The S&P 500’s long-term earnings growth is approximately 18.8%. The technology sector leads by a wide margin, with average earnings growth of around 29.4%. Other strong performers include materials and consumer discretionary, both posting growth in the 16–17% range. In contrast, sectors like consumer staples and real estate have shown the slowest growth. It’s also worth noting that because the S&P 500 is heavily weighted toward technology companies, its overall long-term earnings growth exceeds that of every sector except tech itself.
Source: LSEG Datastream, Yardeni Research, The Business Week Graphic
This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.
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