S&P 500 Earnings Season Shows Fifth Quarter of Double-Digit Growth

The latest S&P 500 earnings season reflects continued momentum, with most companies having reported their fourth-quarter results by mid-February 2026. This period is notable for marking a fifth consecutive quarter of double-digit year-over-year earnings growth.

As of February 13, 2026, approximately three-quarters of S&P 500 companies had released their earnings for the fourth quarter of 2025. The blended earnings growth rate, which includes both reported outcomes and analyst projections, stood at 13.2% for the quarter.

Analyst expectations entering the reporting period indicated an anticipated 8.3% increase in earnings per share compared to the previous year. Actual reported results as of February 12, 2026, showed an average profit rise of 8.4% among S&P 500 companies.

The Q4 2025 blended earnings growth rate was reported at 13.0% in early February, according to FactSet data, confirming the trend of sustained double-digit growth for five consecutive quarters. Companies that did not meet earnings estimates experienced a stock price decline of around 2%, which is less than the historical average decrease of 2.8% for such situations.

What the numbers show

• 74% of S&P 500 companies had reported Q4 results by February 13, 2026
• Blended Q4 2025 earnings growth rate reached 13.2%
• S&P 500 companies reported an average profit increase of 8.4% for Q4 2025
• Analysts expected an 8.3% year-over-year earnings per share increase
• Stock prices fell about 2% for companies missing estimates, below the 2.8% average

During this earnings season, companies exceeding expectations have been rewarded at rates consistent with historical averages. The week of February 16, 2026, features additional reports from major firms, including Booking Holdings, Analog Devices, and Deere & Co.

Walmart is scheduled to announce its fourth-quarter earnings before the market opens on Thursday of that week. The company’s earnings release and live conference call are set for February 19, 2026, with materials available at 6 a.m. CT and the call starting at 7 a.m. CT.

DoorDash and eBay are also scheduled to report their fourth-quarter results on Wednesday of the same week. This period is further marked by Walmart’s recent entry into the trillion-dollar market-cap group and its first earnings report under CEO John Furner.

U.S. financial markets will be closed on February 16, 2026, in observance of Presidents’ Day, though some companies may still proceed with their scheduled earnings announcements.

* This article is based on publicly available information at the time of writing.