S&P 500(®) earnings growth for Q2 2026 looks to be running greater than 50% year over year, which implies a roughly 30% year-over-year increase for all of 2026. That level of double-digit growth is highly unusual for periods not associated with the type of economic growth often seen coming out of a recession.
Source: Baird Strategies, Haver, as of August 24, 2026. Data includes earnings estimates for Q2 2026.