As of mid-February 2025, earnings reports from S&P 500 companies indicate a robust performance for the fourth quarter (Q4). Approximately 76% of S&P 500 companies have surpassed earnings per share (EPS) estimates, slightly below the five-year average of 77% but above the ten-year average of 75%. The overall EPS growth for the S&P 500 stands at 16.9%, significantly higher than the December 31 estimate of 11.8% and marking the highest growth in three years. Notably, nine out of eleven sectors are reporting year-over-year earnings growth for Q4, with six sectors achieving double-digit growth. Companies with greater international exposure are seeing earnings growth exceeding 20%. Furthermore, the top ten S&P 500 stocks account for 38% of the index's market capitalization and 28% of its earnings, which are on track to reach record highs, reflecting a 10% increase over the past year.