Goldman Sachs says S&P 500 revenues grew 6.4% YoY in Q2, excluding energy — the fastest pace in five years.
Big Tech led the growth, while median S&P 500 revenue excluding tech rose just 3%.
Corporate earnings jumped nearly 50% YoY, partly driven by tech firms marking up private investments.
Meanwhile, companies received over $100B in tariff refunds, using the windfall for marketing, cost relief and lower customer prices.
S&P 500 REVENUE GROWTH HITS 5-YEAR HIGH
Goldman Sachs says S&P 500 revenues grew 6.4% YoY in Q2, excluding energy — the fastest pace in five years.
Big Tech led the growth, while median S&P 500 revenue excluding tech rose just 3%.
Corporate earnings jumped nearly 50% YoY,…
— *Walter Bloomberg (@DeItaone) August 17, 2026
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