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S&P 500 stocks: List of additions and removals in 2025

Written by Edited by
Published on June 09, 2025 | 2 min read

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The S&P 500 index is one of the most widely followed stock market indexes in the world, with trillions of dollars managed based on its makeup. When companies are added or removed from the index, it forces buying and selling in those companies’ shares by index funds that aim to track the performance of the index. Coinbase was the latest name to join the S&P 500 in May.

No changes were made to the S&P 500 as part of the index’s quarterly rebalancing in June, according to reports. Shares of online brokerage Robinhood had increased leading up to the rebalancing date, as analysts speculated the firm could be added to the index.

Here are all of the companies that have been added and removed from the S&P 500 in 2025 as of June 9.

S&P 500 additions in 2025

Effective date Company Ticker Sector
May 19, 2025 Coinbase Global COIN Financials
March 24, 2025 DoorDash DASH Consumer Discretionary
March 24, 2025 TKO Group Holdings TKO Communication Services
March 24, 2025 Williams-Sonoma WSM Consumer Discretionary
March 24, 2025 Expand Energy EXE Energy
Source: S&P Dow Jones Indices      

S&P 500 removals in 2025

Effective date Company Ticker Sector
May 19, 2025 Discover Financial Services DFS Financials
March 24, 2025 BorgWarner BWA Consumer Discretionary
March 24, 2025 Teleflex TFX Health Care
March 24, 2025 Celanese CE Materials
March 24, 2025 FMC FMC Materials
Source: S&P Dow Jones Indices      

How are stocks added or removed from the S&P 500?

S&P Dow Jones Indices, which is a division of S&P Global, manages the S&P 500 index and sets the criteria for how companies are included or removed.

Here are some of the key criteria for inclusion in the S&P 500 as of March 2025.

  • Must be a U.S.-based company.
  • The company satisfies the periodic reporting obligations set forth in the U.S. Securities Exchange Act.
  • Must be listed on a major U.S. stock exchange such as the NYSE, Nasdaq or Cboe.
  • Must have a market capitalization of $20.5 billion or more.
  • Stock should trade a minimum of 250,000 shares in each of the six months prior to being evaluated for index inclusion.
  • The most recent quarter’s GAAP earnings as well as the sum of the previous four quarters’ GAAP earnings should be positive.

The S&P 500 index is weighted based on the market value of the companies in the index, which means the most valuable companies account for the largest percentage of the index. At the end of the first quarter, Microsoft, Apple and Nvidia accounted for nearly 20 percent of the S&P 500.

Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.

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