The Filings Report

Revenue and earnings growth

In Q2 2026, the 497 covered companies that reported the quarter took in +16.9% more revenue than in the same quarter a year earlier, summed over the matched pairs, and the median company grew +11.6%; 93% of them grew at all. Net income was +54.3% on the year, +19.8% at the median company.

Calendar quarters since 2009. Each company is compared with its own quarter a year earlier, so a merger shows as growth and a spin-off as a decline. Q2 2026 is the latest complete quarter; Q3 2026 is still being reported, 234 companies so far, and is drawn hollow. Earnings growth is withheld when the year-ago sum was a loss, and its chart leaves a gap beyond ±100%. S&P 500 (SPY) runs in grey on the right-hand axis of every chart.

The market

Revenue growth · year over year, percent

All companies as oneMedian companyS&P 500 (SPY), right axisQ2 2026: market +16.9% · median company +11.6% · median +5.8% since 2009
-20%-10%0%10%20%30%All companies as one: 15.3%, Q3 2026 (still being reported)15.3%Median company: 9.64%, Q3 2026 (still being reported)9.64%81S&P 500 (SPY): 762.63 on 2026-11-02763S&P 500 (SPY), daily close, right-hand axismedian +5.8% since 2009All companies as oneQ3 2026 (still being reported): All companies as one 15.3%Median companyQ3 2026 (still being reported): Median company 9.64%Q2 2009: All companies as one -12.9%, Median company -9.01%Q3 2009: All companies as one -7.29%, Median company -5.57%Q4 2009: All companies as one 5.83%, Median company 4.21%Q1 2010: All companies as one 11.0%, Median company 8.61%Q2 2010: All companies as one 10.7%, Median company 10.2%Q3 2010: All companies as one 8.9%, Median company 11.0%Q4 2010: All companies as one 8.79%, Median company 10.5%Q1 2011: All companies as one 9.86%, Median company 12.2%Q2 2011: All companies as one 11.6%, Median company 11.7%Q3 2011: All companies as one 12.5%, Median company 11.2%Q4 2011: All companies as one 8.62%, Median company 7.84%Q1 2012: All companies as one 6.7%, Median company 6.65%Q2 2012: All companies as one 2.32%, Median company 4.18%Q3 2012: All companies as one -0.43%, Median company 2.72%Q4 2012: All companies as one 5.25%, Median company 4.93%Q1 2013: All companies as one 2.05%, Median company 4.15%Q2 2013: All companies as one 3.52%, Median company 5.84%Q3 2013: All companies as one 4.89%, Median company 5.71%Q4 2013: All companies as one 2.62%, Median company 6.34%Q1 2014: All companies as one 4.42%, Median company 6.58%Q2 2014: All companies as one 5.81%, Median company 6.83%Q3 2014: All companies as one 2.7%, Median company 7.4%Q4 2014: All companies as one 3.46%, Median company 6.03%Q1 2015: All companies as one -1.27%, Median company 3.74%Q2 2015: All companies as one -2.55%, Median company 2.23%Q3 2015: All companies as one -1.68%, Median company 1.69%Q4 2015: All companies as one -2.64%, Median company 1.31%Q1 2016: All companies as one -0.33%, Median company 2.99%Q2 2016: All companies as one 1.58%, Median company 3.86%Q3 2016: All companies as one 4.16%, Median company 5.27%Q4 2016: All companies as one 5.8%, Median company 6.43%Q1 2017: All companies as one 8.94%, Median company 7.52%Q2 2017: All companies as one 7.09%, Median company 7.74%Q3 2017: All companies as one 7.43%, Median company 7.88%Q4 2017: All companies as one 7.87%, Median company 9.95%Q1 2018: All companies as one 9.89%, Median company 9.69%Q2 2018: All companies as one 10.4%, Median company 9.58%Q3 2018: All companies as one 8.6%, Median company 8.32%Q4 2018: All companies as one 5.4%, Median company 6.8%Q1 2019: All companies as one 6.18%, Median company 4.79%Q2 2019: All companies as one 5.79%, Median company 4.41%Q3 2019: All companies as one 5.49%, Median company 4.68%Q4 2019: All companies as one 3.93%, Median company 4.65%Q1 2020: All companies as one 2.01%, Median company 2.12%Q2 2020: All companies as one -8.03%, Median company -4.09%Q3 2020: All companies as one 0.56%, Median company 1.38%Q4 2020: All companies as one 4.26%, Median company 5.52%Q1 2021: All companies as one 12.8%, Median company 12.5%Q2 2021: All companies as one 26.3%, Median company 24.7%Q3 2021: All companies as one 17.9%, Median company 15.8%Q4 2021: All companies as one 18.1%, Median company 15.4%Q1 2022: All companies as one 13.8%, Median company 12.3%Q2 2022: All companies as one 13.9%, Median company 11.6%Q3 2022: All companies as one 11.7%, Median company 11.5%Q4 2022: All companies as one 4.64%, Median company 7.84%Q1 2023: All companies as one 3.99%, Median company 7.46%Q2 2023: All companies as one 0.95%, Median company 6.42%Q3 2023: All companies as one 1.6%, Median company 5.26%Q4 2023: All companies as one 3.71%, Median company 5.43%Q1 2024: All companies as one 4.93%, Median company 5.14%Q2 2024: All companies as one 5.72%, Median company 6.17%Q3 2024: All companies as one 6.94%, Median company 6.49%Q4 2024: All companies as one 6.7%, Median company 6.84%Q1 2025: All companies as one 5.8%, Median company 6.19%Q2 2025: All companies as one 8.02%, Median company 8.19%Q3 2025: All companies as one 9.69%, Median company 9.41%Q4 2025: All companies as one 10.9%, Median company 9.57%Q1 2026: All companies as one 12.9%, Median company 10.9%Q2 2026: All companies as one 16.9%, Median company 11.6%Q3 2026 (still being reported): All companies as one 15.3%, Median company 9.64%200920112013201520172019202120232025

The sum of this quarter’s revenue over the sum of the year-earlier revenue of the same companies, and the median company’s own growth.

Earnings growth · net income, year over year, percent

All companies as oneMedian companyS&P 500 (SPY), right axisQ2 2026: market +54.3% · median company +19.8%
-100%-50%0%50%100%All companies as one: 30.2%, Q3 2026 (still being reported)30.2%Median company: 16.3%, Q3 2026 (still being reported)16.3%Q4 2009 to Q4 2009: loss a year earlier81S&P 500 (SPY): 762.63 on 2026-11-02763S&P 500 (SPY), daily close, right-hand axismedian +10.0% since 2009All companies as oneQ3 2026 (still being reported): All companies as one 30.2%Median companyQ3 2026 (still being reported): Median company 16.3%Q2 2009: All companies as one -23.2%, Median company -19.5%Q3 2009: All companies as one -13.8%, Median company -8.2%Q4 2009: All companies as one —, Median company 17.4%Q1 2010: All companies as one 84.8%, Median company 17.1%Q2 2010: All companies as one 40.9%, Median company 16.6%Q3 2010: All companies as one 31.2%, Median company 20.1%Q4 2010: All companies as one 16.6%, Median company 16.9%Q1 2011: All companies as one 23.0%, Median company 20.8%Q2 2011: All companies as one 10.8%, Median company 18.3%Q3 2011: All companies as one 20.3%, Median company 11.6%Q4 2011: All companies as one 2.06%, Median company 7.35%Q1 2012: All companies as one 2.86%, Median company 4.58%Q2 2012: All companies as one -1.18%, Median company 4.75%Q3 2012: All companies as one -10.4%, Median company 3.35%Q4 2012: All companies as one -17.8%, Median company 5.46%Q1 2013: All companies as one 9.8%, Median company 5.89%Q2 2013: All companies as one 12.7%, Median company 4.98%Q3 2013: All companies as one 20.1%, Median company 10.3%Q4 2013: All companies as one 35.4%, Median company 10.7%Q1 2014: All companies as one -2.77%, Median company 6.97%Q2 2014: All companies as one 5.68%, Median company 9.73%Q3 2014: All companies as one 10.1%, Median company 10.7%Q4 2014: All companies as one -15.1%, Median company 10.1%Q1 2015: All companies as one -3.02%, Median company 5.9%Q2 2015: All companies as one -13.5%, Median company 4.78%Q3 2015: All companies as one -6.42%, Median company 2.86%Q4 2015: All companies as one -0.29%, Median company 0.35%Q1 2016: All companies as one -10.1%, Median company 0.53%Q2 2016: All companies as one -3.99%, Median company 2.92%Q3 2016: All companies as one 3.55%, Median company 6%Q4 2016: All companies as one 19.8%, Median company 8.84%Q1 2017: All companies as one 27.8%, Median company 11.9%Q2 2017: All companies as one 15.8%, Median company 10.7%Q3 2017: All companies as one 11.4%, Median company 11.5%Q4 2017: All companies as one -21.7%, Median company 7.47%Q1 2018: All companies as one 19.0%, Median company 21.6%Q2 2018: All companies as one 25.0%, Median company 24.8%Q3 2018: All companies as one 21.9%, Median company 23.7%Q4 2018: All companies as one 62.2%, Median company -2.01%Q1 2019: All companies as one 4.3%, Median company 6.97%Q2 2019: All companies as one 3.68%, Median company 4.63%Q3 2019: All companies as one -9.7%, Median company 3.88%Q4 2019: All companies as one 10.7%, Median company 6.63%Q1 2020: All companies as one -43.7%, Median company -13.6%Q2 2020: All companies as one -54.1%, Median company -19.4%Q3 2020: All companies as one -5.54%, Median company -0.63%Q4 2020: All companies as one -6.22%, Median company 6.26%Q1 2021: All companies as one 126%, Median company 36.0%Q2 2021: All companies as one 217%, Median company 41.5%Q3 2021: All companies as one 62.1%, Median company 23.7%Q4 2021: All companies as one 71.6%, Median company 16.3%Q1 2022: All companies as one -2.57%, Median company 3.26%Q2 2022: All companies as one -8.6%, Median company 3.67%Q3 2022: All companies as one -9.16%, Median company 3.91%Q4 2022: All companies as one -23.5%, Median company 0%Q1 2023: All companies as one 5.78%, Median company 3.17%Q2 2023: All companies as one 3.66%, Median company 6.96%Q3 2023: All companies as one 18.9%, Median company 5.48%Q4 2023: All companies as one 17.4%, Median company 6.05%Q1 2024: All companies as one 2.08%, Median company 7.03%Q2 2024: All companies as one 11.6%, Median company 7.29%Q3 2024: All companies as one -1.6%, Median company 7.15%Q4 2024: All companies as one 26.7%, Median company 11.5%Q1 2025: All companies as one 14.2%, Median company 4.44%Q2 2025: All companies as one 17.7%, Median company 8.2%Q3 2025: All companies as one 25.9%, Median company 10.8%Q4 2025: All companies as one 10.5%, Median company 8.18%Q1 2026: All companies as one 39.3%, Median company 17.1%Q2 2026: All companies as one 54.3%, Median company 19.8%Q3 2026 (still being reported): All companies as one 30.2%, Median company 16.3%200920112013201520172019202120232025

Net income swings more than revenue: a quarter after a loss-making one can show growth of several hundred percent, so readings beyond ±100% leave a gap and the median company, over companies that earned a profit a year earlier, is the steadier line.

Share of companies growing · percent of companies with a year-earlier quarter

Revenue up on the yearNet income up on the yearS&P 500 (SPY), right axisQ2 2026: revenue 92.5% · earnings 75.0%
0%20%40%60%80%100%Revenue up on the year: 91.9%, Q3 2026 (still being reported)91.9%Net income up on the year: 74.7%, Q3 2026 (still being reported)74.7%81S&P 500 (SPY): 762.63 on 2026-11-02763S&P 500 (SPY), daily close, right-hand axishalfRevenue up on the yearQ3 2026 (still being reported): Revenue up on the year 91.9%Net income up on the yearQ3 2026 (still being reported): Net income up on the year 74.7%Q2 2009: Revenue up on the year 27.3%, Net income up on the year 34.6%Q3 2009: Revenue up on the year 36%, Net income up on the year 45.7%Q4 2009: Revenue up on the year 64.1%, Net income up on the year 74.7%Q1 2010: Revenue up on the year 83.6%, Net income up on the year 72%Q2 2010: Revenue up on the year 85.9%, Net income up on the year 75.7%Q3 2010: Revenue up on the year 88.3%, Net income up on the year 76.8%Q4 2010: Revenue up on the year 84.9%, Net income up on the year 67.4%Q1 2011: Revenue up on the year 84.9%, Net income up on the year 73.8%Q2 2011: Revenue up on the year 87.5%, Net income up on the year 71.8%Q3 2011: Revenue up on the year 82.5%, Net income up on the year 67.2%Q4 2011: Revenue up on the year 78.6%, Net income up on the year 59.2%Q1 2012: Revenue up on the year 77%, Net income up on the year 58.8%Q2 2012: Revenue up on the year 68.3%, Net income up on the year 57.9%Q3 2012: Revenue up on the year 62.1%, Net income up on the year 56.6%Q4 2012: Revenue up on the year 76%, Net income up on the year 57.3%Q1 2013: Revenue up on the year 72.5%, Net income up on the year 62%Q2 2013: Revenue up on the year 77.9%, Net income up on the year 57.9%Q3 2013: Revenue up on the year 78.4%, Net income up on the year 68.9%Q4 2013: Revenue up on the year 81.5%, Net income up on the year 65%Q1 2014: Revenue up on the year 81.7%, Net income up on the year 62.3%Q2 2014: Revenue up on the year 83.8%, Net income up on the year 68.5%Q3 2014: Revenue up on the year 83.2%, Net income up on the year 62.9%Q4 2014: Revenue up on the year 77.4%, Net income up on the year 62.7%Q1 2015: Revenue up on the year 64.4%, Net income up on the year 59%Q2 2015: Revenue up on the year 60.7%, Net income up on the year 57.4%Q3 2015: Revenue up on the year 57.3%, Net income up on the year 54.5%Q4 2015: Revenue up on the year 54.4%, Net income up on the year 53.4%Q1 2016: Revenue up on the year 60.1%, Net income up on the year 51.8%Q2 2016: Revenue up on the year 65%, Net income up on the year 55.9%Q3 2016: Revenue up on the year 73%, Net income up on the year 60.6%Q4 2016: Revenue up on the year 79.3%, Net income up on the year 66.1%Q1 2017: Revenue up on the year 88.2%, Net income up on the year 70.2%Q2 2017: Revenue up on the year 86.1%, Net income up on the year 67%Q3 2017: Revenue up on the year 86.1%, Net income up on the year 67.4%Q4 2017: Revenue up on the year 91.1%, Net income up on the year 54.4%Q1 2018: Revenue up on the year 89%, Net income up on the year 73.8%Q2 2018: Revenue up on the year 89.7%, Net income up on the year 76.3%Q3 2018: Revenue up on the year 86.5%, Net income up on the year 77.2%Q4 2018: Revenue up on the year 77.1%, Net income up on the year 58.9%Q1 2019: Revenue up on the year 74.1%, Net income up on the year 59.9%Q2 2019: Revenue up on the year 72%, Net income up on the year 59%Q3 2019: Revenue up on the year 73%, Net income up on the year 56.9%Q4 2019: Revenue up on the year 75.7%, Net income up on the year 57.5%Q1 2020: Revenue up on the year 57.5%, Net income up on the year 39.3%Q2 2020: Revenue up on the year 39.3%, Net income up on the year 40.7%Q3 2020: Revenue up on the year 56%, Net income up on the year 50.5%Q4 2020: Revenue up on the year 63.5%, Net income up on the year 57.4%Q1 2021: Revenue up on the year 80.3%, Net income up on the year 75.1%Q2 2021: Revenue up on the year 92.6%, Net income up on the year 77.5%Q3 2021: Revenue up on the year 90.9%, Net income up on the year 72.3%Q4 2021: Revenue up on the year 91.3%, Net income up on the year 65.8%Q1 2022: Revenue up on the year 82.7%, Net income up on the year 55.8%Q2 2022: Revenue up on the year 81.2%, Net income up on the year 55.2%Q3 2022: Revenue up on the year 81.1%, Net income up on the year 55.2%Q4 2022: Revenue up on the year 75.9%, Net income up on the year 51.3%Q1 2023: Revenue up on the year 72.9%, Net income up on the year 57.1%Q2 2023: Revenue up on the year 67.5%, Net income up on the year 60%Q3 2023: Revenue up on the year 66.7%, Net income up on the year 58.3%Q4 2023: Revenue up on the year 66.2%, Net income up on the year 57.9%Q1 2024: Revenue up on the year 66.9%, Net income up on the year 59.4%Q2 2024: Revenue up on the year 75.2%, Net income up on the year 62.4%Q3 2024: Revenue up on the year 78%, Net income up on the year 62.7%Q4 2024: Revenue up on the year 79.1%, Net income up on the year 64.4%Q1 2025: Revenue up on the year 76.5%, Net income up on the year 58.8%Q2 2025: Revenue up on the year 84%, Net income up on the year 63.2%Q3 2025: Revenue up on the year 89.1%, Net income up on the year 67.9%Q4 2025: Revenue up on the year 87.1%, Net income up on the year 60.2%Q1 2026: Revenue up on the year 93.3%, Net income up on the year 75.1%Q2 2026: Revenue up on the year 92.5%, Net income up on the year 75%Q3 2026 (still being reported): Revenue up on the year 91.9%, Net income up on the year 74.7%200920112013201520172019202120232025

Breadth says whether growth is broad or carried by a few large companies: a high market figure with a low share growing means the giants did it.

By sector

Each sector read as one company in Q2 2026, year over year.

SectorCompaniesRevenue growthA year earlierMedian companyGrowingEarnings growthMedian companyGrowing
All companies497+16.9%+8.0%+11.6%93%+54.3%+19.8%75%
Basic Materials25+12.4%+9.4%+12.6%91%−5.9%+14.6%68%
Communication Services14+15.4%+10.7%+13.4%77%+97.6%+1.7%54%
Consumer Cyclical50+9.9%+5.4%+8.1%85%+92.3%+12.6%74%
Consumer Defensive28+8.3%+3.7%+5.3%89%+30.3%+21.2%74%
Energy27+43.4%−6.5%+36.8%88%+155.3%+65.0%85%
Financial73+14.4%+8.4%+11.9%92%+8.3%+22.4%81%
Healthcare59+7.0%+11.3%+8.7%95%−24.1%+8.4%64%
Industrials83+14.1%+6.9%+12.2%99%+26.1%+16.6%77%
Real Estate18+13.9%+8.4%+5.3%94%+11.3%+4.1%63%
Technology103+37.4%+16.0%+24.9%97%+82.7%+53.5%81%
Utilities17+15.5%+13.9%+4.8%77%+36.7%+14.5%67%

Method

Aggregates
the covered companies read as one company: sums of market value, earnings, revenue, equity and cash flow over the companies carrying both lines of a ratio, so a loss-maker lowers the market's P/E as it would in an index; a ratio with a non-positive denominator is withheld, so a sector's P/E has no reading while its trailing earnings are a loss in sum (the earnings yield, earnings over value, is shown negative instead).
Medians
the median company, over companies with a positive denominator (and, for P/E, positive trailing earnings).
Quarters
fiscal quarters are assigned to calendar quarters by their midpoint; a quarter is complete once at least 90% of the prior quarter's reporters have filed it.
Growth
each company's quarter against its own quarter a year earlier (nearest end to 365 days back, within 45 days), summed over the matched pairs; earnings growth is withheld when the year-ago sum is not positive.
Survivorship
the companies are today's, so the early years are the history of the firms that survived to be covered now, and the first weeks are dropped until coverage reaches half its peak.
Market line
S&P 500 (SPY) daily closes on the right-hand axis of every market chart, and each sector's own sector fund (XLB, XLC, XLY, XLP, XLE, XLF, XLV, XLI, XLRE, XLK, XLU), and an industry group its own (SMH), on its charts, from the market data mirror, so a reading can be seen against what the index or the sector was doing; a fund's line starts when it was listed.

531 companies, 458 with a trailing P/E at the latest close. Income statements, balance sheets and cash flows from each company's SEC 10-K and 10-Q filings (this site's extract); split-adjusted daily closes from a market data vendor. Every figure is computed from the filings; nothing here is a forecast or a recommendation.