As the S&P 500 earnings season progresses, more than half of the companies have reported their results, with 62% of firms having disclosed their Q4 earnings. Among these, 79% surpassed earnings per share (EPS) estimates by a median of 6%. Tariff discussions have become increasingly prevalent, with 44% of S&P 500 companies addressing tariffs during their earnings calls, marking an all-time high for such mentions. This surge in tariff-related dialogue reflects heightened concerns among corporate leaders, echoing sentiments from previous years. The overall EPS beat rate stands at 78% for the earnings season, indicating a robust performance from corporate America amidst ongoing tariff discussions.