S&P 500 earnings: $2.37T trailing 12 months · +20.4% YoY
The S&P 500 companies we track earned $2.37T of net income over the trailing twelve months (487 members, summed from their SEC filings, as of market close, Jul 22, 2026) — +20.4% versus the same companies a year earlier, on aggregate revenue of about $17.79T. These are as-filed dollars, not estimates.
- Net income (TTM)
- $2.37T
- YoY growth
- +20.4%
- Revenue (TTM)
- $17.79T
- Trailing P/E
- 27.5
The last 10 fiscal years, from SEC filings
Today's members' combined results by fiscal year — actual filed dollars, so the COVID dip and the rebound are the real thing, not revisions.
| Fiscal year | Net income | Growth | Revenue | Net margin | Companies |
|---|---|---|---|---|---|
| FY2025 | $2.08T | +12.5% | $16.78T | 12.4% | 481 |
| FY2024 | $1.85T | +6.6% | $15.72T | 11.8% | 481 |
| FY2023 | $1.74T | +9.0% | $15.06T | 11.5% | 484 |
| FY2022 | $1.59T | -7.3% | $14.54T | 11.0% | 483 |
| FY2021 | $1.72T | +111.2% | $12.91T | 13.3% | 474 |
| FY2020 | $814B | -32.8% | $10.78T | 7.6% | 463 |
| FY2019 | $1.21T | +13.0% | $11.17T | 10.8% | 461 |
| FY2018 | $1.07T | +9.1% | $10.68T | 10.0% | 457 |
| FY2017 | $984B | +17.4% | $10.02T | 9.8% | 453 |
| FY2016 | $837B | — | $8.89T | 9.4% | 440 |
Current members summed by fiscal year (calendar year of each company's fiscal year-end), as filed with the SEC. Earlier years include fewer companies (recent IPOs have no FY2016 filing) — the Companies column shows the changing coverage; growth compares the totals as shown. Revenue excludes most financials (no clean revenue line, by design).
Index earnings per share since 1871 (log scale)
- 10-yr EPS CAGR
- 7.1%/yr
- 20-yr EPS CAGR
- 8.6%/yr
- 50-yr EPS CAGR
- 6.7%/yr
- 100-yr EPS CAGR
- 5.5%/yr
Trailing 12-month as-reported EPS, nominal, monthly (Shiller data, through Jun 2023). The straight-line march on a log scale — punctuated by 1921, 1932, 2008 — is the compounding engine behind the index's returns.
FAQ
- How much do S&P 500 companies earn?
- Aggregate trailing-twelve-month net income across the members we track is about $2.37T (487 companies, from their SEC filings), +20.4% versus the same companies a year earlier. Aggregate TTM revenue is about $17.79T.
- How fast do S&P 500 earnings grow?
- Index earnings per share have compounded at 7.1%/yr over the last 10 years, 8.6%/yr over the last 20 years, 6.7%/yr over the last 50 years, 5.5%/yr over the last 100 years (nominal, through Jun 2023). Over the very long run, nominal EPS growth has averaged roughly 4–5% a year — about GDP growth plus inflation — though with deep cyclical swings.
- Where do these numbers come from?
- Current aggregates are summed from each member's trailing-twelve-month net income exactly as filed with the SEC (our EDGAR pipeline), weighted by nothing — it's a plain sum, so it's the actual dollars earned. Growth compares the same member set year over year, so index membership changes don't distort it. The long-run EPS chart is Robert Shiller's series.
Notes & related
Aggregates sum each tracked member's TTM net income / revenue from our SEC EDGAR pipeline (a few members lack a clean revenue line by design — mostly financials). YoY growth is computed on a matched set: only members with a filed TTM window both now and a year ago, so membership churn doesn't pollute the rate. See who earns the most on the most profitable companies list, what you pay for those earnings at the index P/E, or each company's own statements via its Financials tab. Not investment advice.
ChartRow is not affiliated with, sponsored by, or endorsed by S&P Dow Jones Indices LLC, S&P Global, or Nasdaq, Inc. "S&P 500®" and "Dow Jones®" are registered trademarks of S&P Dow Jones Indices LLC; "Nasdaq-100®" is a registered trademark of Nasdaq, Inc. They are used here only to identify the indexes discussed. All index-related figures on this page are independently derived from public sources — SEC filings, Robert Shiller's public dataset, and our own computations — not from any index provider's data feed.