This report examines the state of gender diversity within S&P 500 companies as of 2025. It outlines the representation of women in leadership roles, noting that companies led by female CEOs or chairs tend to have greater gender diversity on their boards and leadership teams compared to those led by men. The report presents statistics on new female appointees to S&P 500 leadership teams, highlighting their diverse skill sets and the percentage of those appointed internally. It details the share of women in various executive roles and notes a decline in the overall representation of women on boards and leadership teams during the first two quarters of 2025. The report emphasizes the continued imbalance in key executive positions, while also acknowledging the better representation of women in non-executive director roles. The findings indicate a mixed picture for gender diversity moving forward, with implications for corporate culture and leadership dynamics.