Statistics · 2026 · Stocks
Magnificent Seven Statistics (2026)
The Magnificent Seven — Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta, and Tesla — carry 34.5% of the S&P 500 by index weight as of October 1, 2026. Seven of the index’s 501 companies hold that share, and all of its 5 largest names belong to the group. They earn 29.1% of the index’s net income on 13.2% of its revenue.
Key takeaways
- The seven hold 34.5% of S&P 500 index weight as of October 1, 2026, and 7 of its 10 largest weights are theirs.
- They earn 29.1% of the index’s net income on 13.2% of its revenue, so their profit share is 2.2 times their revenue share.
- Their median net margin is 30.1%, against 12.9% for the other 485 companies with usable revenue data.
- Their median P/E is 34.8, against 25.1 for the other 454 profitable companies.
- Their latest 10-Ks show about $436 billion of combined capital spending, WealthyBud’s sum of seven different cash-flow line items.
How much of the S&P 500 do the Magnificent Seven make up?
The Magnificent Seven hold 34.5% of the S&P 500 by index weight, from State Street’s SPDR S&P 500 ETF holdings file for October 1, 2026. That is seven of 501 companies. Nvidia is the largest at 8.45% and Tesla the smallest at 1.51%.
1. The seven hold 34.5% of the S&P 500 by index weight
“Magnificent Seven” is a label from common market usage, not an index or a fund. This page defines it as NVDA, AAPL, GOOGL, MSFT, AMZN, META, and TSLA, with Alphabet’s Class A and Class C shares merged. The seven sum to 34.54% (WealthyBud data · SPY holdings file, 7 companies · October 2, 2026).
2. 7 of the 10 largest index weights belong to the group, including all of the top 5
The 10 largest weights add up to 40.4%. The other 3 are AVGO (2.47%), MU (1.88%), and AMD (1.52%) (WealthyBud data · SPY holdings file, 501 constituents · October 2, 2026).
3. They hold 35.1% of total market value across 497 companies
Combined market cap is $24.6 trillion out of $70.0 trillion. This differs from the 34.5% index weight because the pools and dates differ: weights cover all 501 constituents as of October 1, 2026, market-cap shares cover 497 companies as of October 2, 2026 (WealthyBud data · market cap, all share classes, 497 companies · October 2, 2026).
| Company | Index weight | Market cap | Revenue | Net margin | P/E | Revenue growth |
|---|---|---|---|---|---|---|
| Nvidia (NVDA) | 8.45% | $5.66T | $215.9B | 55.6% | 47.1 | 65.5% |
| Apple (AAPL) | 7.30% | $4.86T | $416.2B | 26.9% | 43.4 | 6.4% |
| Alphabet (GOOGL) | 5.41% | $4.20T | $402.8B | 32.8% | 31.8 | 15.1% |
| Microsoft (MSFT) | 5.76% | $3.82T | $331.8B | 40.3% | 28.6 | 17.8% |
| Amazon (AMZN) | 3.69% | $2.71T | $716.9B | 10.8% | 34.8 | 12.4% |
| Meta (META) | 2.42% | $1.86T | $201.0B | 30.1% | 30.7 | 22.2% |
| Tesla (TSLA) | 1.51% | $1.47T | $94.8B | 4.0% | 386.8 | -2.9% |
Our concentration article uses the same SPY index weights as of October 1, 2026.
How much revenue and profit do they generate?
The seven reported $2.38 trillion in revenue and $0.64 trillion in net income in their latest fiscal years. That is 13.2% of index revenue and 29.1% of index net income, measured on companies with usable revenue data. Microsoft earned the most, at $133.7B.
4. Revenue: $2.38 trillion, 13.2% of the index
Amazon had the most revenue at $716.9B, and Tesla the least at $94.8B. The index total covers 492 companies; 5 (CHTR, CPT, HBAN, MTB, and WRB) are excluded because their revenue field is below net income, a sign of a narrow revenue tag (WealthyBud data · latest-fiscal-year revenue, SEC filings, 492 companies · October 2, 2026).
5. Net income: $0.64 trillion, 29.1% of the index
WealthyBud’s calculation shows the group’s profit share is 2.2 times its revenue share. Net income is attributable to the parent. Microsoft (MSFT) earned $133.7B, Tesla (TSLA) $3.8B (WealthyBud data · latest-fiscal-year net income, 492 companies · October 2, 2026).
6. Amazon reported $131,819 million in capital spending; Microsoft reported $115,948 million
Amazon’s 10-K for fiscal 2025 shows “Purchases of property and equipment” of $131,819 million, up from $82,999 million. Microsoft’s 10-K for fiscal 2026 shows “Additions to property and equipment” of $115,948 million, up from $64,551 million. Alphabet ($91,447 million) and Meta ($69,691 million) follow.
7. Combined capital spending: about $436 billion (sum of seven different line items), 6 of 7 companies up on the prior year
WealthyBud’s sum of the seven line items is about $436 billion, against about $261 billion a year earlier (67% change). Meta rose the most (87.1%); Tesla fell (-24.8%). Line items differ in finance leases, intangibles and sale proceeds, so the sum is approximate, and fiscal years end in different months (WealthyBud data · sum of seven 10-K line items · October 2, 2026).
8. Summed capital spending is 18.3% of the group’s revenue; Microsoft is highest at 34.9%
WealthyBud’s calculation divides each 10-K line item by latest fiscal-year revenue. Nvidia is lowest at 2.8%. Combined, it equals 68.2% of the group’s net income (WealthyBud data · 10-K capex over SEC revenue and net income, 7 companies · October 2, 2026).
| Company | Fiscal year | Cash-flow line item (10-K) | Amount ($M) | Change vs prior year | Share of revenue |
|---|---|---|---|---|---|
| Amazon (AMZN) | FY2025 (ended December 31, 2025) | Purchases of property and equipment | 131,819 | 58.8% | 18.4% |
| Microsoft (MSFT) | FY2026 (ended June 30, 2026) | Additions to property and equipment | 115,948 | 79.6% | 34.9% |
| Alphabet (GOOGL) | FY2025 (ended December 31, 2025) | Purchases of property and equipment | 91,447 | 74.1% | 22.7% |
| Meta (META) | FY2025 (ended December 31, 2025) | Purchases of property and equipment | 69,691 | 87.1% | 34.7% |
| Apple (AAPL) | FY2025 (ended September 27, 2025) | Payments for acquisition of property, plant and equipment | 12,715 | 34.6% | 3.1% |
| Tesla (TSLA) | FY2025 (ended December 31, 2025) | Purchases of property and equipment excluding finance leases, net of sales | 8,527 | -24.8% | 9.0% |
| Nvidia (NVDA) | FY2026 (ended January 25, 2026) | Purchases related to property and equipment and intangible assets | 6,042 | 86.7% | 2.8% |
See fundamentals and Investor Scores for 103 large caps
How profitable are the Magnificent Seven?
The median Magnificent Seven company keeps 30.1% of revenue as net income, against 12.9% for the median of the other 485 companies. Nvidia has the highest net margin at 55.6% and Tesla the lowest at 4.0%. All seven were profitable.
9. Median net margin: 30.1% for the seven, 12.9% for the rest
Net margin is GAAP net income divided by revenue, so it includes non-operating gains and losses. 5 of the seven beat the rest-of-index median (WealthyBud data · median net margin; rest n=485 · October 2, 2026).
10. Alphabet’s net income is above its operating income
Alphabet (GOOGL) reported net income of $132.2B and operating income of $129.0B. Its 10-K shows other income, net of $29,787 million in 2025 and says it “increased $22.4 billion from 2024 to 2025, primarily due to increases in net unrealized gains on equity securities resulting from fair value adjustments on non-marketable equity securities.” (WealthyBud data · net income vs operating income · October 2, 2026).
By GAAP net margin, the seven rank as follows (median operating margin: 32.0% for the seven, 18.0% for 375 other companies that report it):
- Nvidia (NVDA) earned a 55.6% net margin and a 60.4% operating margin.
- Microsoft (MSFT) earned a 40.3% net margin and a 46.8% operating margin.
- Alphabet (GOOGL) earned a 32.8% net margin and a 32.0% operating margin.
- Meta (META) earned a 30.1% net margin and a 41.4% operating margin.
- Apple (AAPL) earned a 26.9% net margin and a 32.0% operating margin.
- Amazon (AMZN) earned a 10.8% net margin and a 11.2% operating margin.
- Tesla (TSLA) earned a 4.0% net margin and a 4.6% operating margin.
How expensive are the Magnificent Seven?
The median Magnificent Seven stock trades at 34.8 times earnings, against 25.1 for the median of the other 454 profitable S&P 500 companies. The range runs from 28.6 for Microsoft to 386.8 for Tesla. All seven sit above the rest-of-index median.
11. Median P/E: 34.8 for the seven, 25.1 for the rest
P/E is market cap divided by latest-fiscal-year net income, for profitable companies only. Of the 490 other companies, 27 reported a net loss and 9 profitable ones (APTV, BDX, CMCSA, CTVA, FDX, FTV, HON, LEN, and SPGI) have a P/E withheld because their fundamentals predate a spin-off, leaving 454. The median for all 461 index companies with a P/E is 25.2 (WealthyBud data · median P/E · October 2, 2026).
12. Combined P/E: 38.4 for the seven, 27.2 for the rest
WealthyBud’s calculation divides total market cap by total net income for each group, over companies with a P/E. All seven trade above the rest-of-index median. Tesla (TSLA) at 386.8 has net income of only $3.8B on $94.8B of revenue (WealthyBud data · market cap over net income · October 2, 2026).
How fast are they growing?
The median Magnificent Seven company grew revenue 15.1% in its latest fiscal year, against 6.9% for the median of the other 481 companies. Nvidia grew fastest at 65%, and 1 reported lower revenue. Growth compares each company’s own latest fiscal year with the year before.
13. Median revenue growth: 15.1% for the seven, 6.9% for the rest
Nvidia 65.5%, Meta 22.2%, Microsoft 17.8%, Alphabet 15.1%, Amazon 12.4%, Apple 6.4%, and Tesla -2.9%. Fiscal years end in January for Nvidia, June for Microsoft and September for Apple (WealthyBud data · 1-yr revenue growth; rest n=481 · October 2, 2026).
14. Combined revenue grew 15.9%; combined net income grew 28.7%
WealthyBud’s calculation compares summed latest-fiscal-year figures with summed prior-year figures (7 companies). For the others with both years, revenue grew 6.7% (n=481) and net income 2.7% (n=458). 5 of the seven grew revenue faster than the rest-of-index median (WealthyBud data · summed fiscal-year figures · October 2, 2026).
How do they compare with the other 490 stocks?
The seven hold 35.1% of market value but 29.1% of net income. Against the other 490 companies, they show a higher median net margin (30.1% vs 12.9%) and a median P/E of 34.8 vs 25.1. The comparison pool excludes the seven.
15. The seven are 35.1% of market cap, 13.2% of revenue and 29.1% of net income
Market-cap shares use 497 companies; revenue and net-income shares use the 492 with usable revenue. The comparison group is the other 490 (485 with usable revenue) (WealthyBud data · shares of index totals · October 2, 2026).
What this means for investors
An S&P 500 fund already holds the group. A fund that tracks the index, such as SPY, puts about 35% of its assets in these seven companies.
Weight and profit share differ. The group earns 29.1% of index net income, and its median P/E of 34.8 is above the rest-of-index median. See tech stock statistics for the sectors behind most of the group.
The group is not uniform. Net margins range from 4.0% to 55.6% and P/E ratios from 28.6 to 386.8. Our stocks hub shows each company’s fundamentals.
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