Vanguard Index Funds - Vanguard S&P 500 ETF Past Earnings Performance

Past criteria checks 4/6

Vanguard Index Funds - Vanguard S&P 500 ETF has been growing earnings at an average annual rate of 7.4%, while the Capital Markets industry saw earnings growing at 7.9% annually. Revenues have been growing at an average rate of 9.9% per year. Vanguard Index Funds - Vanguard S&P 500 ETF's return on equity is 19.2%, and it has net margins of 1499.2%.

Key information

7.4%

Earnings growth rate

1.9%

EPS growth rate

Capital Markets Industry Growth	10.3%
Revenue growth rate	9.9%
Return on equity	19.2%
Net Margin	1,499.2%
Last Earnings Update	30 Jun 2024

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How Vanguard Index Funds - Vanguard S&P 500 ETF makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BVC:VOO Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	15,116	226,607	309
31 Mar 24	14,643	212,935	287
31 Dec 23	14,171	199,262	266
30 Sep 23	13,727	170,843	255
30 Jun 23	13,283	142,424	243
31 Mar 23	12,906	-7,885	244
31 Dec 22	12,529	-158,194	244
30 Sep 22	12,035	-121,480	251
30 Jun 22	11,541	-84,767	257
31 Mar 22	11,004	51,818	250
31 Dec 21	10,468	188,404	244
30 Sep 21	10,230	202,181	226
30 Jun 21	9,993	215,957	209
31 Mar 21	10,102	157,925	194
31 Dec 20	10,210	99,893	180
30 Sep 20	10,149	67,817	174
30 Jun 20	10,088	35,740	168
31 Mar 20	9,841	81,587	169
31 Dec 19	9,593	127,433	170
30 Sep 19	9,556	85,744	168
30 Jun 19	9,519	44,055	167
31 Mar 19	9,175	11,819	167
31 Dec 18	8,831	-20,416	167
30 Sep 18	8,182	14,313	158
30 Jun 18	7,534	49,042	150
31 Mar 18	7,114	57,425	145
31 Dec 17	6,695	65,807	139
30 Sep 17	6,326	56,143	135
30 Jun 17	5,957	46,479	132
31 Mar 17	5,675	37,500	128
31 Dec 16	5,394	28,521	125
30 Sep 16	5,106	18,990	131
30 Jun 16	4,819	9,459	137
31 Mar 16	4,682	6,184	133
31 Dec 15	4,545	2,910	130
30 Sep 15	4,348	8,298	126
30 Jun 15	4,151	13,686	122
31 Mar 15	3,882	18,352	120
31 Dec 14	3,613	23,019	119
30 Sep 14	3,432	28,568	114
30 Jun 14	3,250	34,118	109
31 Mar 14	3,116	36,472	105

Quality Earnings: VOO has a large one-off gain of $211.3B impacting its last 12 months of financial results to 30th June, 2024.

Growing Profit Margin: VOO's current net profit margins are higher than last year .

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: VOO's earnings have grown by 7.4% per year over the past 5 years.

Accelerating Growth: VOO's earnings growth over the past year (59.1%) exceeds its 5-year average (7.4% per year).

Earnings vs Industry: VOO earnings growth over the past year (59.1%) exceeded the Capital Markets industry 8%.

Return on Equity

High ROE: VOO's Return on Equity (19.2%) is considered low.

Return on Assets

Return on Capital Employed

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/18 18:15
End of Day Share Price	2025/01/17 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vanguard Index Funds - Vanguard S&P 500 ETF is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution