Q4, 2025 Data is questionable

For the Nasdaq-100’s Q4 2025 earnings season overall (the index as a whole), the most authoritative data available from Nasdaq’s own index earnings update shows that as of mid-February:

• Among the Nasdaq-100 companies that had reported Q4 2025 results, the average earnings per share (EPS) beat over consensus analyst estimates was approximately +5.3% on a weighted basis.

That ~5.3% EPS surprise figure is the broad, aggregate surprise metric across the reporting Nasdaq-100 firms (by weight), not just one company.

Because not every Nasdaq-100 company had reported by the date of that update, the final overall surprise could shift slightly as more companies report — but ~+5.3% EPS Surprise for Q4 2025 is the best current published estim