S&P500 Q3 2025 Earnings Analysis: 14.7% Blended Growth & Sector Trends

The S&P500 reported a 14.7% YoY blended earnings growth rate for Q3 2025 from 472 companies, with Technology (29.9%), Financials (25.0%), and Industrials (23.3%) as top contributors [4]. This growth is higher than the Nov7 FactSet figure of13.1%, suggesting late reporters delivered strong results [1]. On Nov21, the S&P500 closed at 6603.80, up 0.99% after hours, recovering from a 2.96% drop on Nov20 [2]. Sector performance: Healthcare (+1.73%), Industrials (+1.52%), Financials (+0.78%), and Tech (+0.14%)—Tech’s muted gain may reflect prior price appreciation [3].

• Tech sector leads growth but recent performance lags: Tech’s 29.9% earnings growth contrasts with its 0.14% Nov21 gain, indicating potential pricing-in of positive news [3][4].
• Industrials’ strong alignment: The sector’s1.52% Nov21 gain directly correlates with its23.3% earnings growth [3][4].
• Below-average volume (3.34B vs avg5.40B) on Nov21 suggests investor caution despite earnings recovery [2].

• Risks
  : Forward P/E ratio of22.7 (above5-year avg of20.0) raises valuation concerns [1]; Q4 growth forecast of8.2% is a significant drop from Q3 [4]; over-reliance on Tech exposes to sector-specific risks (regulatory, supply chain) [4].
• Opportunities
  : Q12026 projected growth of13.1% with Tech at30% indicates sustained long-term momentum [4]; strong Industrials and Financials performance offers diversification options [3][4].

• Q32025 S&P500 earnings:14.7% YoY from472 companies, led by Tech (29.9%), Financials (25.0%), Industrials (23.3%) [4].
• Market movements: S&P500 closed at6603.80 on Nov21, up0.99% after hours; volatile10-day trend (Nov20 drop 2.96% → Nov21 recovery0.73%) [2].
• Forecasts: Q42025 (8.2% overall, Tech24.1%), Q12026 (13.1% overall, Tech30.0%) [4].
• Valuation: Forward P/E 22.7 (above5-year avg) [1].