While U.S. citizens have been struggling with rising inflation over the past few months, corporations have reportedly netted record profits during the same period.
Aftertax profits as a share of gross value added for nonfinancial corporations—a measure of aggregate profit margins—rose to 15.5 percent in the second quarter from 14 percent in the first quarter, according to a Bloomberg analysis of a report from the U.S. Bureau of Economic Analysis (BEA). This is the highest level of profit margin for nonfinancial corporations since 1950.
