FactSet Blog S&P 500 Earnings Season Update: April 17, 2025

At this early stage, the first quarter earnings season for the S&P 500 is off to a weaker start than average compared to expectations. Both the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises are below recent averages. As a result, the index is reporting higher earnings for the first quarter today relative to the end of last week, but flat earnings relative to the end of the quarter. However, the index is reporting year-over-year earnings growth for the seventh consecutive quarter.