Eighty-five percent of S&P 500 constituents that have reported Q3 results exceeded profit expectations, with average EPS growth of 11%. Banking and energy majors drove the beat as credit spreads narrowed and oil profits remained elevated. Analysts say corporate earnings resilience underscores U.S. demand stability despite higher rates. Aggregate revenue growth stood at 6.4% YoY while guidance trends remain largely neutral into Q4 2025.