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Tariff Mentions Surge in 91% of S&P 500 Calls

5/17/2025

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Summary

Story summary

In the first quarter of 2025, a striking 411 S&P 500 companies referenced "tariff" during earnings calls, marking the highest frequency in ten years. With 91% of the 451 calls mentioning tariffs, the Industrials and Financials sectors led the charge, while every company in Consumer Staples, Materials, and Real Estate echoed the same concern.

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Story summary

In the first quarter of 2025, a striking 411 S&P 500 companies referenced "tariff" during earnings calls, marking the highest frequency in ten years. With 91% of the 451 calls mentioning tariffs, the Industrials and Financials sectors led the charge, while every company in Consumer Staples, Materials, and Real Estate echoed the same concern.