Statistics · 2026 · Stocks
Financial Stock Statistics (2026)
Financials are 11.4% of the S&P 500 by index weight as of October 1, 2026. The sector's 76 companies hold $8.1 trillion in market value, 11.6% of the 497 companies WealthyBud tracks. The median financial company earns a 13.4% return on equity and trades at 15.3 times earnings, against 24.6 for the index median.
Key takeaways
- Financials carry 11.4% of the S&P 500’s index weight and 11.6% of total market value across 497 companies.
- The sector earns 21.4% of the index’s net income, on 12.8% of its revenue.
- The median financial company returns 13.4% on equity, against 14.9% for the median company in the index.
- The median financial stock trades at 15.3 times earnings, versus 24.6 for the median S&P 500 stock.
- In the Fed’s 2026 stress test, all 32 large banks stayed above their minimum common equity tier 1 requirements under a hypothetical severely adverse scenario, not a forecast.
How big is the financial sector in the S&P 500?
Financials carry an 11.4% weight in the SPDR S&P 500 ETF holdings file for October 1, 2026. The sector’s 76 companies are worth $8.09 trillion in total market value, 11.6% of the 497 companies with fundamentals in WealthyBud’s data. It is one of 11 sectors.
1. Financials are 11.4% of the S&P 500 by index weight
Index weight comes from State Street’s SPY holdings file for October 1, 2026. The 76 companies sum to 11.4%. XLF tracks the same sector (WealthyBud data · October 2, 2026).
2. Financials hold $8.1 trillion, 11.6% of total market value
The 76 companies total $8.09 trillion out of $70.0 trillion. This share differs from the 11.4% index weight because the pools and dates differ: weights cover all 501 constituents as of October 1, 2026, while market-cap share covers 497 companies as of October 2, 2026 (WealthyBud data · October 2, 2026).
3. Financials earn 21.4% of net income on 12.8% of revenue
The 72 sector companies with a usable revenue field reported $2.30 trillion in revenue and $0.48 trillion in net income in their latest fiscal year. The index share uses 490 companies; 7 lack a usable revenue field (see stat 7) (WealthyBud data · October 2, 2026).
Which financial companies are the largest?
Berkshire Hathaway is the largest financial company, worth $1.08T, followed by JPMorgan Chase at $880.6B and Visa at $643.9B. The ten largest hold 58.1% of the sector’s market value. The table shows each one’s revenue, return on equity and P/E.
4. The top three are 32.2% of sector market value
Berkshire Hathaway (BRK.B), JPMorgan Chase (JPM) and Visa (V) carry 3.7% of the S&P 500’s index weight and hold 32.2% of Financials market cap (WealthyBud data · October 2, 2026).
| Company | Market cap | Revenue | Return on equity | P/E |
|---|---|---|---|---|
| Berkshire Hathaway (BRK.B) | $1.08T | $371.4B | 9.3% | 16.0 |
| JPMorgan Chase (JPM) | $880.6B | $182.4B | 15.7% | 15.4 |
| Visa (V) | $643.9B | $40.0B | 52.9% | 32.1 |
| Mastercard (MA) | $485.2B | $32.8B | 193.2% | 32.4 |
| Bank of America (BAC) | $375.2B | $113.1B | 10.1% | 12.3 |
| Morgan Stanley (MS) | $299.9B | $70.6B | 15.1% | 17.6 |
| Goldman Sachs (GS) | $263.0B | $58.3B | 13.7% | 15.3 |
| Wells Fargo (WFC) | $242.9B | $83.7B | 11.7% | 11.4 |
| Citigroup (C) | $224.2B | $85.2B | 6.8% | 15.5 |
| American Express (AXP) | $204.2B | $41.3B | 32.4% | 18.9 |
See fundamentals and Investor Scores for 103 large caps
How profitable are financial companies?
The median financial company earns a 13.4% return on equity, against 14.9% for the median S&P 500 company. Its median net margin is 20.4% across 72 companies, versus 13.1% for the index. 1 of 76 financial companies lost money in their latest fiscal year.
6. Median return on equity: 13.4% for financials, 14.9% for the index
Return on equity is net income divided by year-end shareholders’ equity for each company’s latest fiscal year. The sector median covers 75 companies and the index median covers 466. MSCI is left out because its equity is negative (WealthyBud data · October 2, 2026).
7. Median net margin: 20.4% for financials, 13.1% for the index
Net margin here is GAAP net income, including non-operating items, divided by revenue. It is less meaningful for banks, which have no standard revenue line. HBAN, IBKR, MTB, and WRB are excluded because the revenue field in their SEC data is below net income. It is a narrow contract-revenue tag (RevenueFromContractWithCustomerExcludingAssessedTax for IBKR, MTB and HBAN; RevenueFromContractWithCustomerIncludingAssessedTax for WRB, whose total Revenues tag is $14.7B). Companies with a missing or sub-net-income revenue field are dropped from margin, revenue-total, growth and CAGR figures, leaving 72 sector and 490 index companies (WealthyBud data · October 2, 2026).
8. 1 of 76 financial companies reported a net loss
IVZ had negative GAAP net income in the latest fiscal year, and its operating income was also negative ($0.7B loss, SEC tag OperatingIncomeLoss). All other 75 were profitable (WealthyBud data · October 2, 2026).
Among the 35 financial companies worth at least $50 billion, these five had the highest return on equity:
- Mastercard (MA) earned a 193% return on equity on $15.0B of net income.
- Moody’s (MCO) earned a 59% return on equity on $2.5B of net income.
- Visa (V) earned a 53% return on equity on $20.1B of net income.
- Aon (AON) earned a 40% return on equity on $3.8B of net income.
- Progressive (PGR) earned a 37% return on equity on $11.3B of net income.
Mastercard reported $7.7B of shareholders’ equity against $15.0B of net income.
How expensive are financial stocks?
The median financial stock trades at 15.3 times earnings, 0.62 times the 24.6 median for the S&P 500. 62 of 76 pay a dividend, with a median yield of 1.81% among payers, close to the 1.89% index median. Price-to-earnings divides price by past profit, so it is not a forecast.
9. Median P/E: 15.3 for financials, 24.6 for the index
P/E here is market cap divided by latest-fiscal-year net income, for profitable companies only. The sector median covers 75 companies and the index median covers 471 (WealthyBud data · October 2, 2026).
10. 34 of 75 profitable financials trade below 15 times earnings
That is 45.3% of the sector, against 18.7% of the 471 profitable companies in the index (WealthyBud data · October 2, 2026).
11. 62 of 76 financial companies pay a dividend
Their median yield is 1.81%, against 1.89% among the 355 dividend payers in the index. See dividend stock statistics (WealthyBud data · October 2, 2026).
How fast is financial revenue growing?
The median financial company grew revenue 6.9% in its latest fiscal year, level with the 6.9% index median. Over three years the median compound rate was 8.1% a year, against 5.4% for the index. 9 of 72 companies reported lower revenue.
12. Median revenue growth: 6.9% for financials, 6.9% for the index
Fiscal years end at different times, so the latest year is 2025 and 2026 depending on the company. 9 of the 72 companies with a usable revenue field reported lower revenue (WealthyBud data · October 2, 2026).
13. Three-year revenue CAGR: 8.1% for financials, 5.4% for the index
The compound annual growth rate smooths one-year swings. The medians cover 72 sector and 487 index companies. For the rate backdrop, see interest rates and stocks (WealthyBud data · October 2, 2026).
How do banks, insurers and payment firms compare?
WealthyBud groups the 76 financials by SEC SIC code: 17 banks, 24 insurers and insurance brokers, and 35 others. The lowest median return on equity is in banks, at 10.6%. The highest is in other financials, at 16.3%. The highest median P/E, 21.7, is in other financials.
14. Banks: 17 companies, 30.1% of sector market value, 10.6% median ROE
Banks are SIC 6021 (national commercial banks) and 6022 (state commercial banks). 15 of 17 pay a dividend, with a median yield of 2.68%. The largest is JPMorgan Chase (JPM). The 17 banks earned $169 billion combined in the latest fiscal year (WealthyBud data · October 2, 2026).
15. Insurers and brokers: 24 companies, 26.1% of sector market value, 15.0% median ROE
This group covers insurers and insurance brokers (SIC 6311 through 6411). The median P/E is 13.5, and median revenue growth is 6.5%, against 6.3% for banks (WealthyBud data · October 2, 2026).
16. Other financials: 35 companies, 43.8% of sector market value, 16.3% median ROE
This residual group has 8 companies in SIC 7389 (business services, home to the card networks and payment processors), 7 securities brokers and dealers, 8 asset managers, 4 exchanges and others; the largest is Visa (V) (WealthyBud data · October 2, 2026).
| Sub-group | Companies | Index weight | Market cap | Median ROE | Median P/E | Median yield (payers) |
|---|---|---|---|---|---|---|
| Banks (SIC 6021, 6022) | 17 | 3.6% | $2.44T | 10.6% | 13.9 | 2.68% |
| Insurers and brokers (SIC 6311–6411) | 24 | 2.9% | $2.11T | 15.0% | 13.5 | 2.01% |
| Other financials (all other SIC codes) | 35 | 4.9% | $3.54T | 16.3% | 21.7 | 1.30% |
17. FDIC: insured institutions earned $90.1 billion in the second quarter of 2026
The FDIC reported that 4,238 insured commercial banks and savings institutions had a return on assets of 1.37 percent and aggregate net income of $90.1 billion, per its Quarterly Banking Profile release of August 25, 2026. That covers all FDIC-insured institutions, not only the 17 banks above, for one quarter.
18. Fed stress test: all 32 large banks stayed above their minimum capital requirements
The Federal Reserve Board’s 2026 stress test release of June 24, 2026 covers 32 large banks and says: “All 32 banks tested remained above their minimum common equity tier 1 capital requirements during this year’s hypothetical recession scenario.” It is a hypothetical severely adverse scenario, not a forecast: unemployment peaks at 10 percent and commercial real estate prices fall 39 percent.
19. Fed stress test: more than $708 billion of losses cut capital by 1.6 points
The Board said the banks absorbed “more than $708 billion in total losses under this year’s hypothetical scenario” and that capital “declined only 1.6 percentage points in aggregate.”
What this means for investors
You already own a large financial slice. Financials are 11.4% of the S&P 500, so a fund that tracks the index, such as SPY, holds them without any extra buying. See the financial ETF statistics for fund-level fees and returns.
Value metrics differ by industry. A median P/E of 15.3 blends banks at 13.9, insurers at 13.5 and other financials at 21.7. Compare banks with banks.
More Stocks statistics
Financial ETF Statistics (2026)
Financial sector ETFs compared — XLF, VFH, KRE, KBE and IAI fees, total returns, yields and drawdowns.
View ResearchDividend Stock Statistics (2026)
How many large-cap U.S. stocks pay a dividend, and which yield the most, from SEC-filed fundamentals.
View ResearchInterest Rates and Stocks Statistics (2026)
How Treasury yields and the federal funds rate line up with stock valuations and returns, from Federal Reserve data.
View HubStock Fundamentals & Investor Scores
103 large-cap companies ranked by SEC-filed fundamentals.
View