Share-count-weighted SPY constituent net-cost exposure, calculated as issuer revenue minus diluted earnings. These are portfolio look-through analytics, not SPY fund GAAP expenses.
Available history 2017 to 2026-Q2
Data captured 2026-08-30T00:00:00.000Z Historical Expense Breakdown Date Quarterly constituent expense exposure Quarterly expense / revenue Quarterly matched position coverage 2026-Q2 $42.44B 83.60% 87.90% 2026-Q1 $37.34B 85.07% 90.06% 2025-Q4 $42.92B 87.72% 91.65% 2025-Q3 $39.77B 87.71% 91.25% 2025-Q2 $39.07B 87.89% 91.07% 2025-Q1 $37.06B 87.93% 90.46% 2024-Q4 $39.66B 87.88% 90.06% 2024-Q3 $37.99B 89.27% 90.48% 2024-Q2 $36.76B 85.70% 90.26% 2024-Q1 $35.7B 89.17% 89.66% 2023-Q4 $37.49B 89.22% 88.67% 2023-Q3 $32.36B 88.51% 88.67% 2023-Q2 $31.72B 89.32% 87.48% 2023-Q1 $26.69B 89.48% 80.36% 2022-Q4 $31.82B 91.36% 85.32% 2022-Q3 $29.61B 89.39% 84.95% 2022-Q2 $29.16B 88.97% 84.16% 2022-Q1 $26.09B 89.01% 78.85% 2021-Q4 $27.46B 87.19% 80.83% 2021-Q3 $24.33B 87.25% 81.62% 2021-Q2 $22.83B 87.25% 81.42% 2021-Q1 $21.28B 88.17% 78.06% 2020-Q4 $22.9B 91.85% 78.42% 2020-Q3 $21.31B 90.45% 79.21% 2020-Q2 $20.83B 95.11% 80.00% 2020-Q1 $22.4B 92.93% 77.62% 2019-Q4 $24.36B 90.50% 76.44% 2019-Q3 $22.23B 90.11% 76.04% 2019-Q2 $21.96B 89.27% 76.44% 2019-Q1 $20.68B 88.93% 75.84% 2018-Q4 $24.91B 89.29% 61.74% 2018-Q3 $22.69B 86.87% 62.33% 2018-Q2 $22.57B 86.64% 62.52% 2018-Q1 $21.52B 87.66% 60.55% 2017-Q4 $21.01B 87.26% 58.89% 2017-Q3 $20.45B 87.64% 58.50% 2017-Q2 $20.21B 87.91% 58.50% 2017-Q1 $18.28B 88.10% 53.56%
Annual Expense Breakdown Date Annual constituent expense exposure Annual expense / revenue Annual matched position coverage 2026 $171.29B 87.85% 95.43% 2025 $146.29B 88.48% 92.05% 2024 $148.94B 87.00% 89.09% 2023 $121.67B 89.83% 88.07% 2022 $178.67B 89.68% 84.75% 2021 $87.66B 92.37% 81.62% 2020 $91.3B 88.86% 80.00% 2019 $82.39B 89.54% 75.25% 2018 $83.66B 88.33% 57.40% 2017 $75.79B 88.86% 55.53%