S&P 500 earnings 1Q season (as of early May 2026, with ~63% of companies reporting):
Key Highlights
• Beat Rate: 84% of reporting companies beat EPS estimates (above 5-year avg. of 78% and 10-year avg. of 76%).
• Revenue Beat Rate: 81% beat revenue estimates (above 5-year avg. of 70% and 10-year avg. of 67%).
• Magnitude of Surprise: Companies reporting earnings ~20.7% above estimates (well above historical averages of ~7%).
• Blended YoY Earnings Growth: 27.1% (up sharply from ~13.1% at end of March; on track for the highest since Q4 2021).
• Profit Margins: Blended net profit margin at 13.4% — potentially the highest in over 15 years.
This marks the 6th consecutive quarter of double-digit earnings growth for the S&P 500.
ℹ️ Fortune and FactSet
Exciting times to be investors!!!
Highlights So Far....
