Statistics · 2026 · Stocks
Earnings Growth Statistics (2026)
Across 478 S&P 500 companies with two comparable fiscal years, aggregate revenue grew 8.0% and net income grew 14.6%. The median company grew revenue 6.9% and diluted EPS 7.2%. WealthyBud's calculation from multpl data puts ten-year growth in trailing-12-month S&P 500 EPS at 13.0% a year in nominal dollars through June 2026.
Key takeaways
- Same-company revenue grew 8.0% and net income grew 14.6% in the latest fiscal year, across 478 companies.
- The median company grew revenue 6.9% and diluted EPS 7.2%; the EPS median covers 439 companies with a positive prior-year base.
- 408 of 478 companies grew revenue and 297 grew net income; 278 did both.
- Information Technology had the highest median revenue growth at 13.7%, and Energy the lowest at 1.8%.
- Real trailing-12-month S&P 500 EPS stood at $295.36 in June 2026, in July 2026 dollars.
- FRED’s after-tax corporate profits measure reached $4,279.9 billion in Q2 2026, 26.6% above a year earlier.
How fast are S&P 500 revenues growing?
Revenue for 478 S&P 500 companies grew 8.0% in their latest fiscal year, from $16.32 trillion to $17.62 trillion. The median company grew 6.9%, and the median three-year compound rate was 5.6% a year. Each company is compared with its own prior fiscal year.
1. Same-company revenue grew 8.0%, to $17.62 trillion
The sample is the 478 companies with revenue and net income reported for both of their last two fiscal years. WealthyBud excluded 10 spin-off records (listed below), 4 companies lacking one of those years, and 5 whose revenue tag is smaller than net income (CHTR, CPT, HBAN, MTB, and WRB). Latest fiscal years differ: 72 with fiscal 2026, 405 with fiscal 2025, and 1 with fiscal 2024 (WealthyBud data · October 2, 2026 · SEC filings, same-company sum).
2. The median company grew revenue 6.9%
The median covers 483 companies after dropping 10 spin-off cases. The median sits below the 8.0% aggregate, which weights large companies more (WealthyBud data · October 2, 2026 · median 1-year revenue growth).
3. Median three-year revenue growth: 5.6% a year
The three-year compound rate runs from fiscal 2022 to fiscal 2025 for most companies. The median covers the 484 companies with positive revenue in both years (WealthyBud data · October 2, 2026 · median 3-year revenue CAGR).
Exclusion rule: Aptiv (APTV), Becton, Dickinson and Company (BDX), Comcast (CMCSA), Corteva (CTVA), Dupont De Nemours (DD), Fedex (FDX), Fortive (FTV), Honeywell International (HON), Lennar (LEN), and S&P Global (SPGI) carry a pre-spin-off flag: a spin-off took place after the start of their latest fiscal year, so that year’s results still include the business that left. Spin-offs completed after a fiscal year ended do not trigger the flag.
How fast are S&P 500 earnings growing?
Net income for 478 S&P 500 companies grew 14.6% in the latest fiscal year, 1.8 times the 8.0% revenue growth. The median company grew diluted EPS 7.2%. FactSet, an industry data provider, put blended (actual plus estimated) S&P 500 earnings growth for the second quarter of 2026 at 52.0%, a different measure.
4. Same-company net income grew 14.6%, to $2.15 trillion
Net income is the amount attributable to the parent company, as reported and including any discontinued operations, in both years, so the comparison is on one basis. 38 of the 478 companies report discontinued operations; other pages use continuing-operations income for their margins. The total rose from $1.88 trillion across the same 478 companies (WealthyBud data · October 2, 2026 · SEC filings, same-company sum).
5. Three companies added 40% of the net income increase
Nvidia (NVDA), Alphabet (GOOGL), and Microsoft (MSFT) raised net income by $111.2B combined, out of a total increase of $275.1B. The total is net of companies whose income fell (WealthyBud data · October 2, 2026 · latest vs prior fiscal-year net income).
6. The median company grew diluted EPS 7.2%
EPS growth is the latest fiscal-year diluted EPS divided by the prior year’s, minus one. Growth from a zero or negative base has no meaningful sign, so WealthyBud excluded 28 companies with a prior-year EPS at or below zero and 20 with no EPS growth value. The median covers 439 companies, and 281 of them grew EPS (WealthyBud data · October 2, 2026 · median EPS growth).
7. FactSet: blended Q2 2026 S&P 500 earnings growth was 52.0%
Its Earnings Insight of August 28, 2026 (industry data) says “For Q2 2026, the blended (year-over-year) earnings growth rate for the S&P 500 is 52.0%,” with 97% of companies reporting. “Blended” combines actual and estimated results. It is a quarterly rate by FactSet’s method, not comparable with the fiscal-year figures above.
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Which sectors are growing fastest?
Information Technology had the highest median revenue growth of the 11 sectors at 13.7%, and Energy had the lowest at 1.8%. Information Technology posted the highest median EPS growth at 19.0%. Sector medians use each company’s own latest fiscal year.
8. Information Technology leads sector revenue growth at 13.7%
Information Technology has 74 companies in the pool; Energy has 20 and the lowest median at 1.8%. The gap is 11.9 percentage points (WealthyBud data · October 2, 2026 · median 1-year revenue growth by sector).
9. Information Technology leads sector EPS growth at 19.0%
Energy has the lowest median at -8.6%, from 14 to 72 companies per sector (WealthyBud data · October 2, 2026 · median diluted EPS growth by sector).
| Sector | Companies | Median revenue growth | Median EPS growth | Share growing revenue |
|---|---|---|---|---|
| Information Technology | 74 | 13.7% | 19.0% (n=67) | 93% |
| Utilities | 31 | 9.6% | 4.7% (n=30) | 97% |
| Health Care | 59 | 7.1% | 7.2% (n=53) | 88% |
| Financials | 75 | 6.9% | 13.9% (n=67) | 88% |
| Communication Services | 19 | 6.8% | 2.1% (n=14) | 74% |
| Consumer Discretionary | 45 | 5.4% | 1.9% (n=44) | 89% |
| Real Estate | 29 | 5.4% | 13.0% (n=26) | 90% |
| Industrials | 78 | 4.6% | 6.4% (n=72) | 78% |
| Materials | 24 | 4.4% | -2.0% (n=22) | 79% |
| Consumer Staples | 33 | 2.1% | -8.2% (n=27) | 76% |
| Energy | 20 | 1.8% | -8.6% (n=17) | 50% |
Information Technology led on both revenue (13.7%) and EPS (19.0%). Among companies with at least $10 billion in revenue, the fastest revenue growers in the same-company pool were:
- Expand Energy (EXE) grew revenue 186.3% to $12.1B in fiscal 2025.
- Sandisk (SNDK) grew revenue 175.3% to $20.2B in fiscal 2026.
- BlackRock (BLK) grew revenue 89.3% to $24.2B in fiscal 2025.
- Super Micro Computer (SMCI) grew revenue 77.8% to $39.1B in fiscal 2026.
- Nvidia (NVDA) grew revenue 65.5% to $215.9B in fiscal 2026.
Reported growth includes acquisitions, which the data does not separate.
How many companies grew revenue and profit?
408 of 478 S&P 500 companies (85%) grew revenue in their latest fiscal year, and 297 (62%) grew net income. 278 companies, or 58%, grew both. 26 reported a net loss in their latest fiscal year. Each company is compared with its own prior fiscal year.
10. 408 of 478 companies grew revenue
That is 85% of the same-company pool; 70 reported flat or lower revenue. “Grew” means the latest fiscal year exceeded the prior one (WealthyBud data · October 2, 2026 · revenue, two fiscal years).
11. 297 of 478 companies grew net income
That is 62%. (WealthyBud data · October 2, 2026 · net income attributable to parent, two fiscal years).
12. 26 companies lost money in the latest fiscal year
11 also lost money the year before, and 15 turned from a profit or zero to a loss. (WealthyBud data · October 2, 2026 · net income < 0).
The four combinations of revenue and net income change split the 478 companies as follows:
- 278 companies grew both revenue and net income.
- 130 companies grew revenue while net income fell or stayed flat.
- 19 companies grew net income while revenue fell or stayed flat.
- 51 companies saw neither measure grow.
How have S&P 500 earnings grown over the long run?
Trailing-12-month S&P 500 earnings per share were $295.36 in June 2026, in July 2026 dollars, per multpl. WealthyBud's calculation puts the ten-year compound growth at 9.4% a year in real terms and 13.0% in nominal terms. multpl builds the series on Robert Shiller’s data.
13. S&P 500 trailing EPS: $295.36 in June 2026, 28.2% above a year earlier
multpl states: “12-month real earnings per share — inflation adjusted, constant July, 2026 dollars,” and labels the latest value “Reported Jun 2026.” multpl’s real series is at its highest in June 2026; it starts in 1871. This is index-level earnings per share, not the sum of the constituents’ net income used earlier, so growth rates differ by design. WealthyBud converted it to nominal dollars with multpl’s CPI series: $295.39, 32.7% above June 2025. (multpl.com, industry data.)
14. Ten-year compound growth: 13.0% nominal, 9.4% real
From $86.92 nominal ($120.42 real) in June 2016 to $295.39 ($295.36 real) in June 2026. The rate is WealthyBud’s calculation from multpl data (WealthyBud data · October 2, 2026 · multpl trailing EPS, 10 years).
| Month | Real EPS (July 2026 dollars) | Nominal EPS | Real change per year vs. prior row |
|---|---|---|---|
| June 2006 | $122.59 | $74.49 | — |
| June 2011 | $124.07 | $83.87 | 0.2% |
| June 2016 | $120.42 | $86.92 | -0.6% |
| June 2021 | $195.12 | $158.76 | 10.1% |
| June 2026 | $295.36 | $295.39 | 8.6% |
How are U.S. corporate profits trending?
U.S. corporate profits after tax (without inventory valuation and capital consumption adjustments) ran at $4,279.9 billion in Q2 2026, a seasonally adjusted annual rate, 26.6% above Q2 2025. That is the highest quarter on record. FRED publishes the series from Bureau of Economic Analysis data.
15. After-tax corporate profits: $4,279.9 billion in Q2 2026
FRED series CP is titled “Corporate Profits After Tax (without IVA and CCAdj),” in “Billions of Dollars, Seasonally Adjusted Annual Rate,” last updated Sep 30, 2026 (FRED). It was 8.4% above Q1 2026.
16. Year over year: 26.6%; Q2 2026 is the record high
Q2 2025 was $3,380.4 billion. The series has exceeded its year-earlier level for 4 straight quarters, counted by WealthyBud from FRED data (WealthyBud data · October 2, 2026 · FRED CP).
17. BEA: profits from current production increased $384.0 billion in Q2 2026
In its September 30, 2026 third-estimate release, the Bureau of Economic Analysis says: “Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $384.0 billion in the second quarter, revised down $16.9 billion.” (BEA release.) FRED’s series omits those adjustments, so levels differ.
What this means for investors
Profit growth outpaced sales growth. Same-company net income rose 14.6% against 8.0% for revenue, but 40% of the dollar increase came from three companies. The median company grew EPS 7.2%. See the stock market statistics and Shiller CAPE statistics for valuation context, and largest companies statistics for concentration.
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