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Calcbench: 72 percent of S&P 500 companies reported adjusted earnings in 2025, pushing non-GAAP net income higher than “traditional” GAAP net income by $271 billion

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Adjustments to earnings remain widespread across Corporate America. S&P 500 companies routinely report “adjusted earnings.” Just how much companies are adjusting, and the substance of those adjustments, are the subject of a comprehensive annual Non-GAAP Reconciliations Report from Calcbench, in collaboration with Suffolk University’s Sawyer Business School

NEW YORK, July 16, 2026 /PRNewswire-PRWeb/ — Calcbench, a leading interactive platform for financial data from SEC filings, in collaboration with Suffolk University’s Sawyer Business School, today released its most comprehensive study to date on non-GAAP adjustments companies make to corporate earnings.

The study identified 361 S&P 500 companies that adjusted their net income or EPS figures for their fiscal year 2025 earnings. In total, the firms reported adjusted net income that was $271 billion higher than “traditional” net income as defined by Generally Accepted Accounting Principles (GAAP).

Eighty-seven percent of firms had adjusted net income that was higher than GAAP net income, and some firms (AbbVie, Broadcom, Capital One, General Motors, and Pfizer among them) reported adjusted net income that was multiple times higher than GAAP net income. Those companies’ adjustments were so substantial that they contributed materially to the $271 billion in total non-GAAP adjustments across the whole S&P 500.

This marks the fifth year that Calcbench and Suffolk University have collaborated to examine how the largest U.S. public companies adjust their U.S. Generally Accepted Accounting Principles (GAAP) figures to measure profitability. One of the most notable findings from this year’s research was a significant shift in adjustments related to gains and losses on investments. In 2025, companies’ total adjustments for investments were negative $7.9 billion (meaning companies removed investment gains from their adjusted income figures), which was a $33.5 billion swing from the positive $26.5 billion reported in 2024.

“The removal of gains and losses from investments begs the question of exactly how big these corporate investment portfolios are becoming,” says Pranav Ghai, Co-Founder and CEO of Calcbench. “But analysts and investors still need to assess whether these non-GAAP adjustments provide a clearer picture of earnings.”

“Whether or not you believe the adjustments are warranted, analyzing non-GAAP remains a critical part of understanding management’s perspective of company performance,” says Tracey Riley, Interim Dean of Suffolk University’s Sawyer Business School. “Suffolk University’s Sawyer Business School Winterns’ work spanned multiple courses, where they collected and reviewed data, and conducted in-depth analyses of the adjustments.”

Click here for the full Non-GAAP report.

Calcbench is a financial data platform designed for outperformance. Founded in 2011, the company uses the latest technology to offer instant and systematic access to all the data (numbers and text) in financial statements, including the details hidden within the footnotes. Developed by former analysts and supported by a team of financial experts, Calcbench was built for data analysts looking to go deeper. Visit http://www.calcbench.com to learn more.

Suffolk University’s Sawyer Business School offers a rigorous business education—with purpose. The school occupies an unrivaled position at the nexus of Boston’s private, public, and nonprofit sectors. Our learners enjoy unparalleled access to the city’s financial and innovation clusters, seats of government, nonprofit organizations and world-class healthcare institutions. Leveraging our distinctive location, multidisciplinary programs, world-renowned faculty, and immersive educational experiences, we empower our graduates to become innovative change agents who positively impact society at the local, national, and international levels.

Media Contact

Samantha Berg, Calcbench, 1 9175334622, samantha@calcbench.com, calcbench.com 

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SOURCE Calcbench

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Texas Instruments board declares third quarter 2026 quarterly dividend

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July 16, 2026

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DALLAS, July 16, 2026 /PRNewswire/ — The board of directors of Texas Instruments Incorporated (Nasdaq: TXN) today declared a quarterly cash dividend of $1.42 per share of common stock, payable August 11, 2026, to stockholders of record on July 31, 2026.   

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, data center, personal electronics and communications equipment. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

TXN-G

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SOURCE Texas Instruments Incorporated

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Drake Expands End-to-End Professional Services with Launch of Drake Audit Defense™

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July 16, 2026

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New post-filing audit defense service extends Drake Software’s support beyond tax preparation, helping firms save time while delivering greater value to clients.

FRANKLIN, N.C., July 16, 2026 /PRNewswire/ — Drake Software, a leader in professional tax preparation solutions, today announced the launch of Drake Audit Defense™, a new post-filing audit defense service designed to help tax professionals better support their clients after a return is filed. The new offering represents another step in Drake’s continued investment in delivering integrated products and services that support tax professionals throughout the entire client journey—from intake to post-filing.

Enrollment for Drake Audit Defense is available now for Drake Software customers for Tax Year 2026 returns. Customers can enroll by logging into their account at DrakeSoftware.com

Drake Audit Defense provides tax professionals with an easy-to-offer service that helps clients navigate eligible IRS and state tax notices, audit assistance, and qualifying tax-related identity theft assistance. By reducing the administrative burden associated with post-filing issues, firms can spend less time managing notices and audits while providing additional value and peace of mind to their clients.

“Tax professionals are looking for more than software—they’re looking for solutions that help them run more efficient practices and deliver exceptional client experiences,” said Alice Curry, Chief Customer Offer. “Drake Audit Defense is another example of how we’re expanding the Drake ecosystem with integrated services that support firms before, during, and after tax season.”

“Our goal is to make it easy for firms to manage the products and services they rely on in one connected Drake experience,” said Curry. “By integrating Drake Audit Defense alongside our growing portfolio of workflow solutions and enhancements, we’re giving customers greater visibility into their practice, fewer administrative tasks, and a simpler way to manage their business while delivering even more value to their clients.”

Drake Audit Defense is designed specifically for Drake Software customers and integrates seamlessly into existing workflows, making it simple to enroll clients during the tax preparation process while providing trusted support by credentialed tax experts when post-filing issues arise.

About Drake Software

For more than four decades, Drake Software has provided innovative tax preparation and practice management solutions that help tax professionals serve their clients with confidence. Today, Drake continues to expand its ecosystem with integrated products and services that support firms from client intake through post-filing, helping practices work more efficiently while delivering exceptional client experiences.

Media Contact:
Colleen Woods Heikka
Sr. Director, Product Marketing
Colleen.woods@Taxact.com

+1-781-588-6339

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SOURCE Drake Software, LLC

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IronSpark Studios Launches in Birmingham, AL

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July 16, 2026

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IronSpark is a new creative studio focused on animation, game development, and interactive experiences.

BIRMINGHAM, Ala., July 16, 2026 /PRNewswire/ — Storytelling has a new home in Birmingham, Alabama, with the launch of IronSpark Studios, a creative media company focused on animation, game development, and interactive experiences. Guided by its mission to build stories that engage, excite, and entertain, IronSpark Studios develops original and client-driven intellectual property and digital experiences.

Production is shifting away from traditional big studios and moving rapidly toward independent creators and agile, small studios. Founded on the belief that world-class creative belongs in Birmingham, IronSpark Studios collaborates with local creatives, businesses and organizations while working to attract animation, game development and interactive media production to the region.

“Our vision is to create experiences that inspire audiences, spark imagination and leave a lasting impact,” said Brass Bralley, co-founder and managing director. “We believe Birmingham is a place where creative talent can grow, collaborate and help shape the future of storytelling.”

The studio operates through three divisions—Animation, Games and Interactive—creating content for film, commercial projects, video games, immersive exhibits and emerging digital experiences.

IronSpark Studios is partnering with clients and intellectual property owners while developing original projects of its own, helping bring more animation, game development, and interactive media production to Birmingham.

“I’ve chosen to build many businesses in the Birmingham ecosystem, and the choice to build IronSpark here was a simple one,” said Mazi Rasulnia, co-founder and consulting partner.  “Birmingham has a vibrant community of innovators and creators, and IronSpark will be a great addition.”

Among those projects is its first original animated short film, The Purple Sky Peanut Butter Club. Based on a true story of heroism and sacrifice, the dialogue-free animated short explores the power of small traditions and their ability to provide healing through grief and transcend generations.

“The stories we create are meant to connect people,” said Wink Winkler, co-founder and head of creative. “Whether that’s through film, series, a video game or an interactive experience, at the end of the day, the story is at the heart of everything we create.” 

Contact: Brass Bralley, Co-Founder and Managing Director, Brass@ironsparkstudios.com

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SOURCE IronSpark Studios

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