1.36B | $1.08B | $701.1M | $476.9M | $676.0M | $493.2M |
| Research & development | — | — | — | — | — | — | $104.8M | $137.7M | $141.4M | $147.0M |
| Sales, general & admin | $235.9M | $487.6M | $471.6M | $533.9M | $294.5M | $229.8M | $121.0M | $124.9M | $115.1M | $102.8M |
| Total operating expenses | $593.9M | $536.2M | $507.2M | $560.2M | $301.6M | $260.8M | $234.3M | $284.1M | $257.7M | $253.8M |
| Operating income | $6.33B | $3.15B | $1.69B | $1.44B | $1.06B | $822.0M | $466.8M | $192.9M | $418.3M | $239.4M |
| Interest income | $229.7M | $21.7M | $10.0M | $157.5M | $92.8M | $9.7M | $74.5M | $81.5M | $52.9M | $65.6M |
| Interest expense | $27.9M | $88.5M | $99.0M | $64.3M | $84.7M | $96.5M | $101.7M | $84.9M | $76.3M | $70.0M |
| Income before taxes | $6.70B | $2.82B | $2.36B | $1.12B | $932.7M | $767.6M | $738.7M | −$259.1M | $339.3M | $268.5M |
| Income taxes | $2.24B | $926.0M | $417.8M | $445.2M | $370.8M | $256.0M | $265.6M | $67.6M | $98.5M | $109.6M |
| Net income | $4.46B | $1.90B | $1.94B | $670.2M | $561.9M | $511.6M | $473.2M | −$326.7M | $240.8M | $158.8M |
| EBITDA | $8.38B | $4.42B | $3.94B | $2.27B | $1.75B | $1.48B | $1.38B | $375.9M | $927.0M | $956.3M |
| EPS (diluted) | $8.33 | $4.23 | $2.24 | $2.30 | $2.42 | $1.86 | $0.98 | $0.31 | $1.02 | $0.57 |
| Gross margin | 58.1% | 44.5% | 33.2% | 34.9% | 35.1% | 34.5% | 28.1% | 21.8% | 30.1% | 23.1% |
| Operating margin | 53.1% | 38.0% | 25.6% | 25.1% | 27.3% | 26.2% | 18.7% | 8.8% | 18.7% | 11.2% |
| Net margin | 37.5% | 22.9% | 29.3% | 11.7% | 14.5% | 16.3% | 19.0% | −14.9% | 10.7% | 7.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.71B | $4.10B | $3.56B | $3.06B | $2.82B | $2.47B | $2.22B | $2.16B | $2.08B | $1.83B | $1.76B | $1.64B |
| Cost of revenue | $1.40B | $1.38B | $1.37B | $1.27B | $1.17B | $1.18B | $1.14B | $1.17B | $1.15B | $1.14B | $1.17B | $1.18B |
| Gross profit | $2.30B | $2.72B | $2.20B | $1.79B | $1.65B | $1.28B | $1.09B | $981.7M | $926.2M | $689.0M | $587.6M | $461.9M |
| Sales, general & admin | $57.9M | $77.8M | $49.6M | $67.8M | $57.9M | $60.7M | $140.3M | $122.6M | $48.8M | $110.4M | $134.4M | $112.9M |
| Total operating expenses | $80.2M | $167.0M | $206.6M | $145.3M | $139.9M | $124.1M | $177.7M | $122.6M | $117.4M | $112.2M | $170.1M | $114.8M |
| Operating income | $2.22B | $2.56B | $1.99B | $1.65B | $1.51B | $1.16B | $911.0M | $859.1M | $808.8M | $576.8M | $417.6M | $347.1M |
| Interest income | $24.7M | $23.6M | $23.8M | $16.2M | $11.0M | $7.4M | $10.7M | $4.5M | $3.4M | $3.0M | $6.1M | $1.6M |
| Interest expense | $15.6M | $15.8M | $17.4M | $23.9M | $27.9M | $22.4M | $26.7M | $28.8M | $34.5M | $36.1M | $36.1M | $35.3M |
| Income before taxes | $2.26B | $2.56B | $2.32B | $1.58B | $1.62B | $1.19B | $782.5M | $839.8M | $710.2M | $489.0M | −$324.1M | $265.2M |
| Income taxes | $704.1M | $864.2M | $794.1M | $520.6M | $547.9M | $379.8M | $273.3M | $272.7M | $238.2M | $141.9M | $56.9M | $90.4M |
| Net income | $1.56B | $1.70B | $1.52B | $1.05B | $1.07B | $814.7M | $509.3M | $567.1M | $472.0M | $347.2M | −$381.0M | $174.8M |
| EBITDA | $2.64B | $3.00B | $2.70B | $2.03B | $2.02B | $1.63B | $1.16B | $1.26B | $1.12B | $882.5M | $63.7M | $722.0M |
| EPS (diluted) | $3.05 | $3.40 | $2.70 | $2.16 | $1.94 | $1.53 | $1.26 | $1.14 | $1.07 | $0.76 | $0.57 | $0.44 |
| Gross margin | 62.2% | 66.4% | 61.7% | 58.5% | 58.6% | 52.0% | 49.0% | 45.5% | 44.6% | 37.7% | 33.5% | 28.1% |
| Operating margin | 60.0% | 62.4% | 55.9% | 53.8% | 53.6% | 47.0% | 41.0% | 39.9% | 39.0% | 31.5% | 23.8% | 21.1% |
| Net margin | 42.1% | 41.4% | 42.7% | 34.5% | 38.0% | 33.0% | 22.9% | 26.3% | 22.7% | 19.0% | −21.7% | 10.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AEM's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AEM financial results
In fiscal year 2025 (ended December 31, 2025), Agnico Eagle Mines reported revenue of $11.9 billion, up 43.7% from the year before. It had net income of $4.5 billion (up 135.4%), a net profit margin of 37.5%. Diluted earnings per share came to $8.33. Over five years revenue grew at an average rate of 30.6% a year.
See the AEM stock overview for the latest quote and news, or the AEM chart for price history and technical indicators.
AEM income statement FAQ
What is Agnico Eagle Mines's annual revenue?
Agnico Eagle Mines reported total revenue of $11.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 43.7% from $8.3 billion the previous year.
Is Agnico Eagle Mines profitable?
Yes. Agnico Eagle Mines reported net income of $4.5 billion in fiscal 2025, a net profit margin of 37.5%; its operating margin was 53.1%.
What is Agnico Eagle Mines's gross margin?
Agnico Eagle Mines's gross margin was 58.1% in fiscal 2025: for every $100 of revenue, Agnico Eagle Mines kept $58 after the direct cost of its products and services.
How fast is Agnico Eagle Mines growing?
Revenue grew 30.6% a year on average over the last five fiscal years, from $3.1 billion to $11.9 billion.
What are Agnico Eagle Mines's earnings per share?
Agnico Eagle Mines earned $8.33 per diluted share in fiscal 2025, compared with $4.23 a year earlier.
When will Agnico Eagle Mines report its next earnings?
Agnico Eagle Mines is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Agnico Eagle Mines's fiscal year end?
Agnico Eagle Mines's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.