Harvard's endowment jumps 27% in fiscal 2026, lifted by SpaceX as top holding
The latest 12-month period marked the strongest return for the university's fund since 2021.
TL;DR
- Harvard's endowment grew 27.1% in fiscal year 2026, reaching nearly $68 billion.
- This return is the strongest in five years and outperformed the S&P 500.
- The endowment's largest holding is a $2.2 billion stake in SpaceX.
- Federally-sponsored research revenue declined 19.5% in fiscal 2026.
- A federal excise tax on Harvard's net investment income is rising nearly six-fold, from 1.4% to 8%, estimated to cost $300 million annually.