Companies from the S&P 500 index are reporting impressive results. “Both the percentage of S&P 500 companies that announced positive earnings surprises and the scale of these surprises exceed recent averages. As a result, the index reports higher first-quarter earnings today compared to the end of last week and compared to the end of the quarter,” FactSet reports.
Indicates that earnings growth rate is at its highest level since the fourth quarter of 2021.
Financial results of companies from the S&P 500 index
Overall 89 percent companies from the S&P 500 index published results for the first quarter of 2026. Of these companies, 84 percent had earnings per share above forecasts, which is above the average over the last 5 years of 78%. and above the average of the last 10 years of 76%.
FactSet calculates that in total companies record profits by 18.2%. higher than forecastwhich also exceeds the average of the last 5 years of 7.3%. and the average over the last 10 years of 7.1 percent.
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Total profit growth rate (combining the actual results of companies that have published results and the estimated results of companies that have not yet done so) for the first quarter is 27.7 percent.
Only one major sector in the US is seeing declining profits
Ten out of eleven sectors report year-on-year profit growth. Seven of these 10 sectors are showing double-digit earnings growth, led by information technology, communications services, raw materials and consumer goods. On the other hand, the healthcare sector is the only sector to see a year-over-year decline in profits.
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Eleven S&P 500 companies are scheduled to report first-quarter results in the coming week.
