S&P Dow Jones Indices examines how much of S&P 500 revenue actually comes from outside the U.S., highlighting the index’s global dependence despite its domestic label. Foreign sales sit near 42.9% of total revenue, while regional exposure remains fragmented and inconsistently reported, raising questions about how well investors truly understand global risk embedded in U.S. equities.
S&P 500 2018: Global Sales
S&P Global
Howard Silverblatt
Research
15 Pages
Key Takeaways
Global Revenue Exposure: Foreign sales accounted for 42.9% of S&P 500 revenue in 2018, down from 43.6% in 2017, signaling modest retrenchment in globalization trends.
Regional Sales Concentration: Asia and Europe each contributed 8.24% of total sales, while Canada lagged at 1.98%, highlighting uneven geographic dependence across markets.
Sector Exposure Divergence: Information Technology led with 58.2% foreign revenue exposure, compared to Financials at 30.1%, showing a nearly 28-point gap in global sensitivity.
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